S-5! is expanding its manufacturing facility in Iowa Park, Texas, by over 20,000 square feet, increasing the total to 63,000 square feet. The expansion is driven by growth in solar and snow retention markets.
Mahindra & Mahindra has acquired an additional 1,050 shares in its Finland-based subsidiary Sampo Rosenlew Oy for €3.5 million (Rs 31.15 crore), increasing its stake from 74.97% to 79.13%. Sampo Rosenlew is a manufacturer of combine harvesters.
Pideca, part of Sodeca Group, officially inaugurated new facilities in Sant Quirze de Besora, occupying 6,000 m2, expanding production, welding, sheet metal and robotics areas, creating 30 new jobs, with investments of around 3 million euros in machinery over the last four years.
JCB India Limited inaugurated its largest Parts Centre in Bhaproda, Haryana, spanning 13,935 square meters. The facility will provide parts support to northern India, serving 15 dealer locations, and is expected to create over 100 jobs.
Integro Technologies Corp., an industrial automation company, will invest $2.67 million to expand its engineering and development center in Salisbury, North Carolina, adding 30 new jobs over five years. The expansion adds 10,000 square feet of space.
Modec ordered six compressor trains from MAN Energy Solutions for the Sangomar field offshore Senegal, with ready-for-installation expected in Q4 2021. The contract value was not disclosed.
Harvey Performance Company announced the acquisition of Titan USA, a manufacturer of carbide, high-speed steel and cobalt cutting tools based in West Springfield, Massachusetts.
Hunan Kaishi Machinery invested CNY 200 million to build a new smart factory in Anxiang Industrial Park, completing relocation and starting production. The facility features robot production lines for sewing machine parts.
Foshan Shunde HanChen Cold & Hot Equipment Co., Ltd. is building a new energy-saving commercial water dispenser manufacturing center in Xingtan, Foshan, with a total investment of 29.05 million yuan. The project includes a 4,930.64 sqm factory and 2.2 million yuan in equipment.
Norden Machinery is moving into a new 20,000 m² factory at Snurrom in Kalmar, Sweden, with a budget of approximately 250 million SEK. The factory will be operational from January 2021 and has capacity to grow by 25 percent.
Berdex Group plans to expand its production of animal transport equipment in Veliky Novgorod, Russia, with an investment of EUR 1 million, creating 70 jobs. The project is planned for 2022-2023.
Global investment firm The Carlyle Group agreed to acquire the Acrotec Group, an independent supplier of high precision industrial applications to the watchmaking and MedTech industries, from private equity firm Castik Capital. Financial terms were not disclosed.
MFCP, a Parker Hannifin distributor, acquired Controlled Motion Solutions (COMOSO), Parker's largest tri-technology distributor in the Southwest, with ten locations in California, Arizona and Nevada. The deal was announced on December 7, 2020.
SPX FLOW entered a combination agreement to launch a recommended public tender offer for all shares of Finland's Uutechnic Group Oyj (UTG Mixing Group) at EUR 0.60 per share in cash. Closing is expected in Q1 2021.
OPT Automation held a groundbreaking ceremony for its OPT Automation Products (East China) Production Base in Leyu Town, Zhangjiagang. The project covers 20,000 square meters with a total investment of USD 20 million, expected to produce 50 million parts per year.
Hitachi Construction Machinery Australia officially opened a new state-of-the-art facility in Wacol, Brisbane, housing the Brisbane branch and a parts distribution warehouse, after a $37.5 million investment.
XCMG delivered 10 units of XCA1600 all-terrain cranes and signed multiple purchase orders totaling CNY 2 billion (US$ 306 million) on the opening day of bauma China 2020 in Shanghai.
Roberts Mart & Co Ltd, a British flexible packaging company, has acquired a Comexi S1 DT slitter, its sixth Comexi slitter and second of this model, to improve quality and productivity.
Kennametal India's board approved the merger of its wholly-owned subsidiary WIDIA India Tooling into itself, effective April 1, 2021, to streamline operations and enhance customer solutions.
ASV Holdings Inc., a manufacturer of compact track loaders and skid steers, will increase production capacity by approximately 30% in Q1 2021 at its Grand Rapids, Minnesota facility, creating 28 new jobs.
An industrial park will be built on the site of Shadrinsk Auto Aggregate Plant (SHAZ) in Shadrinsk, Russia, with construction starting in Q2 2021 and full capacity by 2024, costing about 300 million rubles.
ANDRITZ signed an agreement to acquire LM Industries, comprising Laroche SA and Miltec SA in France. Laroche is a supplier of fiber processing technologies including opening, blending, airlay web forming, and textile recycling. Closing is expected in early 2021.
PALFINGER and SANY Heavy Industries are negotiating the reversal of their cross-holding, involving the sale of PALFINGER's 7.5% stake in Sany Automobile Hoisting Machinery to a SANY Group company in exchange for Sany Germany GmbH's approximately 7.5% stake in PALFINGER.
The Finnish Financial Supervisory Authority has approved the merger prospectus for the combination of Cargotec Corporation and Konecranes Plc through a statutory absorption merger, where Konecranes will be merged into Cargotec. Shareholders of Konecranes will receive Cargotec shares as consideration. The merger is subject to shareholder approval at extraordinary general meetings on 18 December 2020.
