IN FOCUS

The South African subsidiary NETZSCH Southern Africa (Pty) Ltd. has opened a new assembly center for pumps in Durban. In the presence of all employees of the subsidiary and the Global Pump Management Team, a festive opening ceremony was held in mid-November.

Sulzer adds Germany to its group of designated Top Employer 2024 countries, now including Brazil, China, Germany, Switzerland, the UK and the USA. The Top Employers Institute surveys and independently audits companies seeking Top Employer recognition, rating them against the top international standard in several categories.

The production of cultivated meat is based on known biotechnological processes that are identical to those used in other large-scale applications for cell culture technology. For this future market, GEMÜ offers complete valves, as well as measurement and control systems, from a single source.

The Board of Directors of Atlas Copco AB has appointed Vagner Rego as the new President and CEO of Atlas Copco Group, effective May 1st, 2024. He will replace Mats Rahmström who has, as previously communicated, requested to leave his position after successfully leading the Group since 2017.

The German drive specialist Flender announced on January 9, 2024 that it has been awarded the platinum medal by EcoVadis, the world’s most renowned provider of sustainability ratings for companies. This places Flender among the top one percent of companies evaluated by EcoVadis.

The gearbox specialist Neugart, headquartered in Kippenheim, Baden-Wurttemberg, Germany is responding to the challenges of the international mechanical engineering industry by adjusting its management structure: for the first time in the company’s almost one-hundred-year history, Swen Herrmann and Holger Obergföll are the company’s two managing directors who are not members of the owner families.

The Ingelfingen-based technology company GEMÜ is being awarded the title of “Global Market Leader” for yet another year, earning the distinction “Champion 2024” as part of the global market leader index of the University of St. Gallen and the Academy of German Global Market Leaders.

Watts Water Technologies, Inc. announced on January 2, 2024 that it has completed the previously announced acquisition of Josam Company (“Josam”), a leading provider and manufacturer of drainage and plumbing products for over 100 years.

At the upcoming Annual Shareholder’s Meeting on 17 April 2024, the GF Board of Directors is to propose Annika Paasikivi for election as new board member.

According to a new report published by Allied Market Research, the submersible pumps market size was valued at $12.7 billion in 2022, and is estimated to reach $24.4 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.