Bernd Neugart New Chairman of the Board of the Power Transmission Engineering division of the VDMA Association

At their regular meeting in Frankfurt, the member companies of the Power Transmission Engineering division of the VDMA Association elected Neugart Managing Director Bernd Neugart as the new Chairman of the Board. In this honorary function, he now represents the interests of more than 200 companies in the industry.

"With the industry facing issues of sustainability and climate protection as well as the broad subject of digitization, opportunities are opening up for promising products and technologies in ever new areas of application," stated Bernd Neugart regarding the future of power transmission engineering and drive technology.
"This is where we, as a trade association, are committed to our members and want to expand our network and service portfolio even further."

Within the German Engineering Federation (Verband Deutscher Maschinen- und Anlagenbau e. V./VDMA), the Power Transmission Engineering division represents manufacturers of drive elements, gearboxes, electrical drive technology and linear technology and ultimately the largest supplier industry in the mechanical and plant engineering sector. Business in the drive technology market is currently developing positively: Most recently, the trade association increased its forecast for 2021 to a sales increase of 12 percent.