UK corrugated box maker Sheard Packaging has invested £13 million in a fully automated Asahi flatbed die cutting line, Dücker pre-feeders and palletiser, and a Göpfert 5-colour HBL HQPP die cutter at its Halifax site.
Fluid power supplier Flowtech has agreed a £350,000 deal to acquire the assets of pneumatics and fluid products provider Thorite, including equipment, vehicles, stock and locations, and has paid off Thorite's £1.7m debt.
Norway-based TMC Compressors won a contract from Dalian Shipbuilding Industry to supply complete marine compressed air systems for three 175,000-cbm LNG carriers being built for China Energy Shipping Investment. The contract value was not disclosed and the equipment will be made in Europe.
RIX Industries received a multimillion-dollar US Navy contract through NAVSUP Weapon Systems Support to deliver 25 high-pressure air compressors for Virginia-class submarines over the next several years. The announcement was dated 22 August 2024.
Graham Corporation is investing $4.1 million in its new Batavia, New York facility, which is partly funded by a $13.5 million contribution from a customer. The investment was announced on 22 August 2024.
PMC Hydraulics Group, under parent Dacke Industri, agreed in July 2024 to acquire the remaining shares of Indian hydraulic distributor Hydroquip Hydraulics, making it 100% owned.
Graham Corporation held a groundbreaking on August 19, 2024 for a 29,000 sq ft, $17.6 million manufacturing facility in Batavia, New York, expected to add 24 jobs and begin operations in summer 2025.
Joint Oil and Gas Group, a resident of the Titanium Valley special economic zone, received permission to build a plant making industrial gas equipment and gas and condensate processing equipment, with 3.5 billion rubles of investment and 150 jobs; construction starts in autumn 2024 and completion is planned for 2026.
Kaeser Compresseur Canada announced a C$20 million investment to expand its Boisbriand, Quebec operations by acquiring an adjacent property, tripling capacity and creating 45 jobs between 2024 and 2026.
M+S HydrauliC PLC signed a construction contract on 8 August 2024 for a new hydraulic motor plant in Kazanlak, Bulgaria, with BGN 45 million planned investment, 121 new jobs and a more than 30% capacity increase. Barrage Group won the main construction contract.
The shareholders of Landefeld Druckluft und Hydraulik and Landefeld Beteiligungsgesellschaft sold their minority interest in the companies to Viessmann Generations Group, with Grant Thornton advising the sellers. The deal was reported on 7 August 2024; no value was disclosed.
Fox Innovation & Technologies has acquired Cotter Holdings Group, a rotating machinery services provider, to expand its field operation capabilities across the US. The deal is expected to take Fox to over $100 million in LTM revenue on a proforma basis.
Adami Group has commissioned Voith to build a complete OCC BlueLine stock preparation plant with 4.0 technology for its Santa Catarina mill in Brazil. Commissioning is scheduled for October 2025.
Atlas Copco has received village approvals to expand its School Road facility in Voorheesville, New York, adding 65,000 square feet to manufacture larger centrifugal compressors.
Adami Group ordered a complete OCC BlueLine stock preparation plant with 4.0 automation from Voith for its factory in Santa Catarina, Brazil. Commissioning is scheduled for October 2025.
Endress+Hauser is investing over 100 million euros in its Maulburg production site in southern Germany under the Campus 2030+ project. The first construction phase is scheduled for completion in 2027.
Weir Group has been awarded a £53m contract to supply HPGRs, screens, slurry pumps and hydrocyclones for Barrick's Reko Diq copper-gold project in Chagai, Balochistan, with the first £26m call-off booked immediately.
Paul Mueller Company announced a $20 million expansion of its Springfield, Missouri headquarters facilities, adding 100,000 square feet for production and R&D. Construction is expected to begin in fall 2024 and finish in fall 2025.
Russian manufacturer GMS Group disclosed a combined investment program exceeding 35 billion rubles for modernization and new capacity, including 12 billion rubles invested in 2014-2022 and over 23 billion rubles planned for 2023-2026. Projects include pump and compressor plants in Orel, Kazan and Zelenodolsk and a facility in Livny.
Kazankompressormash is building a 12 billion ruble test stand in Zelenodolsk, Tatarstan, for testing ultra-high-power compressors, with no equivalent in Russia. The managing director described the project in an interview with Business Online.
Edwin James Group announced the acquisition of the entire share capital of Pettits Ltd and its subsidiary Motivair Compressors Ltd for an undisclosed sum. Motivair manages about 9,000 compressed air assets for UK industrial, infrastructure, utilities and defence customers, and its 100 employees will be retained.
Spray nozzle maker BETE completed a strategic merger with compressed air and static elimination firm EXAIR, with Northborne Partners as exclusive financial advisor. Financial terms were not disclosed.
KAESER Compressors Canada announced a CAD 20 million investment to expand in Boisbriand, Quebec, after acquiring a former Canada Goose facility. The project is planned to create 45 new positions by 2026.
Atlas Copco has signed a deal to acquire Anhui NOY Technologies, a China-based manufacturer of vacuum helium leak detectors, which will join its Scientific Vacuum division within Vacuum Technique. No deal value was disclosed.
Sullivan Palatek, a North American air compressor maker, took delivery of a PTG Holroyd TG350E CNC helical rotor grinding machine, doubling its rotary screw compressor rotor capacity at its Michigan City, Indiana facility, which it plans to expand by 50%.
Honeywell agreed to acquire Air Products' liquefied natural gas process technology and equipment business, including coil-wound heat exchanger manufacturing, for $1.81 billion in cash, about 13x estimated 2024 EBITDA.
