ELDOR Corporation is constructing a 250,000 sq. ft. manufacturing facility in Botetourt County, Virginia, its first North American production operation. The $75 million investment is expected to create 350 jobs over five years, with test runs starting by January 2018.
Shin-Etsu Chemical Co., Ltd. will invest ¥2.4 billion to expand production capacity at its Shin-Etsu Silicones of America (SESA) Akron Plant in Ohio, including a new facility for silicone emulsions. Completion is targeted for mid-2019.
Trinidad Drilling Ltd. has acquired RigMinder Operating LLC for US$30 million, comprising US$25 million in cash and US$5 million in common shares, with additional contingent payments of up to US$10 million and an earnout. RigMinder provides drilling technology including directional drilling guidance and electronic data recording systems.
Evonik announced it will close on its $630 million acquisition of J.M. Huber Corporation's silica business on September 1, 2017.
Royal Philips and HeartFlow entered into a collaboration agreement to promote HeartFlow's FFRct Analysis with Philips' coronary catheters, initially focusing on the United States.
Modern Meadow, a start-up making lab-derived leather, will move its headquarters from Brooklyn, N.Y., to Nutley, N.J., occupying a 7,300 m² site on a former Roche campus that will also house lab space and a pilot manufacturing facility. New Jersey provided tax credits worth up to USD 32 million.
Toyo Tire Corporation will invest approximately 14 billion yen to construct a new building and install equipment at its Toyo Tire North America Manufacturing plant in Georgia, USA, adding annual capacity of 2.4 million tires (passenger car tire equivalent). The first phase, with 1.2 million tires capacity, will begin operations in April 2019.
Chinese clothing manufacturer Tianyuan Garments Company announced plans to open an apparel factory in Little Rock, Arkansas, fitted with 21 fully automated T-shirt production lines using Sewbot robots from SoftWear Automation. The factory will produce 800,000 T-shirts per day and employ 400 staff.
Schneider Electric helped Dow Corning upgrade its distributed control system at the Carrollton, Kentucky plant to the EcoStruxure Foxboro DCS. The project was completed ahead of schedule, giving Dow Corning two extra days of production and reducing capital expenditure by 50%.
Littelfuse, Inc. has entered into a definitive agreement to acquire all outstanding shares of IXYS Corporation in a cash and stock transaction valued at approximately $750 million equity value and $655 million enterprise value. IXYS is a power semiconductor and integrated circuit company.
Nordson SEALANT EQUIPMENT moved its line of business from Plymouth to a renovated Wixom, Michigan facility adding 30,000 square feet of manufacturing and office space and new demonstration and test areas.
Alta Equipment Company acquired the assets of YES Equipment & Services in Illinois, making Alta the Yale dealer in the northern Chicagoland market.
Kobe Steel and USS Corporation announced they will add a continuous hot-dip galvanizing line to their joint venture Protec in North America, investing approximately $4 million (440 billion yen) to meet growing demand for high-tensile steel sheets for automobiles. Commercial operation is expected to begin in July 2019.
Tiarco Chemical, a subsidiary of Textile Rubber & Chemical Company, is expanding its Dalton, Georgia chemical production facility to increase capacity by 40%. The expansion is scheduled to be fully operational by the second quarter of 2018.
Lockheed Martin's Syracuse plant won a contract worth up to $46.7 million from the U.S. Marine Corps to upgrade AN/TPS-59A radar systems. The initial award is $25.2 million, with 85% of work performed in Syracuse.
Johnson & Johnson subsidiary DePuy Synthes signed an exclusive agreement with JointPoint to co-market its hip surgery navigation software platform in the U.S. The companies plan to start co-marketing in the second half of 2017.
Cronus Fertilizers has signed an agreement with Thyssenkrupp Industrial Solutions (TKIS) to serve as the new EPC contractor for its fertilizer plant in Tuscola, Illinois. The fixed-price, lump-sum turnkey contract puts the project on track to start construction in 2018.
Wabco Holdings Inc. signed an agreement to acquire RH Sheppard Co., Inc., a supplier of commercial vehicle steering technologies, for $145 million. Sheppard is headquartered in Hanover, Pennsylvania.
CRH plc agreed to sell its Americas Distribution business to Beacon Roofing Supply, Inc. for $2.63 billion in cash. The divestment includes distribution operations across the Americas.
Ingevity Corp. agreed to acquire Georgia-Pacific's pine chemicals business for $315 million in cash. The deal includes assets at the Crossett, Arkansas plant and a 20-year crude tall oil supply contract.
Mercatus Engineering AB will deliver seven complete chip handling and coolant filtration systems for 14 Modig RigiMill portal milling machines, destined for an aerospace customer in the USA.
Arlington Capital Partners, a Washington DC-based private equity firm, acquired Tex Tech Industries, a manufacturer of specialty high performance materials for aerospace, defense, and industrial applications. The company is headquartered in Portland, Maine.
UTC Aerospace Systems opened an 80,000 square foot addition to its Foley, Alabama facility, which will supply parts and assembly for aircraft engines, and plans to add up to 260 new jobs.
