Fenner Precision Polymers, a Michelin Group company, acquired industrial conveyor belting and wire cloth manufacturer Lumsden Corp. The acquisition adds 126 local employees and strengthens Fenner's position in specialized conveying products.
Siemens Government Technologies has been awarded a contract worth over $1.784 million by the FDA to install and configure an Advanced Digital Design and Manufacturing demonstration line for regulatory science use.
ABB has won a large-scale order from Renewcell to provide automation, electrification, quality control systems, motors and drives for a new industrial textile recycling production line in Sundsvall, Sweden, transforming a former paper mill into the world's first commercial-scale recycling plant for cellulosic textiles.
Hydraquip, Inc., part of Employee Owned Holdings, acquired substantially all assets of Flint Hydraulics, a Memphis-based distributor of hydraulic pumps, motors and parts, on October 1, 2021. Flint Hydraulics will keep serving clients under its own name.
Interpump Group closed its acquisition of the White Drive Motors & Steering business units from Danfoss, with plants in the US, Germany and Poland. The total enterprise value is 278 million euro, paid in cash.
Västra Götalandsregionen awarded Atlas Copco Compressor Aktiebolag a contract for service of compressors and ancillary equipment, valued at 2,205,800 SEK. Two bids were received.
Jinggong Technology signed a contract worth ¥330 million with Xinjiang Longju New Materials to supply 2 sets of carbon fiber production lines.
Machine Tool Research in Rochester, New York, was awarded a $31,476,471 firm-fixed-price contract by the Defense Logistics Agency for shaft lathes. The contract has a performance completion date of March 28, 2026.
Welbilt stockholders approved the merger agreement with Ali Group with 99.72% of votes in favor. The companies will divest the Manitowoc Ice brand to address antitrust concerns, with the acquisition expected to close in early 2022.
Sixeight, a Knoxville-based growth equity firm, acquired US Machine & Tool, a precision CNC machining and fabrication company in Murfreesboro, Tennessee, on September 30, 2021.
Sandvik Group completed the acquisition of CNC Software Inc., a provider of CAD/CAM software for manufacturing industries. The deal value was not disclosed.
Stromag supplied retractable rail clamps to fit KM Kümsan overhead cranes used in the construction of the replacement A40 Neuenkamp Duisburg Bridge in Germany, a €340 million project.
Melbourne Polytechnic awarded a contract to Alfex CNC Australia Pty Ltd for the supply of engineering goods and services to establish an Advanced Manufacturing Centre of Excellence.
Kobe Steel announced a change in the effective date of its capital and business alliance with Miura, under which Miura acquires Kobelco Compressors shares to form a joint venture.
Ritchie Bros. Auctioneers has entered into a definitive agreement to acquire SmartEquip, a multi-manufacturer platform for equipment service lifecycle management and parts procurement, for approximately $175 million.
Tambov crane equipment plant Vostekhremm completed construction of a new 3,600 sqm workshop for expanding overhead crane production, with 42 million rubles investment. The workshop will enable production of cranes up to 100 tons capacity.
BKT started trial production at a new greenfield plant in Waluj, Maharashtra, India, with a $56 million investment. The facility has an annual capacity of 30,000 MT of off-highway tires and will employ about 500 people at full capacity.
Yamazaki Mazak will invest 50 billion yen to expand its machine tool factory in Dalian, China, increasing monthly production capacity by 33% from 180 to 240 units. New equipment is expected to start production by September 2022.
Balkrishna Industries (BKT) inaugurated a new greenfield manufacturing facility in Waluj, Aurangabad district, Maharashtra, with an investment of USD 56 million and annual capacity of 30,000 MT of off-highway tyres. Trial production has commenced, and the plant will employ about 500 people at full capacity.
PDC Machines has signed the lease on a new 148,000 square foot plant in Lower Salford, Pennsylvania to scale up production of diaphragm gas compressors for hydrogen refuelling stations, with capacity of thousands of units per year.
The Ultra-Met Company in Urbana, Ohio, was awarded a $47.8 million U.S. Army contract, generating new work for the manufacturer.
Freudenberg Filtration Technologies plans to acquire Protect Plus Air Holding to grow its North American portfolio.
GROB, a machine tool company, awarded Kaiser a turnkey EPC contract for a new factory project. Kaiser had previously completed three phases of projects for GROB over the past ten years.
CIMC announced it has signed an agreement to acquire 100% of Maersk Container Industry, the marine reefer and refrigerated container manufacturing business of Maersk Group, for approximately $1.0838 billion. The deal includes Maersk Container Industry's headquarters in Denmark and its factory in Qingdao, China.
Atlas Copco acquired AEP, a privately owned French distributor of compressors and service provider with 8 employees based in Saint-Michel-sur-Orge near Paris. The purchase price was not disclosed.
