HUBER SE inaugurated its new production hall P3 at its headquarters in Berching/Erasbach, Germany, on 19 April 2023. The expansion lays the foundation for further growth and secures jobs.
Piller Blowers & Compressors is selling its hot gas circulator business unit, including two fan series, to Karl Klein Ventilatorenbau effective 1 June 2023. Piller will focus on blowers for steam compression.
Trelleborg has decided to invest SEK 300 million in a new production plant for sealing solutions in India, to be built on land acquired in the Bengaluru area. Production is set to start in the first half of 2026, raising capacity by more than 60 percent.
HANSA-FLEX AG has acquired Knapheide, a hydraulic systems supplier to German machinery makers with about 400 employees and revenue in the high double-digit millions of euros, as a strategic investment in mid-April 2023. Knapheide keeps its name and sites.
EnergyLink International completed the acquisition of UECompression Inc., a Colorado-based designer and packager of engineered compression equipment. UECompression's president Keith Kern was appointed to lead the company.
EnergyLink International announced on 11 April 2023 that it has acquired UECompression Inc., a supplier and distributor of engineered-to-order compression equipment, and appointed Keith Kern as UECompression's president.
Magnum Venus Products (MVP) bought a facility and 17 acres of land in East Tennessee, consolidating its corporate office and Knoxville assembly and service center. The expected $20 million investment over five years is estimated to create 100 jobs.
Krones selected Icertis Contract Intelligence to transform its sales and procurement contracting processes, integrating it with SAP Ariba and Salesforce. The system is managed from Krones headquarters in Neutraubling, Germany.
Baker Hughes announced an order from QatarEnergy to supply two main refrigerant compressors for the North Field South LNG project, part of two mega trains adding 16 MTPA of capacity, with the order to be booked in Q1 2023.
INOXCVA began construction of a 30-acre greenfield cryogenic equipment manufacturing facility at Savli in Vadodara, Gujarat, with an investment of INR 200 crore, able to fabricate over 20,000 tonnes of stainless steel equipment per year.
Baker Hughes won a contract from Bechtel to supply four Frame 7 turbines, eight centrifugal compressors and two electric motor driven compressors for the first phase of Sempra's Port Arthur LNG project in Texas. The deal was announced on Monday, March 27, 2023, after Sempra's final investment decision on March 20. The price was not disclosed.
Germany's Multivac is investing 6 million euros to expand its plant in Bulgaria, according to SeeNews. The article does not specify the exact location or the new capacity.
Baker Hughes won a Bechtel order to supply two main refrigerant compressors for Sempra Infrastructure's Port Arthur LNG Phase 1 project in Jefferson County, Texas, following final investment decision on March 20, 2023. The package includes four Frame 7 turbines, eight centrifugal compressors and two motor-driven compressors, for about 13 MTPA nameplate capacity.
Lexair Inc. will expand its Lexington, Kentucky operations with an $8.5 million investment, adding 35,000 square feet and creating 14 full-time jobs. The announcement was made on March 15, 2023.
Elgi Compressors USA Inc, a subsidiary of Elgi Equipment, entered an operating agreement to acquire a 33.33% stake in CS Industrial Services LLC, its exclusive distributor for ELGi compressors in Western New York, for about $125,000. Completion is expected by 31 March 2023.
Bailey International opened a new MVP (Motors, Valves, Pumps) Center in Grand Rapids, Michigan, with over 20,000 sq ft, stocking and manufacturing hydraulic motors, valves and pumps. The center follows Bailey's earlier acquisition of Hydrolico.
KHS India laid the foundation stone of a new Rs 50 crore plant adjacent to its existing Ahmedabad facility, expected to raise production capacity by 40% and create 150 direct jobs.
Italy's Marchesini Group has acquired M.A.R. S.p.A., a Milan-based maker of pharmaceutical packaging machines for liquids, powders and syringes. M.A.R. will keep its Lainate site and staff and expand by hiring technicians and designers.
Norway-based TMC Compressors will deliver marine compressed air systems, including N2 feed compressors, for six LNG carriers being built by Jiangnan Shipyard for ADNOC Logistics & Services. Delivery of the vessels is scheduled for 2025 and 2026.
Yingpu Fluid Technology held the groundbreaking for its intelligent manufacturing and global R&D center for high-end hydraulic equipment in Zhenjiang high-tech zone on March 1, 2023. The total project investment is US$100 million.
ZIEHL-ABEGG has broken ground on a €100 million production, logistics and R&D center on a 48,500 m2 site in Winston-Salem, North Carolina, for biomimetic energy-efficient fans. The article says the project will create hundreds of new jobs.
Lupamat Compressor signed a partnership agreement with FS-Elliott, the American centrifugal air compressor maker based in Export, Pennsylvania, for developing industrial products in the Turkish market. The agreement was reported on February 27, 2023.
Valmet will supply a coated board machine for Graphic Packaging International's mill in Waco, Texas, with start-up scheduled for early 2026. The machine will have an annual capacity of about 500,000 short tons of coated recycled board. The deal value was not disclosed.
Poclain invested $25 million in capital expenditure over two years at its Yorkville, Wisconsin plant, including a building extension and new motor and pump assembly line to meet demand.
VMI, part of TKH, opened three new production assembly halls at its Leszno, Poland site, bringing production floorspace to almost 30,000 square meters. The expansion supports its tire and pharmaceutical machinery business.