BASF announced the completion of an investment to expand production of its mobile emissions catalysts manufacturing site in Huntsville, Alabama. The expansion began 18 months ago and created ten additional jobs.
Semtech Corporation announced that KingTing Tech (YoSmart) is committed to using Semtech's LoRa devices and wireless RF technology for its IoT smart home devices, including a HUB, thermostat, sprinkler, door lock, and smart outlet.
ATEX Inc. has announced a significant capacity increase for meltblown and composites production at its Gainesville, GA site, effectively doubling output.
China-based CW Bearing and Cixing Group Co. has acquired Drake Manufacturing Services Inc., a manufacturer in Champion Township, Ohio.
Vistra Energy completed the acquisition of the 1,054 MW combined cycle combustion turbine power plant in Odessa, Texas, from a subsidiary of Koch Ag & Energy Solutions, LLC.
ABB announced the acquisition of GE Industrial Solutions, GE's global electrification solutions business, for $2.6 billion. The deal is expected to close in H1 2018 and will strengthen ABB's #2 global position in electrification, expanding access to the North American market.
Fortive Corporation completed the acquisition of Industrial Scientific Corporation from the McElhattan family.
Meggitt Polymers & Composites will invest $30 million to expand its facility in Rockmart, Georgia, creating 211 new jobs in production, supervision, management, engineering, inspection and technical roles.
Banner Engineering broke ground on a $9.5 million, 54,000-square-foot research and development facility at its Plymouth campus, expected to support hiring of 225 new engineers over seven years.
Danos has secured a contract with Williams Partners to modify valve and piping at the Pine Needle LNG storage facility in Stokesdale, North Carolina, including replacing 27 pressure safety valves, over roughly four months.
Atlantic Packaging Products of Scarborough, Ontario, formed a strategic partnership with York Container Company of York, Pennsylvania, a US independent box maker; terms were not disclosed.
Amcor Rigid Plastics is closing its Batavia, Illinois plastic bottle factory, eliminating 110 jobs, with a rolling shutdown from September 2017 until March 2018 and equipment to be sold.
Amcor Rigid Plastics expanded extrusion blow molded PP and HDPE bottle capacity at plants in Batavia, Illinois, Fort Worth, Texas, and Brampton, Ontario, creating 30 jobs in a multi-million-dollar expansion.
Matson Inc. has signed contracts with Paceco Corp. for three new cranes and modifications to upgrade three existing cranes at its Sand Island Terminal in Honolulu Harbor, as part of a $60 million terminal expansion.
Broadcom's $5.9 billion takeover of Brocade has scored conditional approval from China's Ministry of Commerce, marking the latest clearance for the deal.
Nagase America, a subsidiary of NAGASE Group, acquired US-based specialty chemicals distributor Fitz Chem Corporation. Fitz Chem will operate as a wholly owned subsidiary under the name Fitz Chem LLC.
The Port of Virginia signed a contract with ZPMC to purchase four ship-to-shore cranes, the largest ever delivered to the U.S., as part of the $320 million expansion of Virginia International Gateway. The cranes are set for delivery in April 2019.
Conventus Polymers LLC has been appointed as a distributor of LG Chem's engineering thermoplastics in the U.S. and Canada, effective July 20, 2017. The agreement covers LG Chem's LUPOY, LUPOX, LUMID, and LUSEP product lines for injection molded applications in electrical/electronics and lighting industries.
bo parts GmbH, part of the FRIMO Group, is launching new operations in Greenville County, South Carolina, with a $4.1 million investment and 100 new jobs. The 60,000-square-foot facility at 129 Metro Court in Greer will produce low-volume service and production parts for automotive customers.
Kosmo Machine Inc. will invest $1 million in new equipment to increase production capacity at its precision manufacturing facility in Henrico County, Virginia. The expansion will create 36 new jobs.
Hoist Liftruck plans to hire 50 workers to build a new terminal tractor line at its East Chicago factory. The company aims to employ up to 500 by 2022.
Kosmo Machine Inc. will invest $1 million in new equipment to increase production capacity for precision components. The investment will create 36 jobs.
Metallenium, based in Lubbock, Texas, announced its strategic merger with Service Compression, a rental compressor fleet operator in Van Buren, Arkansas, for undisclosed cash and stock. The transaction closed in the second quarter of 2017.
Australian energy company Energy Developments (EDL) completed the acquisition of Granger Energy Services' landfill gas to energy business in the USA, comprising 16 operating sites with 85 MWe capacity.
LG Electronics announced plans to establish a $25 million factory for advanced electric-vehicle components in Hazel Park, Michigan. The 250,000-sq.-ft. facility will produce EV components starting in 2018, creating at least 292 new jobs.
AACOA, a division of Bonnell Aluminum, completed an $18 million expansion at its Niles, Michigan facility, adding 119,135 square feet of new space to accommodate a new state-of-the-art aluminum extrusion line. The expansion was constructed by J.A. Wagner Construction.
WaterBridge Resources acquired EnWater Solutions, a produced water gathering and disposal company in the southern Delaware Basin. The acquisition includes five saltwater disposal wells with over 100 miles of pipeline and nearly 150,000 barrels per day of disposal capacity.