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202251: WASHER FOR CASCADE 202251: Washer For Cascade

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Cascade

Early Years and expansion

Cascade Manufacturing Company has been founded in 1943 with a small capital investment of 7500 dollars in Portland, Oregon as a small shop for just four employees. First recoded sales revenues involved the machining and assembly of stainless steel valves and pipe fittings. Sales for the first year have come up to 60,000 dollars.

In 1948 after 5 years of operations, annual sales have been up to $330,000 and company has grown to 40 employees. The design and production of the first hydraulic cylinder has put Cascade into a pursuit of new business opportunities. In 1950's, Cascade has begun to design, manufacture and selling hydraulic attachments. In 1956's at the headquarters was built located in Portland, Oregon it was meant to house all plant and offices. After 15 years in business sales have went up to $2.3 million and the employment went to 180 people. In 1959, Cascade broadened its base of operations with a second manufacturing plant in Springfield, Ohio. The next year has marked Cascades move into global manufacturing and has established companies in Netherlands, England and Australia.

1967 Cascade has opened a secondary operation in South Africa and acquires C.M Scott Fluid power, LTD a Canadian manufacturer of hydraulic cylinders located in Toronto, Ontario. In 2005, China has become the 3rd largest national lift truck market right behind US and Japan. To keep our current market position in the Chinese market, Cascade expanded their capacity of Chinese fork facilities and makes significant investments in Xiamen and Hebei. In 2005 Cascade has also agreed to be a distribution for a facility in Santos, Brazil.

Economy and market decline

In 1982 a severe economic recession has hit both US and Europe in a decline of 25 % consolidated net sales. The Employment levels were reduced from 1175 to 750. 2009 was the most difficult and challenging in 67 years of the company’s history. Due to the precipitous drop in our markets, and in particular the European market, Cascade experienced the second annual loss in our history. Net Sales dropped to $314 million. AS a result of the downturn, Cascade was forced to shut down fork plants in France and Germany, and the plant in Europe (Almere, the Netherlands) which was the headquarters was also shut down. All European attachment manufacturing operations are consolidated in our Verona, Italy attachment plant. North American and Asia Pacific we're the only operations who remained profitable and at an operation level despite market declines of 40 % and 35 %. Chinese operations also remained very profitable throughout the year in very harsh market condition. In June, Cascade make a risk and opened a sales office in India, starting with one employee. (rather than an agent as previously done).

The most significant and unexpected event in 2011 was a massive flood that struck the Queensland area of Australia. Even entire first floor was flooded team members from around the globe were sent to help and ensure that customer orders were not afflicted by the flood.

Final words

From the beginning as a small shop in the early 1940's to a leading worldwide manufacturer that Cascade is today. Cascade continues to grow as a leader supplier of lift truck attachments and related products.