Novokramatorsk Machine-Building Plant (NKMZ) completed a contract to supply full-cycle rotor shafts for General Electric's Garret oil field project in November 2021. Each rotor weighs over 15 tons.
H&D Wireless received an order from Parker-Hannifin AB for a 12-month renewal of the Casat4.0 MES system license, valued at over 0.5 million SEK, for use at Parker's factory in Borås.
Ouke (Oukei) plans to invest CNY 748.9 million through its subsidiary Zhuzhou Oukei Cutting Tools to build a CNC tool industrial park in Zhuzhou High-tech Industrial Development Zone. The project will produce 1,000 tonnes of high-performance rods, 3 million solid carbide tools, 200,000 CNC tools, 5 million cermet inserts and 10 tonnes of cermet saw teeth annually.
Ouke's subsidiary Zhuzhou Ouke Cutting Tools plans to invest 748.9 million yuan to build a CNC tool industrial park in Zhuzhou High-tech Industrial Development Zone, including production lines for high-performance rods, carbide tools, CNC tooling, cermet inserts and cermet saw blades.
Jingjin Environmental Protection announced plans to invest CNY1.28 billion to build a project with an annual capacity of 20,000 sets of high-performance filtration systems. The project will cover about 300 mu of land, with construction expected from January 2022 to June 2023.
Smith & Co., a precision CNC machining startup, will invest $2.56 million to open a 7,500-square-foot facility in Birmingham, Alabama, creating 54 jobs over three years. The facility will serve defense, aerospace and automotive industries.
Uralmashzavod signed contracts with Waldrich Coburg (Germany) and BOST (Spain) for the supply of portal-type and vertical turning and boring machining centers for large parts. The first center is to be commissioned in 2022, the second in Q1 2023.
Walterscheid Powertrain Group, recently acquired by Comer Industries, has completed the acquisition of IFA Kardan, a German manufacturer of propshafts and joints for agriculture, construction and special vehicle markets.
UKRI awarded a £111,537 contract to Trane UK Ltd for a high-performance 1000kW chiller for the CLARA accelerator project at Daresbury Laboratory.
Sandvik has signed an agreement to acquire 100% of GWS Tool Group from L Squared Capital Partners and management. The transaction is expected to close in Q4 2021.
Walter, a division of Sandvik, has signed an agreement to acquire GWS Tool Group, a US-based round tools manufacturer. The transaction is expected to close in Q4 2021.
Velden Engineering (UK) Ltd has ordered a Nakamura-Tome NTY3-150 twin-spindle three-turret turning centre from ETG, scheduled for delivery in January 2022. This is the fifth Nakamura-Tome machine purchased by the company as part of its ongoing investment strategy.
Castool Tooling Systems, a division of Exco Technologies, opened a new 40,000 sq. ft. production facility in Kenitra, Morocco, to serve customers in Europe, the Middle East, and Africa.
GRT Rubber Technologies (GRT) announced the strategic acquisition of Valley Rubber, a manufacturer of custom rubber solutions for mining and industrial applications. The combination aims to share resources, expand geographic footprints, and increase market share in aggregate and mining markets.
Ascentec Engineering is opening a new 131,000-square-foot facility in Dallas, Oregon, with a multi-million dollar renovation and setup investment of over USD 10 million. The plant will focus on CNC manufacturing with automation and robotics.
GEA is supplying Olin with a thermal vapor recompressor based on its nozzle needle-controlled steam jet compressor for a distillation plant at Olin's Stade site. The system can reduce specific steam consumption by up to 10 percent.
Finepart, via its UK agent Rainford Precision, received an order from Boneham & Turner Ltd worth SEK 2.3 million for a Finecut WMC 500 II machine and options. Delivery is scheduled for Q2 2022.
U.S. buyout fund Carlyle announced on November 17, 2021, that it has agreed to acquire Swiss industrial software firm AutoForm AG from private equity firm Astorg for an undisclosed amount.
Alstom inaugurated a new components manufacturing facility in Coimbatore, India. The facility spans 15 acres with an installed capacity of 2.1 million hours, creating 10,000 direct and indirect jobs, with an average investment of EUR 25 million.
Thyssenkrupp plans to list its water electrolysis unit Uhde Chlorine Engineers on the stock exchange in the first quarter of 2022, with a potential valuation of €5 billion. The company also announced a fivefold increase in production capacity for alkaline water electrolysis.
JCB announced an investment of BRL 120 million in its Sorocaba, Brazil factory to increase annual production capacity from 4,000 to 10,000 units by 2026.
Dinnissen Process Technology and Ottevanger Milling Engineers formed a strategic alliance through a participation in Dinnissen by Bolster Investment Partners and Triott Group. The alliance aims to enhance customer value and growth in process technology.
BOSS Industries, LLC acquired the commercial assets of HIPPO Multipower, including its mobile multipower solutions for utilities, municipalities, railroads, and industrial coatings.
Gimetal, an agricultural machinery manufacturer in Armstrong, plans to add a 3,000 m2 industrial building on a one-hectare site as part of a $20 million strategic investment plan, including new equipment like a 4 kW laser cutting system.
Wihuri Oy completed the acquisition of all shares of RealMachinery Oy on 12 November 2021. RealMachinery, a nationwide machine house with €50 million revenue, will operate under Wihuri's Technical Trade division, adding about 100 employees.
Romaco Group, a subsidiary of Truking Technology, officially opened its new plant in Bologna, Italy on November 12, 2021. The 17 million euro facility was completed in the first half of 2021 and increases production capacity for packaging machinery.
