Shenyang Jingrui CNC Machine Tool Co., Ltd. has won a ¥50 million bid to supply a titanium alloy three-axis flip-plate milling intelligent production line to Shenyang Hangchan Precision Manufacturing Co., Ltd.
MHI received a significant order from Brazil-based Klabin for five casemaker machines for its new corrugated board plant in Piracicaba, São Paulo, with two lines due for delivery before the facility opens in late 2023.
CBT Company acquired Crush Bearings and Drives, a family-owned mechanical power transmission company based in Lexington, Kentucky, to expand its presence in the state.
SPIROL acquired Ford Aerospace Ltd., a UK-based manufacturer of high-precision metal components and subassemblies for aerospace, industrial, and high-technology sectors.
e-Emphasys Technologies has merged with CDK Global Heavy Equipment, backed by TA and True Wind Capital. The combined entity will operate as e-Emphasys Technologies, serving heavy equipment and industrial machinery dealers.
ZÖLLER-KIPPER GmbH acquired a majority stake in AMEC shpk, a component manufacturer based in Durres, Albania. The company founders remain as co-shareholders.
Air Products Membrane Solutions announced a $10 million project to significantly increase hollow fiber membrane production capacity at its St. Louis, Missouri facility. The project will create additional highly-skilled jobs.
Rotork has been awarded a contract to supply IQ3 and Skilmatic SI range actuators to the Northern Lights CO2 transport and storage project in Norway. The actuators are due to be installed in 2023.
Fluid System Components, Inc. announced the acquisition of Norcan Fluid Power Company, a fluid power distributor serving Western Canada, which is the largest Canadian distributor of Bosch Rexroth products. Terms were not disclosed.
Hydrotech, Inc. announced its acquisition of Isaacs Fluid Power Equipment Company, a fluid power distributor based in Mason, Ohio, with six locations in the Midwest. Isaacs will operate as a division of Hydrotech, and specific terms were not disclosed.
Queensland Fire and Emergency Services (QFES) awarded Bauer Kompressoren Aust Pty Ltd a contract to supply compressors, valued at AUD 32,422.72, on 30 April 2023. The compressors support emergency response equipment readiness.
Zünd Systemtechnik AG has broken ground on a new assembly and logistics hall in Altstätten, Switzerland, investing 50 million Swiss francs. The project is expected to be ready for occupancy in late summer 2026.
Terramac opened a new headquarters in Sugar Grove, Illinois, more than double the size of its previous facility, and unveiled a new assembly facility in St. Louis, Missouri to increase production capacity.
Cargotec's board initiated a process to potentially separate Kalmar and Hiab into two standalone listed companies via a partial demerger, with Kalmar's listing on Nasdaq Helsinki targeted for 2024.
RIFA Precision Machinery (002520.SZ) has announced a plan to acquire a 24.5176% stake in Zhejiang RIFA Precision Machine Tool Co., Ltd. from the National Manufacturing Transformation and Upgrading Fund for CNY 336.58 million, paid via share issuance. The deal will increase RIFA Precision's ownership to 100%.
Sheffield Forgemasters awarded a contract worth more than £10 million to Jaso Industrial Cranes to supply seven overhead cranes for its new 13,000 tonne heavy forging line at Brightside Lane, Sheffield.
Dallas-based Singer Industrial acquired Arizona-based Hotsy Industrial Systems, a maker of pressure washers, air compressors, wastewater treatment systems and detergents, with financial terms undisclosed. Hotsy will operate within Singer's Fluid Power Division from its Tucson location.
Sheffield Forgemasters has awarded Jaso Industrial Cranes a contract worth more than £10 million to supply seven overhead cranes for its new 13,000 tonne Heavy Forge line at Brightside Lane, Sheffield. The cranes will be supplied and fitted between March 2025 and July 2025.
Volvo Construction Equipment is investing SEK 65 million (€5.8M) in its Arvika plant for electric wheel loader production and SEK 360 million (€32M) in its Braås plant for articulated hauler production, including electric vehicles. Construction at Arvika starts in 2023; Braås investment runs through 2027.
Jaso Industrial Cranes was awarded a contract worth over £10 million to supply seven overhead cranes for Sheffield Forgemasters' new 13,000 tonne Heavy Forge line in Sheffield, UK.
Sealed Air Corporation (SEE) and Koenig & Bauer AG signed a non-binding letter of intent to expand their strategic partnership for digital printing machines, aiming to improve packaging design capabilities.
Continental has fully acquired the printing technology business of Trelleborg, headquartered in Lodi Vecchio, Italy. The acquisition adds approximately 600 employees at eight sites in seven countries and expands Continental's range of surface solutions for printing technology.
RS Group PLC has agreed to acquire Distrelec B.V., a high-service digital-led distributor of industrial and MRO products, for €365 million on a cash-free and debt-free basis. The acquisition expands RS's presence in continental Europe, particularly in Germany, Switzerland, and Sweden.
Automotive supplier Zhenjiang Xianfeng Automobile Components Co., Ltd. has ordered its third and fourth machine from Schuler: a 400-ton servo press and a 1,250-ton link-drive press for producing deep drawn parts for motor housings. The machines will be manufactured at Schuler's production site in China.
WEG announced a R$ 160 million investment to expand capacity at its existing unit in Jaraguá do Sul, Santa Catarina, as part of a larger R$ 1.1 billion program.
