EuroWire May 2022

Corporate News

Madem announces second North America plant Nailed wooden reel manufacturer Madem Reels Group is to expand its presence in NorthAmerica. Following agreement from the shareholders of Madem-Moorecraft Reels USA, Inc, a new manufacturing, assembly and distribution plant will be opened in Denton, Texas. The initial investment includes CNC lines, and will create more than 100 new jobs. Annual capacity is expected to reach 1,200 truckloads of knock-down reel kits per year. Madem is to open a second US facility

“Madem Group is successfully shaping another important project through excellence in streaming its core competencies,” said president Marcos Ramalho. Steve Redhage, vice-president sales, added, “The new Denton plant represents our latest commitment to increase production capacity and expand our North American distribution network.”

Madem Group has its headquarters in Brazil, where it also has its own renewable forests, sawmill and manufacturing facilities that support partners in the USA, Bahrain, Colombia, Mexico and Spain. Madem Group www.mademreels.com

This will be the company’s second manufacturing plant in North America, following the initial plant located in North Carolina. Operations are scheduled to begin this year, with assembly and distribution beginning in Q2, and manufacturing set for Q4.

Technetics is now Altamira Material Solutions Technetics PTFE & Polymer Solutions (also known as Technetics Group Houston) has been acquired by Edgewater Capital Partners, and its new name is Altamira Material Solutions LP. ing services for the fluoropolymer indus try. Changes in organisational structure will allow the company to focus more on its core business and improvements in processes to support customers.

leading PTFE products with our new partner Edgewater. We have a big vision for the future and expect to achieve great things together. This partnership is a win for our employees and customers. We couldn’t be happier with the opportunity to work together toward a bright future.” Altamira Material Solutions LP www.altamira-ms.com

Andrew Bastian, general manager for Altamira, stated. “The team Altamira Material Solutions is excited to build on our 50-year history of supplying industry

The acquisition includes two PTFE and polymer processing facilities in Houston, Texas, USA, and one location in Hatfield, Pennsylvania that provides chemical etch

Castor for Single Pair Ethernet cable

on-the-line linear Resistance measuring systems

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May 2022