KSB Limited has acquired the technology of Bharat Pumps & Compressors Ltd, becoming its sole owner, and will use its SupremeServ unit to handle spare parts and service for about 5,000 BP&CL products in India.
Velvin Group and Japan's Rengo Co announced a joint venture for an upcoming corrugation unit in Cheyyar, Tamil Nadu, India. Rengo takes a 30% equity stake, and Velvin Containers will be renamed Velvin Rengo Containers Private Limited.
Japanese paper and packaging manufacturer Rengo acquired a 30% interest in Indian corrugated packaging manufacturer Velvin Containers, which will be renamed Velvin Rengo Containers. Financial terms were not disclosed. Velvin is developing a corrugated plant near Chennai.
Velvin Group and Japan's Rengo formed a joint venture for an upcoming corrugation unit in Cheyyar, Tamil Nadu, with Rengo taking a 30% equity stake. Velvin Containers will be renamed Velvin Rengo Containers Private Limited.
Atlas Copco (India) is setting up a manufacturing facility and office building in Talegaon, Maharashtra, to make air and gas compressor systems for the local market. Completion is targeted for Q2 2024, with an estimated value of Rs 140 crore.
Concentric AB won a nomination worth 70 MSEK over five years to supply its seal-less electric coolant pump for a new battery electric bus platform of a leading Indian commercial vehicle OEM, with production starting in 2025.
Lubrizol is doubling its CPVC compound manufacturing capacity at its Dahej, Gujarat site from 70,000 to 140,000 metric tons, with operations expected by early 2025. It also plans an R&D center at Dahej.
Lubrizol and Grasim Industries broke ground on the first phase of a 100,000 metric-ton CPVC resin plant in Vilayat, Gujarat, as part of Lubrizol's $150 million India investment. Phase one and a Dahej line are expected to be operational by early 2025.
Security Printing & Minting Corporation of India's Narmadapuram paper mill awarded a contract to Flux Pumps India Private Limited of Pune for a hydro jet pump, valued at INR 364,320, with the award dated January 25, 2024.
JK Paper signed a share purchase agreement to acquire 100% of Manipal Utility Packaging Solutions for about Rs 90 crore, a maker of folding cartons, corrugated boxes and labels with four plants in India. Completion is expected within six weeks.
Air Water subsidiary Air Water India was awarded an on-site gas supply contract by state-owned Steel Authority of India Limited. Air Water will design and manufacture a large cryogenic air separation plant for the project.
Shakti Pumps secured a Rs 149.71 crore order from Ajmer Vidyut Vitran Nigam Limited under component C of India's PM-KUSUM scheme to replace electric pump sets with BLDC solar pump sets. It is the first commercial order under that component.
Manjushree Technopack (MTL), a rigid plastic packaging maker backed by Advent International, signed a collaboration with the bottle-to-bottle recycling division of Ganesha Ecosphere Group to co-develop and supply food and non-food packaging made from up to 100% recycled plastic in India.
SIG laid the foundation for its first aseptic carton plant in Ahmedabad, Gujarat, with planned phased investment of about ₹880 crore, expected to add 4 billion packs per year and create about 300 jobs.
Kirloskar Pneumatic opened a new manufacturing facility in Nashik with a 32-tonne forge hammer and fabrication shop, initially producing about 6,000 tonnes of forged parts a year. About 25% of capacity will serve external customers.
Samson Controls Pvt. Ltd. began construction of a substantial new unit within its existing Ranjangaon facility near Pune, India, in response to growing demand, at a groundbreaking ceremony attended by Samson AG executives.
Bharat Heavy Electricals Limited won the electromechanical works contract from NHPC for the 2,880 MW Dibang Multipurpose Project in Arunachal Pradesh, India. BHEL will design, manufacture, supply, erect and commission turbines, generators, transformers and switchgear for the project.
Munters has signed an agreement to acquire ZECO Aircon Limited, an Indian air treatment manufacturer headquartered in Gurgaon, for an estimated enterprise value of MSEK 790. The deal is expected to close before year-end and will be financed through existing credit facilities.
Atlas Copco has started construction of a new manufacturing plant in Talegaon, Pune, India, to make air and gas compressor systems for local and export markets. The investment is about INR 1,400 million and the plant is planned for completion by Q2 2024.
Greenply Industries has successfully produced its first fibers with a new high-performance pressurized refining system supplied by ANDRITZ. The article does not give a location or capacity.
The EPCM Group launched a new cathode manufacturing and maintenance center in Ahmedabad, India, with production starting May 2023 with 20 local employees. The inaugural project is manufacturing 81,577 copper cathodes for Kutch Copper Limited, a subsidiary of Adani Enterprises.
India Security Press in Nashik awarded a contract worth 2,057,000 (currency not stated, assumed INR) for corrugated boxes measuring 470 x 270 x 210 mm to Rainbow Packaging Industries and Raghav Packaging LLP, both of Nashik. The award was dated 21 August 2023.
Wilo Group opened a new high-tech production plant in Kesurdi, India, to manufacture pump systems for India, the Middle East, Africa and South-east Asia, creating around 1,500 direct and indirect jobs.
Amcor agreed to acquire Phoenix Flexibles, which operates one flexible packaging plant in Gujarat, India, to expand its capacity in India. The deal is expected to close in the September 2023 quarter.
