According to banking sources reported by KED Global, US private equity firm TPG agreed to buy a 100% stake in South Korean cosmetic packaging supplier Samhwa at a price in the mid-300 billion won range, about $236.9 million, with CEO Cho Seong-hwan buying a minority stake back.

Norwegian firm TMC Compressors signed a contract to supply control, service air and N2 compressors for each of 12 174,000-cbm LNG carriers being built by Samsung Heavy Industries for an undisclosed owner. Price was not disclosed.

Korean company BHI Co Ltd won an order worth 188 billion won, according to a brief published by Stockopedia. The counterparty and product details were not disclosed.

Hanwha Ocean contracted Norwegian firm TMC Compressors to supply a complete marine compressed air system and air compressors for two Maran Gas Maritime LNG carriers due for delivery in 2026. The equipment will be manufactured in Europe and shipped to South Korea.

Scana ASA, through subsidiary Scana Valve Control, agreed to transfer its 49% stake in the Korean joint venture Scana Korea Hydraulic to SKH for about NOK 40 million, with closing expected in Q2 2023, alongside a new strategic cooperation agreement with Skarpenord.

Hwaseong Valve signed a single supply contract with Korea Gas Corporation to supply 10-inch-and-larger ball valves for a construction project at a supply management station, worth KRW 3.87 billion (about 5.38% of its recent sales). The contract runs from January 5, 2023 to February 29, 2024.

DYPNF signed a supply contract with Lotte GS Chemical worth 12 billion won for a BPA prill fan package system and prill tower, disclosed on January 5, 2023. The amount equals about 12.04% of DYPNF's 2021 revenue.

Linde signed an investment memorandum with Gyeonggi Province for about KRW 150 billion to build an industrial gas plant in Pyeongtaek producing semiconductor rare gases such as krypton and xenon, to be completed by 2031.

Atlas Copco agreed to acquire the cryopump service and distribution business of ZEUS Co., Ltd. in Gyeonggi-do, South Korea, which has 59 employees. The purchase price was not disclosed and closing is expected in Q2 2023.

LOT Vacuum signed a supply contract with Samsung Electronics worth 14.3 billion won for dry vacuum pumps used in semiconductor processes. The contract runs until 30 December 2023 and equals 5.52% of LOT Vacuum's prior-year revenue.

Wärtsilä was selected to supply cargo handling and LPG fuel supply systems for two 46,000 m3 gas carriers being built at Hyundai Mipo Dockyard in South Korea for EXMAR LPG. Delivery of the equipment to the yard is scheduled for the latter part of 2023.

Wärtsilä was selected to supply cargo handling and LPG fuel supply systems for two 46,000 m3 LPG/midsize gas carriers being built at Hyundai Mipo Dockyard in South Korea for EXMAR LPG, with delivery scheduled for late 2023.

Edwards, part of Atlas Copco Group, is building a 15,000 m2 manufacturing facility in Asan City, South Korea, for vacuum and abatement systems used in semiconductor manufacturing, expected to be fully operational in Q3 2023.

KSP signed a supply contract worth KRW 3,544.52 million (about $2.7 million) with Hyundai Global Service to supply valve spindles and valve seat rings for medium-speed engines, with the contract running until December 31 of the following year.

Amorepacific Group will sell 60% of its subsidiary Pacific Package's shares to French packaging company Autajon, retaining 40%. The move deepens a cooperation relationship that dates to a 2015 MOU.

Korea Seal Line and Ulsan City signed an investment memorandum of understanding for a new metal bellows seal factory in the GW General Industrial Complex in Ulju-gun. The 7.8 billion KRW project is scheduled to begin construction in February 2023 and finish in October.

Dongsung Finetec signed a supply contract worth KRW 146.9 billion with HD Hyundai Samho Heavy Industries for insulation panels and membrane sheets, disclosed on June 29, 2022. The contract runs until February 4, 2025.

Edwards, part of Atlas Copco, inaugurated a new 16,000 m2 vacuum pump plant in Asan City, South Korea, to serve global semiconductor manufacturing. Production began in June 2022 and the plant will create about 150 jobs.

Doosan Enerbility agreed to sell Doosan Mecatec, a chemical process equipment maker, to a consortium of Bumhan Industries and Metistone Equity Partners, with closing expected in July 2022.

A consortium led by Beomhan Industrial with Metistone Equity Partners acquired Doosan Mecatec, a Changwon-based chemical equipment maker, from Doosan Enerbility for 105 billion won, disclosed on June 3, 2022.

Kwang Jo ILI is building a second factory extension at its headquarters in Yangsan, South Gyeongsang, to produce ball, butterfly, check and needle valves. Operations are targeted for November 2022.

Avingtrans subsidiary Hayward Tyler, Inc. secured two nuclear safety spare-parts contracts worth a total of US$7 million from Korea Hydro & Nuclear Power, to be completed before June 2023. The parts are for Nuclear Service Cooling pumps in South Korean reactors.

Babcock & Wilcox's B&W Environmental segment won a contract worth more than $12 million from Lotte Engineering & Construction to supply two SPIG hybrid cooling towers for Korea District Heating Corporation power and district heating projects in Daegu and Cheongju.

Hyundai Heavy Industries contracted TMC Compressors to deliver complete marine compressed air systems, eight compressors in total, for four VLCC crude carriers being built for an undisclosed European shipowner.

Hyundai Samho Heavy Industries and Hyundai Heavy Industries contracted TMC Compressors to deliver marine compressed air systems for five LNG carriers being built for Capital Gas Corp. TMC will manufacture the equipment in Scandinavia and ship it to Korean yards.

