Gates Industrial Corporation plc


GTES

Price

15.5


Change

-0.06


High

15.97


Low

15.38


Avg Volume

463,036


PE Ratio

17.78


52 Week High

18.94


52 Week Low

14.06



Profile

Gates Corporation, based in Denver, Colorado, is a manufacturer of power transmission belts and fluid power products, which are used in diverse industrial and automotive applications. The company employs over 14,000 and has sales and manufacturing operations in North and South America, Europe, Asia, Australia, and the Middle East. On October 1, 1911, Charles Gates Sr. purchased the Colorado Tire and Leather Company located in Denver, Colorado beside the South Platte River. Colorado Tire and Leather Company made a single product, the Durable Tread, a steel-studded band of leather that motorists attached to tires to extend their mileage. In 1917, the company began phasing out leather in favor of rubber and Charles Gates changed its name to the International Rubber Company.


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