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Finning
-7.51%
Industry & manufacturing / Heavy Equipment Sales and Services
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Finning International Inc. is the world's largest Caterpillar equipment dealer, with operations in Canada, the United Kingdom, Ireland, and South America. The company specializes in selling, renting, and providing parts and services for Caterpillar equipment, including bulldozers, backhoes, excavators, and trucks. It also offers customized financial solutions for customers to purchase or lease their equipment. Finning has a history dating back to 1933, and today, it employs over 13,000 people worldwide. The company is headquartered in Vancouver, Canada, and trades on the Toronto Stock Exchange (TSX) under the symbol FTT.
What is special about the company?
There are several aspects that make Finning a special company:
1. Long-standing History: Finning was founded in 1933 and has been in business for over 85 years. This demonstrates the company's stability and longevity in the market.
2. Global Presence: Finning operates in multiple countries around the world, including Canada, United Kingdom, South America, and more. This global presence allows them to serve diverse markets and customers.
3. Focused on Caterpillar Equipment: Finning is the world's largest Caterpillar dealer, providing sales, parts, and service for Caterpillar heavy equipment. This exclusive partnership with Caterpillar gives them a unique position in the market.
4. Emphasis on Sustainability: Finning is committed to sustainable practices and has implemented initiatives to reduce emissions, improve energy efficiency, and promote environmental stewardship. They have been recognized as a sustainability leader in the industry.
5. Employee Development: Finning has a strong focus on employee development and offers various training programs, career advancement opportunities, and benefits. This has helped them retain a skilled and dedicated workforce.
6. Customer-centric Approach: Finning puts their customers at the center of everything they do. They strive to understand their customers' needs and provide innovative solutions to meet them.
7. Contribution to Communities: Finning is involved in various community initiatives, such as supporting local charities, sponsoring events, and offering employee volunteer programs. This shows their commitment to giving back to the communities they operate in.
1. Long-standing History: Finning was founded in 1933 and has been in business for over 85 years. This demonstrates the company's stability and longevity in the market.
2. Global Presence: Finning operates in multiple countries around the world, including Canada, United Kingdom, South America, and more. This global presence allows them to serve diverse markets and customers.
3. Focused on Caterpillar Equipment: Finning is the world's largest Caterpillar dealer, providing sales, parts, and service for Caterpillar heavy equipment. This exclusive partnership with Caterpillar gives them a unique position in the market.
4. Emphasis on Sustainability: Finning is committed to sustainable practices and has implemented initiatives to reduce emissions, improve energy efficiency, and promote environmental stewardship. They have been recognized as a sustainability leader in the industry.
5. Employee Development: Finning has a strong focus on employee development and offers various training programs, career advancement opportunities, and benefits. This has helped them retain a skilled and dedicated workforce.
6. Customer-centric Approach: Finning puts their customers at the center of everything they do. They strive to understand their customers' needs and provide innovative solutions to meet them.
7. Contribution to Communities: Finning is involved in various community initiatives, such as supporting local charities, sponsoring events, and offering employee volunteer programs. This shows their commitment to giving back to the communities they operate in.
What the company's business model?
The Finning company is a global provider of heavy equipment, parts, and services for various industries such as mining, construction, agriculture, energy, and forestry. Their business model revolves around selling and renting high-quality, new and used equipment from leading manufacturers such as Caterpillar, providing maintenance, repair, and support services for this equipment, and offering financing and insurance options to clients.
Finning also utilizes advanced technology and data analytics to improve the efficiency and productivity of their clients' operations, while also providing sustainable and environmentally-friendly solutions. They have a strong focus on customer service and long-term customer relationships, prioritizing the needs and success of their clients.
In addition to their equipment and services, Finning also offers training programs for operators and technicians, as well as rental options for short-term or seasonal equipment needs. They also have an extensive network of dealerships, service centers, and parts distribution centers to ensure timely and comprehensive support for their clients. Overall, their business model is centered around providing a comprehensive and integrated solution for their clients' heavy equipment needs.
Finning also utilizes advanced technology and data analytics to improve the efficiency and productivity of their clients' operations, while also providing sustainable and environmentally-friendly solutions. They have a strong focus on customer service and long-term customer relationships, prioritizing the needs and success of their clients.
In addition to their equipment and services, Finning also offers training programs for operators and technicians, as well as rental options for short-term or seasonal equipment needs. They also have an extensive network of dealerships, service centers, and parts distribution centers to ensure timely and comprehensive support for their clients. Overall, their business model is centered around providing a comprehensive and integrated solution for their clients' heavy equipment needs.
Interesting facts about the company
1) Finning International is the world’s largest Caterpillar equipment dealer, with operations in over 35 countries.
2) The company was founded in 1933 by Earl B. Finning, who began by selling farm equipment in British Columbia, Canada.
3) Finning has been a publicly traded company since 1984 and is listed on both the Toronto and London stock exchanges.
4) The company’s headquarters are located in Vancouver, British Columbia, Canada.
5) In 2018, Finning was named one of the Top 100 Employers in Canada for the fourth consecutive year.
6) Finning is committed to sustainability and has set ambitious goals to reduce its greenhouse gas emissions as well as its environmental impact.
7) The company has a dedicated technology and digital division, called Finning Digital, which focuses on providing digital solutions for its customers.
8) Finning has a strong presence in the mining industry, supplying equipment and services to some of the world’s largest mining companies.
9) The company has a long history of supporting the communities in which it operates, through charitable donations and employee volunteerism.
10) In 2019, Finning was named one of Canada’s Most Admired Corporate Cultures by Waterstone Human Capital for the sixth time.
See Company Due Diligence:
2) The company was founded in 1933 by Earl B. Finning, who began by selling farm equipment in British Columbia, Canada.
3) Finning has been a publicly traded company since 1984 and is listed on both the Toronto and London stock exchanges.
4) The company’s headquarters are located in Vancouver, British Columbia, Canada.
5) In 2018, Finning was named one of the Top 100 Employers in Canada for the fourth consecutive year.
6) Finning is committed to sustainability and has set ambitious goals to reduce its greenhouse gas emissions as well as its environmental impact.
7) The company has a dedicated technology and digital division, called Finning Digital, which focuses on providing digital solutions for its customers.
8) Finning has a strong presence in the mining industry, supplying equipment and services to some of the world’s largest mining companies.
9) The company has a long history of supporting the communities in which it operates, through charitable donations and employee volunteerism.
10) In 2019, Finning was named one of Canada’s Most Admired Corporate Cultures by Waterstone Human Capital for the sixth time.
See Company Due Diligence:
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