Gassco AS awarded a contract to Sauer Compressors Nordics AB for 2+2 nitrogen booster compressors with bottle banks, needed for BIR-GAP upgrades at its Dunkerque terminal in France and Zeebrugge terminal in Belgium. The contract value was NOK 4.5 million excluding VAT.
Brunvoll signed a contract with COSCO Shipping Heavy Industry Zhoushan to deliver propulsion and manoeuvring packages for three shuttle tankers for Knutsen NYK Offshore Tankers, with an option for one more vessel. The contract value is undisclosed but reported to be several hundred million Norwegian kroner.
Ebara group companies Hayward Gordon ULC and EBARA Pumps Canada merged into EBARA HG ULC, which makes industrial pumps and mixers. Scott Turbon Mixer was renamed EBARA Mixers Inc.
Alstom has commissioned Knorr-Bremse to supply braking, entrance and sanitary systems for 42 Coradia Max EMUs for regional rail in Schleswig-Holstein, with options for 55 more trains. Deliveries run from early 2025 to the end of 2027.
Hanwha Ocean selected Norway-based TMC Compressors to supply complete marine compressed air systems for three LNG carriers being built for an undisclosed Asian shipowner. TMC will manufacture the equipment in Europe. The contract value was not disclosed.
Alupol Packaging Kęty signed supply contracts for two 10-colour flexo printing presses with GPS systems, two laminators and ancillary equipment. The machines are to be commissioned at its Kęty plants within several months.
Atlas Copco Group has acquired Emcovele S.A., a compressor distributor with 49 employees offering sales and service of compressed air technology in Quito and Guayaquil, Ecuador. The purchase price was not disclosed. The announcement was made on 2 July 2024.
Dalgakiran Compressor Ukraine opened an energy equipment manufacturing plant in the Kyiv region in July 2024, focused on gas-fired cogeneration units and generators. UAH 400 million was invested in completing construction.
Larsen & Toubro confirmed orders worth over $4 billion from Saudi Aramco for gas compression and gas processing packages tied to the Jafurah gas expansion in Saudi Arabia's eastern province. The orders were part of Aramco's $25 billion EPC contracts issued on 30 June 2024.
Baker Hughes entered a new 10-year services frame agreement with Woodside Energy to support its LNG operations in Australia, covering spare parts, field service, turbomachinery maintenance and digital asset performance services.
Valmet will supply an IQ quality control system for a corrugator to Thai Containers Group's corrugated containers plant in Rayong, Thailand, with delivery in Q4 2024 and start-up in Q1 2025. The order value was not disclosed.
Baker Hughes signed a new 10-year services frame agreement with Woodside Energy to support its LNG operations in Australia, covering spare parts, field services, turbomachinery maintenance and digital asset performance. The price was not disclosed.
Canada's PacifiCan announced over CAD 3.1 million in funding for VMAC in Nanaimo, British Columbia, to expand its manufacturing facility and increase production of vehicle-mounted air compressors for commercial electric vehicles. The funding was announced on June 27, 2024.
Hayward Gordon ULC and EBARA Pumps Canada Corporation amalgamated to form EBARA HG ULC, and Scott Turbon Mixer Inc. was renamed EBARA Mixers Inc., effective June 30, 2024. The changes are based in Halton Hills, Ontario.
EXAIR, a maker of engineered compressed air products, has acquired spray nozzle maker BETE under a definitive merger agreement announced June 26, 2024. The companies plan to combine product lines and distribution networks.
John Crane, a Smiths Group business, was awarded a five-year dry gas seal repair contract by Karachaganak Petroleum Operating B.V. (KPO) in Kazakhstan. John Crane will set up local production of mechanical seals and spare parts for the Karachaganak field.
John Crane, a business of Smiths Group, was awarded a five-year contract by Karachaganak Petroleum Operating (KPO) for dry gas seal repair at the Karachaganak gas condensate field in Kazakhstan. John Crane will set up local production of mechanical seals and spare parts for the field.
Coperion and Herbold Meckesheim will build a PET bottle-to-bottle recycling plant with 5,500 kg per hour capacity for Indian preform maker Magpet Polymer, producing food-contact approved PET pellets.
Piller Blowers & Compressors has held 75.1 percent of Korean joint venture Sunteco since April 1, 2024, which will be renamed Piller Sunteco Ltd; Sunteco focuses on waste heat recovery and industrial heat pumps for petrochemicals.
Mespack and Fuji Seal signed a collaboration agreement to integrate Fuji Seal's pre-made spouted pouches with Mespack's HF Series filling machines and sell them as an all-inclusive package across European and American markets.
US corrugated and folding carton maker McLean Packaging purchased a Scodix Ultra 6500 SHD digital enhancement press from Scodix, confirmed at drupa. McLean has three production facilities and over 200 employees.
Voith Paper signed a new contract with Embalagens de Polpa Moldada (EPM) in Juiz de Fora, Minas Gerais, to supply pulp preparation equipment and decontamination systems so EPM can process OCC recycled paper and increase egg packaging output.
GMS Group is building an assembly and test complex in Zelenodolsk, Tatarstan, for super-high-capacity LNG compressors above 65 MW, with investment of up to 11.9 billion rubles. Testing is planned to start in the first quarter of next year.
Doosan Bobcat decided to acquire 100% of South Korean hydraulic component maker Mottrol for 246 billion KRW. The deal is expected to close in September 2024, subject to KFTC approval.