VM-Works Oy has invested in a PEMA robotic welding station from Pemamek to weld buckets and equipment for earth-moving machinery. The investment will increase production capacity and reduce welding time.
Nidec Corporation plans to invest 700 to 800 billion yen in its subsidiaries Nidec Symposium and Nidec Machine Tool by the fiscal year ending March 2026, including acquisitions and new factories, to expand its machine tool business.
Danfoss has completed its acquisition of Eaton's hydraulics business for $3.3 billion after receiving all regulatory approvals. The business is being combined with Danfoss Power Systems, adding about 10,000 employees and $1.8 billion in sales.
Zoomlion Heavy Industry is investing 100 billion yuan ($15.5 billion) to build the Zoomlion Smart Industrial City, an intelligent manufacturing complex with IoT platforms and green technologies.
Software company up2parts GmbH has been awarded a development order by Schaeffler AG to digitalize and automate worldwide toolmaking, in partnership with DMG MORI. The project will create 20 new jobs at up2parts in Weiden.
Liebherr-Component Technologies AG has begun construction of a new plant in Dalian, China, to produce bearings, drives and hydraulic cylinders. Production is planned to start by the end of 2022.
Weber Maschinenbau has started up a new fully automated sheet metal construction production plant at its Neubrandenburg site. The EUR 3.4 million investment from TRUMPF will operate 24/7, reducing laser downtimes by 30% and bending processing times by 40%.
Morgère has completed the move to a new 2,500m² purpose-built manufacturing facility in Miniac-Morven, Brittany, for producing trawl doors and fishing equipment.
Trumpf is expanding its Neukirch site in Saxony, Germany, investing around EUR 11 million over three years to produce highly automated laser systems for sheet metal processing.
KONE won an order to supply 25 elevators and 81 escalators for the Dayan and Huang Mugang transportation hub in Shenzhen, China, with completion expected by mid-2023.
BHS Corrugated broke ground on a logistics park in Weiherhammer, Germany, with a 26,500 m² production hall and a three-storey administration building, with construction due by March 2023. The investment totals approximately €38 million.
Valmet and CMPC signed a letter of intent for Valmet to deliver key technology for the BioCMPC project, which will increase the production capacity of the Guaíba pulp mill's line 2 from 1.5 million to 1.85 million ADt/y. The modernization is expected to start operation in Q4 2023.
Bosch Rexroth is investing around €25 million in electronics manufacturing and a new logistics center for its automation business in Lohr-Wombach, Germany. Construction of the logistics center is scheduled to begin in 2022, with commissioning planned for mid-2023.
ZF Friedrichshafen AG announced the full integration of MICO, a developer of hydraulic and electrohydraulic braking systems, into its Off-Highway Business Unit. MICO was acquired by WABCO in 2016 and became part of ZF when ZF acquired WABCO in 2020.
Valmet will supply a new container board making line (PM 3) to Batı Kipas Kagıt Sanayi İsletmeleri in Söke, Turkey. The line will produce fluting and liner grades, with start-up scheduled for Q3 2023.
The VELUX Group has selected Schneider Electric to develop a global program with zero carbon action plans for each of its factory sites, aiming for carbon neutrality by 2030 and Lifetime Carbon Neutral by 2041.
Sandvik Coromant is adding a new solid round tools production line at its Westminster, South Carolina facility to serve aerospace and automotive customers. The transfer will be in full operation by Q2 2022.
TMC Compressors won work to supply the marine compressed air system for the Sangomar FPSO, which MODEC provides for Woodside Energy at the Sangomar field in Senegal. The system will be built in Europe and delivered to COSCO's Dalian shipyard in China.
Calvert Street Capital Partners acquired Machine Specialties, Inc., a machining and metal-finishing specialist in Whitsett, North Carolina. The acquisition closed on September 20, 2021.
Platinum Stairlifts is investing over £5 million to open a new 58,000-square-foot production facility in Keighley, West Yorkshire, expected to create at least 30 new skilled jobs and more than double production capacity. The facility is due to open in early 2022.
Ramtec Group completed a factory extension of approximately 600 m² at its facility in Lahti, Finland, and renovated the paint line in 2021.
Valmet will supply a new containerboard line (PM 3) with automation and services to Batı Kipas Kagıt in Söke, Turkey, with an annual capacity of 650,000 tonnes, scheduled to start in Q3 2023.
DeSHAZO, a manufacturer of industrial automation equipment and overhead cranes, acquired Proto Machine Works, a designer and manufacturer of custom industrial equipment in Huntsville, Alabama.
Zoomlion Heavy Industry started construction on the headquarters building, engineering crane machinery park, concrete pumping machinery park, and aerial-work machinery park of its smart industry city project in Changsha, China, expected to generate 100 billion yuan annually.
Aalberts N.V., a Dutch manufacturer, acquired Aalberts surface technologies. The deal closed on September 17, 2021.