Hiab, part of Cargotec, secured orders totaling EUR 25.4 million from three US customers for MOFFETT truck-mounted forklifts and HIAB loader cranes. The orders were booked in Q4 2024 with deliveries starting in 2025.
SGS SA acquired MP Machinery and Testing LLC from Praesidian Capital on January 21, 2025. The acquisition was announced and completed on the same day.
Vigon International, an Azelis company, signed an exclusive distribution agreement with Natara to offer Natara's botanical extracts and specialty molecules to select customers in North America, effective March 1, 2025.
MicroAire Surgical Instruments acquired NEOSYAD, a medical device company with adipose tissue engineering technology including the AdiMate device and Adipure single-use kit.
Weidmann Electrical Technology has started construction on a $44 million expansion of its St. Johnsbury, Vermont plant, adding 21,500 square feet, a new 10,000-square-foot warehouse, and new equipment. The project is expected to create 67 new jobs.
Bruks Siwertell secured a follow-up order from St Marys Cement for an air-supported Tubulator conveyor at its Charlevoix, Michigan plant. The 89-meter conveyor will transfer alternative low-carbon fuels and is scheduled for installation in May 2025.
Fibroline, a French developer of dry powder impregnation technology, partnered with textile machinery firm Navis TubeTex to launch a new innovation lab in North Carolina. The lab will provide resources for advanced textiles.
Serve Robotics Inc. has entered into an agreement to acquire Diligent Robotics, a provider of AI-powered hospital delivery robots. Diligent has raised over $100 million and its Moxi robot is deployed in over 25 hospital facilities.
Redwire Corporation has signed a definitive agreement to acquire Edge Autonomy, a provider of uncrewed airborne systems, for $925 million on a debt-free, cash-free basis. The consideration includes $150 million in cash and $775 million in Redwire common stock.
GEON Performance Solutions has acquired Foster Corporation, a compounder of biomedical polymers for the healthcare and medical device industry. The acquisition enhances GEON's position in the medical market.
Omaha Public Power District has partnered with Kiewit Corporation to add new natural gas generation and upgrade existing turbines. The project includes three new natural gas units at Cass County Station and one at Turtle Creek Station, each generating up to 225 MW, with construction starting in spring 2025.
HD Hyundai Electric plans to invest 400 billion won ($274 million) to expand transformer production capacity by about 30% at its plants in Alabama, US, and Ulsan, South Korea by early 2026.
BMW's plant in Spartanburg, South Carolina has unveiled an expanded assembly line following a nearly $2 billion investment. The expansion increased the assembly hall by over 50% and will enable production of fully electric, hybrid, and internal combustion vehicles.
Corning Incorporated is investing up to $315 million in its Canton, New York facility to increase production of High Purity Fused Silica and EXTREME Ultra Low Expansion glass for semiconductor lithography. The project is expected to create up to 130 new manufacturing jobs and 175 construction jobs.
Genesis Products has been named the exclusive supplier of Gurit's Kerdyn PET structural foam core for office and commercial interior applications in North America under a long-term supply contract.
GlobalFoundries plans to invest approximately $575 million to build a new NY Advanced Packaging and Photonics Center in Saratoga County, New York, supported by an additional $75 million from the CHIPS and Science Act. The project is expected to create 100 new jobs.
The U.S. Department of Commerce finalized a $93 million award to Infinera under the CHIPS and Science Act to support construction of a new fab in San Jose, California, and a new advanced test and packaging facility in Bethlehem, Pennsylvania. The projects are expected to create 500 manufacturing jobs and 1,200 construction jobs.
NISSEI PLASTIC INDUSTRIAL CO., LTD. completed the factory expansion of its US production base in Texas. The added building will be operational from February 2025, enabling assembly of injection molding machines with clamping force up to 29,400 kN (3,000 tons).
Invenergy and Hubbell announced a supply chain agreement for the Grain Belt Express transmission line, with a supply order valued at approximately $70 million, supporting jobs in Centralia, MO, Leeds, AL, and Aiken, SC.
Analog Devices is set to receive up to $105 million in CHIPS Act funding, including $80 million for expanding its semiconductor manufacturing plants in Camas, Washington, and Beaverton, Oregon. The expansion will increase analog semiconductor production by 70% and create hundreds of jobs.
Wärtsilä signed a ten-year Long-Term Optimised Maintenance Agreement with Xcel Energy covering two new power plants in Minnesota and Wisconsin: the 29 MW Blue Lake plant and the 48 MW Wheaton plant. The order was booked in Q3 2024.
Daher received approval for a long-term lease of its aerostructures facility in Stuart, Florida, and intends to create a final assembly line for its TBM/Kodiak aircraft families at the site. The facility currently employs 700 people.
Filtration Technology Corporation (FTC) expanded its manufacturing headquarters in Houston by 55,000 square feet, bringing total footprint to 130,000 square feet. The expansion was completed in December 2024.
Anduril Industries announced plans to build Arsenal-1, a 5-million-square-foot hyperscale manufacturing facility in Columbus, Ohio, with an investment of nearly $1 billion. The facility will produce tens of thousands of autonomous systems and weapons annually, with first products expected in July 2026.
Hydro received a $17.4 million tax credit from the U.S. Department of Energy for the HyForge project at its Henderson, Kentucky aluminum recycling plant. The project will expand capacity by 28,000 tonnes per year and supply the U.S. automotive market with low-carbon forging stock.
