Xuzhou Construction Machinery Group (XCMG) received approval from the Jiangsu State-owned Assets Supervision and Administration Commission to absorb XCMG Construction Machinery Co., Ltd. (Xugong Youxian) via a share issuance. The merger will make Xuzhou Construction Machinery Group the controlling shareholder.
Qinchuan Machine Tool announced plans to invest about 1 billion yuan to build the Qinchuangyuan Qinchuan Group high-end industrial machine tool innovation base project in Xixian New Area.
Dowse Engineering has invested in a third Matsuura CUBLEX-35, a fully automated 5-axis CNC milling machine with turning capability, equipped with 32 pallets and 210 tools.
KCM Capital Partners' Industrial Service Group completed its acquisition of Industrial Air Power, LLC, a compressed air equipment and parts distributor headquartered in Muskego, Wisconsin. Terms were not disclosed. The announcement was made on November 8, 2021.
Zhangjiagang Guangda Special Materials Co., Ltd. signed an agreement with Spain's Nikolas Correa Group to purchase six ORIX gantry bridge-type machining centers for about $20 million (1.2 billion yuan), for machining gearbox end covers for 5 MW wind turbines. Delivery is expected by April 2023.
At the China International Import Expo, Zhangjiagang Guangda Special Materials signed a contract to buy six ORIX gantry machining centers from Nicolas Correa Group for about $20 million (1.2 billion yuan).
Bouygues Group signed a purchase agreement with Engie to acquire Equans, a multi-technical services company, for an enterprise value of €6.7 billion. The deal is expected to close in the second half of 2022 and will create a combined entity with around 96,000 employees and €16 billion in sales.
Valmet and CMPC finalized an agreement for Valmet to deliver key technology and automation for the BioCMPC project, a major modernization of line 2 at CMPC's Guaíba pulp mill in Brazil. The project will increase capacity from 1.5 million to 1.85 million ADt/y, with startup expected in Q4 2023.
Schumacher Packaging commissioned Voith to rebuild paper machine 2 at its Myszków, Poland containerboard mill, doubling capacity from 500 to 1,000 tons per day, with startup scheduled for mid-2023.
Louth and Meath Education & Training Board awarded a €1,000,000 contract to SMC Industrial Automation (Ireland) Ltd. for the supply of Programmable Logic Controller (PLC) training units and accessories. The contract was awarded on November 5, 2021.
Valmet and CMPC finalized an agreement under which Valmet will supply key technology and automation for the BioCMPC project at the Guaíba pulp mill in Brazil. The line 2 capacity will rise from 1.5 to 1.85 million ADt/y, with start-up expected in Q4 2023. The order value was not disclosed.
Valmet Oyj and Neles Corporation now target completion of their merger on or before April 1, 2022, instead of January 1, 2022, because regulatory reviews are taking longer. The merger was first announced on July 2, 2021.
TriMech, backed by The Halifax Group, has acquired Adaptive Corporation and Forward Vision. The acquisitions expand TriMech's capabilities in engineering and design software solutions.
AgriVision Equipment Group and PrairieLand Partners, both John Deere dealers, are entering into a joint venture effective Jan. 3, 2022, pending Deere & Company approval. The combined company will operate 32 dealerships across Kansas, Iowa, Missouri and Nebraska.
Amsted Automotive Group's Burgess-Norton unit has acquired SMW Manufacturing Company, a cold-formed and precision-machined components manufacturer for heavy truck, automotive, mining, and industrial markets. Terms were not disclosed.
Camfil Air Pollution Control held a groundbreaking ceremony for a new manufacturing facility in Jonesboro, Arkansas, with an investment of over $37 million. The facility will add 67 new jobs and is expected to be operational in 2022.
Aptean acquired Objective Holding, a Belgium-based provider of MES, WMS and WFM solutions.
Berkshire Partners has agreed to acquire a majority stake in Harvey Performance Company, a designer and manufacturer of specialized cutting tools, from Summit Partners. The transaction value was not disclosed.
State enterprise Antonov signed a contract with German company Niles-Simmons Industrieanlagen GmbH to purchase two metalworking machines for EUR 5 million. The equipment is to be delivered by the end of 2022.
WEG announced an investment of R$178.2 million to modernize and expand its electric motor factory in Linhares, Brazil, adding 14,000 square meters of manufacturing space and creating 250 new jobs by 2023.
Metso Outotec will invest in extending its manufacturing capacity of mobile track-mounted crushing and screening equipment in Alwar, India. The expansion will increase production value by 30% and global track-mounted mobile machine capacity by 15%, adding approximately 200 jobs.
Xebec Adsorption closed the acquisition of all outstanding shares of Colorado-based UECompression for a total consideration of $8 million, subject to holdbacks and adjustments. The deal adds a 100,000 sq. ft. US plant to expand biogas and hydrogen system production.
Yunda Paper Machinery was selected as supplier of stock preparation and approach flow system for a 130,000-ton-per-year packaging paper production line at Haiphong HoangHa Paper Industry in Vietnam. Equipment was delivered by July 2023.
Allied Motion Technologies Inc. acquired ORMEC Systems Corp., a developer of electro-mechanical automation solutions and motion control products for the automation and aerospace industries. Terms were not disclosed.
WIKA Sensor Technology broke ground on a 20,000-square-foot manufacturing facility in Lewis Center, Ohio. The $5.4 million project will create 15 new production jobs, with completion expected in July 2022.
