Elgi Gulf FZE, a wholly owned UAE subsidiary of Elgi Equipments, proposed to invest 147,000 UAE dirhams for a 49% stake in a new UAE joint venture with a local Emirati partner to sell air compressors in the region.
Cortec Group acquired Rotating Machinery Services (RMS), a provider of aftermarket repair and overhaul services for large rotating machinery, from Incline Equity Partners. RMS has about 200 employees and four operating locations.
Norwegian shipbuilder Vard awarded TMC Compressors of the Seas a contract to supply compressed air systems for two cruise ships being built for Viking Cruises. Deliveries are scheduled for 2021 and 2022. The contract value was not disclosed.
Parker Aerospace announced a contract to 3D print fuel atomization nozzles and dual fuel manifold assemblies for Vericor Power Systems' TF50F oil field gas turbines, using electron-beam technology.
Nord-Lock Group will build a 125,000-square-foot North American headquarters in Findlay Township, Pennsylvania, consolidating manufacturing operations. The $4 million project is expected to create 37 new jobs and retain 110 existing jobs.
Baker Hughes, a GE company, opened its upgraded Centre of Excellence campus in Montrose, Scotland, in a GBP 31 million investment supported by a GBP 4.9 million Scottish Enterprise grant. The site handles engineering, manufacturing, testing and assembly of subsea deepwater equipment.
Sartorius started up its expanded manufacturing operations in Yauco, Puerto Rico, after investing more than $100 million. The expansion more than doubled production capacity of membrane filters and single-use bags for biopharmaceutical manufacture.
USA Rare Earth broke ground on a new rare earth metal and magnet manufacturing facility in Blacksburg, South Carolina. The $1.2 billion investment is expected to create about 490 jobs, with production capacity of 6,400 tpa of sintered NdFeB magnets and 5,000 tpa of strip-cast metal, commissioning targeted to begin in 2028.
Parrish & Heimbecker, Limited has begun construction of two new grain storage silos at its terminal at the Port of Quebec after receiving authorizations from the Quebec Port Authority.
The UK Competition and Markets Authority cleared the anticipated acquisition by Tadano Limited of the Demag Brand Crane Business and 8 subsidiaries of Terex Corporation.
Special machinery maker VWH GmbH held the ground-breaking for a new production center in the Westerwald region of Germany, adding 3,000 square metres of production space by February 2020 with a new plastics technology centre.
Global Compressor LP has added 7,300 square feet to its Houston headquarters, adding a machine shop, valve repair center and sales offices, doubling its machine count onsite.
Private equity firm Allegro Funds has agreed terms to take a stake in Questas Group, an Australian provider of hydraulic, irrigation, pump and engine solutions.
Chart Industries and Flowserve have finalized a $19 billion merger of equals, combining Chart's cryogenic technologies with Flowserve's pumps, valves and seals, with about $300 million in projected annual cost synergies.
Panasonic Corporation signed a joint business development agreement with startup Linkwiz to develop solutions to enhance welding processes in manufacturing. The agreement is undertaken by Panasonic's Connected Solutions Company.
Atlas Copco acquired the operating assets of Taylor Air Center, a compressor distributor and division of Vallen Distribution, in the Lehigh Valley, Pennsylvania. The business has about 20 employees and will join Atlas Copco's Compressor Technique service division. The price was not disclosed.
Fluxys LNG is adding a fifth LNG storage tank and vapor recovery system at its Zeebrugge LNG plant in Belgium, raising storage capacity from 380,000 to 560,000 cubic meters. Commissioning was underway in 2019.
Sunkid opened a new main building at its Bad Goisern site in Austria, serving as a center for innovation, construction and administration. The building has more than three times the space than before and includes expansion possibilities.
SIC Marking has acquired Zaniboni s.r.l., an Italian specialist in laser marking and traceability systems. The acquired company will be renamed SIC Zaniboni.
Comforsa, a forging company, invested approximately €1.3 million in new lathes, machining centers, and a quality scanner across its production centers to improve efficiency and internalize processes.
Trans-Foreland Pipeline Company applied to FERC to modify the Kenai LNG Plant in Kenai, Alaska, adding a 1000 hp electric-drive boil-off gas compressor, valves and pumps. The filing was made in June 2019.
Joensuun Yrityskiinteistöt Oy will build a new facility worth about 5 million euros at GreenPark business park, to be used by John Deere Forestry Oy. The facility will be completed in June 2020.
John Deere Forestry Oy will invest about 15 million euros to expand its Joensuu factory's assembly, test drive facilities and component manufacturing capacity. The investment will begin in summer 2019 and be completed in 2021.
Channellock, Inc. is investing in a 35,000 square foot expansion of its finished goods warehouse and distribution facilities in Meadville, Pennsylvania, and adding new machinery. The expansion will increase production capacity and support the launch of a new SpeedGrip pliers product.
A Mississippi company has won a Marine crane contract worth up to $84 million. The article text is truncated, but the headline indicates a contract award.
Liebherr secured a deal with Sunderland City Council and the Port of Sunderland to drive its LRS 545 reach stackers directly to the port for shipment to Guatemala. The first two of 20 machines were delivered, with 15 more to be built by year-end.
