Ingersoll Rand makes efficient and reliable blowers and compressors for industrial applications that are up to 60% more efficient than comparable machines. Their products are also used in wastewater treatment applications. They meet the goals of clean water and sanitation as well as responsible consumption and production.
Case Western Reserve University - Weatherhead School of Management
Ingersoll Rand may not be a company that exists in the public eye, it is a manufacturing company, one that makes equipment for industrial and commercial applications, but they do make an impact on the world and are an exemplar for how a business should be run. Ingersoll Rand makes industry-leading products that win over the competition in efficiency and reliability, which creates both an economic and environmental benefit.
The company is all about mission-critical, flow creation, highly engineered products. They manufacture compressors, blowers, vacuums; any device that changes the flow of a process. An example of an innovation they have pursued is its highly efficient blowers in Wastewater Treatment (WT) facilities. Eighteen months ago, Ingersoll launched a new type of technology for blowers. It lowers energy consumption by more than sixty percent. So the change in improving the energy efficiency in a WT facility has been dramatic.
Another example of how we look into sustainability is the design of products. They look into the number of processes it takes to build that product. In other words, looking at the overall carbon footprint that it takes to produce the new products we’re making. Their engineers are designing a lot of new technology to optimize their energy efficiency; like the blowers. At the same time, they look at materials and they work with suppliers to find ways to recycle any material that doesn’t get used to make the products.
HIBON High Performance blower
Vincente Reynal, the CEO of Ingersoll Rand, has had a very lively career in industry. First named the CEO of Gardner Denver, Vincente grew that company to a point where it attracted the attention of the largest players in the industry. Reynal valued innovation and quality, and under his leadership, the company soon merged with Ingersoll Rand to become the second-largest manufacturer of blowers and compressors in the world. Reynal holds advanced degrees in both engineering and management from the Massachusetts Institute of Technology. He is considered by his peers to be an expert in team leadership, strategy, and lean manufacturing. Aside from being a career CEO Reynal engages in a number of mindfulness practices, valuing meditation, exercise, and family bonding. Reynal has been at the helm of multi-billion dollar companies for over five years.
Ingersoll Rand is an innovator in the blower and compressor market, for their industrial arm, they make some of the most efficient blowers on the market. The application of these machines is found primarily in wastewater treatment plants. It is because of this that we believe that Ingersoll Rand is a good example of a business helping to meet the UN Goal of availability and sustainable management of water and sanitation for all. With machinery that can lower the energy consumption of the water treatment process by up to 60%, Ingersoll Rand is demonstrating that their products have immense value to our infrastructure. IR also makes a commitment to the planet, with an eye on their carbon footprint, Ingersoll Rand invests heavily in their engineering, with the goal to make the most efficient and reliable machinery on the market.
Although Ingersoll Rand has suffered a hit to its valuation in recent times due to the pandemic, investors are still optimistic and consistently suggest that Ingersoll Rand stock should be purchased and held. Reynal has never lost a position in leadership and has proven to be a strong leader in times of good and in times bad. Ingersoll Rand brings value to 30 different industries, offering crucial equipment for everything from pharmaceuticals to cosmetics to DIY home projects. Under the careful strategic guidance of Reynal, Ingersoll Rand has continued to expand its support for industries through a number of mergers and acquisitions.
Ingersoll Rand is a company that serves large industrial operations, but its CEO made it no secret that his firm still values its people and its social responsibility. Although they have yet to make their social commitments public, Ingersoll Rand has ethical hiring practices and strives to create a diverse and welcoming environment for all the employees in their organization. By making efficient and reliable equipment Ingersoll Rand has a lower environmental impact.
Vincente Reynal, CEO
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Milwaukee, Wisconsin, US
Business Website: https://ingersollrand.com
Year Founded: 1859
Number of Employees: 5001 to 10000
Ingersoll Rand is a manufacturing company that makes compressors and blowers as well as some commercial and consumer power tools. Most of their products are used in large-scale industrial applications.