SMS group acquired Italian companies OMAV S.p.A. (aluminum extrusion lines) and Hydromec S.R.L. (press manufacturer) to extend its product portfolio in extrusion and forging technology. OMAV became a wholly owned subsidiary at the end of September 2020; Hydromec was acquired immediately after.
NewAge Industries, parent of AdvantaPure, purchased the remaining unit of a building near its headquarters, now owning the entire 90,000 sq. ft. property. The facility will increase manufacturing capacity for high-purity tubing and molded assemblies, with Phase 1 renovations underway.
China Glass's wholly-owned subsidiary Olivotto signed a supply contract to supply machinery for the construction of four Danner glass tube production lines for Kaishun Junheng and to upgrade two existing Danner lines for China Triumph Bengbu Design Institute.
China Glass's indirect wholly-owned subsidiary Jiangsu Suhuada entered into a contract with China Building Materials International Engineering Group for the supply and installation of machinery for a new solar glass production line, with a total contract price of approximately CNY 50 million.
Germany-based Behringer GmbH has taken over 100% of French machine tool builder Vernet-Behringer (VB), integrating it fully into the Behringer Group. Behringer had been VB's key shareholder and strategic partner since 1996.
Senior plc's Flexonics Division in Germany has been awarded a contract by Daimler Truck AG to manufacture and supply Exhaust Gas Recirculation Bellows and Exhaust Manifolds for their Heavy-Duty Engine Platform. Ramp up to full production is expected by 2022.
Futura announced the acquisition of 100 percent of the shares in Plusline, following a technical partnership started in September 2019. The two companies will maintain distinct identities but unite operations.
Starrag Group will supply a Droop+Rein five-axis G 110TT HR100 C vertical gantry milling machine to Naval Group in Osborne, South Australia, for machining hull elements of Attack class submarines. The machine is the largest ever supplied to Australia.
Millog Oy has signed an agreement to acquire the entire share capital of Oy Western Shipyard Ltd, a ship repair and docking company in Finland. Ownership transferred on 1 October 2020, and Western Shipyard will operate as an independent subsidiary.
TechnipFMC has won a large subsea contract from ExxonMobil subsidiary Esso Exploration and Production Guyana Limited for the proposed Payara project offshore Guyana. The contract includes 41 enhanced vertical deep water trees, six flexible risers, and ten manifolds, valued between $500 million and $1 billion.
SEW-Eurodrive started construction on a new R200 million head office and factory in Aeroton, Johannesburg, with completion scheduled for October 2021 and move-in by January 2022.
Cargotec and Konecranes have signed a combination agreement and merger plan under which Konecranes will be merged into Cargotec. The combined company would have illustrative annual sales of about EUR 7.0 billion.
P-D Glasseiden awarded a contract to Ipco for a new double belt press system for glass fiber mat production at its Oschatz plant, adding 3,500 tons/year of capacity. The order was confirmed at the end of September 2020, with commissioning beginning at the end of January 2021.
Dürr and Techno Smart have reached an agreement to provide technologies for coating lithium-ion battery electrodes. Dürr will integrate Techno Smart's coating systems into its portfolio for battery manufacturing.
Starrag Group has been awarded a contract to supply a Droop+Rein gantry milling machine to Naval Group in Osborne, South Australia, for machining hull elements and components for the Royal Australian Navy's Attack class submarines. The machine will be the largest ever put into operation in Australia.
DMG Mori has opened a new 4,000 m² Excellence Factory at Deckel Maho Pfronten GmbH in southern Germany for the production of MonoBlock five-axis machining centres. The flow-line assembly uses an AGV transport system, increasing capacity from 600 to 1,000 machines per year.
ORG Technology signed a RMB300 million (US$44m) deal with Suzhou SLAC Precision Equipment to supply and upgrade six beverage can lines at four plants in China over three years.
Consolidated Machine & Tool Holdings, a portfolio company of White Wolf Capital, acquired Delva Tool & Machine Corp, a contract machining and fabrication company serving aerospace and defense customers. Terms were not disclosed.
Air Products won a contract from Qatargas to provide its liquefaction technology and equipment for Qatar's North Field East LNG expansion project.
GEA will discontinue production at its Bodenheim site near Mainz, Germany, by the end of 2024 as part of a consolidation of its global production network.
GEA will invest around EUR 30 million to expand its Koszalin, Poland plant into a center of competence for pump production and comprehensive machining, as part of optimising its production network.
PROBAT, world market leader for coffee roasting plants, is expanding production area at its headquarters in Emmerich, Germany, with a total investment of EUR 40 million. The project, named PROBAT GO, is to be completed by the end of 2022.
ANDRITZ signed a contract with Allegro, a subsidiary of EVRAZ and RailService, to supply a complete production line for train wheels in the Titan Valley special economic zone, Russia. The investment is around 16 billion rubles (approx. EUR 180 million), with production scheduled to start in Q4 2022, creating 425 jobs.
Baker Hughes has landed a major LNG turbomachinery order from Qatar Petroleum for the North Field East project, to supply multiple main refrigerant compressors under an agreement announced on 29 September 2020.
Baker Hughes secured a major order from Qatar Petroleum to supply multiple main refrigerant compressors for the North Field East LNG expansion at Ras Laffan, comprising 12 gas turbines driving 24 centrifugal compressors across four trains. The value was not disclosed.
KGHM ZANAM S.A. is launching production of actuators for self-propelled mining machines at its Legnica plant, with underground tests scheduled for October 2020 and capacity for over 60% of actuators used in its mining machines.
