Toyota Tsusho and Toyota Motor North America announced an additional $2.5 billion investment in Toyota Battery Manufacturing, North Carolina (TBMNC) to increase battery production capacity for electric vehicles. The investment will create 350 new jobs, bringing total employment to approximately 2,100. The plant is scheduled to begin operations in 2025.
The Schenectady County Metroplex Development Authority approved a two-phase expansion of E/One's Niskayuna, New York site. Phase one is a $6 million, 27,250 sq ft manufacturing and R&D addition, and it is projected to create 30 jobs over five years.
Delavan Ag Pumps, a division of Delavan Fluid Power, plans a manufacturing facility in Elkton, Todd County, Kentucky, with a $2.3 million investment creating 30 full-time jobs. Operations are expected to start in October.
LG Energy Solution and Honda Motor agreed to form a joint venture to produce lithium-ion batteries in the US for Honda electric vehicles. The investment is $4.4 billion.
Atlas Steel Products acquired Block Steel Corp. and Samson Roll Formed Products Company. Block Steel is a large aluminized steel processor and distributor, and Samson is a contract roll forming company. The sale was advised by Origin Merchant Partners and completed in August 2022.
Imaflex USA will invest up to $15 million and add 37 jobs for a building expansion and equipment at its Thomasville, North Carolina plant, producing polyethylene films, metalized films, and bags.
Second Sight Medical completed its merger with Nano Precision Medical in an all-stock transaction, with Nano Precision as the surviving company. The combined entity renamed to Vivani Medical and will focus on developing drug-device medical implants.
Thermal Concepts, a portfolio company of Trivest Partners and Halmos Capital, acquired Irvine Mechanical, an Orlando-based HVAC maintenance and installation services provider for commercial and industrial customers.
Lion Elastomers invested $22 million to construct a new multi-level production building with two finishing lines at its Geismar, Louisiana facility, increasing production capacity for EPDM rubber. Construction began in Q3 2021 and is in commissioning, with full production expected by end of 2022.
Newsight Imaging Ltd., an Israeli semiconductor company, signed a definitive agreement to merge with SPAC Vision Sensing Acquisition Corp., valuing Newsight at US$215 million. The combined company is expected to list on Nasdaq under the symbol NSIM.
Casper, Phillips & Associates Inc. (CP&A) has completed procurement and design review services for 10 rail-mounted gantry cranes manufactured by Konecranes for Georgia Ports Authority's Mason Mega Rail project in Savannah.
LG Energy Solution and Honda Motor have agreed to form a joint venture to produce lithium-ion batteries in the US. The facility will cost $4.4 billion.
Munters has received an order valued at approximately $176 million from a leading data center colocation operator in the US for SyCool Split systems and field service work. Deliveries are expected throughout 2024.
Imaflex USA, the US arm of Montréal-based Imaflex, will invest up to $15 million and add 37 jobs for a building expansion and equipment at its Thomasville plant in Davidson County, North Carolina.
Hydro is constructing a state-of-the-art aluminum recycling plant in Cassopolis, Michigan, to supply recycled aluminum to car makers and other industries. The plant is on track for start-up in the second half of 2023 and will employ about 70 people.
Sentry Equipment acquired Rebuild-it Services Group, a rebuilder and installer of clarifier drives and thickeners for municipal wastewater treatment applications based in West Jordan, Utah.
Hankook Tire & Technology announced a $612 million phase three expansion of its Clarksville, Tennessee plant, creating 397 new jobs. The expansion includes doubling PC/LT tire production and adding the first U.S. TBR tire production line.
LG Energy Solution and Honda Motor Co. agreed to establish a joint venture to produce lithium-ion batteries in the US, with a total investment of $4.4 billion and annual capacity of approximately 40 GWh. Construction is targeted to begin in early 2023, with mass production by the end of 2025.
GrayMatter Robotics, an AI-robotics company, announced a $20 million Series A investment to expand its team and meet growing customer demands for smart automation solutions in manufacturing.
Hankook Tire announced a $1.6 billion investment to expand its Tennessee plant in Clarksville, including Phase 2 (doubling PC/LT tire capacity) and Phase 3 (first US production of TBR tires). The expansion will add 1,200 jobs and increase total capacity to 12 million tires annually.
Clough, in partnership with Hyundai Engineering USA, was awarded a Front End Engineering Design (FEED) and EPC bid contract for Encina's Point Township Circular Manufacturing Facility in Pennsylvania, which will convert 450,000 tons per annum of end-of-life plastics into circular BTX chemicals.
medmix has signed a long-term lease agreement for a new facility near Atlanta, Georgia, USA, to support its Healthcare business area, including Drug Delivery, Dental, and Surgery segments.
IMCO Carbide Tool will invest $38.96 million to expand its facility in Perrysburg, Ohio, creating 92 jobs. The project includes a new corporate headquarters and is expected to begin in Q3 2022 and be completed by fall 2023.
Advanced Drainage Systems will invest $10.8 million to expand its corporate and engineering operations in Hilliard, Ohio, creating 200 jobs. The project includes a new Engineering & Technology Center and is expected to break ground in October 2022.
iDEAL Semiconductor Devices plans to expand its technology research and development in Bethlehem, Pennsylvania, creating at least 63 new jobs. The company is taking its technology to full production this year.
