Samkee has secured a 160 billion won OEM contract from a major US automaker to supply internal combustion engine and hybrid parts. Production will run from 2027 to 2032 for the North American market.

Spirit AeroSystems has agreed to sell its Fiber Materials, Inc. (FMI) business, based in Biddeford, Maine and Woonsocket, Rhode Island, to Tex-Tech Industries for $165 million in cash. FMI produces high-temperature materials and reinforced composites for defense and space applications.

KIHOMAC broke ground on a new 130,000-square-foot aerospace manufacturing facility in Warner Robins, Georgia. The facility is expected to be complete by end of 2025 and will create 75 full-time jobs, specializing in metal, composite, and electrical components for aerospace platforms.

Haier Smart Home completed the acquisition of Carrier Global's commercial refrigeration business for an enterprise value of approximately $7.75 billion. The deal includes Carrier's commercial refrigeration, Profroid, Celsior, and Green&Cool brands, and related technology including CO2 refrigeration.

HECO, Inc. acquired Warwood Armature Repair Company and its sales division WARCO Sales Inc., based in Wheeling, West Virginia, effective November 15, 2024. The acquisition adds electric motor repair, sales, and gearbox repair capabilities for the coal, steel, shale, and industrial sectors.

Super Radiator Coils will invest $22 million to expand its Chesterfield County, Virginia facility, adding 80,000 square feet and upgrading machinery, creating 160 new jobs.

SoftBank Group Corp. will acquire Ampere Computing, a silicon design company, in an all-cash transaction valued at $6.5 billion. Ampere will operate as a wholly owned subsidiary of SoftBank Group.

Komatsu plans to expand battery production capacity at its U.S. unit by four times, targeting the mining industry's electrification push.

Brazilian packaging maker Wyda Packaging has opened a 15,000 sq ft factory in Charlotte, N.C., to produce recyclable aluminum foil and trays with capacity of 6,000 tons per year.

Frain Industries announced a 200,000-square-foot showroom expansion at its Carol Stream, Illinois facility, slated for completion in mid-2025. The expansion will increase floor space by 60% and become the largest manufacturing facility in Carol Stream.

AAON will invest $238 million to establish HVAC production operations in Memphis, Tennessee, creating 828 new jobs. The 787,000-square-foot facility will produce thermal management equipment for data centers under the BASX brand.

Louisville Gas and Electric Company and Kentucky Utilities Company broke ground on Mill Creek 5, a 640-MW natural gas combined-cycle generating unit at the Mill Creek Generating Station in Louisville, Kentucky. The unit is expected to begin powering customers in 2027.

Molex announced an agreement to purchase AirBorn, a manufacturer of rugged connectors and electronic components for aerospace, defense, and other markets. The acquisition is expected to close by early December 2024.

Nestlé USA announced a $150 million investment in its Gaffney, South Carolina production facility, including a new production line for single-serve frozen meals and enhanced automation.

AAR CORP. signed an exclusive multi-year global distribution agreement with Whippany Actuation Systems, a TransDigm Group business, covering all components and sub-assemblies in Whippany's actuation product line for Boeing 737 and 777 platforms.

Babcock & Wilcox received full notice to proceed on a $246 million contract to convert two coal-fired boilers at AES Indiana's Petersburg Generating Station to natural gas. The project is scheduled for completion in Q1 2027.

Klöckner & Co will build a new aluminum flat-rolled processing facility on the campus of Aluminum Dynamics LLC in Columbus, Mississippi. The investment aims to expand higher value-added services for automotive and industrial segments in North America.

Coregistics, a Red Arts Capital portfolio company, has acquired Belvika Trade & Packaging, a food and beverage contract packager, making Coregistics the largest pure-play contract packaging company in North America.

HVAC maker AAON will occupy the former American Snuff facility in Memphis, Tennessee, to produce data center thermal management equipment, investing $238 million and creating 828 jobs over five years.

Vertiv and Compass Datacenters have developed a hybrid liquid and air cooling system for AI applications. Initial units will be deployed at a Compass facility in Q1 2025 as part of a multi-year, multi-billion dollar supply arrangement.

Kongsberg Maritime and Kongsberg Discovery were chosen as exclusive suppliers of marine scientific equipment, oceanographic handling systems and deck machinery for two new NOAA charting and mapping vessels, Surveyor and Navigator, being built by Thoma-Sea Marine Constructors. The contract is worth US$11.25 million, with an option for two more vessels.

Private equity group ZMC has acquired Pure Wafer, America's largest supplier of silicon solutions and services, including its six businesses. The acquisition will support capacity expansion and investment.

Powerex Inc. plans to invest at least $14 million to modernize and upgrade assembly and testing capabilities at its facility in Youngwood, Pennsylvania, creating 25 new jobs and retaining 215 jobs.

Integris Composites has been selected by Bell Textron to provide armor systems for the U.S. Army's Future Long Range Assault Aircraft (FLRAA).

Joseph Machine Company plans a 150,000-square-foot expansion of its facility in Dillsburg, Pennsylvania, supported by a $2 million state grant, creating 35 immediate jobs with potential for up to 150.

