Hardinge Inc. Joins Russell 2000® Index
25 Junho 2012 - 10:00AM
Business Wire
Hardinge Inc. (NASDAQ:HDNG), a leading international provider of
advanced metal-cutting solutions, announced today the Company has
been added to the Russell 2000® Index.
Richard L. Simons, Chairman, President and Chief Executive
Officer commented, “We expect our inclusion in the Russell 2000®
will help to create greater visibility for Hardinge in the
investment community. We welcome the opportunity to educate a
broader audience on our strategy to leverage our strong brands to
capture greater global market share, while we focus on driving cash
generation.”
The annual reconstitution of the Russell 3000® captures the
3,000 largest U.S. stocks as of the end of May, ranking them by
total market capitalization. The largest 1,000 companies in this
ranking comprise the Russell 1000® and the next 2,000 companies
become the Russell 2000®, each as a subset.
About Hardinge
Hardinge is a global designer, manufacturer and distributor of
machine tools, specializing in SUPER-PRECISION® and precision CNC
Lathes, high performance Machining Centers, high-end cylindrical
and jig Grinding Machines, and technologically advanced Workholding
& Rotary Products. The Company’s products are distributed to
most of the industrialized markets around the world with
approximately 75% of its sales outside of North America. Hardinge
has a very diverse international customer base and serves a wide
variety of end-user markets. This customer base includes
metalworking manufacturers which make parts for a variety of
industries, as well as a wide range of end users in the aerospace,
agricultural, transportation, basic consumer goods, communications
and electronics, construction, defense, energy, pharmaceutical and
medical equipment, and recreation industries, among others. The
Company has manufacturing operations in Switzerland, Taiwan, the
United States, China and the United Kingdom. Hardinge’s common
stock trades on the NASDAQ Global Select Market under the symbol,
“HDNG.”
For more information, please visit http://www.hardinge.com.
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