The new joint venture will be named “Otto Power LLC” a Michigan based corporation.
Otto Junker GmbH produces state-of-the-art induction and gas fired furnace technology. It develops and commercializes proprietary, high-power industrial furnace technologies. Interpower Induction, is a supplier of induction heating equipment based in Almont, MI.
Under the terms of the agreement, the new Joint Venture Company will provide:

• Induction Melting Equipment to Foundrie,
• Heat Treatment Furnaces for Aluminum and Copper,
• Induction Heating & Furnace equipment for Aluminum Extrusion,
• Channel Furnaces,
• Die Casting Equipment o And Moreover,
• Related services from within the United States.

“This Joint Venture partnership represents a milestone for both companies in their pursuit of cutting edge, energy-saving, green technology applications,” said Gary Gariglio President & CEO, Interpower Induction, USA. Otto Junker’s COO, Atilla Somuncu said next generation thermal technologies require next generation process systems with green energy applications.
Otto Power’s new President, Sebastian Maerz said the North American market is an exciting opportunity for the Joint Venture partnership products. And as such they are proud to introduce the Otto Junker salient features to the US market.
_{Source: Otto Junker GmbH}