Austrian machinery supplier Starlinger will deliver two recoSTAR PET 165 iV+ bottle-to-bottle recycling lines to Srichakra Polyplast, with delivery expected at the start of 2024. The rPET will supply Coca-Cola India's Kinley water bottles.
Valmet and thyssenkrupp Industries India signed a cooperation agreement to sell and distribute process automation systems for the energy sector.
ExxonMobil made its first commercial sale of certified-circular Exceed PE polymers in India to UFlex, produced using its Exxtend advanced recycling technology, for use in flexible food packaging.
KSB announced the acquisition of Bharat Pumps and Compressors' technology, becoming sole owner of the products' technology and taking over spare parts and service for about 5000 BP&CL products in India.
India Security Press Nashik, a unit of Security Printing and Minting Corporation of India, awarded a contract to Raghav Packaging LLP of Nashik to supply OPP corrugated boxes of 470 x 270 x 260 mm. The contract value was INR 4,349,999.97 and the award date was 11 September 2023.
IndianOil tendered procurement of multi-coloured 5-ply cartons for premium-grade packing at several plants. Paxwell Packaging was named winner with a contract value of ₹1.9 Cr for a 365-day period.
Sona Comstar inaugurated its second manufacturing plant on a 10-acre site in Chakan, Pune, with an investment of USD 28.1 million. The plant will make driveline components for ICE and electric vehicles and can produce up to 1.18 million gear sets a year.
ONGC awarded Engineers India Limited an EPC project to replace three CSU off-gas compressors and six regeneration gas compressors and install a CBD vessel at its Uran plant. The estimated order value is Rs 472 crore over about 40 months.
SB Packagings and Constantia Flexibles have finalised their joint venture after CCI approval, under which SB Packagings acquires C-Flex India entities (Creative Polypack, Aparna Paper, Vibgyor, Parikh Flexibles) in a share swap, with Premji Invest as shareholder.
Constantia Flexibles and SB Packagings have finalised a joint venture, SB-Constantia Flexibles, to make sustainable food and hygiene packaging in India and South Asia, with investment from Premji Invest after Competition Commission of India approval. The JV operates nine plants.
Bharat Heavy Electricals Limited won an order valued at about Rs 300 crore from Gujarat State Electricity Corporation to renovate and modernise steam turbines of Units 3 and 5 at the Ukai Thermal Power Station in Gujarat.
ELGI Sauer Compressors Ltd, a joint venture of Elgi Equipments and Germany's Sauer Compressors Group, opened a 50,000 sq ft plant in Kallappalayam, Coimbatore, with an investment of ₹40 crore. It will make high-pressure compressors, pressure-reducing stations and portable breathing air compressors.
Hawle Austria Group has acquired the valve manufacturing division of McWane India, strengthening its position in India. Hawle will keep operations running and retain the employees.
Mitsubishi Electric India signed an MoU with the Tamil Nadu government for a Rs 1,891 crore air-conditioner and compressor factory in Peruvoyal Village, Thiruvallur District, on a 52-acre site. The plant is targeted to start production in October 2025 and create more than 2,000 jobs.
A cooperative in India issued a multi-state tender to procure packaging materials, dairy equipment, chemicals and other supplies for milk and milk products. Suppliers with in-house production are invited to register and submit bids.
SIG is making a €60 million investment in constructing an aseptic carton plant in India, expected to reach a yearly production capacity of 4 billion packs.
Torque Valves, an Ahmedabad-based control valve maker, is planning a larger centralized manufacturing unit in Ahmedabad to double its annual output. The company currently runs three plants in Ahmedabad, Mumbai and Pune producing about 2,500 valves a month.
Trelleborg has decided to invest SEK 300 million in a new production plant for sealing solutions in India, to be built on land acquired in the Bengaluru area. Production is set to start in the first half of 2026, raising capacity by more than 60 percent.
Aliaxis announced plans to build a €48 million greenfield manufacturing plant in Telangana, India, creating about 500 jobs, with production expected in 2024.
India's Competition Commission approved a share-swap under which SB Packagings will acquire five C-Flex India flexible packaging entities from Constantia Flexibles Sales B.V., with C-Flex receiving shares in SB Packaging.
INOXCVA began construction of a 30-acre greenfield cryogenic equipment manufacturing facility at Savli in Vadodara, Gujarat, with an investment of INR 200 crore, able to fabricate over 20,000 tonnes of stainless steel equipment per year.
Sintex-BAPL transferred its two- and four-wheeler plastic-moulded automotive components business to Plastauto for Rs 110 crore under a business transfer agreement signed March 29, 2023.
Welspun Corp, through subsidiary Mahatva Plastic Products, completed the acquisition of insolvent Sintex-BAPL for Rs 1,251 crore on March 29, 2023. The deal was made under an NCLT-approved resolution plan.
AMPO POYAM VALVES is supplying more than 4,000 slurry angle severe service valves for the expansion of Vedanta's Lanjigarh alumina refinery in Odisha, India. The valves are made at AMPO INDIA in Coimbatore, Tamil Nadu. The expansion raises capacity from 2 to 5 million tonnes per annum.
LG Electronics India has begun manufacturing dual inverter air-conditioner compressors at its Greater Noida facility. The company invested about 100 crore rupees to build capacity of one million units a year.
Wabtec Corporation received a brake system order from Alstom Transport India for Pune Metro Line 3 trains, supporting Pune IT City Metro Rail Limited and Pune Metro Rail Development Authority. The announcement was made on 23 March 2023.