Huvis and Indorama Ventures signed a final agreement on June 18, 2018, to establish a 50/50 joint venture, Huvis Indorama Advanced Materials LLC, in the US. The JV will build a 60,000-tonne-per-year low-melting fiber production line, with commercial production targeted for the second half of 2019.
Samkee Automotive signed a contract to supply T/CHAIN COVER & CRANKCASE to Hyundai and Kia Motors for the North American market. The contract is valued at approximately 65.3 billion KRW and runs from February 1, 2019 to December 31, 2022.
Bromford Industries, a UK-based aerospace components supplier, acquired AeroCision, a Connecticut-based supplier of engine components. Citizens Bank led a new credit facility to fund the acquisition.
ASI Mining has begun work on a project with Barrick Gold to retrofit and automate a fleet of five Komatsu 930E Ultra Class haul trucks at the Arturo Joint Venture operation in Nevada.
SEPAC, a manufacturer of motion control products, and Placid Industries, a manufacturer of magnetic particle brakes/clutches, have completed their merger and integration, with Placid relocating to SEPAC's headquarters in Elmira, NY.
Komatsu is buying Joy Global for $3.7 billion, as reported on June 18, 2018.
Zeeland Farm Services (ZFS Ithaca) is constructing a $129 million soybean processing and feed ingredients plant at a former ethanol plant site in Ithaca, Michigan, with equipment installation by JJ Curran Crane Company.
U.S. Tsubaki Holdings, Inc., a subsidiary of Tsubakimoto Chain Co., acquired Central Conveyor Company LLC from New State Capital Partners for approximately $140 million. The transaction closed on June 15, 2018.
IMCD N.V., a Netherlands-based distributor of specialty chemicals and food ingredients, signed an agreement to acquire 100% of the shares of E.T. Horn Company, a US specialty chemicals distributor. Horn generated $276 million in revenue in 2017, with a normalized EBITDA of $12 million and approximately 200 employees.
Vestas Wind Systems received an order from Xcel Energy for 442MW of wind turbines (V116-2.0MW and V110-2.0MW models) to be installed across 12 wind farms in seven US states. The contract includes a 10-year service agreement, with deliveries starting in Q4 2018.
MACRO Industries of Huntsville, Alabama received a $20,475,867 fixed-price contract from the Naval Air Warfare Center Aircraft Division to supply up to 200 Ballistic Protection System panel sets and single floor spares for the V-22 Osprey aircraft. Work will be performed in Huntsville and is expected to be completed by June 2023.
Carolina Metal Finishing is expanding its existing facility in Bishopville, South Carolina, with a $1 million investment, adding 12,000 square feet and creating 20 new jobs.
NioCorp Developments Ltd. contracted Rockwell Automation to engineer, design and procure process automation and instrumentation for its critical minerals mining and processing facility in Elk Creek, Nebraska. System integration will be provided by MAVERICK Technologies, and Endress+Hauser will provide field instrumentation.
Chromalloy won a six-year, firm-fixed-price, indefinite-delivery/indefinite-quantity contract from the U.S. Navy to repair and refurbish high-pressure hot-section parts for LM2500 gas turbine engines, with work to be carried out at its Carson City, Nevada operations through May 2024.
Kerotest Manufacturing proposed a $4.3 million expansion of its Mansura valve plant, adding a 30,000 sq ft building and about 50 permanent jobs, with new equipment purchases of over $2.8 million.
Demmel celebrated the opening of its location on the former Fairgrounds site in East Flat Rock, Henderson County, North Carolina, on June 15, 2018. The company will invest more than $4 million and employ 50 people making emblems and silplates for BMW and Tesla.
Glatfelter opened a new advanced air-laid materials manufacturing plant in Fort Smith, Arkansas, with a capacity of 22,000 short tons per year, representing a $90 million investment.
Ecotex Healthcare Linen Service and its Midwest Healthcare Linen Service business unit have entered a long-term agreement to become the laundry and linen partner for all UnityPoint Health hospitals in Iowa and Illinois, effective July 1, 2018. Ecotex is also purchasing UnityPoint Health's large-scale laundry facility in Des Moines.
GCC expects to commission the expansion of its cement plant in Rapid City, South Dakota in the second half of 2018, increasing total production capacity to 5.8Mta.
Chinese regulators approved Qualcomm's proposed $44 billion merger with NXP Semiconductors, clearing the last major regulatory barrier for the deal.
NASA awarded Teledyne Scientific & Imaging a $23 million contract to produce 72 Short Wave Infra-Red Sensor Chip Assemblies for the WFIRST astronomy mission. The 29-month contract runs through October 31, 2020.
Orion Group Holdings, Inc. was awarded an $18 million contract for work at the Port of Corpus Christi, Texas.
Van Tongeren, a UK aggregate equipment manufacturer, opened its new North American headquarters in Lebanon, Pennsylvania.
Nidec Motor Company will expand its existing operations in Lexington, Tennessee, investing $18 million and creating 301 new jobs. The expansion will add new products and modify the existing facility.
Hefei Risever Machinery (Risever), a Chinese heavy equipment parts manufacturer, broke ground on a $20 million facility in Jonesboro, Arkansas, on June 15, 2018. The plant will employ 130 workers.
