CNH Industrial has signed an industrial cooperation agreement with Tobroco-Giant to distribute compact and sub-compact wheel loaders under CASE and New Holland Construction brands in North America. The models are expected to be commercially available in the second half of 2023.
Vencorex is investing in a new facility at its Freeport, Texas site to produce specialty aliphatic isocyanates. The facility is expected to become operational in the second half of 2023.
Ridgewood Infrastructure and IDE Technologies were awarded a public-private partnership contract by the City of Fort Lauderdale to design, build, and operate the Prospect Lake Clean Water Center, a 50 million gallon per day water treatment plant in Florida.
IKO announced it will construct two new manufacturing sites in Chester County, South Carolina: a fiberglass manufacturing facility and a fiberglass mat plant. The projects represent over $360 million investment and will create nearly 200 jobs, with production expected by late 2025.
Cambium Biomaterials was awarded a contract by BioMADE, the bio-manufacturing arm of the Department of Defense, to develop and field-test bio-manufactured thermal protection systems for defense applications.
Ridgewood Infrastructure and IDE Technologies were awarded a public-private partnership contract to design, build, and operate the Prospect Lake Clean Water Center, a 50-million gallon per day water treatment plant in Fort Lauderdale, Florida.
Ideanomics Inc completed its all-stock acquisition of VIA Motors Inc for $630 million, after receiving regulatory approval. VIA Motors' management team, led by CEO Bob Purcell, has been retained.
Wolffkran won a contract to place 10 Model 700 B luffing-jib tower cranes at Intel's $20 billion semiconductor factory in Licking County, Ohio, being built by Bechtel. Construction started in late 2022, production scheduled for 2025.
Nucor Corporation announced it will build a new state-of-the-art transmission tower production plant in Decatur, Alabama, adjacent to its Nucor Steel Decatur mill. The project is expected to create 200 full-time jobs and is part of a $270 million investment for two plants.
TASKI acquired substantially all of the assets of NSS Enterprises, Inc. on February 22, 2023. The deal expands TASKI's product offering and its U.S. production footprint, with NSS production facilities in Toledo, Ohio continuing to serve customers.
Mott Corporation announced a new 65,000 square foot facility near its Farmington, Connecticut headquarters. It will create at least 100 local jobs, double production of its porous metal sheets for green hydrogen, and involve total investment of tens of millions of dollars.
Excelitas Technologies announced the acquisition of Phoseon Technology, a designer and manufacturer of LED-based industrial curing and scientific illumination solutions.
Auto body part manufacturer Sewon America is investing over $300 million to build a second facility in Rincon, Georgia, to produce EV body parts for OEMs including the Hyundai Metaplant. The project is expected to create 740 jobs.
AEM, a portfolio company of Industrial Growth Partners, acquired Central Semiconductor Corp., a designer and manufacturer of discrete semiconductor solutions, on February 21, 2023.
Diversatek Healthcare has acquired the G-Flex Group, a manufacturer and distributor of endoscopy devices and instruments. The acquisition adds over 250 SKUs and enhances Diversatek's global reach.
ThinKom secured a major production contract for an airborne, multi-band, conformal antenna solution to support a military partner.
Keystone Tower Systems and GE Renewable Energy installed the first commercial tapered spiral-welded wind tower with a 2.8 MW GE turbine, now fully operational.
Princo LLC, a joint venture of Premier Inc., Vario Labs LLC and Caretrust LLC, will invest up to $23.8 million to establish an 80,000-square-foot manufacturing facility in Norfolk, Virginia, creating 284 jobs to produce incontinence pads.
Flack Global Metals (FGM) reached an agreement to acquire Fabral, a manufacturer of metal roofing and wall systems, from OmniMax International. The deal is expected to close by end of February 2023.
ATC Manufacturing has been awarded an expanded long-term agreement by Boeing to supply thermoplastic composite components for all active Boeing commercial aircraft programs including 737, 767, 787, 777 and 777X. The expansion was announced on 2023-02-21.
The Timken Company announced on Feb 21, 2023, that General Dynamics Bath Iron Works awarded it a long-term contract to supply Philadelphia Gear main reduction gears for all future Flight III Arleigh Burke (DDG-51) class ships. The contract could generate over $500 million in revenue over 5-8 years, with production starting in 2024.
Clow Valve won Oskaloosa City Council approval for its application to the Iowa High Quality Jobs Program and tax exemption for a $75 million expansion at its Oskaloosa plant. The planned expansion covers 36,000 square feet.
Poclain invested $25 million in capital expenditure over two years at its Yorkville, Wisconsin plant, including a building extension and new motor and pump assembly line to meet demand.
Berry Metal Company announced on Feb 20, 2023, that it was awarded a contract by a major steel producer in the southern US for chemical energy equipment for an upper EAF shell.
Microchip Technology is investing $880 million to expand its Colorado Springs fab for silicon carbide and silicon device manufacturing, adding 8-inch wafer capability and anticipating 400 new jobs. The expansion includes equipment for both 6-inch and 8-inch SiC wafer fabrication.
