Transocean signed a rig design, construction management and five-year drilling contract with Chevron USA for an ultra-deepwater drillship being built at Jurong shipyard, with an estimated backlog of $830 million, for Gulf of Mexico operations from 2H 2021.
Huntington Ingalls Industries' Newport News Shipbuilding division received a $228.8M contract modification from the U.S. Navy to obtain additional materials for the USS Enterprise (CVN 80) aircraft carrier. Work will be performed through January 2023.
Precision Pulley and Idler (PPI) will locate a $10.75 million manufacturing and distribution operation in Maysville, Kentucky, creating 134 full-time jobs over 10 years. The facility will be in an existing 105,000-square-foot building on Progress Drive.
Vestas received a 359-MW order from Phoenix Wind Repower to repower three Texas wind projects (Trinity Hills, Sherbino Mesa II, Silver Star) by replacing Clipper turbines with V110-2.2 MW turbines. The order includes supply, installation, commissioning, and a 10-year service agreement.
M. Holland Company has been selected by Borealis to distribute its polyolefins in North America, including filled PP from Borealis' new compounding facility in Taylorsville, North Carolina, as well as imported PP, PE, and Queo polyolefin plastomers and elastomers.
Lockheed Martin Aeronautics Co. received a $712,482,210 delivery order from the U.S. Navy for development of advanced hardware for the F-35 Lightning II Technology Refresh 3 system. Work will be performed in Fort Worth, Texas, and is expected to be completed by March 2023.
Alfa Laval won an order worth approximately SEK 60 million to supply separation equipment to a food processing company in the US, with deliveries scheduled for 2019.
CEMEX will supply ready-mix concrete for Phase 1 of the 2.25 million square foot Plaza Coral Gables mixed-use project in Florida, estimated to cost $400 million.
Peterman Heating, Cooling and Plumbing will build a $2 million, 20,000-square-foot headquarters facility in Greenwood, Indiana, creating 60 new jobs over five years. Construction is expected to begin in summer 2019 and finish by March 2020.
Fives was awarded a contract by Steel Dynamics to design, supply and commission a new continuous hot dip galvanizing line (CGL No. 3) at the Columbus, Mississippi plant. The $140 million investment will add 400,000 tons per year capacity, expected to be commissioned in mid-2020.
Faith Technologies announced the expansion of its Excellerate division with the construction of a 225,000-square-foot building in Little Chute, Wisconsin, which will serve as its headquarters and construction innovation center. Construction will begin in spring 2019 and is expected to be completed in fall 2019, adding more than 200 jobs.
DMC Power, a maker of connection systems for transmission, distribution and substation projects, will locate in the former Nissan North America facility in Olive Branch, Mississippi, with an $8 million investment creating 125 jobs over five years.
Printpack Inc. is expanding its Prescott Valley, Arizona plant with a 40,000-square-foot addition and new equipment, investing over $40 million. The project is expected to be completed by March or April 2019 and will create about 30 new jobs over two to three years.
The Federal Trade Commission cleared Corpus Christi Polymers LLC, a joint venture of Alpek, Indorama Ventures and Far Eastern New Century, to acquire a $1.1 billion plastic material production plant in Corpus Christi, Texas, as part of a settlement resolving antitrust concerns.
CPI Aerostructures Inc. acquired Welding Metallurgy Inc. (WMI) from Air Industries Group Inc. WMI provides welded products and assemblies to defense and aerospace markets, and its operations will be integrated into CPI's Edgewood, New York headquarters by Q1 2019.
LS Power completed its acquisition of Enerwise Global Technologies (trade name CPower), a demand-side energy management company, for a private fund it manages. CPower will operate as a stand-alone entity under LS Power.
Danfoss held a groundbreaking ceremony for a 44,000-square-foot expansion of its facility in Tallahassee, Florida. The project will create 120 permanent jobs and is projected to generate $129.8 million in economic output.
Kosei has completed the acquisition of AAP St. Marys, a former Hitachi Metals subsidiary in St. Marys, Ohio. The city welcomed Kosei's commitment to the community.
Diversified Foods and Seasonings will invest $12 million to expand and upgrade its food manufacturing facility near Madisonville, Louisiana, creating 44 new direct jobs and retaining 120 existing jobs. A major production line will be moved from Nebraska City to Madisonville.
Ineos Styrolution announced a final investment decision to construct a 100,000 ton capacity ASA plant at its Bayport, Texas site. The plant is scheduled to start up in 2021. A contract for engineering, procurement, and construction was awarded to WorleyParsons.
Grupo Cementos de Chihuahua (GCC) announced the expansion of its Dacotah cement plant in Rapid City, South Dakota, adding 440,000 tpa capacity. The $105 million project, started in 2016, is now operational, increasing total capacity to 1.167 Mta.
Aggregate Industries, part of LafargeHolcim, secured a contract to supply up to 250,000 cubic yards of ready mixed concrete for the Metro Green Line extension in Minneapolis, a $2 billion public works project.
Bell Boeing Joint Project Office received a potential three-year, $1.1 billion contract to provide logistics and repair services for components of the Osprey aircraft fleet for the U.S. Navy and Air Force. Work will be performed in Fort Worth, Texas and Ridley Park, Pennsylvania.
Grand Traverse Plastics, a Tier 1 supplier of molded functional parts for automotive, material handling, commercial vehicle and industrial markets, was sold to a private equity firm.
