Founded in 1955 as the Indiana Technology and Manufacturing Cos., ITAMCO has expanded to two locations in Northern Indiana, supplying the heavy truck, electric vehicle, construction, agricultural, mining companies, aerospace, and energy sectors. In recent years, the company invested heavily in equipment to serve the oil and gas industry, just as that sector headed into a severe downturn.
Mark Neidig II, purchasing manager at ITAMCO, says, “There are bright spots in the heavy truck, electric vehicle, and aerospace markets. Mining is in a slump and we think it will take at least another year to recover. A key indicator for us is gross domestic product growth in countries such as India and China because it triggers demand for raw material commodities and the necessary heavy equipment to extract them. Over the 5-to-15-year horizon, we’re very optimistic about all of the markets we supply because of our unique capabilities and project management experience.”
Despite low energy prices, he adds that oil producers continue to order new parts, but natural gas drillers have not.
“We have seen a sharp drop in demand for components for gas applications and we have re-purposed that gear equipment,” Mark says. “One machine can make gears and splines applicable to many different markets so the opportunity to diversify is excellent. Even some of our large CNC gear manufacturing equipment – grinders, shapers, and hobbers – can be used to make gears and splined parts for the automotive and commercial truck markets.”
ITAMCO Technology Manager Joel Neidig adds that the company continues to invest in new technologies including big bets on 3D printing.
“As a gear manufacturer, we will always do subtractive manufacturing, but we recognize that additive manufacturing (AM) is the future of our business. We see the current and near future demand for AM gears is in rotorcraft, aerospace, and space launch vehicles.”
ITAMCO recently won a project from the Digital Manufacturing and Design Innovation Institute (DMDII) called SPEC-OPS that aims to model digital connection and configuration of diverse machine tools, programmable logic controllers (PLCs), sensors, and devices on the shop floor.
“Currently, on-site process data and machine controller data are disconnected from higher-level decision-making systems such as enterprise resource planning (ERP) software,” Joel says. “This would have not been possible if ITAMCO hadn’t had the vision to start connecting its factory equipment years ago to its network and the cloud. SPEC-OPS will provide savings in planning, scheduling, execution, and maintenance time and translate to increased competitiveness and agility for U.S. manufacturers.”