TOROMONT SWOT ANALYSIS
OverviewToromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO.
Estimated Markets: $5 billionPrimary End Markets: Road building, mining, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, waste management
Headquartered in Toronto, Ontario, CIMCO operates through 23 locations across Canada and the United States. CIMCO Refrigeration is Canada's largest supplier of
industrial and recreational compression equipment Industrial refrigeration applications include the
food, dairy, cold storage and beverage segments. Recreational ice surfaces for various sporting such
as hockey, curling, skating and other unusual ice surfaces.
In 1961, eight private investors came together to form Toromont Industrial Holdings Ltd.
Toromont's first Chairman was a former governor of the Bank of Canada.
In 1968, the company's stock was listed on the Toronto Stock Exchange under the ticker symbol TIH - the same symbol used today.
HISTORY
One of Toromont's businesses - CIMCO Refrigeration - was founded in 1913.
Toromont became a Caterpillar dealer in 1993 with the acquisition of the assets of an Ontario Caterpillar Dealership
Battlefield - The CAT Rental Store was
acquired in 1996 and since that time has grown from one location, to thirty-seven.
HISTORY
Internal
Products Mix: Delivers specialized capital equipment to
a diverse range of customers and industries
Represents product lines that are considered leading and generally best-in-class from suppliers and business partners
Profitability:
serves diverse markets that offer significant long-term potential for profitable expansion
Strength Highlights
Internal
Each operating group strives to achieve or maintain leading positions in markets served
Profitability:
serves diverse markets that offer significant long-term potential for profitable expansion
Each operating group strives to achieve or maintain leading positions in markets served.
Strength Highlights
Internal
Profitability:
Toromont's parts and service business is a significant contributor to overall profitability and serves to stabilize results through economic downturns.
well-capitalized balance sheet creates security and financial flexibility not dependent on any single customer or industry
Strength Highlights
Internal
Workforce
The combined knowledge and experience of people is a key competitive advantage.
A highly principled culture
Use of technology
Differentiator in the marketplace
Selective investments in technology, inclusive of e-commerce initiatives
Strength Highlights
Internal
Vulnerability to single source equipment supply dependent on the continued market acceptance
of Caterpillar's products Not having its own training facilities Regional presence in Canada and the USA only Reliance on economic conditions,
- construction, roads building
WEAKNESS HIGHLIGHTS
OPPORTUNITIES HIGHLIGHTS1.Solid Growth Opportunity in Diverse Markets(1)Growth In Mining Installed Base
OPPORTUNITIES HIGHLIGHTS1.Solid Growth Opportunity in Diverse Markets(2)Infrastructure Investment Grows
OPPORTUNITIES HIGHLIGHTS2.Ways of Expand Opportunities(1)Improve Technology Service
A new system concept that capitalizes on the combined strengths of carbon dioxide and ammonia
Caterpillar chose Toromont as a phase one dealer in its global rollout of the new product family
OPPORTUNITIES HIGHLIGHTS 2.Ways of Expand Opportunities(3)Product Support Battlefield - The CAT Rental Store was
acquired in 1996 and since that time has grown from one location, to thirty-seven.
Digital Services
SWOT MarixStrategies EXPAND MARKETS
STRENGTHEN PRODUCT SUPPORT
BROADEN PRODUCT OFFERINGS
INVEST IN RESOURCES
MAINTAIN A STRONG FINANCIAL POSITION
External
Product sourcingmarket position in the future.GlobalizationDemographic trendsCredit Risk Environmental legislationLegal and Other Contingencies
THREAT HIGHLIGHTS
http://www.toromont.com/
http://www.toromontcat.com/
http://www.battlefieldequipment.ca/
http://www.toromontenergy.com/
http://www.cimcorefrigeration.com/
REFERENCES
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