LeTourneau Technologies

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LeTourneau Technologies, Inc. was an American manufacturer of heavy construction equipment founded by R. G. LeTourneau. In 2011, the company was acquired by Joy Global.

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History

LeTourneau tree crusher, Long Binh Post, South Vietnam 27 September 1967 LeTourneau tree crusher, September 1967.png
LeTourneau tree crusher, Long Binh Post, South Vietnam 27 September 1967

R. G. LeTourneau, also the founder of LeTourneau University, founded R. G. LeTourneau, Inc. in 1929 in California as a contractor of earthmoving equipment. LeTourneau manufactured products in Longview, Texas. [1]

During World War II, the company provided 70% of the Allies' earthmoving equipment. In 1954, it built the first jack-up drilling rig. In 1955, it made the first log-stacker machine. In 1965, the company made the first straddle carrier.[ clarification needed ]

LeTourneau had spent the early 1950s perfecting a sort of diesel-electric drivetrain for multi-wheeled heavy-machinery. The system – somewhat similar in concept to the sort used on many locomotives – used a combustion engine to spin an electric generator. This generator would send its power to hub motors mounted to each wheel of the vehicle, allowing for multi-wheel-drive without differentials, driveshafts, or the drivetrain losses associated with them.

For the Distant Early Warning Line (DEW line) project, Western Electric and Alaska Freightlines, with the help of TRADCOM (U.S. Army Transportation Research and Development Command), contracted to have a pair of off-road over-land trains, the TC-264 Sno-Buggy, designed specifically for Arctic conditions, to be built by LeTourneau Technologies. The TC-264 Sno-Buggy was the longest off-road vehicle ever built at the time, with its six cars (including the locomotive) measuring a total of 274 feet. Each car was driven by four 7.3 foot-tall wheels and tires. The 24-wheel-drive was powered by two 400 horsepower Cummins diesel engines connected to a hub motor. It had a payload capacity of 150 tons, and could traverse nearly any terrain. It had a very successful first season hauling freight to the DEW Line. [2]

In 1970, just after the death of the founder, the company was sold to Marathon Manufacturing Company and was renamed Marathon LeTourneau Company.

In 1994, Rowan (now Valaris Limited), which had used the company to manufacture its drilling rigs, acquired the company from General Cable for $50 million. [3] [4]

In 2011, Rowan (now Valaris Limited) sold LeTourneau Technologies to Joy Global. [5] Joy Global subsequently sold LeTourneau's Drilling, Marine, and Power divisions to Cameron International. [6]

In 2016, Keppel Corporation acquired LeTourneau Offshore Products (jackups, cranes, and elevating units) from Cameron, while Cameron retained the LeTourneau Drilling Products division. [7]

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References

  1. "Komatsu: Who We Are". Komatsu Limited.
  2. Holderith, Peter (25 May 2020). "The Incredible Story of the US Army's Earth-Shaking, Off-Road Land Trains". the drive.com. Retrieved 30 May 2020.
  3. "ROWAN COMPANIES INC, Form 10-K, Annual Report, Filing Date Mar 16, 2005". U.S. Securities and Exchange Commission.
  4. "Rowan Buys Marathon LeTourneau From General Cable". AP News . November 10, 1993. Archived from the original on August 1, 2019. Retrieved August 1, 2019.
  5. "Rowan Announces Agreement to Sell LeTourneau Technologies, Inc" (Press release). PR Newswire. May 16, 2011.
  6. Koyitty, Bijoy (August 31, 2011). "Joy Global sells LeTourneau's drilling unit; shares up". Reuters .
  7. Furr, Laura (August 31, 2015). "Cameron sells offshore rig business". American City Business Journals .

Further reading