Parker Corporation develops, manufactures, sells, and provides technical services for industrial fine chemicals, sealing materials and adhesives, soundproofing materials, and machinery and equipment in Japan and internationally. It also imports and sells machinery and equipment. The company offers fine chemicals for industrial use, including cleaning agents and rust prevention products, as well as advanced chemicals for electronics and printing, and special chemicals for the automotive, railway, and aircraft aftermarket. In addition, it develops and sells industrial sealing materials and adhesives, and manufactures and sells soundproofing materials for automobiles, light electrical applications, and air conditioners. It also develops, designs, manufactures, and sells industrial machinery, serving industries such as automobiles, machinery, chemicals, steel, manufacturing, shoemaking, and food. Formerly known as Parker Shoji Co., Ltd., it changed its name to Parker Corporation in August 1988. The company was incorporated in 1951 and is based in Tokyo, Japan.