Greenheck Group completed phase one of its Tulsa campus, a $100 million investment that will employ 600 people. Phase two, adding 160,000 square feet of manufacturing space, is planned to open in early 2020.
Alpek Polyester's operational subsidiary DAK Americas has agreed to acquire the Perpetual PET recycling plant of Perpetual Recycling Solutions in Richmond, Indiana, with capacity of 45,000 tonnes of rPET flake per year; financial terms are undisclosed and completion is scheduled for Q1 2019.
The US FTC granted early termination of Alfa, S.A.B. de C.V.'s acquisition of M&G Resins USA, LLC, a resin producer, on December 21, 2018.
Boeing Sikorsky Aircraft Support, a joint venture of Boeing and Sikorsky, was awarded a $1.1 billion contract by the U.S. Department of Defense for life cycle support of MH-6, MH-47 and MH-60 helicopters for U.S. Special Operations Command. The contract covers a seven-year ordering period starting January 1, 2019, with most work in Fort Campbell, Kentucky.
Landmark Equipment, a Pettibone dealer in Portland, Oregon, was sold by retiring owner Earl Rund to long-term employees John Gunderson and Rick Nivens.
Novartis AG completed its acquisition of Endocyte Inc. for $24 per share in cash, totaling approximately $2 billion. The deal was originally announced on October 17, 2018.
Lockheed Martin Corp has been awarded a $997 million U.S. defense contract for the upgrade of 84 F-16 aircraft to the V-configuration.
YakAttack, LLC, a manufacturer of kayak fishing accessories, will relocate its operation to the STEPS Centre in Farmville, Prince Edward County, Virginia. The project includes an investment of $3.4 million and will create 34 new jobs.
Emerald Textiles commenced construction on a new 60 million-pound capacity linen processing facility in Livingston, California. The facility is scheduled to be complete by Q3 2019.
Jeffrey Layer, founder of BD Electrical, purchased metal fabricator Dedoes Innovative Manufacturing in Fowlerville, Michigan, last month. The acquisition will increase capacity by about 50% and enable new product launches.
EPTAM, a portfolio company of New Heritage Capital, acquired substantially all assets of Relius Medical, a provider of complex metals machining solutions for the medical device market in Colorado Springs, Colorado.
McAirlaid's Inc., the U.S. subsidiary of Germany-based McAirlaid's Vliesstoffe GmbH, plans a $7.8 million expansion at its Franklin County, Virginia facility, creating 25 jobs.
DENSO celebrated the completion of Plant 204 in Maryville, Tennessee, part of a $1 billion investment adding 360,000 square feet and 1,000 jobs. Production of advanced systems for electric and autonomous vehicles will begin in spring 2019.
Hitachi Metals, parent of AAP St. Marys Corp., plans to sell the aluminum wheel manufacturing company to Kosei Aluminum of Japan. The sale is expected to occur March 1, 2019, with no layoffs planned.
Kobe Steel plans to invest $42 million to double the capacity of its aluminum extrusion plant in Kentucky from 500 t/month to 1,000 t/month by the first half of 2020, with installation of new furnaces and extruders.
Teledyne Technologies agreed to buy Roper Industries' scientific imaging businesses, including Princeton Instruments, Photometrics, and Lumenera, for $225 million in cash. The deal is expected to close in early 2019.
San Francisco International Airport named Southland Industries mechanical engineer of record for the $650 million Terminal 3 West Modernization Project, with completion slated for December 2022. Southland will provide design-build mechanical, plumbing and building automation services.
INEOS Styrolution made the final investment decision to build a new 100kt ASA plant at its Bayport, Texas site, with start-up scheduled for 2021. WorleyParsons was awarded the engineering, procurement and construction contract.
Greif agreed to acquire recycled paperboard maker Caraustar Industries from H.I.G. Capital in a cash deal valued at $1.8 billion. Closing is expected in Q1 2019, with at least $45 million of annual cost synergies identified.
Baker Hughes was selected as key supplier of Masoneilan control valves and Consolidated safety relief valves for Venture Global's LNG liquefaction facility in Louisiana, USA. The order includes nearly 1,000 valves and is the first phase of three plants.
Renesas Electronics Corporation and Integrated Device Technology (IDT) received clearance from China's State Administration for Market Regulation for their planned merger, announced on September 10, 2018. IDT will merge into a Renesas subsidiary.
SIMONA AG acquired Premier Material Concepts, a US-based extrusion company specializing in plastic sheet products for recreational vehicles, agricultural, and industrial applications, from Bertram Capital. Premier Material Concepts had annual revenue of approximately USD 27 million in 2017.
AVL was awarded a contract by the California Air Resources Board to provide emissions lab test equipment for a new advanced emissions laboratory.
Medtronic closed its $1.7 billion acquisition of Mazor Robotics, and announced FDA 510(k) clearance for the jointly developed Mazor X Stealth device.
Alcon, a division of Novartis, has acquired Tear Film Innovations, Inc., manufacturer of the iLux Device for treating Meibomian Gland Dysfunction. The deal expands Alcon's dry eye portfolio.
Networking technology supplier Cisco confirmed it intends to acquire US-based fabless semiconductor maker Luxtera in a $660 million deal, integrating its silicon photonics optical transceivers into Cisco's product range.