Bauer do Brasil will invest R$40 million in a new plant in São João da Boa Vista, São Paulo, to raise pivot capacity by 50% and assemble reels and separators. The company committed to at least 100 jobs within four years, with completion expected by 2025.
Sinopec Oilfield Equipment Corporation won the bid for a diaphragm hydrogen compressor project serving high-purity hydrogen storage and transport in the Beijing-Tianjin-Hebei region, its second such commercial order.
Grundfos opened its advanced manufacturing plant in Changshu, Jiangsu Province, China, on March 21, 2024. The roughly $100 million, 35,000 square meter facility began production three months before the official launch.
Taiyuan Heavy Industry's Yuci hydraulic subsidiary is adding engineering-machinery pump, valve and oil-pump production lines to existing plants in Yuci District, Jinzhong, Shanxi, with 181.25 million yuan of investment. The project targets annual output of 655,000 pump and valve units and 1 billion yuan in sales, with construction planned for 2024 Q2 to 2025 Q4.
CFF Fluid Control Ltd received a biennial rate contract from Mazagon Dock Shipbuilders for engineering work on Project-MRLC-2 INS Shankush, worth Rs 46,46,00,000 and due for delivery by August 2026. The order was reported on March 19, 2024.
Chart Industries received an order from Element Resources for hydrogen liquefaction systems, liquid hydrogen storage and transport equipment, and hydrogen compression for the Lancaster Clean Energy Center in Lancaster, California. The plant is targeted to begin commercial operations in 2026 and produce over 20,000 tons of green hydrogen annually in its first phase.
Austrian machine maker STATEC BINDER completed its largest order to date, worth over EUR 10 million, delivering 16 packaging lines and related equipment for a petrochemical customer in India. The lines pack HDPE, LLDPE and PP granules into 25 kg sacks.
Jiangsu Ruixiang Chemical's 1.2 Mt/a high-salt wastewater recovery project in Yizheng published a bid ranking for chlorine gas compressor units, with Yangzhou Jiuzhou Pump Co. first at RMB 5.79 million with delivery six months after signing.
PetroVietnam Packaging Joint Stock Company invited bids for procurement of one coating/laminating machine for its Bac Lieu petroleum packaging factory, with a tender value of 7,945,539,480 VND.
BIBUS UK Ltd, a distributor, announced a strategic collaboration with Thomson Linear Motion, a linear motion solutions provider.
Atlas Copco acquired Germany distributor Druckluft-Technik-Nord, which joins Pacific Sales & Service in its Service division. The price was not disclosed.
AERZEN held the grand opening of a new 5,614 square meter turbo manufacturing facility in Cheongju, South Korea, on March 12, 2024. The plant adds production lines and is expected to create more than 5 jobs.
Hanwha Ocean selected Norway-based TMC Compressors to supply compressed air systems for four 174,000 cubic metre LNG carriers being built for an undisclosed Asian shipowner. The contract value was not disclosed.
L&T's hydrocarbon unit secured a significant order from ONGC for engineering, procurement, construction and commissioning of process gas compressor modules at Mumbai High and Tapti offshore locations, valued between ₹1,000 and ₹2,500 crore.
AVS-Yhtiöt Oy and its owners sold AVS-Power Oy, a Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors, to Beijer Oy, a subsidiary of Beijer Alma AB. The deal was advised by Avance Attorneys and reported on March 4, 2024.
NETZSCH do Brasil inaugurated a new R$100 million manufacturing plant in Pomerode, Santa Catarina, to produce NOTOS spindle pumps for global markets. The plant had been under construction since 2021 and employs 70, with a target of 100 jobs by year end.
Atlas Copco Group acquired Zahroof Valves Inc., a Houston-based designer and assembler of reciprocating compression valve technology with 44 employees and about 130 MSEK revenue in 2023. The purchase price was not disclosed.
Baker Hughes inaugurated an expanded production line for centrifugal compressors at its Talamona plant in the Valtellina area of Italy. The investment will add four specialized jobs, taking the site above 300 employees.
Bwv-Wellpappenmaschinen Vertriebs-GmbH completed the acquisition of a 30% stake in BHS Corrugated Maschinen- und Anlagenbau GmbH from Bobst Group SA on February 29, 2024. Financial terms were not disclosed.
ELGi Equipments plans a long-term investment of more than ₹500 crore to build new buildings and production lines on its 120-acre campus outside Coimbatore. It will progressively move city factory operations there over five to six years.
John Crane, a business of Smiths Group, was selected to supply dry gas seals for three supercritical CO2 compressors at a large-scale blue hydrogen project in Texas, USA. The announcement was made on 27 February 2024.
Atlas Copco appointed Philippe Ernens president of its Compressor Technique business area and member of Group Management, effective May 1, 2024. He was previously president of the Oil-free Air division.
EiM Capital and Apogee Global signed a definitive agreement to acquire Dana's European hydraulics business (formerly Brevini Fluid Power) in Reggio Emilia, Italy, and combine it with HPI, creating a hydraulics engineering group with about 700 employees.
Finnish companies Sammet Dampers Oy and Caligo Industria Oy announced a sister-company merger, with Sammet's assets and liabilities transferred to Caligo Industria, effective March 31, 2024.
Dana Inc. has entered a definitive agreement to sell its European hydraulics business to HPI Group, a hydraulics business jointly held by Apogee Group and EiM Capital; completion is expected later.
