Hyle Capital Partners has acquired Guaresi, a designer and producer of tomato harvesting machines, through its 'Finance for Food One' fund. The deal aims to create a group in the agricultural machinery sector.
Manitou Group announced plans to invest $80 million in expanding its manufacturing facilities in Madison and Yankton, South Dakota. Construction is expected to begin in July 2022, with the expansion opening in 2023.
Grass-Cutter began the second phase of its investment plan to expand its industrial plant in Carcarañá, Santa Fe, Argentina, adding 2,500 square meters to reach a total covered area of 4,500 square meters. The expansion includes new equipment such as a laser cutting table, a welding robot, and a paint plant.
Trützschler Nonwovens and Italian textile machinery manufacturer Texnology announced a cooperation at Techtextil 2022 to offer complete production lines for needlepunched nonwovens under the brand T-Suprema. A first joint project has already been completed.
Time Manufacturing Company has completed its acquisition of France Elévateur (FE Group), a European manufacturer of aerial work platforms. The deal adds over 450 employees and facilities across France, Belgium and Spain.
Hitachi Construction Machinery will increase production capacity for compact excavators and wheel loaders at its Shiga Works facility in Japan by approximately 30% by FY 2025 compared to FY 2021. The company also plans to enhance and relocate its product test site to an adjacent site by FY 2024.
Emerson has inaugurated an expanded facility in Dammam, Saudi Arabia to manufacture Rosemount pressure and temperature transmitters and manifolds, increasing production capacity to support local demand.
ifm electronic Asia has relocated its factory to a larger facility in Singapore with nearly 10,000 m² of land area, more than double the previous space. The new facility will also house an IT hub and training center, creating over 75 jobs over five years.
Renovare Environmental, Inc. signed a non-binding letter of intent to merge with Harp Renewables and its affiliate Harp Electric Engineering. The transaction is subject to a definitive agreement and shareholder approval.
Valmet will deliver a new shipping carton paperboard production line, PM3, to Eren Paper's former UPM Shotton mill in Wales-UK, with about 650,000 tons annual capacity. Start-up is scheduled for Q2 2024; the order value was not disclosed.
Industrial Service Solutions (ISS) acquired full ownership of Servo South, Inc., a U.S.-based electronic and electromechanical service provider specializing in CNC machinery and automated manufacturing. The acquisition expands ISS's position in the industrial automation sector.
Valmet will supply two Valmet IntelliTissue 1600 tissue machines to Liaoning Yusen's mill in Tai'an, Liaoning, China, increasing annual tissue capacity by 60,000 tons, with production scheduled for mid-2023.
Core Industrial Partners portfolio company Re3Dtech acquired GoProto, a provider of custom manufacturing services, to form an additive manufacturing platform focused on production parts using Industry 4.0 capabilities.
Valmet will supply two Valmet IntelliTissue 1600 tissue machines to Liaoning Yusen Sanitary Products Co., Ltd. in Tai'an, Liaoning, China. The order is valued at typically EUR 6-8 million and will increase the customer's annual tissue production capacity by 60,000 tons. The lines are scheduled for production in mid-2023.
Toyo Automation (Dong Youda Automation Technology) broke ground on a second factory in Xinyi Industrial Park, Tainan, Taiwan, with an investment of TWD 1 billion. The plant will have a total floor area of about 5,000 ping, is expected to be completed in 2023, and start production in Q1 2024, creating over 200 jobs.
ARCH Cutting Tools acquired New York State Tool, a custom-made solid round carbide tools manufacturer for aerospace and defense, based in Chadwicks, New York. Terms were not disclosed.
Jain Irrigation Systems Ltd. and Temasek-owned Rivulis Pte Ltd. entered definitive agreements to merge Jain's International Irrigation Business with Rivulis, creating a global irrigation and climate leader with ~$750 million in revenues. Jain will retain a ~22% stake in the merged entity.
Wärtsilä will supply its hybrid propulsion system, including engines, gearboxes, propellers and batteries, for three new RoPax vessels built for Stena RoRo and chartered to Brittany Ferries. The order was placed in May 2022 and announced on 21 June 2022.
Kubota Corporation acquired all shares in Brabender Technologie GmbH & Co. KG, making it a wholly owned subsidiary of Kubota Holdings Europe B.V., to expand in the gravimetric feeder market.
Fincantieri Marinette Marine awarded Philadelphia Gear, a Timken company, a contract option to deliver main reduction gears for the future USS Congress (FFG-63), the second frigate in the Constellation class, with potential revenue over $150 million if all 10 frigates are built.
Trützschler Nonwovens & Man-Made Fibers and Texnology S.r.l. have formed a cooperation to offer complete needlepunching production lines under the brand T-SUPREMA, effective immediately.
Zhejiang Tianma Bearing Group plans to invest 3.3 billion yuan to expand its facility in the general aviation industrial park, adding capacity of 25 million sets of high-end bearings and 60 sets of intelligent equipment annually.
Craig International has been awarded a five-year contract (with two-year options) potentially valued at over £20 million to provide consolidated procurement services, including MRO equipment, to INEOS FPS for its Grangemouth base operating the Forties Pipeline System.
Aurubis AG broke ground on a €300 million multimetal recycling plant in Augusta, Georgia, with capacity to process 90,000 tons of complex recycling materials annually, creating over 120 jobs and expected to be operational by mid-2024.
