Infineon has acquired 100% of Berlin-based startup Industrial Analytics, a specialist in AI-powered analysis of machinery and industrial equipment. The transaction amount was not disclosed.
Zhejiang Qilaoban Compressor Manufacturing is building a single-storey steel plant in Quzhou's Qujiang District to produce 1,000 screw air compressors, 20 centrifugal compressors, 500 refrigerated dryers, 500 PID air supply control systems and 1,000 air tanks per year. The project's investment is RMB 148.4 million, with main construction scheduled from Q4 2022 to Q3 2023.
SANY Group has opened its first overseas lighthouse factory in Indonesia, a 100,000-square-meter plant in KIM Industrial Park near Jakarta, with a total investment of nearly $30 million. The first excavator rolled off the line on August 15, 2022, and the plant has a planned annual production of 3,000 excavators.
Sany's first overseas 'Lighthouse Factory' in Indonesia's KIM Industrial Park produced its first SY215CKD excavator on August 15, 2022. The 100,000 m² facility, with an investment of 200 million yuan, has an initial annual capacity of 3,000 excavators (13-55 tons) and employs over 500 robots with only 100 workers.
SAATI S.p.A., through its subsidiary SAATI ADVANCED CHEMICALS, LLC, signed a definitive agreement to purchase substantially all assets of IKONICS Corporation's four business divisions: Chromaline Screen Print Products, IKONICS Imaging, IKONICS Industrial Inkjet Solutions, and IKONICS Advanced Material Solutions.
Beaumont Machine, a provider of EDM systems based in Batavia, Ohio, was acquired by Ed and Tanya Beaumont in August 2022. The terms of the transaction were not disclosed.
Bobcat's rigid telehandlers plant in Pontchateau, France, aims to double activity by 2025, following a 4 million euro expansion completed in 2019 and recent investments in welding robots.
SCiFi Foods is planning to construct a cultured meat pilot plant and R&D facility in the San Francisco area, with an estimated EPC cost of $30 million. Construction is expected to begin in late third or fourth quarter of 2022.
Mondi plans to convert the paper machine at its planned Duino mill to produce about 420,000 tonnes per year of recycled containerboard, at an estimated investment of around €200 million. The plan supports its Corrugated Solutions plants in Central Europe and Turkey.
Voestalpine VAE VKN India was selected as the lowest bidder to manufacture and supply UIC-60 turnouts and scissor crossovers for two Delhi Metro Phase 4 packages, DT-06 and DT-07.
SOPAT GmbH has acquired 70% of the shares of Parsum – Gesellschaft für Partikel-, Strömungs- und Umweltmeßtechnik mbH, effective August 12, 2022. The remaining 30% were acquired by investor WZ Process B.V.
The Intaf Group is completing a €6 million investment plan, including acquisition of 15,000 m² of industrial land and expansion of facilities for Sincro Mecánica and Evolventia. A new heat treatment plant by Cogaltra is also starting up this year.
Esko, a developer of hardware and software for print and packaging, acquired imposition A.I. software company Tilia Labs.
Sinoma International Engineering, a subsidiary of China National Building Material Group, plans to acquire 100% of Hefei Cement Research & Design Institute from China Building Materials Academy via share issue and cash payment.
EnerQuip Ltd has acquired the AMC product line from Forum Energy Technologies for an undisclosed sum, including intellectual property, people and assets. The acquisition expands EnerQuip's portfolio of torque machines and bucking units for the oil and gas industry.
Ilim Group is finalizing construction of the largest KLB Mill in Ust-Ilimsk, Russia, which will produce 600,000 tons of kraftliner per year. The mill features a unique two-stage biological wastewater treatment system, with hydraulic tests starting in August 2022.
SOP-Metal Oy has installed a new 5-axis profile machining center at its Vaasa facility, doubling its capacity to machine copper and aluminum rod and flat bar products. The investment extends service range and improves quality.
ABB is purchasing Siemens' low-voltage NEMA motor business, which has manufacturing operations in Guadalajara, Mexico, employing about 600 people and generating $63 million in 2021 revenue. The transaction is expected to close in Q2 2023.
A consortium led by Zhengzhou Coal Mining Machinery (Zhengmei) and including AVIC Industry Investment acquired a 43.33% stake in Luoyang LYC Bearing Co., Ltd. for 1.007 billion yuan (approx. 10.07 billion yuan) on August 11, 2022. Zhengmei's share is about 16.67% with an investment not exceeding 400 million yuan.
Knorr-Bremse won a framework contract from Alstom to equip at least 130 Coradia Stream regional trains with braking, entrance, HVAC and sanitary systems for trains serving Baden-Württemberg, with deliveries from 2023 to 2029. The value is in the lower three-digit million-euro range.
Halbronn SAS was awarded a contract by SIEĆ BADAWCZA ŁUKASIEWICZ-INSTYTUT LOTNICTWA for the supply and installation of a new 5-axis milling machine with turning function, valued at PLN 3,276,200.
RS Group plc, through its trading brand Allied Electronics & Automation, has agreed to acquire Risoul y Cia, a family-owned distributor of industrial and automation products in Mexico, for US$275 million. The acquisition expands RS Group's geographic reach in Mexico and Latin America.
Milwaukee Tool celebrated the grand opening of a new 95,000-square-foot manufacturing plant in West Bend, Wisconsin, with a $55 million investment. The facility will produce hand tools for electrical, power utility, plumbing, and mechanical trades, creating 150 jobs.
Whirlpool Corp. has entered a definitive agreement to acquire InSinkErator, a manufacturer of food waste disposers and hot water dispensers, from Emerson Electric for $3 billion in cash. The deal is expected to close in Q4 2022.
