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Hammond Power Solutions
Hammond Power Solutions

-10.9%

Energy / Electrical transformers and power management

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Overview
Hammond Power Solutions (HPS) is a global manufacturer of dry-type electrical transformers, reactors, and related components. The company was founded in 1917 and is headquartered in Guelph, Ontario, Canada. HPS has several manufacturing facilities in Canada, the United States, Mexico, India, and Italy.
HPS primarily serves the electrical power and distribution industry, providing transformers and related products for a variety of applications, including industrial, commercial, and renewable energy projects. The company’s products are used in a wide range of industries, such as oil and gas, mining, pulp and paper, and water treatment.
HPS is committed to sustainability and has implemented numerous initiatives to reduce its environmental impact. These include using recycled materials, implementing energy-efficient processes, and reducing waste.
HPS has a global footprint, with sales and distribution networks in over 80 countries. The company is known for its high-quality products, efficient production processes, and excellent customer service. HPS has received several awards for its products and services, including the Canada’s Best Managed Companies award and the Top 50 Best Places to Work award.
In addition to its manufacturing capabilities, HPS offers custom engineering and design services for specialized transformer solutions. The company also provides training and technical support for its products.
What is special about the company?
1. Highly Specialized Products: Hammond Power Solutions is a leading manufacturer of dry-type and cast resin transformers and related magnetic products. They have over 100 years of experience in designing and producing high-quality, customized transformers for a variety of industries.
2. Large Global Presence: With facilities in Canada, the USA, Mexico, Italy, and China, Hammond Power Solutions has a significant global presence. This allows them to serve customers around the world and provide quick turnaround times on orders.
3. Industry Expertise: The company has built a strong reputation for being an industry expert in transformer design and production. They continuously invest in research and development to stay ahead of industry trends and meet the evolving needs of their customers.
4. High-Quality Standards: Hammond Power Solutions is committed to producing high-quality transformers that meet or exceed international standards for performance and reliability. They have numerous certifications and accreditation, such as ISO 9001 and ISO 14001, which demonstrate their commitment to quality.
5. Custom Solutions: The company prides itself on its ability to provide customized solutions to meet the unique needs of their customers. With a team of experienced engineers and a modern manufacturing facility, they have the capabilities to design and produce transformers for various applications.
6. Focus on Sustainability: Hammond Power Solutions is committed to sustainable business practices and incorporates environmentally friendly processes in their operations. They strive to reduce their carbon footprint and promote the use of energy-efficient products.
7. Strong Customer Relationships: The company values strong, long-term relationships with their customers and goes above and beyond to meet their needs. They offer technical support, training, and other resources to ensure their customers get the most out of their products.
What the company's business model?
The Hammond Power Solutions company’s business model is primarily focused on the design, development, and production of custom transformers, reactors, and related magnetic components for electrical systems. They also offer a range of power conversion and supply products, as well as engineering and technical support services for various markets including industrial, commercial, and alternative energy. The company operates on a global scale, providing solutions to customers through direct sales, distributors, and partnerships. They prioritize technology and innovation, as well as a commitment to quality, sustainability, and customer satisfaction in their overall business strategy.
Interesting facts about the company
1. Hammond Power Solutions (HPS) is a leading manufacturer of dry-type electrical transformers and related magnetic products for the industrial and commercial markets. The company’s products are used in a wide range of applications, including power generation, transportation, mining, oil and gas, and renewable energy.
2. HPS was founded in 1917 as the Hammond Manufacturing Company in Guelph, Ontario, Canada. It initially produced electrical motor controls for the agricultural industry.
3. In the 1950s, HPS expanded its product line to include electrical transformers and entered the industrial market.
4. The company changed its name to Hammond Power Solutions Inc. in 1993 to reflect its focus on power solutions.
5. Today, HPS has manufacturing facilities in Canada, the United States, and Mexico, with distribution centers in Canada, the United States, and Europe.
6. HPS is a publicly traded company, with shares listed on the Toronto Stock Exchange under the symbol HPS-A.
7. The company has a diverse range of customers, including major companies in the energy, transportation, and industrial sectors. It also serves smaller, niche markets in the medical, military, and technology industries.
8. HPS has a strong commitment to sustainability, with a focus on reducing energy consumption and minimizing environmental impact in its manufacturing processes. The company also offers a range of energy-efficient products to help its customers reduce their energy usage.
9. In addition to its core product line of electrical transformers, HPS also offers a range of products such as reactors, magnetic products, and industrial electromechanical assemblies.
10. HPS has a long history of innovation and has received numerous awards for its products and business practices. In 2014, the company was recognized as one of Canada’s Best Managed Companies for the seventh consecutive year.
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