11/30/2017

Pfeifer and Gleistein join forces

Leading international rope specialists secure strategic cooperation for joint sales and development

It is no secret that “wire ropes of the future” will continue to be increasingly produced using synthetic fibres. High-performance ropes made of high-tech textile fibres weigh just a fraction and are easier to handle than their steel-wire based counterparts while delivering performance attributes that are on par. It is upon this backdrop that Gleistein Ropes and the Pfeifer Group have now concluded a strategic partnership agreement.

Pfeifer, based in Memmingen, southern Germany, is a leading specialist for wire rope manufacturing, assembly and applications, with annual sales of 260 million euros. With a view to tapping into future-oriented development potentials, Pfeifer initiated talks with Gleistein Ropes last year. The goal was to establish a foundation upon which a strategic partnership could be built. With its innovative strength and state-of-the-art production facilities for all types of fibre ropes, Gleistein Ropes from Bremen, northern Germany, is an ideal partner for Pfeifer. The focus of future joint development activities will chiefly involve fibre rope innovations for numerous industrial applications that – until now – were largely the domain of wire rope solutions.

Read the full press release here.