Exlabesa has awarded a contract to SMS group for the supply of a 71-MN short-stroke extrusion press. The press will be installed at Exlabesa's Padron site in Spain and is scheduled to go on stream at the beginning of 2024.
Nel ASA received a purchase order for multiple H2Station hydrogen refueling units from a European client. The client is not named.
Jwell Group's Thai subsidiary Bkwell held a groundbreaking ceremony for a new factory in Rayong, Thailand. The facility covers over 100,000 m² and will produce blow molding extrusion equipment.
GrayMatter announced a strategic merger with HTSE, Inc., a Michigan-based process automation and machine control provider. The merger combines GrayMatter's industrial intelligence solutions with HTSE's automation expertise.
Flottweg Separation Technology celebrated the groundbreaking for a 15,000-square-foot warehouse expansion at its campus in Independence, Kentucky. The $1.75 million investment will create 12 new jobs and is expected to be completed by Q1 2023.
Caterpillar Brasil inaugurated a new 11,000 m² motor grader assembly line at its Piracicaba plant, part of a R$ 600 million investment cycle to be completed by 2023, producing new-generation motor graders for Brazil and export.
Sandvik has signed and completed an agreement to acquire 100% of the equity interests in Switzerland-based Sphinx Tools Ltd and its subsidiary P. Rieger Werkzeugfabrik AG. Sphinx Tools offers precision solid round tools (micro tools) and surgical cutting tools, with customers in automotive, aerospace and medical segments.
Stratasys signed a definitive agreement to acquire Covestro's additive manufacturing materials business for approximately EUR 43 million plus a potential earnout of up to EUR 37 million. The deal includes R&D facilities, a portfolio of about 60 materials, and an extensive IP portfolio.
emz-Hanauer has broken ground on a new production facility in Resita, Romania, with 3,000 m² of production space out of 4,900 m² total. Production is planned to start in spring 2023, manufacturing components for household appliances such as door locks, lighting systems, and ice/water systems.
C&S Machine Products is expanding its operations in Bertrand Township, Michigan, with a $34.5 million project expected to create 85 jobs. The expansion includes manufacturing capabilities for medical devices, metal processing, and hydraulic testing.
Terex announced the acquisition of ProAll, a Canadian company that produces mobile, volumetric concrete mixers. ProAll will join Terex Advance and Terex Bid-Well in Terex MP's concrete subsegment.
Voestalpine completed the first phase of a modernization project for control systems at its Linz steel plant, carried out by Primetals Technologies. The project covers three converter lines and the higher-level converter area, with completion expected by end of 2022. The announcement was made on 5 August 2022.
WEG is constructing a new 22,680 sqm factory at its Santo Tirso site in Portugal, doubling the size of its manufacturing facility, adding 100 jobs, and creating Europe's most complete testing laboratory for MV/HV motion drives.
Mitsubishi Electric India held the groundbreaking ceremony for a new Factory Automation Systems factory in Talegaon, Pune, with an investment of approximately ₹220 crore. The plant will manufacture Variable Frequency Drives and FA control system products.
Alfa Laval announced the acquisition of Desmet, part of the Desmet Ballestra Group, which includes the Rosedowns and Stolz brands. Desmet had a turnover of €300 million in 2021 and will operate as a stand-alone entity within Alfa Laval's food and water division.
Saudi industrial services provider Expertise Contracting Company awarded a contract to Tadano Demag for 82 cranes, one of the biggest crane contracts in Saudi Arabia and the largest for Tadano Demag in 15 years.
Peak Lifting Solutions has acquired Gulf Coast Crane Services, a crane rental services company based in Corpus Christi, Texas. The terms of the transaction were not disclosed.
TDG has invested over EUR 1 million in a Mazak VORTEX i-630V/6 5-axis vertical machining center with Palletech pallet changer, to be commissioned in Q1 2023. The machine will be used to manufacture critical components and chucks at TDG's facility in Gernika, Spain.
AAR Mobility Systems has been awarded a $173.5 million firm-fixed-price contract from the U.S. Air Force to produce Next Generation All Aluminum Cargo Pallets. The pallets will be manufactured in Cadillac, Michigan.
ACI Group announced the acquisition of 100% of the shares of Lorentz, a French precision machining company serving aerospace, defense, space and energy sectors. Lorentz has about 60 employees across two sites and will remain under the leadership of Frédéric Lorentz.
CASE Construction Equipment launched the Minotaur DL550 compact dozer loader at its customer center in Tomahawk, Wisconsin. The machine weighs approximately 18,000 pounds and has 114 horsepower.
Hilti inaugurated the expansion of its plant in Matamoros, Mexico, with a $25 million investment. The expansion created 350 new jobs for producing construction tools.
Bihler of America announced plans to construct a new 103,000 square foot facility on its corporate campus in Phillipsburg, New Jersey. Construction is scheduled to commence in April 2018, with operations expected to begin in Q1 2019.
DEAL, a Rizzani de Eccher group company, was awarded a contract by Apco Infratech to supply specialized machines for prefabricating and launching elements for the Versova Bandra Sea Link in Mumbai. TENSA INDIA will supply and install cable-stays for a cable-stayed bridge on the project.
Litai Machinery Co., Ltd., a manufacturer of plastic thermoforming machines, established a second factory in China with an area of more than 20,000 square meters. The factory was established in 2022.
KraussMaffei signed a procurement agreement with Nantong Zhonglan Engineering Plastics to supply twin-screw extruders for a 56,100-tonne-per-year high-performance composite material project. Delivery of four extruders is expected by end of 2022, with production starting in late 2023.