Tamrotor Marine Compressors (TMC) won an undisclosed-value contract from Shanghai Waigaoqiao Shipbuilding to supply a compressed air system for a FPSO being built in Shanghai for SBM Offshore.
Endress+Hauser has opened a 16,500-square-meter third plant in Suzhou Industrial Park, west of Shanghai, for about EUR 44 million. The facility adds capacity for flow measurement, liquid analysis and temperature measurement, and includes a large calibration facility.
GENERON IGS was awarded a contract in October 2017 to supply four additional membrane nitrogen generator shipsets, each rated at 4,500 m3/hr at 95% purity, to Chinese shipyard Hudong for 49,000 DWT chemical and oil product tankers for Norwegian owner Odfjell.
Voith Hydro Shanghai signed a contract with Henan Tianchi Pumped Storage to supply four 300 MW Francis reversible pump turbines and generators for a 1,200 MW plant in Henan Province, China. The contract was signed in December 2017 and is scheduled for completion by December 2020.
Wenzhou Xifa Industrial won a bid to supply 40 million bags to Hubei Dayukou Chemical Company, a branch of CNOOC, and will be its only bag supplier for the next three years. No monetary value was given.
Eurocrane received Stora Enso's 2016-2017 Excellent Supplier Award for supplying lifting cranes for Stora Enso's EUR 800 million Beihai, China plant, which started polyethylene coated paper production on December 19, 2017.
Korean automotive supplier Hanon plans to build its third compressor plant in Dalian, China. The article text provided gives no investment, capacity or job figures.
Stora Enso officially opened its new polyethylene coating plant at its consumer board mill in Beihai, Guangxi, China, with an annual capacity of 80,000 tonnes of PE coated products. The company invested EUR 31 million in the plant.
Valmet will supply board machine key technology and control systems, including six headboxes and three press sections, for three new containerboard machines in China. The machines are slated to be operational in 2019.
Beijing Oriental Yuhong awarded the DAW plant air compressor tender to Hangzhou Sanbao Compressor for CNY 636,000, including tax and freight.
Beijing Oriental Yuhong awarded the Xianyang plant air compressor tender to Xi'an Hengli Fluid Machinery for CNY 160,000, including tax and freight.
Beijing Oriental Yuhong awarded the Xiangyang plant air compressor tender to Xiangyang Ningyang Electromechanical Equipment for CNY 566,800, including tax and freight.
Beijing Oriental Yuhong awarded the Puyang plant air compressor tender to Xi'an Hengli Fluid Machinery for CNY 570,000, including tax and freight.
Hanon Systems signed an investment agreement with the Dalian municipal government to build a third plant in Dalian for automotive compressors, bringing total site space to over 98,000 square meters.
Sichuan Feiqiu Group signed an investment agreement with the Zigong High-tech Zone Management Committee to build a valve R&D, manufacturing, testing and sales base in the Banchang industrial park. The total planned investment is 320 million yuan, with the first phase at about 240 million yuan and a one-year construction period.
Sichuan Juyi Heavy Industry, a unit of Dalian Qianyi Group, broke ground in Deyang on December 11, 2017 on phase one of a turbo compressor production line invested at 580 million yuan, due to start production by June 30, 2019.
Velan France, a subsidiary of Velan Inc., won contracts to supply nuclear-class valves to several Chinese nuclear engineering firms worth about US$36 million. Deliveries are scheduled for 2018 and 2019 for reactors at Fangchengang, Tianwan, Rongsheng, Sanmen, Haiyang and Lufeng.
Standard Motor Products formed a 50/50 joint venture, Foshan FGD SMP Automotive Compressor, with China-based Foshan Guangdong Automotive Air Conditioning, investing approximately US$12.5 million to make automotive air conditioning compressors.
Emerson broke ground on the second phase of its Copeland scroll compressor factory in Suzhou Industrial Park, China, a $40 million investment to raise capacity for the Chinese and Asian markets.
Huzhou Fengling Huoshan Equity Investment Partnership acquired a 9.82% stake in Jiangsu Shentong Valve from a group of shareholders for approximately CNY 380 million on November 23, 2017. The deal covers 47.7 million shares at CNY 7.88 per share.
Pact Group has bought two Reynolds companies in Asia, according to Plastics News. The article gives no further details on location, price or date beyond December 5, 2017.
Blackstone Group has reportedly agreed to acquire ShyaHsin Packaging (China) for about $800 million to $900 million, according to sources cited by Reuters, and is arranging about $600 million of loan financing. The report was dated November 10, 2017.
Metso received four major valve orders for oil and gas projects from top-ten Chinese petrochemical customers, for greenfield investments scheduled for 2017 and 2018. The orders include about 2,500 Neles valves, and the total value and customer names were not disclosed.
Pu Neng has been awarded a contract by Hubei Pingfan Vanadium Energy Storage Technology for a 3 MW / 12 MWh vanadium flow battery, phase 1 of the Hubei Zaoyang 10MW 40MWh storage demonstration project. The contract was signed on October 18, 2017.
China Machinery Industry Federation appraised Xi'an Pump & Valve's JYGA-120 PN 12MPa DN1400 large-diameter insulated joint at a meeting on October 31, 2017, confirming it as the first low-temperature (-45 C) insulated joint of its kind in China.