Aker Solutions signed a contract with Equinor worth about NOK 2.5 billion (approximately US$264 million) to supply four subsea templates and up to 23 subsea Christmas trees for the Breidablikk field in the North Sea, with Brazil manufacturing at its São José dos Pinhais plant.
Pemamek received an order from Gülermak, a Turkish construction and steel company, for a PEMA Assembly Line including a TW7200-120 Assembly station with integrated welding equipment. The order was announced on September 28, 2020.
Ingersoll-Rand (India) announced the launch of a new small air-cooled reciprocating compressor (3HP-25HP) and a new rotary screw compressor (7.5-11kW) in India as part of its 2020-2021 product portfolio. The announcement was made on September 28, 2020.
Bär Cargolift has begun building a factory at the Šiauliai Free Economic Zone for automotive tail-lifts, with construction scheduled for completion in Q1 2021 and over 80 new jobs expected.
Atlas Copco agreed to acquire Perceptron, a US supplier of automated metrology solutions, for $7.00 per share, representing an enterprise value of $62.7 million and total purchase price of $68.9 million.
Boreton Technology invested 330 million yuan to build a new energy electric equipment project in Shanting District, Zaozhuang. Phase 1 completed with 50 million yuan investment, producing 15 electric loaders by July 2020, achieving China's first mass production of pure electric loaders. Phase 2 will produce 1,500 electric loaders, trucks and mining trucks annually.
Longda Heavy CNC Machine Tool Co., Ltd. is investing 120 million yuan in a project to produce 500 large CNC machine tools annually in Shanting District, Zaozhuang. The project started in May 2020 with an 8-month construction period and includes three intelligent production lines and an IoT platform.
HK Präzisionsteile GmbH is acquiring the turning production area of Telegärtner Gerätebau GmbH, effective October 1, 2020. The business will continue at the Klingenberg site under HK Präzisionsteile GmbH.
Ilboc has resumed the second phase of expansion at its lubricant plant in Cartagena, Spain, with a total investment of approximately €60 million. The expansion includes four storage tanks and a fifth tank, aiming to increase production capacity to 1.2 million tonnes.
R+D Custom Automation announced the relocation of its plant operations from Lake Villa, Illinois to a new 62,000-square-foot facility in Salem Business Park, Wisconsin. The $6 million project is scheduled for Q2 2021 and will create nearly 60 jobs.
Slac signed a strategic cooperation framework agreement with Orient Group to supply and retrofit two-piece can production equipment over the next three years, worth about RMB 300 million in total. The agreement was announced on 25 September 2020.
Sunward Equipment Group signed an agreement with the Dongsheng District government and partners to invest 600 million yuan in a heavy mining equipment manufacturing, modern precision casting, and green mine construction project in Ordos, Inner Mongolia. The project will produce 1,000 mining trucks and 200 intelligent mining excavators annually.
Air Liquide acquired 80% of the capital of French company Cryoconcept, which specializes in dilution refrigeration technology for extreme cryogenics. The deal strengthens Air Liquide's expertise in low-temperature applications.
Modig Machine Tool has signed a partnership agreement with ASAŞ Alüminyum Sanayi ve Ticaret A.Ş. for ASAŞ to use Modig's HHV-line and the next-generation XM-Line extrusion machines to produce components for the electric vehicle industry.
SKF will consolidate its factories in Avon, Ohio and North Charleston, South Carolina into its Sumter, South Carolina factory, reducing staff by about 115 with restructuring costs of $4 million. The changes take about 12 to 18 months.
SKF is investing approximately $23 million to move tapered roller bearing manufacturing from China to an existing manufacturing site in Mexico. The move is part of its North American manufacturing consolidation announced September 24, 2020.
SKF is investing approximately $28 million to expand and automate manufacturing at its Sumter, South Carolina factory, which will consolidate production from Avon, Ohio and North Charleston, South Carolina. The investments take 12 to 18 months to implement.
Allegro, a joint venture of EVRAZ and Rail Service, signed a contract with ANDRITZ for an integrated railway wheel production line in the Titanium Valley special economic zone in Sverdlovsk region. The overall project investment is estimated at 16 billion rubles (about $200 million), with first equipment deliveries planned for Q1 2022.
GDM has acquired the ROMEA brand, a historical activity in the earthmoving equipment market previously operated by Romea Equipment in Ravenna, Italy. GDM will continue to offer the same range of products and services to ROMEA customers.
Investor Cristian Rus has secured a land concession from the Bălan local council to build a factory for assembling small and medium excavators up to 20 tons. Construction is expected to start in early 2021 and be completed in about two years.
Maxrotek (KOSDAQ: 141070) announced a single sale and supply contract with Yida Nippei Machine Tool Corp for industrial robot automation systems valued at KRW 4.33 billion. The contract was signed on September 23, 2020, and the supply region is China.
BHS Corrugated has taken over all shares of Universal Corrugated B.V. from Minda Industrieanlagen, effective September 2020. Uwe Leopold was appointed Managing Director of the Almelo, Netherlands plant, which employs almost 40 people.
The European Commission opened an in-depth investigation into the proposed acquisition of Eaton's hydraulics business by Danfoss, citing concerns about reduced competition in hydraulic components for mobile machinery.
SKF is investing approximately SEK 550 million to strengthen its manufacturing footprint in North America: SEK 350 million in expanding and automating the Sumter, South Carolina factory, and SEK 200 million to localize Tapered Roller Bearing production from China to an existing site in Mexico. The consolidation will close factories in Avon, Ohio and North Charleston, South Carolina, reducing staff by about 120.