Laempe Mössner Sinto GmbH invested about €1 million in a new F-MT 4000 CNC turning, milling and drilling center at its Barleben production facility, supported by ERDF subsidies.
RBC Bearings Incorporated has entered into a definitive agreement to acquire the DODGE mechanical power transmission division of ABB for $2.9 billion in cash, doubling RBC's revenue and EBITDA scale.
Jinshiyuan (Jin Shi Yuan) plans to implement a pipeline project for its pottery wine cellar and awarded the contract to Jiangsu Juyuan Mechanical Equipment Co., Ltd. The project amount is 32.845 million yuan, with a duration of 180 days from contract signing.
Thermex-Thermatron Systems acquired Florida-based JTE Machines, an engineering and automation firm for RF and material sealing. The acquisition expands Thermex's capabilities and makes it North American distributor for Oteman Advanced Cutting Technology.
Manitou Group has built a new 18,000 m² plant in Candé, France, with an investment of €26 million. The facility will produce thermal and electric all-terrain access platforms and is expected to double production.
SEW-EURODRIVE is constructing a new R200-million head office and factory in Aeroton, Johannesburg, South Africa. The 25,000 m² facility will provide three times more space than its current office and will be Industry 4.0-compliant.
FCS Group held a beam-raising ceremony on July 22, 2021 for a new plant in Ningbo Hangzhou Bay New District, China. The plant will be built by FCS (Ningbo) Machinery Manufacture Co., Ltd., a subsidiary of the Taiwan-based plastic injection molding machine manufacturer.
Harbin Bearing Group (Jianlong Group) and Shenyang Machine Tool (Shenji) signed a comprehensive strategic cooperation agreement in Harbin to create a one-stop channel for high-end bearing steel, machine tool bearings and machine tools.
Ferzol completed a HUF 2.3 billion capacity expansion in Szolnok, Hungary, building a 3,200 sqm production hall and boosting CNC capacity by 10%.
Mayfield Group Holdings secured a $10.3 million contract to supply transportable switchrooms to Lynas for its rare earth project near Kalgoorlie, Western Australia. Equipment will be designed and manufactured in Adelaide and Perth and delivered by March 2022.
MATADOR Group expanded its capacity with a new 25,000 kN hydraulic press at MATADOR Tools in Dubnica nad Vahom, Slovakia. The press features a Siemens control system.
Bright Laser Technologies (BLT) plans to invest up to 2 billion yuan to build a metal additive manufacturing innovation capability project in Xi'an, China, including large-scale production facilities and equipment.
Teknikum Group acquired the remaining shares of T-Plasztik, making it a fully owned subsidiary. The agreement was signed on July 21, 2021.
Knoll Maschinenbau received a double-digit million euro order from SEW-Eurodrive to install a central chip and coolant filtration system for a new machine park at SEW-Eurodrive's Graben-Neudorf site. Delivery starts in 15 months.
Whirlpool announced a $120 million investment at its Ramos Arizpe, Coahuila plant. $110 million will expand the facility by 30,000 sq m by 2024 for a new french door refrigerator line, creating 1,000 jobs. $10 million will boost side-by-side fridge production by 10% from 2022, creating 130 jobs.
Hardinge Inc. entered a definitive agreement to acquire J.G. Weisser GmbH & Co. KG, a German manufacturer of high-precision turning machines and automation solutions, with sales of approximately $90 million.
Elektroteks is tripling its production facilities from 150,000 square feet in 2019 to 450,000 square feet by end of 2021. The expansion includes a new 150,000-square-foot facility completed in 2020 and another 150,000-square-foot facility under construction, with $16 million invested in machining centers and upgrades.
Romi USA entered into an exclusive distribution agreement with United Precision Services (UPS) for Romi's heavy-duty horizontal and vertical CNC lathes across the USA and Canada.
Enercom signed two contracts at Innoprom 2021: one with Seversky Pipe Plant for 85 million rubles and one with Sinarsky Pipe Plant for 440 million rubles, for comprehensive lighting system modernization, including a unique automated lighting control system for Sinarsky.
Manitowoc agreed to acquire the crane business of H&E Equipment Services, a Louisiana-based equipment distributor and rental company.
Saudi Aramco Energy Ventures (SAEV) led a Series C funding round in Flowcastings GmbH, a turbine blade manufacturer. The investment will be used to expand manufacturing capacity and increase sales force.
Piovan Group is building a 10,000-square-meter facility in Suzhou, China, to produce automation systems for plastics, food powders, and refrigeration markets. The site will serve as the reference headquarters for all the Group's branches in the Asian region.
Lumibird has signed an exclusive agreement with Areva to acquire its 37% stake in Cilas, a laser technology company. The acquisition is subject to administrative authorisations and should be finalised in the next few days.
Fast Radius, a cloud manufacturing solutions provider, announced a definitive business combination agreement with ECP Environmental Growth Opportunities Corp., a SPAC. The combined company will have an estimated post-transaction equity value of $1.4 billion.
Tiantie Co., Ltd. (300587.SZ) received a notice of award from Wenzhou City Railway Line 2 Project Co., Ltd. for the supply of rubber vibration damping pads and related services for the Wenzhou Rail Transit S2 line phase 1 project. The contract value is CNY 144 million.
