Momento, located in Sweden, started 1951 to produce impact sockets and are today selling their products through distributors all over the world. The products range are impact sockets, customized tools, bits, hydraulic wrenches and industrial hydraulic products. The company has heat treatment in house, test facilities for testing lifetime of their sockets. The company is known for the excellent service and their customer tells them that Momento produces the most reliable impact socket.
Easy Engineering: What are the main areas of activity of the company?
MOMENTO: Our customers are in the oil and gas, automotive sector, mining, wind energy, shipyard, construction, as well as heavy industry. All areas who need tightening or loosen a fastener in a safe way.
E.E: What’s the news for 2021 about new products?
MOMENTO: We are launching a wide range of nut splitters. We have also developed our Silverline surface method. With this method our products are better for the environment as well for the user since our impact socket are free from heavy chemicals as arsenic which could cause cancer for the user. We are the only company in the world who produce products without any heavy chemicals. We are also launching nutsetters as well as back up wrenches for the heavy industry.
E.E: At what stage is the market where you are currently active?
MOMENTO: Due to the Covid-19 we see that the sells various a lot from months to months but, in general, I would say that some countries in Europe we have had a very good turnover and also in USA this year.
E.E: What can you tell us about market trends?
MOMENTO: Quality doesn’t cost it is lack of quality that cost. What I mean with this that we see a trend that companies are focus more to buy good tools that are safe to use and have a long life time. If their products are produced in an environmentally friendly way it is a plus. This is something that I personally like since we all need to take better care of the nature as well as focus on safety for the workers.
E.E: What are the most innovative products marketed?
MOMENTO: Since we are selling our products globally you can find our products in all countries that we have a distributor network.
E.E: What estimations do you have for 2021?
MOMENTO: First, I hope that the problem with Covid-19 will be over the second quarter so life can go back to normal again for all of us. Secondly, I hope that more companies will appreciate our products and to see the benefits with them. Most of our customers are saving plenty of money after the have swift to our products, cost reduction of 40-50% are figures that they have achieved. So, I look positive on our market possibility’s during next year.
