Word: condec
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...some companies the squeeze is already serious. Condec Corp. of Old Greenwich, Conn. (1980 sales: $275 million), is a leading supplier of parts for the U.S. Army's 155-mm Howitzer field gun, makes components for the cruise missile, and is the world's leading producer of industrial robots. In the past eight months, a lack of skilled labor has ballooned Condec's order backlog by 37% to $288 million. Says Condec Chairman Norman I. Schafler: "It has become virtually impossible to get any tool-and diemakers. Industry has consumed its pool of skills like a diminishing...
...became the first major industrial robot buyer by ordering more than 50 welders. Today GM has 270 robots, and there are more than 3,000 at work throughout the U.S. The biggest manufacturer, Unimation Inc., of Danbury, Conn., was founded in 1959 and cost its parent company, Condec, at least $12 million before making its first profit in 1975. It now produces 40 Unimate and 15 Puma robots a month, and will have estimated sales this calendar year of $42 million. Its chief competitor: Cincinnati Milacron, which makes the sophisticated T3 robot and expects 1980 sales of $32 million...
...Condec Corp...
| 1 |