Motion Industries signed a definitive agreement to buy the operating assets of Perfetto Manufacturing and SER Hydraulics, fluid power companies in Sudbury, Canada, with closing expected at the end of February 2024; terms undisclosed.
BOOSTHEAT announced it has entered final negotiations with a French manufacturer to develop a new-generation ionic fluid hydrogen compressor for refueling stations and decentralized storage, possibly via a joint venture.
Atlas Copco has acquired Arlógica, a compressor distributor and service provider based in Vila do Conde, Portugal, with 9 employees; the purchase price was not disclosed.
Taiyuan Heavy Industry's Yuci Hydraulic unit plans a new hydraulic component R&D workshop in Yuci District, Jinzhong, Shanxi, with capacity of 35,000 pump and valve units per year. Investment is 52 million yuan, with construction planned for 2024 to 2025.
Wärtsilä Gas Solutions will deliver the liquid ammonia fuel supply system for two gas carriers being built by Hyundai Mipo Dockyards in Korea for EXMAR LPG, with delivery to the yard scheduled for 2025.
Krones has agreed to acquire 100 percent of the Netstal Group from KraussMaffei, with the agreement signed on February 6, 2024 and completion expected in the first half of 2024.
PiovanGroup acquired an additional 1% equity stake in Nu-Vu Conair Private Ltd, bringing its collective holding to 51% and consolidating its position in India's plastics and polymer processing market.
Taiyuan Heavy Industry's Yuci Hydraulic Industry subsidiary re-tendered design services for a quality-upgrade capacity project, building a new hydraulic component R&D plant of about 13,000 square metres to produce 35,000 pump and valve units a year.
Ingersoll Rand has completed the all-cash acquisition of Friulair S.r.l., an Italian maker of compressed air dryers and chillers with manufacturing in Italy and Thailand, for approximately $146 million. Friulair has roughly $65 million in revenue and about 215 employees.
Mitsubishi Heavy Industries Compressor International will supply steam turbines and compressor packages to Dow for its net-zero Path2Zero ethylene cracker at Fort Saskatchewan, Alberta, under two contracts. Dow's overall brownfield investment is $6.5 billion.
Interpump Hydraulics has laid the foundation stone of its new 62,000 square meter headquarters in Sala Bolognese, near Bologna, Italy, with an investment of about 30 million euros. Staff from Calderara di Reno and Bologna will move there starting in 2025.
Norway-based TMC Compressors will supply a large marine compressed air system, including control and service air compressors, for Yinson Production's Agogo FPSO offshore Angola, which is expected to be operational in 2026.
Continental's ContiTech unit will build a hydraulic hose plant in Aguascalientes, Mexico, with an investment of around 90 million dollars. The first stage will create more than 200 jobs, with construction planned for the second half of 2024 and operations expected in the second half of 2025.
Ivys Adsorption Inc. signed a distribution agreement making it ELGi's distributor for compressors across Quebec and Ontario, including aftermarket management. The deal was announced on January 24, 2024.
Voith has started up the rebuilt PM 2 paper machine at Schumacher Packaging's Myszków mill in Poland, doubling lightweight containerboard capacity from 500 to 1,000 tons per day.
TMC Compressors will supply marine compressed air systems for Havfram Wind's wind turbine installation vessels (WTIVs), as reported on 16 January 2024.
DRT Holdings announced the purchase of U.S.-based Custom Machining Corporation for an undisclosed sum; CMC joins DRT's Metal Packaging Systems segment, which makes rotary end coating systems for metal packaging.
TMC Compressors will supply complete marine compressed air systems for two wind turbine installation vessels that CIMC Raffles is building for Havfram Wind; TMC will manufacture in Europe and deliver to China. The contract value was not disclosed.
Sauer Compressors acquired 100% of its Swedish sales partner Söders Maskinservice AB, effective 1 January 2024, to expand its presence in the Nordic countries; the company will operate as Sauer Compressors Nordics AB.
XCMG Hydraulics' high-end hydraulic valve project in the XZ High-tech Development Zone has been put into production, with capacity of 30,000 high-end hydraulic cylinders and 30,000 hydraulic valves a year, after a total investment of over 700 million yuan.
Elgi Equipments has signed a 10-year contract with Siemens to supply 2,400 sets of air screw compressors with dryer packages and 1,200 auxiliary compressors for locomotives. Elgi will also maintain the compressors for 35 years from supply, with deliveries starting next fiscal year. The contract was reported on 12 January 2024 and was signed in December 2023.
Fosber Asia held a topping-out ceremony for its new intelligent corrugator factory in Songxia Industrial Park, Foshan, marking completion of the main construction phase. The project has an investment of about 500 million yuan on a 13-acre site.
Valmet will supply key technology, including headboxes, press section, coating and automation, for Shandong Jin Tian He Paper's PM 13 food-grade folding boxboard machine in China. The value was not disclosed, and start-up is scheduled for Q2 2025.
GEA began operations at a new 86,000 square-foot fabrication, repair, logistics and training facility in Janesville, Wisconsin, representing about USD 20 million of investment. The site employs over 70 people.
Atlas Copco Group acquired the technology of Utah-based Hycomp Inc, a privately owned maker of high-pressure oil-free compressors and boosters with 37 employees and about USD 8 million in 2023 revenue. The purchase price was not disclosed.