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I.

Permco History

1964 Perfection Machining Company


Location: Cleveland, OH
Size: 1,000 Sq. Ft.
Products: Replacement parts for mining machinery
A. Shafts B. Gears C. Misc. parts

1968 Name Change: Permco, Inc.


Location: Streetsboro, OH
Size: 2,800 Sq. Ft.
Products: Same as above

1970 Abrasive Machine formed


Location: Streetsboro, OH
Products: Grinding of Permco products

1972 Permco moved to Frost Rd. location


Size: 33,000 Sq. Ft.
Products: Shafts, Gears, Misc. parts

1974 Permco expands production into cast iron parts

1978 Received patent on Diverter Plate


Products: Start to assemble complete units

1980 Received patent on Bi-Ro Diverter Plate

1982 Built new offices and warehouse after fire


Warehouse: 12,000 Sq. Ft.
Office: 8,000 Sq. Ft.

1983 Permco AG formed to service European markets

1985 June 1985, Shell family and key individuals bought out Shumates

1990 Abrasive Machine operation moved to Permco complex

1995 Built manufacturing addition of 10,000 Sq. Ft. Streetsboro

1998 Permco Tianjin formed to service Asian markets


Tianjin, China
Warehouse and Manufacturing: 7.200 Sq. Ft.
Office: 4,200 Sq. Ft.

2003 Received patent on relief valve for Gemini System

2004 Built warehouse addition 11,000 Sq. Ft. Streetsboro

Page 5 of 158 5/13/2010

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