GEFOND believed in this new challenge and started a commercial partnership with Laserax. Laserax produces lasers for industrial marking. Initially created to support the needs of metal traceability in foundries, laser machines are now used in the entire automotive supply. Laserax has become the global automotive supplier of solutions that require high performance and reliable readability. The driving force…

Italian brake maker Brembo (BRBI.MI) raised its full-year revenue forecast on Tuesday, saying it was feeling "braver" about its orders after posting a double-digit percentage increase in the first quarter and lifting its shares. Bergamo-based Brembo said it now expects revenue growth of about 10% in 2023, compared with its previous guidance in March for a mid single-digit increase. Shares in Brembo were up…

Lamborghini has reportedly reached a deal on tax breaks with the Italian government in order to build its upcoming SUV in the country and is expected to make an official announcement on Wednesday. According to people familiar with the matter cited byBloomberg, Lamborghini CEO Stephan Winkelmann and Audi CEO Rupert Stadler will attend a press conference in Rome on Wednesday together with Italy’s Prime…

According to him, the new plant in Piombino will produce "green steel." The CEO said during a war the company devotes its greatest efforts to support the country on its path to victory. "For our Group, this means continuing to pay taxes, providing humanitarian aid and helping the Ukrainian army. Despite the loss of two steel mills, as well as the coking plant in Avdiivka, Metinvest remains the largest…

On this occasion, elections were held for the renewal of the Executive Committee for the 2020-2021 period: Riccardo Ferrario was elected new President of Amafond. He is the General Manager of Idra Group of Travagliato (Brescia area) since 2009, a company that boasts over 70 years of experience in the production of die casting machines and auxiliary equipment, with a background in Fiat Teksid, Meridian…

LOI Thermprocess – a company of the LOI Italimpianti Group – has been awarded by the Russian company ELSI Stalkonstruktsiya a contract for engineering services and the supply of various systems for a new galvanizing plant. The LOI systems will form the core of a new hot-dip galvanizing plant built to the latest standards. The scope of supplies includes the natural gas-fired galvanizing furnace, the…

THE REMAINING 30% STAKE ACQUIRED FROM THE CHINESEPARTNER DONGHUA. THE AGREEMENT LEADS TO THE FULL CONTROL OF THE CHINESE COMPANY AND THE COMPLETE INTEGRATION OF THE NANJING INDUSTRIAL HUB Brembo now owns 100% of Brembo Nanjing Brake Systems Co. Ltd as a result of the acquisition of the remaining 30% stake from the Chinese partner Donghua Automotive Industrial Co. Ltd, for a total consideration of RMB 90…

Brembo this week unveiled a new light brake disc concept, which the company says will create a 10 to 15 percent lighter brake disc, excellent results in terms of reducing fuel consumption and lowering the impact on the environment, the brake systems supplier noted. The new lightweight brake disc was conceived by Daimler AG in partnership with Brembo. The disc combines two different materials: cast iron and…

The plant will include a new aluminum foundry and machining facility capable of producing two million calipers per year destined forthe company's customers in the NAFTA region. The facility will be 334,000 square feet (31,500 square meters) and when fully operational will generate an annual turnover of $120 million (€100 million). Brembo will build a foundry and a new production plant for aluminum calipers…

The Group announces plans to broaden its industrial capacity in Michigan and vertically integrate its production processes. Once construction is completed, the approximately 30,000 square meter facility will have an annual output of up to 80,000 tons. Brembo has announced the construction of a cast iron foundry near its Homer facilities in Michigan, beginning the process of vertical integration of its…