Wärtsilä has been contracted to supply generating sets and auxiliary equipment for Tampa Electric Company's new 72 MW generating facility in Florida, USA. The orders were booked in January and December 2023.

Par Systems is building a $20 million, 140,000 sq ft laboratory and production facility in Shoreview, Minnesota, to increase factory capacity by 40%. The facility will be completed in fall 2025 and add 26-30 workers per year.

Tower Semiconductor announced a $350 million investment plan to expand Silicon Photonics (SiPho) and Silicon Germanium (SiGe) capacity at its 200mm facilities in San Antonio and Migdal Haemek, and its 300mm facility in Uozu, Japan.

Ewald Kubota has announced a partnership venture with Lansdowne-Moody, a 9-store Kubota equipment dealership serving the Houston area. The transaction is expected to close in December 2024.

Otsuka Pharmaceutical Factory America (OPFA) will acquire a 60% stake in a new IV solution company formed with ICU Medical, which will transfer its IV solution business to the new entity. The agreement was signed on November 12, 2024, and operations are expected to begin in early Q2 2025.

Veralto Corporation announced an investment of approximately $15 million to establish a minority interest in Axine Water Technologies, a provider of electrochemical oxidation technology for contaminant destruction. The strategic partnership includes a commercial agreement with Veralto's Trojan Technologies business.

Boeing is constructing a new 880,000-square-foot manufacturing plant and additional facilities at its Berkeley, Missouri campus, with completion expected in mid-2026.

General Motors has secured a new supply contract for electric vehicle components, including cathode materials and magnetic components, with a five-year term and fixed price corridor. The deal includes a Michigan facility expansion adding 150,000 units of annual capacity.

Rolls-Royce Solutions America is preparing to construct a 280,000-square-foot expansion to its generator production plant in Mankato, Minnesota, bringing the total complex to nearly 400,000 square feet.

Russel Metals Inc. announced it has entered into an agreement to acquire Tampa Bay Steel Corporation for US$79.5 million, including working capital, buildings, equipment, and real estate. The acquisition extends Russel Metals' footprint into the Florida market.

Nihon Kohden announced the acquisition of a 71.4% stake in NeuroAdvanced Corp., the parent company of Ad-Tech Medical Instrument Corporation, a provider of specialized electrodes for epilepsy treatment and neurodiagnostic procedures. The deal strengthens Nihon Kohden's position in neurological diagnostics.

Smith & Nephew has been awarded a 10-year contract valued at up to $75 million by the U.S. Department of Defense to supply its RENASYS TOUCH Negative Pressure Wound Therapy systems through the Defense Logistics Agency.

AstraZeneca announced $3.5 billion of capital investment in the United States to expand its research and manufacturing footprint by the end of 2026. This includes $2 billion of new investment creating over a thousand jobs, with projects in Massachusetts, Maryland, and Texas.

Fidelity Building Services Group acquired Tropic-Kool, a commercial HVAC/Mechanical services contractor headquartered in Largo, Florida. The acquisition strengthens Fidelity's presence in the Southeastern United States.

Matrix Service Company has been awarded engineering, fabrication, and construction work for a 100,000 m3 full containment storage tank for Delaware River Partners in Gibbstown, New Jersey.

Suncore, a subsidiary of Clyde Companies, has acquired M.A. Concrete Construction, Inc., expanding its operations in western Colorado.

Rivian and Volkswagen Group have entered into a transaction agreement to create a joint venture, Rivian and Volkswagen Group Technologies, with a total deal size of up to $5.8 billion. The JV will develop next-generation electrical architecture and software for future electric vehicles.

Novelis awarded Danieli an order for a 1+4 hot mill, a continuous coating line, and a high-speed trimming line for its new aluminium plant in Bay Minette, Alabama, USA. The plant will add 1 million tonnes per year of capacity for can stock and automotive alloys.

SJE, a provider of control solutions for the water industry, acquired Revere Control Systems, a turnkey provider of controls and automation solutions for water and industrial applications. Revere is based in Birmingham, AL.

Chinese auto supplier Westcast Industries is considering a $12 million investment in a new light industrial manufacturing plant in Auburn Hills, Michigan, to supply General Motors, potentially creating up to 100 jobs.

Milwaukee Tool opened a 500,000 sqft manufacturing plant in Grenada County, Mississippi, costing over $60 million and employing more than 800 people. The plant will produce tool accessories such as Sawzall Blades.

STULZ USA announced the opening of its third U.S. manufacturing facility in Denton County, Texas, slated to commence operations in 2025. The facility will create over 200 jobs and boost production of precision cooling technology for data centers.

Analog Devices (ADI) has acquired the embedded FPGA assets of Flex Logix, a US-based reconfigurable AI chip design company, and hired its technology team. The transaction terms were not disclosed.

NOVONIX Limited and Stellantis NV signed a binding offtake agreement for a minimum of 86,250 tonnes, up to 115,000 tonnes of high-performance synthetic graphite material. The material will be supplied to Stellantis' cell manufacturing partners in North America from 2026 to 2031.

Serve Robotics acquired Vebu, the developer of Chipotle's avocado processing machine Autocado, in an all-stock deal. Vebu's CEO will lead kitchen automation at Serve Robotics.