LFA Machines, a provider of tableting and encapsulation products, acquired Vivion Inc., a supplier of ingredient solutions, under holding company Operio Group. The acquisition expands LFA's product line and customer reach in North America.
ABEC Inc. will establish another ISO-7 cleanroom at its plant in Wilson, North Carolina, investing $11 million and creating 251 jobs. The 50,000 square foot expansion increases single-use disposable container manufacturing capacity.
Winsupply Inc. opened its new Richard W. Schwartz Center for Innovation on August 25.
GE Gas Power announced a $5 million investment over two years to add two production lines for aeroderivative gas turbines at its existing 1.55-million-square-foot facility in Greenville County, South Carolina. The lines will produce up to 12 units per year for the Americas market.
Komatsu broke ground on a 56,000-square-foot office and administration building at its manufacturing campus in Longview, Texas, as part of nearly $100 million in campus investments. The facility will consolidate functions from six buildings and is expected to be completed by December 2023.
Yazoo Mills partnered with Eberlé to complete a $3 million equipment project, part of a $6.5 million investment, adding high-speed paper tube winding lines and automated packaging systems at plants in New Oxford and Hanover, Pennsylvania.
Boom Supersonic signed a memorandum of agreement with Piedmont Triad Airport Authority giving it the option to lease an additional 61 acres for expansion of its supersonic jet manufacturing plant at Piedmont Triad International Airport.
Hyliion Holdings Corp. has entered into a definitive agreement to acquire the KARNO hydrogen and fuel agnostic generator technology from GE Additive. The generator will be integrated into Hyliion's Hypertruck powertrain platform.
GE will invest up to $5 million over two years in its Global Technology Center in Greenville, South Carolina, to create a second manufacturing hub for TM 2500 and LM2500XPRESS aeroderivative gas turbines, adding up to 25 jobs.
Storage Solutions Inc. has acquired EMIT Inc., a controls and automation engineering company specializing in material handling and storage equipment integration. EMIT will continue to operate from its offices in Austin, Texas and Nashville, Tennessee.
L3Harris Technologies has received a potential $96.5 million contract from the U.S. Air Force to produce Group B Ground and System Integration Lab materials. Work will occur at the contractor's facility in Greenville, Texas, through June 30, 2024.
Shinhwa Auto USA Corp. will invest $78 million to build a new 400,000-sq.-ft. aluminum auto parts manufacturing facility in Auburn, Alabama, creating 42 jobs over three years.
Rosina Food Products completed a $73.2 million expansion with a new 105,000 sq ft plant in West Seneca, Erie County, New York. The facility will produce frozen meatballs, sliced sausage, and toppings, creating 40 jobs and retaining 500 jobs.
Bridgestone Americas will invest $550 million to expand its truck and bus radial tire plant in Morrison, Tennessee, adding 850,000 sq ft and creating 380 jobs. Construction is expected to be substantially completed by May 2024.
GE will invest up to $5 million over two years in its Global Technology Center in Greenville, South Carolina, to add a second manufacturing hub for TM 2500 and LM2500XPRESS aeroderivative gas turbines, creating up to 25 jobs.
Komatsu broke ground on a 56,000 sq ft office and administration building at its Longview, Texas campus, consolidating functions from six buildings. The project is part of nearly $100 million in investments at the campus, with move-in targeted for December 2023.
APG POLYTECH USA HOLDINGS, a subsidiary of Far Eastern New Century, has approved a capital increase of approximately US$10.88 million in Corpus Christi Polymers, LLC, increasing its investment in the US.
Triad Control Systems, LLC announced it has entered into an agreement to purchase certain assets and contracts of CJ Automation and Controls, LLC. The transaction is scheduled to close on or about September 1, 2022.
JTM Foods broke ground on a new manufacturing facility in the ict21 Industrial District in north Wichita, Kansas, to produce JJ's Snack Pies. The company plans to invest $40 million and hire 150 people within two years. The plant is scheduled to open in 2023.
Wildpack Beverage entered a long-term supply agreement with Ball Corporation for sustainable aluminium beverage packaging, extending its printed can and warehousing services to all its US locations.
Platte River Equity announced the acquisition of Belt Power, a distributor and fabricator of conveyor system components, from Shorehill Capital.
eBay has acquired the myFitment group of companies, including myFitment, LLC and Illumaware, LLC, a software solution provider for automotive parts sellers.
Siemens Energy's SGT6-9000HL turbine at Duke Energy's Lincoln Combustion Turbine Station in North Carolina achieved a Guinness World Record for most powerful simple-cycle gas power plant with 410.9 MW output. The plant is expected to be fully operational in 2024.
Precision Aviation Group has entered into a definitive agreement to acquire PTB Group, an MRO provider for Pratt & Whitney PT6 and Honeywell TPE331 engines, for an undisclosed amount. The deal is expected to close in Q4 2022.
A unit of Dana Inc. plans to open a $54.2 million electric vehicle battery cooling plant in suburban Detroit, creating 200 new jobs. Production is expected to begin in 2023, with all jobs filled by the end of 2024.