Exel Composites is building a new manufacturing facility in Kapfenberg, Austria, with an estimated cost of EUR 7 million. The project is co-financed by the European Regional Development Fund and is expected to be completed in the second half of 2020.
Al Faris Group placed an order with Liebherr for 69 mobile and crawler cranes worth around €80 million, including models with lifting capacities from 50 to 800 tonnes.
Hollysys Automation won a contract to supply monitoring systems (SCADA, DCS, SIS, GDS, OTS and dispatch center telephone system) for six LNG emergency reserve centers in Henan Province, China, built by Henan Natural Gas Storage and Transportation Co., Ltd.
Mey Industry GmbH, a holding company of Gerhard Mey, is acquiring Hefter Maschinenbau GmbH & Co. KG in Prien and its Hungarian subsidiary Hefter Hungary Kft. The deal secures 230 jobs.
Grenzebach Group acquired CNUD EFCO GFT, the business unit float and container glass of the BMT Group. CNUD EFCO GFT provides solutions for annealing lehrs, tin bath and accessories for the glass industry.
Valmet will supply key board making technologies to Sri Andal Paper Mills for a new containerboard making line in Tamil Nadu, India. The order value is typically around EUR 12-15 million, and the machine start-up is scheduled for the first half of 2021.
New-Indy Containerboard selected ABB to provide integrated electrical and automation systems for the rebuild of its Number 3 paper machine at the Catawba mill in South Carolina, USA.
Barlotti Srl, a 30-year-old industrial distributor in Sala Bolognese near Bologna, joined the Rubix Group through its Minetti Spa brand in March 2020. The announcement is dated March 24, 2020.
Melling Tool Company acquired Performance Springs Limited, effective March 23, 2020. The new company, Melling Performance Springs Limited, will operate from the existing site in Lytham St. Annes, UK.
Douglas Machine received tax increment financing approval from the Alexandria City Council for a $4.3 million expansion of its facility at 3404 Iowa Street. The project will add 45,917 square feet and is expected to create at least 15 full-time jobs.
Nanjing Tengya Precision Tool Technology Co., Ltd. invested 2 billion yuan to build a precision tool R&D and manufacturing base in the Bo'wang District of Ma'anshan, Anhui Province. The project will cover 100 mu, with 100,000 square meters of R&D and production space, and is expected to start construction by the end of June 2020.
Babcock Pty, the Australian arm of Babcock International Group, secured a five-year contract to deliver fleet management services to MSP Group for heavy mobile equipment and concrete agitators.
Brolton Group, headquartered in Sydney, entered into a joint venture with Whitwick Engineering Coalville (WEC) to combine strengths in project management and quarry process plant execution.
Volvo Construction Equipment will acquire Terex Equipment Ltd, including its manufacturing facility in Motherwell, Scotland, and its rigid and articulated hauler product ranges. The sale is subject to UK government approvals and expected to close in H1 2014.
DRS, a pipe manufacturer, is expanding its production by adding six new extrusion lines with 900-1,000 kg/hour each, a new injection moulding machine, and a re-granulation system. Reisner supplied a refrigeration system for the expansion.
Christ & Heiri AG has moved into a new production building in Selzach, Switzerland, with 15 lathes to produce turning blanks for gear manufacturing, bringing the complete process in-house.
Metso and LiuGong formed a 50-50 joint venture to develop track-mounted crushing and screening equipment in China, initially producing localized versions of Metso's Lokotrack 1000 series.
Hitachi Construction Machinery Australia (HCA) opened a new $80 million headquarters facility in Brisbane, featuring a mining and construction assembly workshop and remanufacturing capabilities.
Dematek signed a contract to supply and install two 150-ton process cranes and four service cranes for SCA's expansion of the Obbola pulp and paper mill in Umeå, Sweden. The expansion includes a new kraftliner paper machine, increasing annual production from 450,000 to 725,000 tons, with a total investment of SEK 7.5 billion.
Elgi Equipments' wholly-owned subsidiary Elgi Compressors USA Inc formed a joint venture company with Bryan Becker, managing partner of the LLC, on 19 March 2020, disclosed to exchanges on 11 May 2020.
R&D Dynamics Corporation of Bloomfield, Connecticut was awarded a production contract to supply oil-free, foil-bearing compressors for a major fuel cell manufacturer, to be made at its Connecticut facility.
Atlas Copco has acquired Dekker Vacuum Technologies, a Michigan City, Indiana maker of highly engineered vacuum pumps and systems. Prairie Capital Advisors was exclusive financial advisor to Dekker. Terms were not disclosed.
Wienerberger procured Atlas Copco compressors, vacuum pumps and controls for its Windmill Lane brick factory in the UK, an upgrade estimated to save around £38,000 per year in energy costs.
Hexagon AB announced the acquisition of CAEfatigue Limited, a UK-based provider of mechanical fatigue simulation solutions used to improve product design, quality, and reliability. CAEfatigue will operate as part of Hexagon's Manufacturing Intelligence division.
Hoban TBM, a construction affiliate of Hoban Group, won a contract worth 34.3 billion won for the Gripper TBM construction work on Section 2 of the Dobongsan-Okjeong metropolitan railway in South Korea. The contract covers 3.2 km of tunnel boring and the construction period is about 54 months.