Paratech decided to invest 10.2 billion won in a new facility in Seosan, South Chungcheong, adding a building and moving equipment and R&D from its Bucheon plant to build a smart factory.

DIENT disclosed a supply contract worth 17.64 billion won with LG Display, equal to 76.6% of its recent revenue. The contract runs until May 12.

The Sserora Brewing signed an investment MOU with South Chungcheong Province for a 50 billion won craft beer plant in Boryeong's Ungcheon industrial complex. The highly automated plant, planned to start in August 2022 and be complete by 2024, will produce about 74 million liters a year.

BMT held a groundbreaking ceremony for a new plant in Gijang-gun, Busan, with construction investment of about KRW 34 billion and annual production capacity rising from KRW 150 billion to KRW 300 billion. Completion is planned for March 2023.

Plastic Omnium won a major contract from Hyundai Motor Company to supply high-end hydrogen vessels produced in Korea, announced at the IAA in September 2021.

Burckhardt Compression was selected to supply three process gas compressor systems for a hydrogen liquefaction plant in South Korea, the largest of its kind worldwide, able to produce up to 90 tons of liquefied hydrogen per day. Production is planned to start in 2023.

STX Heavy Industries announced on September 1, 2021 that it signed ship engine supply contracts with Daeshin Shipbuilding worth 23.2 billion won and 12.4 billion won, totaling 35.7 billion won as stated in the headline.

Boeun County signed a 12 billion won expansion investment agreement with Puremann, which will buy land and build a second factory in the Jangan industrial complex to enter the new materials business. Puremann currently makes automotive and refrigeration refrigerants.

Sonoco ThermoSafe and Korean Air announced a global partnership for leasing the Pegasus ULD temperature-controlled bulk container to pharmaceutical freight forwarders. Sonoco ThermoSafe will add ICN airport to its service network.

Doosan Heavy Industries and partner Kuil Construction won a 610 billion won state procurement to build LNG storage facilities with four 270,000 kiloliter tanks in Dangjin, Chungnam Province. Completion is scheduled for December 2025.

Brooks Instrument has opened a new manufacturing, engineering and service center in Yongin, Gyeonggi Province, Korea, to produce mass flow controllers for semiconductor manufacturing. The company says the move raises its global production capacity by close to 30 percent once at full scale.

Dongwon Systems signed a merger agreement to absorb its subsidiary Techpack Solution, Korea's largest glass bottle maker, with a merger ratio of 1 to 4.44. A shareholder meeting is scheduled for September 1, 2021.

Edwards UK and CSK, both Atlas Copco affiliates, signed an MOU worth about $101-110 million to build an integrated vacuum pump and gas processing equipment plant in Tangjeong General Industrial Complex, Asan, expected to create 270 jobs over five years.

Daelim Pracon signed an investment memorandum with Gimcheon city to build a 20 billion won PET packaging container plant with automated equipment in the Gimcheon General Industrial Complex. The plant is planned to be operating by early next year and is expected to create over 80 jobs.

PK Valve, a subsidiary of STX, began building a second dedicated plant for cryogenic butterfly valves for LNG carriers, targeted for completion in September 2021. The company expects LNG valve sales of 50 billion won in 2021.

Edwards and CSK, both Atlas Copco units, signed an MOU with South Chungcheong Province to build a semiconductor and display equipment plant on a 57,810 m² site in Asan, investing $110 million over five years.

TK-Fujikin signed an MOU with Busan Jinhae Free Economic Zone Authority to invest KRW 55.7 billion in a new factory on a 33,881 square metre site in Busan, adding to its existing plants. The project is scheduled to finish in 2025 and add about 450 jobs.

Taekwang Fujikin signed a site lease agreement with the Busan-Jinhae Free Economic Zone Authority to build a new factory in the Hwajeon industrial complex in Busan, South Korea, consolidating its existing plants with a total investment of 55.7 billion won, with about 450 new jobs planned and completion by 2025.

Doosan Heavy Industries won a supply contract worth 40 billion won from Lotte E&C to supply steam turbines and generators for LNG cogeneration plants in Daegu and Cheongju. Delivery of the 120MW units is scheduled by October 2022.

Cosmax will invest 41.5 billion won in its Pyeongtaek Goryeom industrial complex plant to expand production capacity and extend its logistics center, with work running May 2021 to March 2023.

Hyosung Advanced Materials has secured a six-year contract worth 157.2 billion won ($139 million) from Hanwha Solutions to supply high-strength carbon fiber for hydrogen fuel tanks.

Hanon Systems began construction of its fifth plant in Korea, in Naengcheon-ri, Gyeongju-si, on a site of about 33,000 square meters. The plant will make heat pump modules and coolant valve assemblies for electric vehicles, with completion expected in Q2 2021 and production from Q3 2021.

Korean shipyards Samsung Heavy Industries and Hyundai Heavy Industries contracted Svanehøj to supply cargo, fuel and spray pumps for four additional very large ethane carriers, with delivery in Q3 2021. The pump orders are worth more than US$7.5 million.

Machine tool maker Eltek Korea signed a 12.1 billion won investment agreement with Okcheon County to build a factory in Okcheon Techno Valley, Chungbuk, by 2025, and to relocate its headquarters and plant from Geumsan.

Iljin Power disclosed a single sales and supply contract worth KRW 32.52 billion with Incheon International Airport Corporation, for supply within South Korea, signed on 11 December 2020.