Ubroek Machinefabriek in Venlo has ordered a Zayer Kairos machining center with a 6000 mm X-axis travel, integrated 1600 mm rotary table, and full turning function, to be delivered after the EMO trade fair in Milan.
Shanghai NOVA won an EPC contract from 3 Trees Coatings to build a fully automated grout agent production line at its Anhui factory. The line will be the largest and most automated in China.
Virnig Manufacturing, a Minnesota-based maker of skid steer attachments, will establish a new 62,000-square-foot facility in Bledsoe County, Tennessee, investing $11.6 million and creating about 74 jobs. Limited production is expected to begin on January 1, 2022.
Virnig Manufacturing is establishing new operations in Pikeville, Tennessee, investing $11.6 million and creating 74 jobs. The 62,000-square-foot facility is expected to be operational in Q1 2022.
Dynamic International completed the expansion of its SMART Machine Tool Korea factory with an additional 100,000 sq. ft., increasing production capacity by 3-4 times current levels.
John Deere and Hitachi Construction Machinery will dissolve their 33-year joint venture for manufacturing excavators in the Americas. Deere will purchase the joint-venture factories and continue producing Deere-branded excavators, while Hitachi will manufacture its excavators in Japan and import them.
Doosan Bobcat North America held a groundbreaking ceremony for a $70 million, 600,000-square-foot manufacturing, warehouse, and distribution addition to its complex in Statesville, North Carolina. The expansion will double the facility's footprint to nearly 1.2 million square feet and add 62 acres.
Milwaukee Tool announced a new manufacturing facility in Clinton, MS, as part of a $7 million investment and a commitment to create 1,200 jobs in Mississippi. The 357,000 sq. ft. facility will expand the company's existing operations in Jackson, MS.
CNH Industrial has purchased Italian construction equipment manufacturer Sampierana S.p.A. for €101.8 million. Sampierana manufactures Eurocomach compact and midi excavators and custom undercarriages.
Fluitron, an industrial gas compression manufacturer, acquired Bethlehem Hydrogen, a maker of integrated hydrogen compression, dispensing and storage systems based in Northampton, PA, with Ara Partners sponsoring the deal; terms were not disclosed.
Fortescue Future Industries (FFI) signed a memorandum of understanding with JCB and Ryze for JCB to buy 10% of planned green hydrogen production from FFI.
Faresin Industries presented the world premiere of the new FS 7.32 telescopic handler in LC (Low Cab) and standard versions at the Eima international 2021 exhibition. The company also showcased the updated 6.26 Full Electric telescopic handler.
V-ZUG Kühltechnik AG opened a new factory in Sulgen, Switzerland, replacing its leased facility in Arbon. The new plant can produce up to 145,000 refrigerators per year, up from 80,000 in Arbon, and features a photovoltaic system on the roof.
Camfil Air Pollution Control held a groundbreaking ceremony for a new 290,000-square-foot manufacturing and office facility in Jonesboro, Arkansas. The $37 million investment will add about 67 new jobs and is scheduled to open in Fall 2022.
Navantia has placed an order with Pemamek for highly automated PEMA Panel Lines, Profile Processing Lines and Sub-Block Production Lines for its shipyards in Spain. The deliveries will be phased over the next two years.
Navantia has placed an order with Pemamek for highly automated PEMA Panel Lines, Profile Processing Lines and Sub-Block Production Lines for its shipyards in Spain. Deliveries will be phased over two years.
emz-Hanauer is building a new production facility in Resita, Romania, its third EU site. Production is planned to start in autumn 2022 with 50-100 employees, eventually up to 500.
Taishan Fortune Precision Machinery is planning to invest more than CNY40 million (US$6.25m) in a new manufacturing plant in Taishan City, Guangdong province.
Envirosep broke ground on an expansion of its manufacturing complex in Georgetown, South Carolina, adding a 100,000 sq. ft., 4-story building. The $18 million investment will create 80-100 new jobs.
ANDRITZ received an order from Welspun Advanced Materials to deliver a complete neXline spunlace line for nonwoven production at a new plant in Hyderabad, Telangana, India. The line has a capacity of up to three tons per hour and start-up is scheduled for Q4 2021.
Komatsu Ltd. built a new seal ring factory at its Himi Plant 2 in Japan. The completion ceremony was held on 29 October 2021, with production starting in November 2021. The factory replaces a 60-year-old facility and aims to improve productivity and reduce CO2 emissions by 50%.
Grob Machine Tools (Dalian) Co., Ltd. broke ground on a fifth-phase factory in Dalian Jinpu New Area, investing CNY 130 million. The new facility will focus on R&D and production of machine tools for new energy vehicles, with completion and production start planned for August 2022.
Komatsu agreed to dissolve Shantui Construction Machinery's equity participation in Komatsu Shantui Construction Machinery, a joint venture in Jining, China. The process will proceed in FY2021, with minimal impact on consolidated results.
GE Appliances announced a $450 million investment at its Appliance Park in Louisville, Kentucky, to boost capacity and launch new products, adding over 1,000 jobs by the end of 2023.
Manitowoc has made significant investments over the last three years in its Potain tower crane factories in Charlieu and Moulins (France), Baltar (Portugal), and Niella Tanaro (Italy), including new buildings, production lines, and automated welding.