INDUSTRY NEWS Trumpf founds its own bank T


he world’s first universal bank for the mechanical engineering sector – From the real economy,


for the real economy The laser and machine tool manufacturer Trumpf is the first company in its sector to found its own bank, complete with all competencies. The bank bears the name Trumpf Financial Services GmbH, and, in future, will offer customers and employees a broad range of financial services. It is the first bank to have been founded in Baden-Württemberg for three and a half years.


A manufacturer’s own deposit bank - so far only familiar from the automotive industry - is a global novelty in the mechanical engineering sector. “With this step we are showing once again that we are highly innovative, not only in technology but also in other sectors,” said Trumpf’s President Dr. Nicola Leibinger- Kammüller, adding: “We certainly have industry-specific advantages – we are closer to our customers than many traditional bank representatives, we are active in


deposit and savings accounts available which offer attractive investment opportunities beyond the company pension scheme. With the foundation of this bank,


Trumpf’s President Dr. Nicola Leibinger-Kammüller


the real economy, and we provide for reinvestment in the German mechanical engineering sector.” Being licensed as a universal bank, will enable the company to offer entirely new products in the future for everything relating to sales financing, lending, and business startups – not only in Germany, but throughout Europe. This is because a full banking license also includes the so-called ‘EU passport’, enabling services to be offered across borders without the need for separate authorization procedures. “With our financing


solutions, we can now accompany our customers in their markets right across the EU,” says Harald Völker, Chief Financial Officer of the Group. “At the same time we are making ourselves less dependent on other sources of refinancing.” Despite the universal license, the Bank will remain a special bank with industry-specific expertise, appealing primarily to customers in the manufacturing technology sector. Company employees will also benefit from the banking license: during the course of the year there will be daily, fixed-


Valve World Expo 2014 boasts 5% space increase


With exhibition space of more than 16,000 square metres already sold, and, 522 exhibitors from 35 countries confirmed, the third Valve World Expo in Düsseldorf - 2 to 4 December 2014 is fully booked. The fair presents valves and fittings along with all relevant components and parts, actuators and positioners, pumps, compressors, engineering services and software.


Exhibition halls 3, 4 and 5 will be occupied, and both North and South entrances will be open. Traditionally, European companies from the UK, Italy, Spain, the Czech Republic, Turkey, France, Belgium, the Netherlands, Finland,


Poland, Russia and Germany are represented in great numbers. Many exhibitors travel to Düsseldorf from overseas countries such as the United States, India, China, South Korea and Taiwan to attend the trade fair and the


congress. Once again, the Valve World Conference will take place at the same time!


What’s new? The conference has been incorporated into the layout of Hall 4. and workshops on a variety of topics will be offered In addition to the lectures. Experts from around the globe will be on-hand to interact, and engage conference participants, on the innovations from the dynamically growing valve technology segment and related upstream and downstream technologies.


For more information on Valve World Expo t:+49 (0)211/4560-541


www.internationalmetaltube.com


the group now stands out from the crowd – and that applies not only to sectors where high-tech companies usually operate but also the leasing sector. In view of the steady increase in regulatory requirements for the leasing sector in recent years, a growing number of companies have canceled their licenses. Trumpf, in contrast, has decided to pre-empt this tighter regulation and to operate directly as a universal bank under the strictest supervision. Ever since 2001 they have provided sales financing via their own leasing company, which has operated since October 2012 under the name of Trumpf Financial Services GmbH. In 2007 a second leasing company, Trumpf Finance Switzerland, was added; due to other conditions it is also active worldwide in cross-border business. Currently, customers in 22 countries are making use of their financing models, and there are cooperation partners in eleven countries.


R-R add a


lean manager to the team


Roll-Kraft is pleased to announce the addition of Kevin Hartman to the position of Lean Manager. Kevin has previously held leadership positions in operations at several manufacturing firms. He holds a Six Sigma Green Belt certification. As a member of the management


team, he will lead and develop the company’s lean initiatives in pursuit of streamlining its processes and scaling the company for growth. His education includes a BSc degree in business administration from Miami University in Oxford, Ohio, and a Master’s degree in the subject from Case Western Reserve University in Cleveland, Ohio.


IMT April/May 2014 7


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