Deutz-Fahr invested 90 million euros to build a new tractor plant called DEUTZ-FAHR LAND in Lauingen, Germany. The plant opened in 2017 and produces high-performance tractors, with Kito providing crane systems and hoists.
Triton Partners reached an agreement to acquire a majority stake in Royal Reesink, an equipment distribution and aftermarket services platform, from Gilde Buy Out Partners, Teslin and Navitas Capital. The transaction is expected to close in H2 2019.
Indus Holding AG intends to acquire 89.9% of shares in Mesutronic Gerätebau GmbH, a German developer and manufacturer of inspection systems, as part of a succession plan. The deal is subject to cartel office approval.
CMS Cepcor committed £1.5 million to purchase three large-capacity CNC machine tools for its Technical Centre in Coalville, UK, to increase output and capabilities for crusher spare parts.
Loxam S.A.S. announced a recommended public cash tender offer to acquire all shares of Ramirent Plc for EUR 9.00 per share, valuing Ramirent's equity at approximately EUR 970 million. The deal creates a pan-European equipment rental leader.
Metso signed an agreement to acquire McCloskey International, a Canadian mobile crushing and screening equipment manufacturer, for CAD 464 million (EUR 308 million) in pro forma sales. The acquisition expands Metso's aggregates offering globally.
Baker Hughes, a GE Company, inaugurated an expanded multimodal facility in Luanda, Angola, serving oil and gas customers across Angola and sub-Saharan Africa with manufacturing, services and repair.
Swedish manufacturer Alfa Laval is adding a new brazed heat exchanger production line at its existing Henrico County, Virginia plant, creating 15 new jobs. The expansion was announced at a celebration on June 10, 2019.
A Naberezhnye Chelny cardboard and paper mill is installing a Jumbo corrugated packaging line supplied by Engico, with delivery from June 14 and installation from July 15, 2019. The line is meant to supply large corrugated packaging to Haier, which operates nearby.
Eclipse Automation, the largest privately owned custom automation supplier in Canada, acquired D&D Automation, a controls and systems engineering company based in Stratford, Ontario.
Polish corrugated packaging maker Werner Kenkel has acquired a Rapida 164-6+L offset press from Koenig & Bauer for its Krzycko Wielkie plant to raise production capacity. The report was published on 7 June 2019.
China High Quality Parts Corporation installed two Toyoda FA1050S horizontal machining centers at Plant 2 in Dongguan, China, adding 20% monthly capacity for machining fluid ends used in hydraulic fracturing.
Sun Hydraulics (Helios Group) opened its Kunshan plant in the German Industrial Park in Zhangpu Town, China, its first and only factory in Greater China. The project has a total investment of $10 million and registered capital of $8 million.
HYDAC B.V. acquired Elma B.V., a specialist in electrical drive and control technology, and its sister company Elro SRL in Romania. The acquisition expands HYDAC's capabilities in electrical engineering and drive technology.
Ohio Ag Equipment announced its intent to acquire North Central Ag, an AGCO dealer in New London, Ohio, with a target closing date of June 22, 2019.
Wipro announced it will acquire International TechneGroup Incorporated (ITI), a digital engineering and manufacturing solutions company, for $45 million. The acquisition is expected to close in the quarter ending September 30, 2019.
VITRONIC was awarded a contract to deliver, install and maintain over 500 speed and red light enforcement systems in Morocco, with local partner Alomra Group International. The project began in January 2019 with a two-year rollout goal.
NAI, a manufacturer of custom connectivity solutions, announced a multi-million dollar expansion of its design and manufacturing capabilities for ruggedized industrial cable assemblies, box and panel builds, including the development of an Industrial Center of Excellence (ICoE) in Troy, Michigan.
Mondragon Automation Equipment (Kunshan) Co., Ltd., a subsidiary of Spain's Mondragon Group, broke ground on a new factory in Qiandeng, Kunshan. The plant covers 18 mu (1.2 hectares) with 18,000 sqm of floor space, with an investment of $22.5 million, and is expected to be completed by June 2021.
Beckwood Press Co. was awarded a contract by Wabash National Corp. to engineer and build a custom 3,500-ton hydraulic bulge forming press. The press is scheduled for delivery in October 2019 and will be used at Wabash National's tank and silo business in Lafayette, Ind.
Siemens Mobility has won a mid-life overhaul service contract for TriMet's 79 SD660 light-rail vehicles. The project order is approximately $80 million with options for up to $25 million more. Overhauls will take place at a new facility in Clackamas, Oregon.
Termelés-Logistic-Centrum (TLC), a subsidiary of Sennebogen, is investing EUR 30.8 million in a 29,000 sqm factory in Litér, Hungary, to produce steel parts for material handling equipment. The factory will create 80 jobs and is expected to be finished by summer 2020.
KC Cottrel signed a 41.5 billion won ($35 million) contract with Nan Ya Plastics Corporation for construction work, running from June 2019 to June 2022.
ANDRITZ received a turnkey order from MG TEC Industry to supply two complete tissue production lines for its mill in Dej, Romania. Start-up is scheduled for 2020 and 2022.