Advanced Machining & Tooling, a Compass Precision operating company, installed a new DMG Mori NLX 2500/700 SY turning center at its Salisbury, North Carolina facility, doubling its mill/turn capacity.
ABB and Integrated Power Services (IPS) entered into a partnership to provide drives and motors solutions to customers in Western Ontario, Manitoba and Saskatchewan. IPS is now trained on selling, engineering and servicing ABB Motors, Drives, Switchgear and related products.
PT Barata Indonesia obtained approval from East Java Customs to establish a bonded logistics center (PLB) on its 10,128 sq.m. land at its headquarters in Gresik, East Java, to support export products and improve cash flow.
OOO Yuzhny Zavod Tyazhelogo Stankostroeniya (YuZTS) won a state contract worth 93.65 million rubles to supply a heavy CNC machining center to AO Kontsern Okeanpribor. The machining center is an innovative development for processing large parts.
The European Commission opened an in-depth investigation into Eaton's planned $3.3 billion sale of its hydraulics business to Danfoss over concerns about competition in hydraulic components for mobile machinery.
Scitek announced an exclusive partnership with EnWave to distribute EnWave's Radiant Energy Vacuum (REV) microwave vacuum drying technology in Australia.
FCS Group held a groundbreaking ceremony on September 19, 2020, for a new injection molding machine factory in Hangzhou Bay New District, China. The plant represents a total investment of USD 40 million and covers an area of 66,690 m2.
Jiangsu Yuanlong Electric Co., Ltd. invested 1 billion yuan to build the Yuanlong Zhileng Industrial Park in Yancheng, Jiangsu, China. The first production line for frost-free refrigerators will start in October 2020.
IPL Group ordered a new Mazak 12800 machining center for nearly DKK 10 million. Delivery is in December 2020, with operation starting in early 2021.
Top Glove Corp Bhd announced RM8 billion in capital expenditure over six years to add 100 billion pieces per annum to production capacity, from 85.5 billion currently. For FY2021, it plans RM1.9 billion capex for new factory, machinery, and land.
Stora Enso placed an order for Procemex OnePlatform Web Monitoring & Web Inspection Systems for its Oulu BM7-line in Finland, as part of a €350 million investment to convert the paper mill into packaging production.
OOO Yuzhny Zavod Tyazhelogo Stankostroyeniya (YuZTS) won a state contract worth 93,650,000 rubles to supply a heavy machining center to AO Kontsern Okeanpribor. The machining center is an innovative CNC machine for complex parts.
Alstom signed a sale and purchase agreement with Bombardier Inc and CDPQ to acquire Bombardier Transportation, with net proceeds now expected up to €5.3 billion. Closing is expected in Q1 2021.
OMCO will acquire the glass moulding business of Ross International, including production plants in Hungary and South Africa. The contracts have been signed and closing is targeted for September 30, 2020.
Phoenix Specialty Mfg. Co. announced plans to expand operations in Bamberg County, South Carolina, with a $5.5 million investment expected to create 35 jobs over three years.
A new production hub for 6 million refrigerator compressors per year by 2024 is being established at the former Embraco plants in Riva di Chieri and Acc di Belluno, Italy, with a total investment of €50 million from public and private sources.
DMG MORI has opened a new 4,000 m² monoBLOCK Excellence Factory at DECKEL MAHO Pfronten for flow assembly of 5-axis machining centers, increasing productivity by 30%.
ABB has been awarded a contract by Assam Gas Company (AGCL) to digitize its gas distribution network in Assam, India. The project covers 399 tea estates and six large industrial customers in two phases.
Conch Cement (00914) signed two contracts with Conch Design Institute on September 14, 2020: one for SCR denitrification technology for 33 clinker production lines at subsidiaries (CNY 404 million), and another for two lines at Tongling Conch (CNY 49.6 million), totaling CNY 453 million.
Ziehl-Abegg is investing €16 million to expand its production buildings in Kupferzell, Germany, adding 8,400 square meters of production area for energy-efficient electric motors and composite materials. The groundbreaking ceremony was held in September 2020.
Rosenbauer launched a new robot-supported production plant for turntable ladder sets in Karlsruhe, Germany, with an investment of EUR 4.2 million, on September 14, 2020.
Ferguson Marine (Port Glasgow) Ltd awarded a framework agreement for the manufacture and supply of pipe spools, with a maximum duration of 48 months, to an unnamed supplier.
A newly commissioned Shenyang plant of Burckhardt Compression's Chinese unit, with 86,000 m2 of production area on 153,000 m2 of land, replaces two older city-centre sites. Operations are set to begin at the end of September 2020.
Burckhardt Compression signed a memorandum of understanding to buy the remaining 40% of Chinese compressor maker Shenyang Yuanda Compressor, which it has partly owned since 2016. It plans to exercise the call option in November 2020 and finance the deal with a Swiss bond.
Valmet Oyj has entered into an agreement to acquire PMP Group in Poland for an enterprise value of approximately EUR 64 million plus a conditional earn-out. PMP supplies process technologies and services for tissue, board and paper machines.