Pro Medicus has signed a 9-year, A$33 million contract with the University of Kentucky to implement its cloud-based Visage 7 Enterprise Imaging Platform throughout the university's health system, replacing legacy PACS. Go-live is targeted for Q2 2025.
Irving Consumer Products announced a USD 600 million Phase 3 expansion at its Macon, Georgia tissue mill, adding 100 jobs, a third ThruAir Drying machine, converting lines and an automated warehouse.
Valmet will deliver a third Advantage ThruAir Drying tissue machine and complete tissue production line to Irving Consumer Products' Macon, Georgia mill, with startup planned for 2027 and 75,000 tons of added annual capacity.
MP Materials announced it has started trial manufacturing of neodymium-iron-boron (NdFeB) magnets at its Independence facility in Fort Worth, Texas. The facility has an initial capacity of 1,000 tonnes per annum, with potential to scale to 2,000-3,000 tonnes, and will supply magnets to General Motors.
American Water Works Company announced a nine-year exclusive supply contract with Calgon Carbon Corporation for granular activated carbon, equipment, and reactivation services for PFAS treatment through 2033.
Game Composites, rebranded as Game Aerospace, acquired Grove Aircraft Landing Gear Systems to vertically integrate critical component manufacturing and accelerate development of the GB2 aerial firefighting aircraft.
Micross Components closed the acquisition of Integra Technologies, a U.S.-based OSAT provider, to expand its semiconductor assembly, packaging and test capabilities.
SHINE Technologies entered a supply agreement with Antelope Surgical Solutions to provide GMP-grade n.c.a. lutetium-177 (Lu-177) to accelerate Antelope's clinical development of targeted radiopharmaceutical candidates. Financial terms were not disclosed.
May River Capital merged its portfolio companies Advanced Material Processing (AMP) and Automated Handling Solutions (AHS) into a single platform headquartered in Charlotte, North Carolina, with centers of excellence in Iowa, California, the UK, and Germany.
Feintool is investing $35 million to expand its Nashville, Tennessee facility by 47,000 square feet, adding a new 1600-ton direct servo transfer press and other equipment. The expansion will create up to 50 new jobs and produce hybrid transmission parts, with operational date in Q1 2025.
Spectro Alloys has completed the first construction phase of a 90,000-square-foot expansion at its Rosemount campus, adding 120 million pounds per year of recycling capacity and creating 50 new jobs. First production is expected in the second half of 2025.
Parsons Corporation has initiated a task order extension under an eight-year, $110 million contract with Black & Veatch to provide construction management services for the San Diego Pure Water Program, including the North City Pure Water Facility.
Norwegian company Vianode has signed a multi-billion-dollar contract to supply synthetic graphite to General Motors for electric vehicles. Vianode plans to build a North American plant with capacity of up to 150,000 tonnes per year, with production starting in the second half of 2027.
BD announced additional investments in its U.S. manufacturing network, including new needle and syringe production lines in Connecticut and Nebraska, and plans for over $30 million in 2025 to expand IV line capacity in Utah. The company hired more than 215 employees.
BD has plans for more than $30 million in investments in 2025 to expand manufacturing capacity for IV lines at its plant in Utah to support continued growth in catheter solutions.
BD (Becton, Dickinson and Company) announced additional investments in its U.S. manufacturing network, including over $10 million in 2024 to install new needle and syringe production lines at plants in Connecticut and Nebraska, adding hundreds of millions of units annually and hiring more than 215 employees. The company also plans over $30 million in 2025 investments to expand IV line capacity at its Utah plant.
Filling and closing machine maker groninger USA will invest $15.1 million to expand its manufacturing operations in Charlotte's Steele Creek submarket, creating 60 new jobs.
Canadian beverage maker Cardiff Products Corp. will invest $99.6 million to open an aseptic co-packaging facility in the Saxe Gotha Industrial Park in Lexington County, South Carolina, creating 94 jobs.
Volvo Construction Equipment and Herc Rentals signed a multi-year agreement for Volvo to supply several hundred EC37 compact excavators to Herc Rentals' North American fleet. The agreement was announced on January 14, 2025.
Nagase America LLC has been appointed as a distributor in ten midwestern states for Westlake Epoxy Inc.'s epoxy systems, including EPON resins, EPI-REZ waterborne resins, EPIKURE curing agents, and HELOXY modifiers.
Starfrost was awarded a contract to design and install a Hybrid Tunnel Freezer for a leading meat manufacturer in the USA, supporting a new processing line for minced meat production.
MACOM announced a five-year strategic investment plan of up to $345 million to modernize its semiconductor wafer fabrication facilities in Massachusetts and North Carolina, supported by up to $70 million in proposed CHIPS Act funding.
United Rentals announced a definitive agreement to acquire H&E Equipment Services for $92 per share in cash, representing a total enterprise value of approximately $4.8 billion including net debt.
Lockheed Martin Rotary and Missions Systems received an $18,974,676 delivery order from the U.S. Navy to deliver two initial structural modification kits for the MH-60S aircraft and perform non-recurring engineering. Work will be performed in Stratford, Connecticut and Owego, New York, with completion expected in March 2028.
Fibroline and Navis TubeTex launched the Fibroline USA Innovation Lab in Lexington, North Carolina, a new facility for dry impregnation solutions. An inauguration event is scheduled from February 11 to February 13, 2025.