SORALUCE, part of Danobatgroup, inaugurated a new 2,530 m² assembly plant at its Bergara facility, expanding total manufacturing area to 30,000 m². The investment is part of a €35 million Danobatgroup package, with over €15 million for SORALUCE.
Fives was awarded a contract from PETERSEN Inc. for a Giddings & Lewis Vertical Turning Center for precision machining. The machine will be installed in early 2024 at Petersen Inc. in Ogden, Utah.
Swedish heat transfer firm Alfa Laval has begun construction of its second production site in San Bonifacio, Verona province, with an investment of about €100 million, to be fully operational in about a year.
Kyashif started production at a new hydraulic cylinder plant in Kardzhali, its fourth plant. The investment is 10 million leva, with a planned rise to 30 million, and 40 workers will be hired.
ONGC awarded Engineers India Limited an EPC project to replace three CSU off-gas compressors and six regeneration gas compressors and install a CBD vessel at its Uran plant. The estimated order value is Rs 472 crore over about 40 months.
Mohawk Lifts was awarded a $300,000 Empire State Development grant to expand its operations in Amsterdam, New York, by updating manufacturing equipment, adding automation, and creating a new factory layout to increase productivity and efficiency. The project will also increase its workforce.
BID Group will invest $4.7 million to modernize equipment at its Saint-Georges and Saint-Éphrem-de-Beauce facilities in Quebec, including new band saws, CNC machines, and an automated storage system, to increase production capacity. The project will create multiple new jobs.
Ingersoll Rand agreed to buy Howden Roots LLC from Chart Industries for an all-cash price of about $300 million. Roots has about $115 million in revenue, and the deal is expected to close in Q3 2023 pending regulatory approvals.
REPH signed a contract with Gazprom Komplektatsiya to supply four centrifugal compressors for the Power of Siberia gas pipeline, to be made at the Nevsky Plant in St. Petersburg and shipped in late 2023. Each compressor is rated at 333.4 cubic metres per minute.
The Rotating Company has acquired RMEI, a French specialist in industrial rotating machinery with over 25 employees, as a 100% subsidiary. The combined group has a turnover of over 15 million euros and around 65 employees.
Nakamura-Tome Precision Industry announced it will complete its largest new factory, named MAGI, in July 2023 with an investment of 2.6 billion yen. The plant will increase production capacity by 35% and introduce robots and AGVs to improve productivity.
Andritz received an order worth over £20 million from Sheffield Forgemasters to supply seven furnaces for a new 13,000-tonne forging line under construction in Sheffield, UK.
Kurabo Industries agreed to sell its machine tool subsidiary Kuraki to DMG Mori Seiki for 4.5 billion yen.
Tenova and GE Vernova's Power Conversion business signed a cooperation agreement to jointly design and market medium voltage power feeding solutions for electric arc furnaces and submerged arc furnaces.
Zoomlion started construction of a CNY 1.6 billion 'lighthouse factory' in Chongqing's Longsheng New City to manufacture truck-mounted cranes, with annual capacity of over 20,000 units and 22 production lines.
Vanair Manufacturing announced a $8.3 million expansion adding about 100,000 square feet to its Michigan City facility in La Porte County, Indiana, creating 75 new jobs. Completion of the building by J. Shoffner is expected in the fourth quarter of 2023.
Haide Control plans to purchase 75% equity of Xingzhida, an industrial automation solutions provider, for 1.278 billion yuan via shares and cash. The deal aims to expand Haide Control's industrial control business.
EXEL Industries acquired an 81% majority stake in Devaux, a French family-owned manufacturer of gardening tools, for an undisclosed amount.
Skyjack is building an innovation hub in Guelph, Ontario, moving telehandler and boom production to a new plant in Mexico, and expanding into Hungary and China, increasing overall capacity by 235%.
MAN Energy Solutions was selected by Yinson to deliver 11 compressor trains for the Agogo FPSO vessel off Angola, operated by Azule Energy, with delivery planned during 2024.
BIMAC reached an agreement to supply a BOXLINE EVO 12.28 FFG to Treiese Packaging Srl in Treia, Italy. Delivery is scheduled for August 2023.
Tramec LLC has acquired CS Automation, located in Ontario, New York, effective June 1, 2023. The acquisition broadens Tramec's manufacturing and distribution capabilities for industrial automation.
Mazak MegaStir signed an agreement to become the exclusive supplier of tooling for MELD Manufacturing's solid deposition technology, providing hard metal tooling for the additive process.
Xi'an CHINAF Precision Machinery won a bid for the Nozzle Housing Digital Machining Cell project from AECC Aviation Power Co., Ltd., with a bid value of RMB 6.18 million.
Fagor Arrasate acquired a 70% stake in Ribinerf, a company specializing in industrial robotics, 3D vision and AI for automating part quality control, picking and racking processes.
