Industrial Solutions segment
This segment accounted for 33% of consolidated sales and 22% of segment income. A
group of diverse businesses, Industrial Solutions was divided into three major sub segments: Air
Solutions, Engineered Solutions, and Dresdner-Rand. Air Solutions made such products as
motion-control components, gas and other compressors, and fluid products. In 2002, Air
Solutions reported revenues of $1.3 billion. Engineered Solutions, with sales of $1.2 billion,
comprised IR’s worldwide operations relating to precision bearings and motion-control
components. Dresdner-Rand, with sales of $1.024 billion, produced energy-conversion
technology for the oil, gas, and chemical industries.