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February 09, 2016 3:51 AM ET

Machinery

Company Overview of ESCO Corporation

Company Overview

ESCO Corporation designs, develops, and manufactures metal wear parts and replacement products. It offers ground engaging tools (GET) tooth systems, GET cutting edges, crusher wear parts, dragline rigging, universal wear solutions, and scrap recycling hammers, as well as attachments and wear part carriers, including lip systems, dragline buckets, cable shovel buckets, hydraulic excavator buckets and face shovels, wheel loader buckets, and truck bodies. The company also manufactures and supplies a range of industrial products and services, including castings for locomotive engines and track work, offshore oil platform moorings, wire rope rigging, structural sockets, aircraft forming dies, and...

2141 NW 25th Avenue

Portland, OR 97210-2578

United States

Founded in 1913

5,541 Employees

Phone:

503-228-2141

Fax:

503-226-8071

Key Executives for ESCO Corporation

Chief Executive Officer, President and Director
Age: 57
Chief Financial Officer and Principal Accounting Officer
Age: 59
Chief Operating Officer and Executive Vice President
President of Turbine Technologies Group
Age: 49
Managing Director for Asia Pacific Operations and President of Mining Division
Compensation as of Fiscal Year 2015.

ESCO Corporation Key Developments

Esco Corp. to Close Portland Plant and Lay Off 247 jobs

Esco Corp. announced that it will close one of its two Portland factories, resulting in the elimination of 177 factory jobs and an additional 70 administrative positions. The moves result from the cyclical nature of the commodities business and the high cost of running the plant. The jobs won't be eliminated until the company's main Portland foundry closes in late 2016 or early 2017.

ESCO Corp. Prepares to Shut Down Aging Production Line

ESCO Corp. will lay off as many as 70 full- and temporary employees in Portland later this year as it shutters one of its older production lines. The Portland manufacturer disclosed its plans to give affected workers, many of them long-time employees, an opportunity to adapt before the line closes at the end of the year. The decision affects about 20 full-time employees and about 50 temporary workers in Portland. It specifically applies to a line centered on molding and pouring and upper finishing for small parts. The shutdown will begin in November. Employees will be eligible to apply for other jobs with the company and full-time workers will receive outplacement assistance. All affected workers will be eligible for separation payments.

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