Shenyang Machine Tool Co., Ltd. plans to purchase 8 machines from General Technology Group Shenyang Machine Tool Co., Ltd., including 7 GMC2030 gantry machining centers and 1 TH65100X125 horizontal machining center, for a total of CNY 32.16 million.
ANDRITZ has signed an agreement to acquire 100% of Dan-Web Machinery A/S, a Danish supplier of airlaid nonwovens technology. The acquisition strengthens ANDRITZ's nonwovens portfolio.
Denver-based private equity firm Platte River Equity acquired Womack Machine Supply Company, a Farmers Branch, Texas distributor of hydraulic, pneumatic and automation components.
Rondo Ganahl AG invested 36 million euros in its St. Ruprecht site in Styria, Austria, opening a new corrugated packaging print centre built around a Koenig & Bauer Rapida 164 press.
Sinoboom announced plans to build a 150,000m² MEWP manufacturing facility in Monterrey, Mexico, with production expected to start in the second half of 2024. Annual capacity is forecast to reach 20,000 scissor lifts and 10,000 boom lifts.
Premier Tech unveiled its new state-of-the-art headquarters for its Systems and Automation business group in Montgomery, Alabama. The 167,000-square-foot facility represents a $33 million investment.
Andritz received an order from Steves & Sons to supply two pressurized refining systems for a new mill in Athens, Georgia, USA. Start-up is scheduled for 2024.
Robe Lighting, an entertainment lighting manufacturer, agreed to acquire Avolites, a designer and manufacturer of lighting and video control products. The agreement was reached in the UK.
INTECH Automation & Intelligence won the complete automation scope for the largest Direct Air Capture plant in the Permian Basin, Texas, which aims to remove one million metric tons of atmospheric CO2 annually. INTECH will provide process and safety control systems and SCADA.
Metalex Manufacturing Inc. ordered one of the largest portal machining centers of the Droop+Rein T series from Starrag Group for its new Center for Advanced Large Manufacturing, an expansion of its main plant.
Strohm was awarded a contract by PRIO to provide thermoplastic composite pipe (TCP) jumpers for the Frade field offshore Brazil. Two sets of TCP jumpers were delivered and installed in Q2 2023 at approximately 1,200 m water depth.
Concentric was awarded a large contract for precision machined components from an existing global OEM customer in North America. The components will be used in energy-efficient medium and heavy-duty hydraulic products for off-highway applications. Annual sales are expected to be around 55 million SEK, with deliveries starting in Q2 2024.
Bender CCP was one of five companies awarded a multiple-award contract by the Naval Supply Systems Command Weapon Systems Support for repair of shafts for Navy surface ships, with total estimated value of $162 million through May 2028.
KKR agreed to acquire pump and valve maker Circor in a deal worth $1.6 billion including debt, announced June 5, 2023.
Yanmar Compact Equipment North America and ASV held a ceremonial groundbreaking on June 2, 2023, for a new 32,000 sq ft production facility adjacent to the existing ASV building in Grand Rapids, Minnesota. The expansion will add approximately 200 jobs within five years.
Precitrame Machines SA acquired 100% of the share capital of ESPI SAS, based in Lyon, France, and its Swiss subsidiary, on June 2, 2023.
Onnera Group is investing EUR 17 million to build a new laundry factory in Oñati, Spain. Construction has already begun.
Antex plans to invest approximately JPY 4 billion to upgrade forging equipment at its Takahagi plant in Ibaraki Prefecture, increasing production capacity by 30%. The upgrade is expected to start operations in early 2024.
MCT Italy has inaugurated a new section of its production plant in early June 2023, investing in new machinery including a laser cutting machine and automatic bending machine to improve production speed and quality.
Portland Tractor Inc. acquired On-Track Supplies & Equipment, a Caterpillar parts and service provider in Grande Prairie, Alberta, effective June 1, 2023.
Robert Bosch Tool Corporation announced a $130 million building and machinery expansion at its Lincolnton, North Carolina facility, including a 325,000 square foot facility for its cutting tool division. The project will create 233 new jobs and increase the workforce to over 1,000.
Schweiter Technologies, through its subsidiary 3A Composites, completed the acquisition of the remaining shares of JMB Wind Engineering, a Polish developer and producer of core material kits for wind turbines.
Vitro Architectural Glass invested $70 million in a new glass furnace at its Toluca, Mexico plant, increasing production capacity to 230 tons daily for glass packaging.
Solidlas, under the SLD brand, has started filter manufacturing at a newly purchased 3,600 m² factory in Çankırı Korgun Organized Industrial Zone, Turkey. The plant produces air and hydraulic filters for forklifts and construction machinery.
Bosch will invest $130 million to expand its power tools accessory manufacturing site in Lincolnton, North Carolina, adding 400 new jobs. The expansion includes a new 325,000-square-foot building for manufacturing, logistics, and warehouse operations.