Siemens Electric Machines Drásov opened a new 2,100 square meter production hall for heavy winding on June 17, 2022, enabling production of stators and rotors weighing up to 70 tons and featuring vacuum pressure impregnation technology.
Italian food-service equipment maker Ali Group secured conditional EU antitrust approval for its $3.4 billion acquisition of Welbilt, agreeing to divest Welbilt's global ice-making machine business including three manufacturing facilities in China, Mexico and the United States.
Tecnicolón is concluding construction of a new 3,000 m² factory in Colón, Buenos Aires, with an investment of over ARS 50 million. The move to the new plant is planned for July or August 2022.
Dellner Polymer Solutions, part of Sweden's Dellner Group, has acquired Ferrabyrne Ltd, a supplier of rubber-to-metal bonded components and rail suspension systems.
SEW's华南 manufacturing base in Shunde, Foshan, officially opened on September 16, 2022. The facility, with a total investment of $300 million, covers 160,000 square meters and is expected to produce 450,000 gearmotors annually, with an annual output value exceeding 5 billion yuan.
Komatsu, through its subsidiary Komatsu Forest AB, will acquire Bracke Forest AB, a Swedish manufacturer of attachments for silviculture. The acquisition is expected to close on July 1, 2022.
Blaenau Gwent council approved plans on June 16, 2022 for Ciner Glass to build a £390 million glass container factory at Rassau Industrial Estate in Ebbw Vale, Wales. The project is expected to create about 600 skilled jobs at the site and up to 500 more during construction.
OOO AtlasMash will build a metalworking and machine tool complex in Staraya Kupavna, Bogorodsky District, Moscow Region. Investment is RUB 1.2 billion, construction starts in Q4 2022, launch by end of 2029, creating 80 jobs.
Merseyside subcontract machining company Wealdpark is expanding its factory in St Helens. The first phase adds an extension larger than its current 6,000 sq ft unit, and a second 5,000 sq ft unit is scheduled for completion by end of 2023.
Pemamek Ltd. is investing EUR 15 million to expand its factory by 7,000 square meters and boost R&D. The expansion will be ready for production in Q4 2022, and the company plans to hire 40 additional people by end of 2022.
SMS group and Taylor-Winfield Technologies have formed a global strategic alliance for X-Roll laser welding machines. Taylor-Winfield acquired exclusive rights to sell and manufacture the machines.
Otis officially inaugurated its new factory in Donostia (San Sebastian), Basque Country, with a 20 million euro investment that makes elevator motors and safety systems. About 80% of output will be exported, and the plant had been operating for a couple of months.
Governor Alexei Dyumin and TBKO signed an agreement at SPIEF on June 16, 2022 to build a plant in the Uzlovaya special economic zone producing 18,000 gas cylinders per year. The investment is about 1.6 billion rubles and about 150 jobs will be created, with commissioning planned within three years.
Illinois-based Rockford Spring Company will invest $10.3 million to locate new manufacturing operations in an existing facility at 1100 Garrett Parkway in Lewisburg, Marshall County, Tennessee, creating 62 jobs. The announcement was made on June 16, 2022.
BID Group has entered into an agreement to acquire Smith Sawmill Service, a supplier of saws, cutting tools and filing room equipment to the wood processing industry. The transaction is expected to close in Q3 2022.
Saudi industrial service provider Expertise Contracting Co. has ordered 79 Tadano all-terrain cranes for a project with Saudi Aramco. The order is the largest from a Saudi customer in 15 years for Tadano's Zweibrücken plant.
Johnson & Young Cranes and McKay United formed a joint venture called JYM, centered around the ownership of three Tadano CC2200 and two Tadano CC3800 crawler cranes to boost heavy lifting capacity in Australia.
ACCTEK's new factory in Dezhou, Shandong, has been officially put into use. The company invested 30 million yuan in the construction, covering 10,000 square meters.
Innovative Hydraulics was awarded a $11.3 million contract to design and manufacture custom hydraulic cylinders for the intake gates of McNary Dam in Umatilla, Oregon, supporting Knight Const. & Supply under the U.S. Army Corps of Engineers.
John Deere announced a collaborative supply agreement with Wacker Neuson to produce and distribute compact excavators under 5 metric tons for the North American market. Wacker Neuson will design and build Deere-branded models at its plants in Menomonee Falls, Wisconsin, and Linz, Austria.
KEB Automation acquired a majority stake in Brusatori Srl, an Italian manufacturer of electric motors. Marco Sala was named Managing Director.
Machinest, the special machinery division of Baelen Group, acquired Ségépar, a designer and manufacturer of labeling and marking systems for industry, from founder Marie-Jeanne Laurens.
Terex GB announced a £9.5 million expansion of its Ballymoney fabrications facility in Northern Ireland, including a new assembly hall and powder coating line, creating 60 permanent jobs. Construction is expected to start in 2023.
Sjørring Maskinfabrik, a leading European manufacturer of buckets for heavy construction equipment, has been sold to Terratech Group. The transaction was advised by Oaklins Denmark.
S&D Blechtechnologie is building a new 1,800 square meter production hall in Zemmer, Germany, to house a new powder coating line and expand steel processing capacity by nearly 50%.
Estun Automation announced on June 13, 2022, plans to establish a wholly-owned subsidiary and invest CNY 1.2 billion (including CNY 700 million in fixed assets) to build an industrial project in Gaochun District, Nanjing, Jiangsu Province. The project will serve as a global R&D and manufacturing base for automation core components and industrial robots.