Trade Sep-Oct Interactive - page 5

Goldschmidt Thermit
acquires PortaCo, Inc.
The Goldschmidt Thermit Group, a
company based in Germany that
specializes in welding, acquired 100
percent of PortaCo, Inc., a producer
of hydraulic power units and tools
headquartered in Moorhead, MN
The Goldschmidt Thermit Group has
been represented in the United States
market since 1967, by Orgo-Thermit,
Inc. "The United States are investing
heavily in the new construction and
maintenance of rail infrastructure,
explained Dr. Hans-Jürgen Munding-
er, chairman of the managing board
at the Goldschmidt Thermit Group.
3D Printing –
A Manufacturing Revolution
Additive manufacturing, better
known as 3D printing, has been in
use for over two decades. Unlike
common subtractive manufacturing
procedures, additive manufacturing
prints the object directly into 3D
space, completely eliminating waste
production. With research pioneers,
such as EOS and its printed Stradi-
varius, or Fraunhofer's high-tech
spider robot, Germany accounts for
9.4% of the world's 3D-printing
installations, according to the 2013
Wohlers report on additive manufac-
turing. Currently amounting to $2.2B,
the industry's global revenue is
expected to grow to $10.8B by 2021.
Loewe ‘Made in Germany’
Flops as TV Maker,
Seeks Debt Protection
Loewe AG, the German television
maker responsible for the first public
TV transmission in 1931, applied for
protection from creditors after its
focus on quality “Made in Germany”
failed to revive sales. The company,
which produces exclusively in the
country, filed for creditor protection,
a process comparable to Chapter 11
in the U.S., at the Coburg local court
to help reorganize with the help of
strategic partners and investors,
Chairman Matthias Harsch said in a
statement.
T R A N S A T L A N T I C T I C K E R
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German American Trade Sep/Oct 2013
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