ANDRITZ received an order from Shandong Huatai Paper to upgrade an existing BCTMP plant in Dongying, China, increasing capacity from 100,000 to 300,000 admt/a, making it the world's largest mechanical pulping line for P&W paper grades.
Press Room Equipment, including Norwalk Innovation and Waddington Electronics, merged with EnSight and will operate under the EnSight brand. The merger combines industrial processing equipment with food processing lines.
JEB Precision Ltd installed a Nakamura-Tome AS200L-MYS turning centre from Engineering Technology Group (ETG) to improve productivity for manufacturing a complex aerospace component. The machine was installed in January 2020.
Image Systems' business area Remasawco won an order worth approximately SEK 7 million for delivery and installation of a complete solution for optimization, quality sorting and sorting control for a sawmill project in the Nordic market. Delivery and commissioning are planned for 2022.
Nordmeccanica, a global leader in flexible packaging machinery, announced a €3 million investment to build a new 3,000-square-meter production facility in Piacenza, Italy, expected to create 30-35 jobs. Construction is starting soon, with completion targeted for June/July 2022.
Ju Teng International (巨腾国际) has purchased equipment from Hua Li Machinery (华俪机械) for HKD 104 million and from Wu Jiang Machinery (吴江机械) for HKD 127 million, partly for installation in a new production facility as part of a plant relocation in Wujiang, Jiangsu, China.
Aalberts N.V. reached a definitive agreement to acquire 100% of Premier Thermal Solutions, a surface technologies provider with nine locations in the US Midwest, generating annual revenue of approximately USD 60 million.
Cryostar is investing EUR 15 million of its own funds to build a ninth 1,600 m2 hall at Hésingue, Haut-Rhin, for assembling and testing turbines and compressors, doubling capacity for these products, with 25 hires planned and commissioning expected end of 2022.
ANDRITZ was selected by Domtar to supply equipment and technical services for converting a power boiler and a recovery boiler at Domtar's Kingsport paper mill in Tennessee into a packaging facility.
Turntide Technologies Inc. acquired the Gateshead Technical Center from BorgWarner Inc. in Northeast England. The center designs power electronics for vehicular propulsion systems and employs over 80 engineers.
Yamazaki Mazak began production of the Quick Turn 350, 350MY and 350MSY turning centres at its Worcester, UK plant, following strategic investments including new machining centres and automation systems.
Sandvik signed an agreement to acquire Fabryka Narzędzi FANAR S.A., a Polish manufacturer of round tools. The company will be reported in Seco, a division of Sandvik Manufacturing and Machining Solutions.
VINCI Energies, through its Actemium brand, acquired Amecha, a Dutch technical service provider specializing in mechanics, automation, software, mechatronics and robotics, to strengthen its industrial portfolio.
Roborigger announced the appointment of JOTO Sangyo Co. Ltd as its agent in Japan and entered into a cooperation agreement with JOTO and Sumitomo Mitsui Construction Co. to use the Roborigger.
Precitrame Machines SA has acquired a 100% stake in Kummer Frères SA, both based in Tramelan, Switzerland. The acquisition was announced on 15 July 2021.
Van den Berg, backed by BESIX, has agreed to acquire Agidens Infra Automation, a provider of infrastructure projects in Belgium and the Netherlands. Financial terms were not disclosed. The deal was announced on 15 July 2021.
One Equity Partners agreed to merge its portfolio company Walterscheid Powertrain Group into Italian listed firm Comer Industries, with OEP keeping a significant minority stake in the combined company. Together the two companies generated EUR 792.3 million revenue in 2020.
CNT85 announced a KRW 700 million contract with Maeil Food to supply and install an automatic filter press at Maeil Food's Iksan plant in South Korea. The contract was signed on July 13, 2021 and announced on July 14, 2021.
The US Justice Department reached a settlement allowing Danfoss to buy Eaton's hydraulics business, with orbital motor and hydraulic steering assets to be sold to Interpump Group. The deal was originally announced in January 2020 at $3.3 billion and is expected to close around August 1, 2021.
TMC Compressors has been contracted to supply a complete marine compressed air system for two walk-to-work CSOVs being built by China Merchants Heavy Industry in Hong Kong for Norway's Awind AS. Delivery is scheduled for the first half of 2023; the contract value was not disclosed.
PartsBadger LLC is expanding its Cedarburg, Wisconsin facility with a $1.55 million capital investment, including a 5,000-square-foot expansion and new machinery, adding 26 jobs by 2024.
Valmet will supply a conversion from paper machine to fluff pulp drying machine at Daio Paper Corporation's Mishima mill in Japan. The delivery includes new machinery, rebuilds and automation. The start-up is scheduled for the first quarter of 2023.
Weichai Power agreed to buy a 39.31% stake in Weichai Lovol from Abos and Qingte for a total of approximately CNY 985 million. Weichai Lovol manufactures agricultural machinery, construction machinery, and automotive parts.
Kval Inc., a door machinery manufacturer, is partnering with Titan Development on a 52,500-square-foot build-to-suit manufacturing facility at Titan's Innovation Business Park Phase 2 in Hutto, Texas. The announcement was made on July 13, 2021.
Norske Skog commissioned Voith to convert the PM 1 paper machine at its Golbey mill in France to produce recycled packaging paper, with a BlueLine stock preparation system and an XcelLine machine; output will be 550,000 tons per year and commissioning is scheduled for Q4 2023.