Industry Updates from MPMA Members

Frankfurt/Germany, 05 December 2024 - The recent EUROTRANS General Assembly in Bad Homburg, Germany, on 29 November 2024, was highly productive, bringing together participants from 10 countries. We extend our heartfelt thanks to our host Mr. Fabian Maurer, Ringspann GmbH, Bad Homburg, and his team for their hospitality. Key highlights of the assembly included an overview of the current economic situation in Europe and a round table discussion about the present relationship with China. Dr. Fuhrländer-Völker from TU Darmstadt delivered an insightful presentation on Industry 4.0, outlining exciting future possibilities. Meet our new President and Vice-President The agenda also featured the election of the new President and Vice President, which occurs every four years. We express our gratitude to Salim Haffar for his dedicated service as the outgoing EUROTRANS President, during which he significantly raised the committee's global profile. It is our honor to introduce our new President, Andre Thuswaldner, NOVAGEAR Switzerland, who previously served as Vice President. We also welcome our new Vice-President, Lorenzo Cattini, Cattini e Figlio, from Italy. Dirk Decker from VDMA, Germany, was confirmed in his position as General Secretary. In their introductory speeches, both the new President and Vice President emphasized the importance of standing together in this European network due to the current economic situation. The revenue forecast for 2024 is projected to be between -5% to -10%, depending on the European member. For 2025, a stagnation to a slight decline is anticipated.

The mobility and energy transition brings along new challenges for the finishing of gears and profiles. As part of the "Trust in Technology" campaign, KAPP NILES has already presented innovative solutions for electromobility. From 2025 onwards, attention will now be increasingly focused on wind power applications.

NORTH CANTON, Ohio, Dec. 4, 2024 -- The Timken Company, a global technology leader in engineered bearings and industrial motion, has been recognized by Newsweek and Statista Inc. as one of America's Most Responsible Companies for the fifth year in a row. This honor reflects the company's continued commitment to improve the lives of individuals and communities, benefit the planet and strengthen its business through corporate social responsibility (CSR).

November 2024 ‐ Rancocas, NJ – Inductotherm Group is proud to announce the appointment of Mick Nallen and Satyen Prabhu as Co‐Leaders, effective July 1, 2024. This strategic move is part of our ongoing commitment to fostering innovative leadership and ensuring the continued success of our company.

Pleasant Prairie, WI – November 14, 2024 - On November 7th, ECM USA’s Vincent Lelong presented low pressure carburizing with vacuum furnace technology at Purdue University's School of Materials Engineering undergraduate seminar. This seminar regularly features industry speakers, some of whom are members of the Purdue Heat Treating Consortium.

Miami, FL - The Spain-US Chamber of Commerce in Florida is proud to announce that the recipients of the 2024 Ponce de León Awards for "Company of the Year" are Iberdrola and its U.S. subsidiary, Avangrid and the "Executive of the Year" is Alejandro Pardiñas, CEO of ABS, recognizing their exceptional contributions to energy innovation and industrial leadership.

Hudson, WI: Croix Gear, a recognized leader in custom-manufactured loose gears, proudly announces the addition of Tom Marino as Sales Representative for the West Region. With nearly 40 years of industry experience and strong relationships across the gear manufacturing sector, Mr. Marino will play a key role in meeting the diverse needs of Croix Gear’s customers in the Western United States.

Roscoe, IL (October 22, 2024) – Forest City Gear, an industry-leading manufacturer of fine- and medium-pitch custom gears, is pleased to announce the groundbreaking of new warehouse on October 21.

Looking to get more from your gearboxes? This webinar is the place to start.

ITAMCO is pleased to announce that it has become a 100% employee-owned company through the creation of a new ESOP (Employee Stock Ownership Plan). “We’re excited to become a 100% employee-owned business,” said Gary Neidig, President of ITAMCO.