Market and market position

Germany, with its advanced market-leading mechanical engineering and automation industries, remains Industrial Drive Systems’ major market. The business unit is European market leader in the permanent magnet spring brakes.
Additional attention is being devoted to the enhancement of the spring-pressure brake operations, whereby Kendrion intends to play the role of problem-solver for specific customer needs and questions and, in so doing, distinguish the company from the market for standard products.
Industrial Drive Systems is still a niche player in the USA and China, nevertheless, the business unit has succeeded in achieving remarkable growth figures in Asia during the past two years. It is hoped that this achievement can be repeated in the coming years. The operations in the USA will be expanded energetically via the new Kendrion factory in Mishawaka, Indiana.
The increasing use of technology for the generation of sustainable energy, a global trend, opens an attractive new segment of the market to the business unit. Industrial Drive Systems possesses the technology required to develop suitable products for this segment. A number of new projects have already been initiated and Kendrion expects the first results in 2009.