Originally created 08/03/97

Greenfield Industries makes drill bits



Metropolitan Augusta has a huge manufacturing base that provides thousands of jobs in the area. This Augusta Chronicle series offers some information on various manufacturing companies in the area. The information was provided by the companies. Today, we take a snapshot of Greenfield Industries.

Company name in metro Augusta - Greenfield Industries.

Name of plant manager or person in charge locally - Paul W. Jones, president and chief executive officer

Address of local operation - 470 Old Evans Road, Evans 30809.

Phone and fax numbers - Phone: 863-7708; Fax: 854-4086

E-mail or World Wide Web page address - gfii.com

Parent company - It is the parent company, with more than 35 plants in North America, including Augusta, and the United Kingdom. Corporate headquarters: Suite 100, Building 100, 2743 Perimeter Parkway, Augusta 30909

Chief executive officer, president and chairman - Mr. Jones, CEO/president; Donald E. Nickelson, chairman of corporation board

Number of local employees - 500; more than 5,000 worldwide

Products produced locally - drill bits.

Brand names produced locally - 47 brand names including Diston, Sears Craftsman and others

Market for products - consumer and industrial

Functions of local operation(s) such as complete manufacture, assembly, sales, design, shipping, administration - corporate headquarters; industrial products group's headquarters, sales, marketing, research; electronics group's headquarters, technical support.

Stock symbol, exchange traded, recent closing price:GFII, Nasdaq Stock Market, $28 as of July 30

Annual meeting date, time and place:May 6, 1997, in Augusta

Analysts that follow the company or industry, trade magazines, trade associations - Industrial Distribution, Today's Distribution, Cutting Tool Engineering

Recent new products, innovations, markets, plant expansions or other developments - recent merger of Rule Industries and addition of marine products and teeth for construction trenching machines

Primary raw material used - steel, carbide

Most critical factor for the future - continued growth in a mature market.