STAN PLC signed government contracts to supply 28 machining centres to Tatarstan defence enterprises for 1 billion rubles in 2020, with a total portfolio of 6 billion rubles over three years.
Lanzhou Wanli Aviation Electromechanical Co., Ltd. awarded a contract to Shenji Group Kunming Machine Tool Co., Ltd. for one digital display horizontal milling and boring machine, valued at CNY 443,400. The contract was finalized on September 10, 2020.
Kotte Landtechnik and Frans Vervaet have agreed on a strategic cooperation for self-propelled slurry tankers. Kotte will exclusively handle sales in Germany and some Eastern European countries.
PJSC Drohobych Truck Crane Plant in Drohobych, Ukraine, resumed operations after a halt, producing military cranes and excavators meeting NATO standards. The plant had been bankrupt and required UAH 150 million in investment to restart.
Air Products will provide four Main Cryogenic Heat Exchangers for Sonatrach's GL1Z LNG facility in Arzew, Algeria, replacing units installed in the late 1970s. Each exchanger has 1.3 million tonnes per year of production capacity.
Russian investment fund Trust Union Fund acquired South Bohemian machine tool manufacturer Kovosvit MAS from Industry Innovation. The new owner also brought a €15 million contract for the supply of 60 machining centres over the next two years.
Hæhre & Isachsen Maskinutleie AS has ordered 55 Cat construction machines from Pon Equipment, including 25 Cat 352 NextGen excavators, 18 dozers, and 4 Cat 988K XE wheel loaders. The machines are being delivered from January 2020 through 2020/2021.
INTERTEC, an industrial enclosures specialist, has acquired Thermotex Engineering, a UK manufacturer of soft insulation jackets for industrial processing equipment. Thermotex will merge with INTERTEC's UK subsidiary to form INTERTEC Thermotex Ltd.
OOO KAMAZ Veichay, a joint venture of KAMAZ and Weichai Power, has launched serial production of diesel and gas engines for ships, locomotives, and generators at the Tutayev advanced development territory in Yaroslavl Oblast, Russia. Over 100 million rubles have been invested, with total planned investment of about 770 million rubles.
Yinson contracted TMC Compressors to deliver a marine compressed air system with four large air compressors, dryers and filters for the FPSO Anna Nery, which will operate in Brazil's Campos Basin; value not disclosed.
Shanghai Zhenhua Heavy Industries (ZPMC) has placed a substantial order with TMC Compressors for a pipelay vessel. The article gives no date for the order.
Shanghai Waigaoqiao Shipbuilding has awarded TMC Compressors a contract to supply compressors for the Liza Unity FPSO. The article gives no date for the contract.
TMC Compressors has been awarded a contract by Hyundai Heavy Industries to deliver air compressors for seven LNG newbuild ships. The article gives no date for the contract.
Global FPSO provider Yinson has contracted TMC Compressors to deliver compressors for its FPSO. The article gives no date for the contract.
TMC Compressors has won a contract from Fincantieri for compressors for MSC ultra-luxury cruise ships. The article gives no date for the contract.
Daewoo Shipbuilding and Marine Engineering has contracted TMC Compressors for compressors for a BW LNG pair. The article gives no date for the contract.
TMC Compressors has been chosen to supply the marine compressed air system for several LNG carriers ordered by Maran Gas Maritime. The article gives no date for the contract.
Hydraulic component maker STAUFF has put into operation the second of several planned CNC turning centers at its Werdohl Ehrenfeld site to produce STAUFF Connect steel pipe fittings. The investment was in the mid six-figure euro range.
I A Bell and Company signed a formal binding agreement to acquire an additional 31.4% minority stake in Bell Equipment Limited from John Deere Construction & Forestry Company for approximately ZAR 300 million.
German machinery maker Krones won the order for four complete PET bottling lines and the related IT landscape for innocent's new Port of Rotterdam plant, each line handling up to 32,000 containers an hour.
Tsilinderrus signed an agreement to build a plant for portal and horizontal milling machining centers in the Kaluga special economic zone. Investments are 1.5 billion rubles, creating about 100 jobs.
Vitex Extrusion leased a 50,000-square-foot facility adjacent to its existing plant in Franklin, New Hampshire, for machining, fabrication and assembly of aluminum extrusions. The new building is expected to be fully operational in September 2020.
Star Micronics GB reports that the first UK machine of its new SX-38 Type A model has been pre-ordered by Vixen CNC Limited, a specialist supplier of mill-turn components in Wales.
Beijer Ref is constructing a new 22,000 sqm Support Centre at Altitude Industrial Estate, Bankstown, New South Wales, which will serve as the Australian headquarters, including a national distribution centre, office space, training academy, refrigerant decanting plant and refrigeration equipment manufacturing facility.
DYPNF signed a supply contract worth 11.99 billion KRW for a Cokes Handling System Package with Egyptian state-owned Suez Oil Processing Company, announced on 4 September 2020.