Cleveland private equity firm CapitalWorks completed a majority investment in Electromechanical Research Laboratories (ERL) of New Albany, Indiana, and its subsidiary Law Valve of Texas. ERL makes pumping, gauging and venting equipment for tank barges.
Quincy Compressor acquired Scales Industrial Technologies, based in Carle Place, New York, which operates five locations in NY, NJ, PA, CT and MA. The deal was announced on April 14, 2016.
Metallveredlung Döbeln GmbH, part of KAP Surface Technologies, is investing in a new zinc-nickel barrel plating line at its Döbeln site in Germany. The line is scheduled to start production in Q2 2021.
Timken is expanding its Xiangtan, China plant as part of a $75 million investment in wind and solar energy markets announced in December 2020. The expansion will increase capacity for ultra-large-bore bearings for wind turbines.
Gleason Pfauter will deliver gear cutting machines, gear grinding machines and a gear measuring machine to David Brown Santasalo Finland's new factory in Jyväskylä, Finland, as part of a total investment of over EUR 22 million. Deliveries will take place during 2021 and 2022.
SMC decided late last year to set up a holding company to centrally manage its China operations and funds for capital spending.
Makino Group has started construction of its first global automotive parts precision machining machine tool base in Caidian Economic Development Zone, Wuhan, China. The project involves a total investment of 1 billion yuan (approx. $154 million) and is expected to produce 600 machine tools annually. Phase 1 is scheduled for completion in April 2022.
Bombardier and Alstom announced that all necessary regulatory approvals have been received for the sale of Bombardier Transportation to Alstom. The transaction is expected to close on January 29, 2021.
Pankl AG Gruppe from Kapfenberg is acquiring Krenhof AG, a steel forging company in Köflach, Austria. The closing is expected in early 2021, and the forging units will be merged into one unit with about 350 employees.
Fenner Precision Polymers, a Michelin Group company, acquired MAV S.p.A., an Italian supplier of keyless-locking devices, shrink discs, and rigid couplings. The acquisition was announced on December 1, 2020.
Wipro Enterprises signed definitive agreements to acquire a controlling stake in Precision Automation and Robotics India (PARI), India's largest industrial automation solutions provider. The deal value is INR 6,000 million (approx. USD 81 million).
Techtronic Industries (TTI) will invest $100 million to expand its operations in Anderson County, South Carolina, including a new 1 million-square-foot manufacturing plant and warehouse, creating 525 jobs.
Plasser American Corporation will invest $52.6 million to expand in Chesapeake, Virginia, adding a 45,000 sq. ft. office building and an 82,000 sq. ft. manufacturing facility, creating 98 new jobs.
Danish company Rose Holm will invest $1.35 million to establish its first U.S. manufacturing facility in Henrico County, Virginia, creating 10 new jobs.
Sandvik has completed the acquisition of the entire business of Indian company Miranda Tools, which manufactures High Speed Steel and solid carbide round tools. The business will be part of Sandvik Machining Solutions' division Dormer Pramet.
Enprom Solutions installed its eRS60 sleeve seaming machine with Smart Wheel technology at Portuguese flexible packaging company Multisac's production site in Vozuela.
The Timken Company acquired the assets of Aurora Bearing Company, a manufacturer of rod ends and spherical plain bearings. Aurora's sales are expected to be around $30 million in 2020.
Ingersoll Rand has agreed to acquire the assets of Tuthill Vacuum and Blower Systems from Tuthill Corp in an all-cash transaction valued at US$184 million.
KEMP Co. started a major expansion project at the end of November 2020 to convert its factory to an AI smart factory, aiming to increase production of eco-friendly ceramic zinc plating (INNOZINC) for offshore wind power structures.
Spin, a Brazilian manufacturer of solar panel mounting structures, plans to triple production capacity at its Sorocaba factory from 250 MW to 750 MW per year by 2022. The company invested over R$600 in the new unit, which moved from Barueri to Sorocaba.
Körber AG sold LTI Motion GmbH and Heinz Fiege GmbH to KEBA AG. The acquisition includes subsidiaries in Switzerland, Italy, China, and Taiwan. The purchase price was not disclosed, and the transaction is expected to close by end of December 2018.
Spinto Hungária Kft., a tool and die supplier in Miskolc, Hungary, has installed eight DMG MORI machine tools since its 2014 founding, including a DMU 600 Gantry linear for large components, to serve automotive customers.
thyssenkrupp Industries India won a EUR22m contract from Shiva Cement (JSW Cement Ltd) for a 4000tpd kiln line in Odisha, India.
Oy Linde Gas Ab completed a factory automation update at its Kilpilahti air gas factory in Porvoo, Finland, in cooperation with ABB, replacing 1,912 I/O points to extend the system's life by at least 15 years. The project was completed within a 10-day window.
Haitian International's indirect wholly-owned subsidiary Haitian Plastic Machinery signed an agreement with Haitian Precision to purchase automatic processing lines, CNC lathes, machining centers and related equipment for a total consideration of approximately CNY 177 million, to be used for manufacturing injection molding machine components.
Zoomlion released its new W2 series tower cranes at the inauguration ceremony, featuring enhanced safety, performance, and intelligence.