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Schaeffler AG and GKN Powder Metallurgy announce their joint commitment to advance the development of the permanent magnet industry in Europe and North America through a memorandum of understanding. GKN Powder Metallurgy will supply Schaeffler locally with permanent magnets with the aim to ensure a stable, local supply whilst improving sustainability and transparency in the supply chain.
WEG recently announced, through its indirect subsidiaries abroad, the acquisition of the industrial electric motors and generators business of Regal Rexnord Corporation, a global manufacturer of electromechanical equipment. The acquisition value is $400.0 million, subject to common price adjustments for this type of transaction.
Transport for London (TfL) recently celebrated the launch of its 1,000th zero-emission bus – a StreetDeck Electroliner that entered service with Metroline at its Edgware garage, manufactured by Wrightbus and equipped with the Voith Electrical Drive System (VEDS). TfL plans to have its entire bus fleet operating with zero emissions by 2034.
ZF recently introduced the new AxTrax 2 LF electric portal axle for low-floor city buses. The new axle represents ZF’s latest e-Mobility evolution, offering improved performance to further support the commercial vehicle industry’s transformation towards a more sustainable future. The series production of AxTrax 2 LF is set to commence in 2025.
The electrification movement has the potential to significantly impact the industrial motion industry in several ways, as industries seek to reduce their carbon footprint, increase energy efficiency, and adopt more sustainable practices. The movement could lead to advancements in energy storage solutions for motion systems, ensuring consistent and reliable operation.
The Society of Tribologists and Lubrication Engineers (STLE) — the technical society for individuals in the field of tribology and lubrication engineering — is hosting a co-branded event, the 2023 STLE Tribology Frontiers Conference (TFC) and Tribology & Lubrication for E-Mobility Conference, on November 12-15 at the Cleveland Marriott Downtown at Key Tower in Cleveland, Ohio.
GT and PTE Presents "Ask the Expert Live," taking place October 17-18 during the Motion + Power Technology Expo at Huntington Place in Detroit.
This year, rather than focusing on gear basics or the more technical aspects of gear design and manufacturing, we’ve decided to address some of the issues that you’ve told us are most significant to you—the things you’re struggling with, the questions you’re hoping to find answers for, and the troubles that keep you up at night.
Perkins, a global manufacturer of advanced power solutions and diesel-engine powerhouse, has rebranded to better reflect its commitment to helping customers confidently challenge conventional wisdom and explore new ways to achieve their power and climate-related goals.
Schaeffler, the motion technology company, and Swedish startup H2 Green Steel have decided to intensify their already close partnership. The two companies made the decision in the course of a recent equity funding round, in which Schaeffler agreed to invest a further 65 million euros, a significant increase that takes its total stake to 100 million euros. That’s the most equity Schaeffler has ever put into a minority stake in another company. As a strategic technology partner of H2 Green Steel, Schaeffler will channel its know-how into the development of new steel products, such as green e-steel for electromobility. In addition, the two companies will jointly develop new applications for the use of sustainable rolling bearing solutions in production. The aim is to maximize the efficiency of production through the use of first-rate components and integrated condition monitoring solutions. The two companies will also benefit from each other’s expertise in the areas of digitalization and circular economy.
Nord supports companies in undertaking the use of high efficiency electric motors funded by a program of the Federal Office for Economic Affairs and Export Control (BAFA) and thus taking an important step towards energy efficiency and sustainability. Funding is available for both drives in new plants and conversions to more efficient systems, with up to 40 percent of the investment costs being covered.