Chongqing Meike Mold is adding 6000 m² to its new factory in Qianyan Technology Town, Yubei District, Chongqing, for a specialized injection mould workshop. The new factory has a total area of 15,000 m² and expected annual capacity of over 100 million.
UMC received city approval and a $300,000 grant from the Minnesota Investment Fund for a 52,000 sq ft expansion adjacent to its existing facility in Monticello, Minnesota. Construction is targeted to start April 25, 2020, and the expansion is expected to create 60 new jobs.
Novatek selected ZiO-Podolsk, part of Atomenergomash, as supplier of cryogenic heat exchangers for its Obsky LNG plant. The plant has a planned capacity of 4.8 million tonnes per year of LNG.
Construction has started at Kazankompressormash in Tatarstan on a new production site for large compressors. The new workshop will produce units with drive capacity above 25 MW.
FIRM Construction won a contract to construct a $46 million railcar manufacturing facility in Bellevue, Western Australia, for the METRONET project. The facility will include a 180-metre-long building with assembly area, offices, workshops, and cranes.
CHIRON opened its Precision Factory in Neuhausen ob Eck, Germany, the largest single investment in the company's history at EUR 34.5 million. The factory can produce up to 400 machining centers per year and was completed in 15 months from groundbreaking.
The Nidec Press & Automation service center in Queretaro, Mexico is expanding with a new facility to add warehouse space and larger on-site press remanufacturing capability. No value or timing was given.
Nidec Arisa recently moved into a new $30 million production facility in Navarrete, Spain, which will boost press production and remanufacturing. The facility is part of Nidec Press & Automation's global investment.
Nidec Press & Automation is building a 25,000 sq ft addition to its service, repair parts, machining and remanufacturing facility at its headquarters in Minster, Ohio. The expansion is part of a global push in remanufacturing capacity.
Precision Cutting Technologies, Inc. acquired Supermill LLC, a Connecticut-based manufacturer of high-performance carbide end mills. Supermill founder Tom Hale will continue to lead the company.
Trioliet Polska purchased Ursus's factory in Opalenica, Poland, for 6 million złoty, including production lines and equipment, and retained about 85 employees. The acquisition was effective March 1, 2020, and Trioliet plans to invest in expansion and build a new production hall in 2021.
Beijing Sanlian Hope (三联虹普) announced it won a 65 million yuan bid to supply polycarbonate flake drying systems for the first phase of Henan Pingmei Shenma's 100,000-ton/year PC project.
Global Welding Supplies (GWS) won a contract to supply welding machines and consumables to Rheinmetall Defence Australia's Military Vehicle Centre of Excellence (MILVEHCOE) in Ipswich, Queensland. GWS delivered 26 Lorch welding machines to the facility.
Voith Group plans to acquire majority ownership of Austrian electric motor and generator manufacturer ELIN Motoren GmbH. The transaction is expected to close in Q2 2020, pending regulatory approvals; the purchase price was not disclosed.
ACCEDIA Group, a holding company, has acquired ASI Drives, a US manufacturer of transaxles and wheel drives for electric machines. ASI Drives will join forces with ACCEDIA's existing company Tornado Drives.
KEB Automation Group signed a long-term product and technology supply agreement with ASEM S.p.A., an Italian provider of digital automation technologies. The agreement codifies their historic partnership and is part of KEB's strategy to strengthen its control technology division.
Mini Gears, a UK precision gear manufacturer, plans to invest £1.3 million over 18 months in new machinery, IT infrastructure and training, including a GP300ES Gleason Pfauter gear shaping machine and a Keyence Image Dimension Measurement System.
TE Connectivity completed its public takeover of First Sensor AG, now holding 71.87% of shares. First Sensor is a sensor technology company with expertise in photonics, pressure and advanced electronics.
Siemens and Kazankompressormash won a tender for gas turbines and compressor equipment for Novatek's Obsky LNG, with Siemens supplying seven SGT-700 turbines. The total equipment contract is worth about EUR 130 million, and Novatek will also pay for 20-25 years of service.
Kazankompressormash, together with Siemens (GMS group), signed a contract with Obsky LNG in Yamal to design and manufacture six main gas compressor units worth about EUR 130 million. Delivery of the units is planned for 2021.
HMS Group signed a contract with NOVATEK to engineer and manufacture six gas compression units for the Obsky LPG processing plant, with delivery planned for 2021.
The Qingdao West Coast New Area signed 11 key projects totaling ¥17.2 billion on March 11, 2020, including a ¥1 billion commercial air conditioning project by Hitachi and Hisense, a ¥600 million intelligent storage equipment project, a $23 million smart medical device project, and a ¥5 billion Zhongke industrial park.
K-Tec Holdings LLC acquired Ashland Industries Holdings Inc., combining two manufacturers of earthmoving scrapers. The merger closed on February 28, 2020.
MAN Energy Solutions has won an order to supply five MAN 51/60DF dual-fuel main engines for Tallink Grupp's new shuttle ferry MyStar, to be built by Rauma Marine Constructions. Delivery is scheduled for early 2022.
Italian Sacmi Imola has purchased 70% of Velomat, a designer and manufacturer of high-speed assembly machines for caps, micro-pumps and medical devices, with a 100% buyout option.