Mondi is adding manufacturing capacity and new equipment at its Jackson, MO facility to produce premium flat-bottom bags for food, pet food and personal care markets. The expansion will be fully operational by the third quarter of 2018.
Stone Canyon Industries, through subsidiary BWAY, agreed to acquire the parent of Industrial Container Services from Centerbridge Partners in a cash-and-stock deal with an enterprise value of about $1.0 billion. Closing is subject to regulatory approvals.
Covestro LLC officially started an expansion at its production facility in New Martinsville, West Virginia, increasing annual TPU production capacity in North America by 25% through debottlenecking. A ribbon-cutting ceremony inaugurated the expanded Texin TPU production line.
Eastman completed a Tritan copolyester expansion at its Kingsport, Tennessee site and announced an additional expansion of copolyester production, expected to be complete in Q3 2018, increasing PETG and PCTG capacities by approximately 25%.
Orège announced the sale of an SLG sludge conditioning solution to the Trinity River Authority of Texas for approximately $400,000. The system will be deployed at a wastewater treatment plant in Arlington, Texas.
STAr Technologies, a Taiwan-based semiconductor probe card provider, has acquired ProbeLogic, a probe card manufacturer in San Jose, California. The purchase includes assets, people, and customer contracts.
BorgWarner opened a new 100,000 square-foot technical center in Noblesville, Indiana, consolidating operations from two existing facilities. The center features a state-of-the-art lab to expand R&D and testing capabilities for hybrid and electric products.
Barnhart reached a definitive agreement to purchase Strate Line, a crane service based in Coeur d'Alene, Idaho, to expand its services in the Northwestern US.
The U.S. Bureau of Reclamation awarded a $21.7 million contract to Greenberry Industrial LLC to replace reverse flow gates at the John W. Keys III Pump Generating Plant in Grand Coulee, Washington. Work is scheduled to run from late 2018 to 2024.
Baker Hughes, a GE company, will supply six gas turbines and compressors for the third liquefaction train at Cheniere's Corpus Christi LNG project in Texas, ordered through Bechtel. The project's aggregate capacity is about 13.5 MTPA once all three trains are complete.
Tyson Foods has chosen Pas Reform and NatureForm to equip the hatchery of its new chicken production complex in Humboldt, Tennessee. The hatchery will have a weekly capacity of 1.7 million eggs and is expected to open in 2019.
Belcan, a global supplier of engineering and supply chain services, acquired Allegiant International, a professional services network with over 750 professionals. The transaction closed on June 13, 2018.
Cook Medical announced plans to acquire an old R.J. Reynolds cigarette factory in Winston-Salem, North Carolina, and convert it into a medical device manufacturing plant. Renovations are slated to begin in late 2019, with operations planned for launch in late 2021 or early 2022.
CMIT has signed a six-year contract with Eli Lilly/AVID to produce F-18 labeled AV-1451 PET radiopharmaceutical for early detection of Alzheimer's disease at its Southern Isotopes facility in Shreveport.
Albaad USA Inc. announced a $45 million investment to expand its operations in Reidsville, North Carolina, creating 302 jobs.
BD (Becton, Dickinson and Company) announced a $150 million investment in its existing Sumter County manufacturing facility, creating 125 new jobs.
Jacobs Engineering Group, together with Akima Support Operations, was awarded a $131.7 million subcontract for Facilities Operations and Maintenance Services at NASA Goddard Space Flight Center in Greenbelt, Maryland. The five-year contract began in April 2018 and includes maintenance of power plant, boiler, and refrigeration systems.
Daikin Applied Americas plans a $40 million project to convert a former Malt-o-Meal distribution center into a new assembly line in Faribault, Minnesota. The city, county, and EDA approved a $4.8 million assistance package including a $1.6 million property tax abatement and a $150,000 forgivable loan.
Becton Dickinson has agreed to invest up to $150 million into its Sumter, South Carolina facilities, adding 125 jobs. The investment was approved by the Sumter County Council.
Dow Chemical's silicone processing plant in Carrollton, Kentucky, received a production upgrade with Schneider Electric's EcoStruxure distributed control system, replacing older field control processors to improve data visibility and support increased polymer production.
J.W. Speaker, a specialty lighting manufacturer, is investing $46 million to expand its manufacturing facility in Germantown, Wisconsin, by 140,000 square feet. The project is expected to create 100 new jobs over three years.
Hexagon Federal Inc. was awarded a $60.8 million firm-fixed-price contract by the U.S. Navy for the procurement of commercial Ruggedized Marine Hardware systems for installation on various ship classes. Work will be performed in Philadelphia, Pennsylvania, with completion expected by May 2024.
The Donaldson Company is planning a $35 million expansion of its existing plant in Frankfort, Indiana, which would add close to 85 new jobs. The Frankfort City Council approved tax abatement resolutions for the project, which is still subject to a public hearing.
General Motors completed a $119 million expansion at its GM Components Holdings plant in Wyoming, Michigan, adding a new assembly line for front and rear axles for the 2019 Chevrolet Silverado and GMC Sierra pickup trucks. The line started production in June 2018, creating 250 jobs with 50 more planned.
OriginClear has entered into a licensing agreement with Water Technologies International for its Electro Water Separation with Advanced Oxidation technology in the Southeast USA. OriginClear also purchased approximately 9% of WTII common stock and lent funds to help WTII acquire WaterZone.