WEG announced a R$ 900 million investment to build a new factory in northern Santa Catarina, producing large equipment such as synchronous compensators, turbogenerators and high-speed induction motors. The plant will create 800 direct jobs.
Randon Implementos inaugurated the expansion of its Araraquara unit, increasing built area from 29,000 to 42,000 square meters and installed capacity by 80%. The company invested R$ 40 million in the expansion, creating 170 jobs with 90 more to be added by year-end.
LJ Inc. is moving from Swartz Creek to a larger site in Shiawassee County's Venice Township, where it will build a 150,000-square-foot manufacturing facility for the world's first autonomous dredges. The $18.25 million project is expected to create 250 new jobs.
LJ Inc. is buying 50 acres in Venice Township, Michigan to construct a 150,000-square-foot facility for manufacturing autonomous dredges. The project involves $18.25 million capital investment and is expected to create 250 jobs.
Valmet received an order from Henan Longyuan Paper to supply automation systems and key technologies for the new PM7 testliner line at a mill in Henan province, China. The order was received in Q1 2023.
Magnetic GmbH & Co. KG broke ground on an expansion of its headquarters in Untermünkheim, Germany, adding over 1,600 m² of warehouse, production and development space, plus a 700 m² training center with showroom and cafeteria.
SGSO Technology Co., Ltd. signed a strategic partnership agreement with Makino Machine Tool (China) Co., Ltd. and Japan Makino Seiki Co., Ltd. in Wuhan on April 26, 2023, to collaborate in machinery manufacturing.
Vecoplan, a manufacturer of industrial shredding equipment, will invest $6.75 million to locate a new manufacturing facility in High Point, North Carolina, creating 33 jobs. The facility will produce mobile shredding trucks, waste collection trucks, and recycling equipment.
Graybar has entered into an agreement to acquire Valin Corporation, a supplier of automation control components and distributor of automation, filtration, fluid handling, heating and process control products. The transaction is expected to close on May 1, 2023.
Alstom has won a contract from the City of Quebec to supply 34 Citadis trams and provide maintenance for 30 years. The total contract value is approximately €900 million (CAD 1.34 billion). The trams will be developed in Saint-Bruno-de-Montarville and assembled in La Pocatière, Quebec.
Expliseat, a French manufacturer of lightweight aircraft seats, has raised €17 million in capital investment. The funds will be used to build a new 6,000 m² factory in Angers, France, with a production capacity of 25,000 seats per year, expandable to 37,000 seats per year.
Vallourec delivered 3,000 m of upset riser joints four months ahead of schedule for OneSubsea's Bacalhau offshore drilling project in Brazil, operated by Equinor.
Felbermayr, a heavy transport and crane specialist, plans to return to Klagenfurt in November 2023 with a new facility, investing over €1 million. The site will include a photovoltaic system and new hires.
Bellmer received an order from Mondi to supply a new sack kraft paper machine for Mondi's flagship Štětí mill in the Czech Republic. The machine is planned to be commissioned in 2025.
Sewoo M&C announced a KRW 41.586 billion contract with Samsung C&T for mechanical equipment construction at Pyeongtaek, South Korea. The contract runs from April 25, 2023 to July 31, 2024.
Raute signed a EUR 29 million contract with AS Latvijas Finieris to deliver technology for expanding the Verems plywood factory in Latvia, increasing capacity by 35,000 m3. Equipment will be delivered between March 2024 and June 2025, with full operation in 2025.
Howden was awarded a contract to supply four high-speed integrally geared blowers and a control system for the new Athlone Wastewater Treatment Works in Cape Town, South Africa. Installation of its aeration technology is scheduled for 2024.
Nidec's chairman and CEO Shigenobu Nagamori stated at an earnings briefing on April 24, 2023, that the company will acquire several machine tool makers in the near future, with announcements expected soon.
IBAK GmbH has begun construction of new additional premises in Schönkirchen, Germany, with a €10 million investment. The 4,895 m² building will double production area and is scheduled for completion by August 2024.
Nakamura-Tome is constructing a new plant in Japan, expected to be completed by August 2024. The company aims to double machine production and sales, and improve delivery times.
FAUN Viatec GmbH opened a new production plant for street sweepers in Grimma, Saxony, on April 21, 2023, after 18 months of construction. The company invested EUR 20 million in the facility, which employs 140 people and will produce 500 sweepers and kits per year.
Sinopec Shanghai Petrochemical issued a public tender on 24 April 2023 for a framework agreement covering domestic high, medium and low pressure valves for reciprocating compressors. Bids are due 16 May 2023.
Nantong Zhenkang Machinery began construction of a new precision RV reducer plant in Haimen, Jiangsu Province, China, on March 31, 2023. The CNY 1 billion project will add capacity of 100,000 units per year, with completion expected by August 2024.
Yuhuan CNC announced it signed three contracts with Jabil Technology (Chengdu) in April 2023: a machine equipment modification contract for CNY 3.54 million, a five-axis high-speed machine purchase contract for CNY 43.84 million, and another machine equipment modification contract for CNY 59.77 million, totaling CNY 107.15 million.
The German Federal Company for Radioactive Waste Disposal (BGE) awarded a contract to ZAGRO Bahn- und Baumaschinen GmbH for the supply and commissioning of an electric shunting vehicle for the Konrad I repository in Salzgitter. The contract value is 323,997 EUR.