Kindle Energy has begun construction of the 700 MW Magnolia Power Station, a combined-cycle gas power plant in Iberville Parish, Louisiana. The $750 million plant will start selling electricity in May 2025.
Kuraray, a Japanese specialty chemicals company, entered into a distribution partnership with Gehring-Montgomery, Inc. for its MOWITAL polyvinyl butyral (PVB) resins in North America, effective July 1, 2023.
Huntsman Corp. announced it has secured all regulatory approvals required to complete the sale of its textile effects division to Archroma.
BCPG Public Company Limited, through its new subsidiary BCPG USA Inc., formed a joint venture with Advanced Power to acquire a 49% stake in two entities that own stakes in two natural gas power plants in Ohio, totaling 151 MW owned capacity, for USD 115 million.
Microchip Technology plans to invest $880 million to expand silicon carbide and silicon production capacity at its Colorado Springs, Colorado facility, creating about 400 jobs.
Iowa approved a $318,000 award for Puck Customer Enterprises to invest in new equipment at its Manning facility, a $6 million capital investment expected to create 40 jobs by December 2025.
Iowa approved a $310,000 award for Mobile Track Solutions to improve its Elkader facility, with a capital investment of $11.45 million and 30 new jobs, scheduled for completion in Q1 2025.
Iowa Economic Development Authority approved a $1.15 million award for Clow Valve Co. to modernize its Oskaloosa facility with new equipment and automation, a capital investment of over $68 million due by December 2024.
Electronic Manufacturers Associated (EMA), a distributor of aircraft components, has been sold to a private investor. The acquisition closed on February 16, 2023.
Dairy and beverage packaging manufacturer Stanpac Inc. acquired JIT Manufacturing Inc., a New Jersey-based company specializing in rotary die cutting, slitting, rewinding and flexographic printing. The deal was finalized on January 31, 2023; terms were not disclosed.
Univar Solutions was appointed exclusive distributor of Automate oil-based dyes and authorized distributor of water-based dyes from Milliken for lubricants and metalworking fluids customers in the United States and Canada.
Funds managed by Clayton, Dubilier & Rice and Greenbriar Equity Group completed the acquisition and combination of Whitcraft Group and Paradigm Precision, forming a new company called Pursuit Aerospace, a global manufacturer of complex aircraft engine components.
UniFirst Corporation agreed to purchase Clean Uniform, an independent uniform and workwear provider, for $300 million. The acquisition includes Clean Uniform's 11 locations across Missouri, Illinois, Arkansas, Kansas and Oklahoma.
LyondellBasell and Nexus Circular signed a long-term contract for Nexus to supply approximately 24,000 tons per year of recycled feedstock from a new advanced recycling facility to be built in 2023, for use at LyondellBasell's Channelview, Texas facility.
Whitcraft merged with Paradigm Precision in February 2023 to form Pursuit Aerospace. Whitcraft manufactures precision parts for aircraft and engine industries.
Matalco completed its new aluminium ingot slab facility in Franklin, Kentucky, which began operations in December 2022. The plant has an annual capacity of 135,000 tonnes and was built for approximately $65 million.
PyroPhobic Systems Ltd. announced that its LithiumPrevent 200 fire-resistant material has been selected for application in General Motors' Ultium battery platform for electric vehicles. The program runs until 2030.
LyondellBasell signed a definite long-term contract with Nexus Circular for about 24,000 tons of advanced recycled feedstock per year, produced at Nexus's new facility, for use at LyondellBasell's Channelview, Texas plant.
ASPEQ Heating Group, backed by Industrial Growth Partners, has acquired the assets of BBC Industries, a Missouri-based manufacturer of infrared electric heaters and heating systems. The deal closed on February 15, 2023.
PolyMet Mining and Teck Resources finalized a 50-50 joint venture, NewRange Copper Nickel, to complete the copper-nickel mine PolyMet has been developing in northeastern Minnesota and potentially develop a separate mine on Teck's adjacent ore body.
Moog Aircraft Group plans to break ground on a 150,000 sq. ft. addition called the Advanced Integration Manufacturing (AIM) Center at its Elma campus, estimated to cost between $70 million and $80 million. The company is seeking a tax break from Erie County for the project, which is the first phase of a multi-year investment.
Dencept Dental acquired the licensing, manufacturing and distribution rights of the entire product portfolio of Beckmer Products, including hands-free dental devices such as Dental RAT, Blue Boa, and Boomer.
Pretzel Baron acquired and installed equipment at its Cincinnati, Ohio facility to add a second production line, expecting a 60% increase in annual production. The project cost $20,032,160 and is expected to create 110 full-time jobs.
Air India signed an agreement with GE Aerospace for 40 GEnx-1B and 20 GE9X engines, and with CFM International for over 800 LEAP engines, plus long-term service contracts, to power its new aircraft order.
Texas Instruments is investing $11 billion to expand its Lehi, Utah facility by building a new 300-millimeter semiconductor wafer fabrication plant as an extension of its existing fab. The expansion will create 800 new jobs.