A group of investors led by OGCI Climate Investments invested $5.5 million in valve maker Clarke Valve through a Series B Preferred Stock sale. The round brings Clarke's Series B total to $15.5 million.
Through an IDC-funded initiative, valve makers Ainsworth Engineering and United Valve Company will be upgraded to Level 1 B-BBEE status under new ownership, with new machines to be bought over 12 months.
Pump and valve maker KSB plans to concentrate its industrial activities at its existing Jundiaí unit in Brazil, with the plan expected to be realised by 2021. Investment details have not been disclosed.
Austrian company Hawle committed to further localising production in Chaplygin, Lipetsk Oblast, and to launching new products for the Russian market. About 200 million rubles is planned for production, sales and operations in 2019.
Leser spent a total of €22 million on its Leser-Kontor facility in Hamburg, Germany. The investment was made in the year before the article.
NIBCO, the Elkhart, Indiana valve and fittings maker, is in the midst of a $100 million capital investment in its facilities over four years. Four facilities, including Blytheville, Arkansas, are undergoing expansions totaling 350,000 square feet.
Hengli Hydraulic announced plans to invest 500 million yuan of its own funds in phase two of its casting project in Wujin, Changzhou, to add 30,000 tons per year of hydraulic castings capacity, with a one-year build period.
Hengli Hydraulic announced plans to invest 500 million yuan of its own funds in phase two of its hydraulic casting project in Wujin, Changzhou, adding 30,000 tonnes a year of capacity. The announcement was made on 28 February 2018 and the build takes one year.
Skive-based Hydra-Comp bought a one-third share in Kolding-based Hydropac, a specialist in pump stations, to create synergies and support growth. Both companies will continue as separate entities.
NIBCO, the Elkhart, Indiana valve and fittings maker, is midway through a $100 million capital investment in its facilities over four years, including expansions at four plants totaling 350,000 square feet.
Ham-Let's subsidiary in China signed an agreement with the Yangzhong District management to build a new $15 million factory with double the production capacity, to be completed by end of Q1 2019; the district compensates $9 million.
Russia's Ministry of Industry and Trade, Moscow Oblast and Germany's WILO signed a special investment contract on 13 October 2017 to modernise pump production, with over RUB 750 million invested and output over RUB 29.5 billion.
HEROSE Group has invested in Mack Valves following the conclusion of discussions to create a future industry-focused organisation. The announcement was made on 10 October 2017; no value was disclosed.
Suzhou Dawson Drilling Equipment has completed a capital increase of $3.5 million in its indirect wholly owned subsidiary Suzhou Dawson Valve Co., with the company registration change now finalized in Suzhou Industrial Park.
Private equity investor LDC backed the management buyout of Stuart Turner, a UK water pump and pressure solutions business, to fund buy-and-build growth in commercial pumps. Existing shareholders are exiting; the deal value was not disclosed.
Yuanda Valve Group began construction of its North China pump and valve casting industrial park in Longyao County, Hebei, at a ceremony on 12 July 2017. The project has a total investment of 1.22 billion yuan and designed annual output of over 30,000 tonnes of valves.
ChargePoint Technology invested in a new 5-axis machine, automated washing plant and coordinate measuring machine at its Liverpool headquarters, as part of a wider £1 million investment to speed production of containment valves up to 350mm.
Tomsk Electromechanical Plant (TEMZ) has invested more than 1 billion rubles in a new production facility making equipment for Gazprom, with a total project investment of 1.5 billion rubles. The project includes a joint venture to produce anti-surge and control valves and electric drives.