Difficult general conditions, rapidly rising food and fuel prices, as well as the ongoing coronavirus pandemic and related regional lockdowns weighed on economic development and slowed economic growth in the past business year. Nevertheless, Liebherr’s total revenue increased significantly compared to the previous year. The group achieved increased revenue in 10 of its 13 product segments, some of them significant. It thus surpassed its previous record from 2021 by €950 million.

Continental offers the CONTI ConveyorInspect drone-based inspection system to allow operators to easily know the condition of their belts and idlers, quickly locate the exact position of failing idlers, and track changes in rotating components over time. With this real-time reporting, operators can better estimate their system’s component life and plan their maintenance. This helps prevent costly damage of conveyor system components and minimizes downtime.

AD announced that its owner/members elected three directors to its board of directors.
Each year, the AD board’s Nominating & Governance Committee holds an open nomination and voting period, during which AD members select members to its board of directors. Currently, more than 140 of AD’s 850-plus member companies provide leadership on corporate and divisional boards and committees.

The American Gear Manufacturers Association (AGMA) has changed its board of directors. These changes took place at the 2023 AGMA Annual Meeting in Lake Buena Vista, Fla.

PTE will feature a variety of new component technologies online for bearings, motors, couplings, brakes, gear drives, and motion control systems leading up to Hannover Messe 2023 in Germany. Here is a preview of some couplings suppliers to check out if you're planning on attending the event online or in-person in April.

There is an increasing trend toward integrating evermore compact smart components into larger, more complex motion control systems, and advances in AI, ML, and IIoT are helping with the speed and quality of their adoption.

The following article is a collection of products and technologies featured at IFPE and CONExpo/CONAGG 2023. 

Siemens Mobility will expand its manufacturing footprint by building a $220 million advanced manufacturing and rail services facility in Lexington, NC. The facility will create more than 500 new jobs and be one of the city’s largest employers. With the increased production capacity, Siemens Mobility will fulfill the growing demand for passenger rail in America by producing some of the most innovative and sustainable passenger trains in the North American market.

This year, the opening speech at the WomenPower Career Congress will be delivered by Dr. Ariane Reinhart, a member of the executive board at Continental AG – a company at which 25 percent of all management positions are slated to be filled by women by the year 2025. On this five-member executive board, two out of five positions are already held by women – a top figure among companies listed on the German DAX stock exchange.

The International Fluid Power Exposition (IFPE), Las Vegas March 14-18, is where fluid power professionals meet to discover highly engineered solutions for improving mobile and industrial equipment's efficiency, performance, and sustainability. Attendees will also learn about the latest technology available to the industry and network to discuss and combat the most pressing industrial challenges.