Federico Costa takes helm at Ecta amidst geopolitical challenges

Association with new President Federico Costa takes helm at Ecta amidst geopolitical challenges

2024-02-19 Source: Ucimu 2 min Reading Time

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Federico Costa, managing director of Febametal in Turin, has been elected as the new president of the European Cutting Tools Association (Ecta) for a four-year term. Succeeding Marcus Horn, Costa aims to navigate the European tool manufacturing sector through challenges posed by geopolitical uncertainties and new EU regulations.

Federico Costa is Ecta’s new President.(Source: Ucimu) — Federico Costa is Ecta’s new President.
(Source: Ucimu)

For the next four years, Ecta, the European Cutting Tools Association, will be led by an Italian president, Federico Costa, managing director of Febametal, based in Grugliasco (Turin), associate member company of Ucimu-Sistemi per Produrre and specialising in the production and sales of standard and special tools. The Turin entrepreneur, elected in November 2023, has picked up the baton from Marcus Horn of the German company Paul Horn.

Federico Costa stated: “The European tool manufacturers are currently operating in a context affected by international geopolitical uncertainty. This is added to the complexity introduced by the new regulatory requirements imposed by the European Union, which is certainly a challenge for our companies. The commitment of Ecta for the coming years will thus be to provide companies with food for thought and insight, as well as opportunities for exchanging views, to better move forward in this scenario. The annual events and meetings, which traditionally accompany the activity of Ecta, will indeed be focused on the issues of greatest interest to the European operators in this sector”.

Alfredo Mariotti, general manager of Ucimu-Sistemi per Produrre, affirmed: “Ucimu is proud that the presidency of Ecta has again been assigned to an Italian entrepreneur. We are confident that Federico Costa, managing director of our historical member company Febametal, will be able to fulfil this role in the best way, proving the ability, which has always distinguished Italian manufacturers, to meet and understand the evolution of the market. We extend our best wishes to President Costa and confirm our commitment to support Ecta in organizing the next Ecta Conference, scheduled in Italy for 2025”.

Members of Ecta, in addition to Ucimu-Sistemi per Produrre, are VDMA (Germany), AFM (Spain), Swissmen (Switzerland) and BHECT-MTA (Great Britain), joined by Further Sutton Tools (the Netherlands), ATA Tools (Ireland) and Boehlerit (Austria).

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