Shanxi Huaxiang Group and US-based JDH jointly invested 400 million yuan in a Sino-American JV project in two phases, capable of producing 20,000 tonnes a year of high-end pump, valve and pipe fittings with 160 million yuan in sales and 800 new jobs.
Wärtsilä, through its joint venture CSSC Wärtsilä Engine (Shanghai), won an order for 16 Wärtsilä 34DF dual-fuel generating sets for four 174,000 m3 LNG carriers at the Hudong Zhonghua shipyard, totalling 56 MW. The order was booked in August 2017, with engine deliveries starting in the second half of 2018.
Ham-Let's subsidiary in China signed an agreement with the Yangzhong District management to build a new $15 million factory with double the production capacity, to be completed by end of Q1 2019; the district compensates $9 million.
Botou-based Taibang Pump & Valve Manufacturing won a contract worth about CNY 1.5 million to supply 48 NYP high-viscosity pumps and other pumps for China FAW Group's oil depot fuel piping project.
Toly Group announced a new expansion project in China, south of Shanghai, with no cost stated.
Elliott Group was awarded a contract to supply 22 compression trains and 28 casings for Hengli Petrochemical's refining and petrochemical complex under construction in Dalian, China, due online in 2019.
Recon Technology won contracts worth about RMB 6.1 million ($0.9 million) to develop four IoT oil and gas production projects for three plants of PetroChina Changqing Oilfield Company in Shanxi Province. Work is to be completed by 31 December 2017.
Suzhou Dawson Drilling Equipment has completed a capital increase of $3.5 million in its indirect wholly owned subsidiary Suzhou Dawson Valve Co., with the company registration change now finalized in Suzhou Industrial Park.
FAMAT was awarded a contract to supply a full set of steam extraction check valves up to 18 inches and class 900 for the Dunhuang Power Plant in China. The valves include fast-closing pneumatic actuators and complete controls.
MOGAS Industries received contracts to supply more than 950 severe service isolation valves to Hengli Petrochemical (Dalian) Refinery for a new heavy oils construction project on ChangXing Island, Dalian, China. Delivery is scheduled for early 2018.
CNOOC Zhanjiang branch published a tender result for shutoff valves for the Dongfang 13-2 gas field development, naming General Machinery Development as first candidate at USD 4,551,159. Samson Controls China and Hong Kong New Century Control Equipment were the other candidates.
ANDRITZ received a contract from state-owned Fengning Pump Storage and State Grid Xinyuan to supply two variable speed pump turbine units for the Fengning pumped storage plant in Hebei Province, China. The contract value is just under 70 million euros, with completion scheduled for 2021.
Mogas Industries will supply severe service isolation valves for a new heavy oils construction project on ChangXing Island in Dalian, Liaoning, China, for Hengli Group.
Mogas Industries has received contracts to supply over 950 severe service isolation valves to Hengli Petrochemical (Dalian) Refinery for a heavy oils project on ChangXing Island in Dalian. Delivery is scheduled for early 2018.
Nittan Valve is establishing a local subsidiary, Rizhao Nittan Valve, in Rizhao City, Shandong Province, to produce small engine valves, with planned capital of about 8 billion yen.
Haohua Junhua Group awarded a tender for a temperature control valve for its air compressor at a thermal power plant workshop to Zhumadian Kaishan Electromechanical Equipment, with the project closed on 2017-11-23.
Oriental Yuhong's Tangshan factory awarded a wooden crate and pallet supply contract to Tangshan Fengnan Xinggang Trading for CNY 889,540, with payment 60 days after delivery. Results were published on 2017-08-08.
Oriental Yuhong's Beijing factory awarded a wooden crate and pallet supply contract to Beijing Danze Guanghe Packaging Products for CNY 60,400, with payment 60 days after delivery. Results were published on 2017-08-08.
TMC Compressors won a contract from AVIC Dingheng Shipbuilding to supply compressed air systems and feed air compressors for two chemical tankers being built for Norway's Utkilen AS at the Jiangsu shipyard, with delivery scheduled for 2019.
MOGAS Industries received contracts to supply over 950 severe service isolation valves to Hengli Petrochemical (Dalian) Refinery for a heavy oils project on ChangXing Island in Dalian, China. Delivery is scheduled for early 2018.
Detmold Group agreed to buy Heshan Innopak Co. Ltd. from Novolex, a packaging manufacturer in Heshan, Guangdong, China. The transaction is expected to be completed by the end of August 2017.
Italian listed company IPH Group began trial production at its new Shiqi, Dongguan plant after relocating its Guangzhou hydraulic valve operations, with a total project investment above 100 million yuan and expected annual output value of 170 million yuan within five years.
Cochlear Limited announced plans for a new manufacturing facility in Chengdu, Sichuan province, China, for cochlear implants and sound processors, with an estimated investment of AUD 50 million. Production is expected to start within four years, subject to approvals.
Yuanda Valve Group began construction of its North China pump and valve casting industrial park in Longyao County, Hebei, at a ceremony on 12 July 2017. The project has a total investment of 1.22 billion yuan and designed annual output of over 30,000 tonnes of valves.
Faurecia signed a joint venture agreement with Dongfeng Motor Parts & Components Group for its Clean Mobility business in Wuhan, China, on 4 July 2017. The JV is set to start operations in 2018.