Doosan Bobcat North America announced a $70 million expansion of its Statesville, N.C. facility, adding 580,000 sq. ft. of manufacturing space and creating up to 250 new jobs. Construction is expected to start in July 2021 and be completed by May 2022.
BEC Group has secured a lease on a new facility in the New Forest to accommodate increased filter encapsulation production and stockpile specialist meshes. The warehouse will support production for automotive, marine, transport, medical, food and drink sectors.
BHS Corrugated is investing around EUR 40 million in a new automated logistics center at its headquarters in Weiherhammer, Germany, for manufacturing/assembly supply and global spare parts provision. The contract for logistics equipment was awarded to IGZ Automation. The center is expected to be completed by mid-2023.
Clough completed the Ore Handling Plant for BHP's US $3.6 billion South Flank project in the Pilbara region of Western Australia. The contract was awarded in February 2019.
Bobst Italia has successfully closed its final tender offer to acquire all assets of packaging equipment manufacturer Gruppo Cerutti, including Officine Meccaniche Giovanni Cerutti and Cerutti Packaging Equipment. The deal includes brand, IP rights, and intangible assets.
Mission Mobile Medical announced a growth plan adding over $25 million to the Central Piedmont region's economy, doubling manufacturing capacity to 50,000 square feet at its Greensboro, NC facility and creating 50 additional jobs.
Guay Inc. took delivery of two Liebherr LTM 1110-5.1 cranes, the first of this type in Canada, to replace ageing 120-tonne cranes in its fleet.
TYM announced it will absorb and merge its subsidiary KAM Holdings, which was established as a special purpose corporation for the acquisition of International General Machinery Co., Ltd.
Bauer held a groundbreaking ceremony for a 30,000 sq. ft. expansion at its Bristol, Connecticut headquarters to increase manufacturing capacity. The addition is expected to be fully operational by September 2022.
Weida Heavy Industry is investing 12 billion yuan in a high-precision five-axis machine tool industrialization project in Tengzhou, Shandong. Phase 1 is complete, phase 2 has started, and full production is expected by July 2022.
Bobst completed on 11 November 2021 its acquisition of the assets of Officine Meccaniche Giovanni Cerutti, Cerutti Packaging Equipment and 24/7 Cerutti Service. The assets are being integrated into Bobst Italia in San Giorgio Monferrato, where thirty ex-Cerutti employees will join.
Strukton Groep NV and SPIE entered exclusive negotiations for SPIE to acquire Worksphere, a Dutch multi-technical services provider with 1,900 employees and €434 million revenue in 2020.
AgriVision Equipment Group and PrairieLand Partners are entering into a joint venture effective Jan. 3, 2022, pending Deere & Company approval. Both companies will continue to operate under their current brands.
RBC Bearings Incorporated completed its acquisition of the DODGE mechanical power transmission division of ABB for approximately $2.9 billion in cash.
Shanghai Automation Instrumentation won a contract for Shanxi Zhongjin Taihang Refining & Chemical's 1 million tons/year coking project, including instrument sets, DCS control system, and installation.
ANDRITZ received an order from Welspun Advanced Materials to deliver a neXline spunlace line for a new plant in Hyderabad, India. The line has a capacity of up to three tons per hour, with start-up scheduled for Q4 2021.
VPK Group completed the installation of a Mitsubishi Heavy Industries Evol 100 casemaker at Viallon Emballage's facility in Saint-Just-Malmont, France. The line was commissioned in early November 2021.
ANDRITZ received an order from Suzano to deliver technologies for a pulp mill at the Cerrado project in Ribas do Rio Pardo, Brazil, with annual capacity of 2.55 million tons. Start-up is scheduled for the second half of 2024.
Mayville Engineering Company (MEC) announced it is expanding its capacity in Heber Springs, Arkansas. The expansion will add approximately 70 new jobs over four years and includes investment in leading-edge equipment and process improvements.
ANDRITZ received an order from Suzano to deliver technologies for all main process islands of the Cerrado pulp mill in Ribas do Rio Pardo, Brazil, with an annual capacity of 2.55 million tons, scheduled for start-up in H2 2024.
Atlas Copco acquired Steri srl, a private compressed air equipment and services distributor based in Rivoli near Turin with 19 employees. The deal strengthens Atlas Copco's presence in the Piedmont and Aosta Valley industrial market. The acquisition was reported on November 9, 2021.
One Equity Partners completed the acquisition of USNR and Wood Fiber Group on November 8, 2021, and merged them into a combined supplier of wood processing technology and consumables with projected 2021 revenues over $500 million. Financial terms were not disclosed.
JUKI Corporation, Mitsubishi Electric Corporation and Meiryo Technica Corporation have agreed to establish a joint venture company for the industrial sewing machine market. Meiryo Technica will establish a new company in which JUKI will hold 80% and Mitsubishi Electric will hold 20% ownership. The new company is expected to start operations in May 2022.
Qinchuan Machine Tool (000837.SZ) signed an investment agreement with the Shaanxi Xixian New Area Development and Management Committee to build a high-end industrial machine tool innovation base project in Xixian New Area, with a total planned investment of approximately 1 billion yuan (CNY 1,000,000,000). The project will cover about 221 mu of land and focus on R&D and production of high-end five-axis machining centers, high-end general CNC systems, precision measuring instruments, smart machine tools, and digital manufacturing centers.