Dongya Machinery (301028) broke ground on its Jaguar air compressor manufacturing project, with a planned investment of 733 million yuan and completion expected in 2025. The plant will produce air compressors, vacuum pumps and blowers.
Iowa approved a $310,000 award for Mobile Track Solutions to improve its Elkader facility, with a capital investment of $11.45 million and 30 new jobs, scheduled for completion in Q1 2025.
AXXERON took over the MOOG production site in Luxembourg on 1 October 2024, its first company acquisition outside Germany, to make servo cartridge valves and hydraulic control blocks.
Baumüller Dravinja, the Slovenian subsidiary of Baumüller, is completing a new hall in Slovenske Konjice for about five million euros, doubling electrical production capacity and adding sheet metal and logistics space, with occupancy planned for March 2023.
Toscotec was contracted by UNIPAKHELLAS, a member of INDEVCO Group, to supply a complete containerboard paper production line for the UHC mill in Pelasgia, Fthiotida, Greece.
DeLaval plans to raise production capacity of its VMS automatic milking systems by 50% to meet rising demand, with a new VMS factory targeted for setup in 2024 at its Tumba site in Sweden.
Stora Enso has awarded Voith a contract to convert a former coated paper machine at its Oulu, Finland site into a board machine producing folding boxboard and coated kraft back with 750,000 tons per year capacity. Start-up is scheduled for early 2025.
Vow ASA subsidiary C.H. Evensen was awarded a contract by Swedish steelmaker Uddeholm to convert four heat treatment furnaces from fossil gas to electric operation. The order is worth about NOK 24 million and lifts C.H. Evensen's backlog to NOK 155 million.
Vow ASA subsidiary C.H. Evensen Industriovner was awarded a contract by Swedish steelmaker Uddeholm worth about NOK 24 million to convert four heat treatment furnaces from fossil gas to electric operation.
Guangdong Fosber Intelligent Equipment (Fosber Asia) held the groundbreaking for a new intelligent factory making corrugator production lines in Songxia Industrial Park, Foshan, on 10 February 2023. The estimated investment is about 500 million yuan over an 80-acre site.
Bobcat Company completed a $9.3 million investment in automated punch press technology at its Gwinner, North Dakota plant, built with AP&T North America, and added $1.2 million in building upgrades. The new line began production and is expected to more than double press capacity.
Xebec Adsorption sold substantially all assets of its British Columbia subsidiary Applied Compression Systems Ltd. to 1396905 B.C. Ltd. The announcement is dated 7 February 2023 and no value was disclosed.
Xebec Adsorption sold its subsidiary Green Vision Holding, parent of HyGear Technology and Services, to Hydrogen Solutions B.V., an affiliate of HoSt Holding, as part of its sale process announced on 7 February 2023. No value was disclosed.
The Nikkiso Clean Energy and Industrial Gases Group completed its acquisition of Cryotec Anlagenbau GmbH, a plant engineering firm in Wurzen, Saxony, for an undisclosed amount. Cryotec will become the group's European competence and production center.
Baker Hughes Masoneilan shipped a package of API-6A severe service control valves for the Mero-3 FPSO in the Santos Basin, offshore Brazil, with the valves built at its Conde, France facility. Production on the field is expected in 2024.
Bosch Rexroth completed its acquisition of HydraForce, a US compact hydraulics specialist, after antitrust approval. HydraForce will be integrated into Bosch Rexroth's Compact Hydraulics Business Unit.
Stora Enso has commissioned Voith to convert a former paper machine at its Oulu site in Finland into a board machine producing 750,000 tons per year of folding boxboard and coated kraft back. Start-up is scheduled for early 2025.
Ingersoll Rand Inc. bought Paragon Tank Truck Equipment, a Catersville, Georgia maker of blowers and pumps for tank truck loading, in an all-cash deal of about $40 million. Paragon has around 55 employees and revenue above $25 million.
Valmet will deliver BCTMP, evaporation and NCG technology plus a mill-wide automation package for Stora Enso's Oulu mill in Finland, part of a roughly EUR 1 billion board line conversion. The order value was not disclosed and the upgraded mill is scheduled for early 2025.
Rheinmetall has won a €770 million long-term supply contract for propane (R290) compressors, reportedly for a domestic heat pump manufacturer. The announcement was made in January 2023.
Carraro Group inaugurated a new 1,440 square meter production area at its gear plant in Ranjangaon, Pune, adding gear hobbing and grinding machines. Monthly gear capacity will rise from 150,000 to over 175,000.
exceet Group SCA signed a business combination agreement to acquire all of APEX Group, a developer of green hydrogen electrolysis plants. It will pay about EUR 25 million in cash for 20.8% and issue new shares for the remaining 79.2%.
Norwegian marine compressor maker TMC was selected by Hudong-Zhonghua Shipbuilding to supply marine compressed air systems for seven LNG carriers being built for Mitsui O.S.K. Lines and chartered to QatarEnergy. Announced on 18 January 2023.
Massman Companies, a packaging machinery maker based in Villard, Minnesota, acquired Ultra Packaging Inc., a privately held designer of automated cartoning machines based in Chicago, Illinois. The announcement was dated January 17, 2023.
Fluid power and industrial automation distributor Triad Technologies completed its acquisition of Industrial Service Products, LLC, expanding its Illinois presence. Terms were not disclosed.