J2L Holding AB has acquired the Rehobot group, parent of Rehobot Hydraulics and Simson Power Tools, effective 9 January 2023. Rehobot Hydraulics in Eskilstuna makes high pressure hydraulic pumps, cylinders and tools.
DYPNF signed a supply contract with Lotte GS Chemical worth 12 billion won for a BPA prill fan package system and prill tower, disclosed on January 5, 2023. The amount equals about 12.04% of DYPNF's 2021 revenue.
Baker Hughes was awarded a contract by MMHE to supply CO2 compression equipment for PETRONAS Carigali's Kasawari offshore carbon capture and sequestration project in Sarawak, Malaysia, capable of reducing 3.3 million tons of CO2 per year.
Mondi installed a 3.35m BHS Corrugated Width Line at its Mszczonów plant near Warsaw, following a factory extension, lifting planned output to over 320m sqm per year. The extension and new corrugator were implemented in 2023.
Ingersoll Rand completed its all-cash acquisition of SPX Flow's Air Treatment business for about US$525 million in Q1 2023. The business makes compressed air dryers and filters.
Seiko NSK plans to invest 30 billion yen over five years to increase production of bearings for electric vehicles, including at its Ishibe Plant in Konan City, Shiga Prefecture. The plan was reported on 29 December 2022.
Chongqing Gas Compressor Works won the second-round tender for BOG high-pressure compressors for the Wuhu Changjiang LNG inland receiving and transshipment terminal in Anhui, at a bid price of RMB 18.5 million. The tender was awarded by Anhui Changjiang LNG Co.
Shenji Group won all six sets of 110,000 m³/h air separation compressor units for the first phase of Inner Mongolia Baofeng Coal-Based New Materials' 3 Mt/yr coal-to-olefins project. The order was reported on 27 December 2022, and Shenji also won 27 other process compressor sets for the project.
Ingersoll-Rand (India) Limited's board approved on December 22, 2022 a new manufacturing plant in Gujarat, India, with an investment of about INR 170 crore. The plant will add 5,000 units per month initially by September 2024 and make air compressors, air treatment devices and hydrogen compressors.
Hydroscand France signed an agreement to acquire 100% of Pathel Industrie SAS, a Lyon-based maker of industrial hoses and fittings with subsidiaries in France, UK and Spain. The transaction is expected to close by end of 2022.
Howden agreed a contract with Precision Fabricating and Cleaning to supply a diaphragm compressor package for the ITER fusion tokamak project, a 35-country collaboration.
Atlas Copco acquired the operating assets of Northeast Compressor, a seller of air compressors and services to industrial customers in upstate New York, strengthening its geographic coverage there; the price was not disclosed.
German film packaging line maker Brückner plans to expand its subsidiary factory in Topoľčany, Slovakia, by building a hall of nearly half a hectare, as orders have grown.
Swedish Dacke Industri completed the acquisition of 70% of Tecair B.V., a pneumatic systems and components maker in Drachten, Netherlands, on December 8, 2022. The current owner keeps the remaining 30%.
General Machine and Tool Company will invest $3.7 million to expand manufacturing at its headquarters in Elizabethton, Tennessee, creating 25 new jobs in Carter County. The expansion follows its acquisition by Cinco Research Corporation in February 2022.
Hoerbiger Compressor Technology held a groundbreaking on November 29, 2022 for a China base in Changzhou's Sino-Swiss innovation park. The 43-mu site has a total investment of US$100 million and is expected to exceed 500 million yuan in annual sales once at full output.
NOVAIR USA plans to invest more than $1 million and add 12 jobs at its North Tonawanda, New York plant to expand oxygen and nitrogen generator manufacturing, including moving some production from America Energy in Miami.
HOERBIGER initiated construction of a new plant in Changzhou, Jiangsu Province, China, on 29 November 2022, to house its Compression and Safety operations. The building is due for completion by the end of 2023.
Singapore-based C-LNG Solutions subcontracted Norway's TMC Compressors to supply boil-off gas compressors for the LNG dual-fuel conversion of Matson's containership Daniel K. Inouye, which is being converted at a Chinese yard. The price was not disclosed.
Shibaura Machine India plans to invest Rs. 225 crore in its Chennai plant to expand injection molding machine capacity to 3,200 machines a year in phases. A new factory adjacent to the existing plant is under construction, with trial production expected by November 2023.
Ziehl-Abegg is investing 100 million euros in a new 46,500 m2 US production plant in Winston-Salem, North Carolina, expected ready for occupancy in 2024, with the existing Greensboro site relocated there in 2025.
Edwards, part of Atlas Copco Group, is building a 15,000 m2 manufacturing facility in Asan City, South Korea, for vacuum and abatement systems used in semiconductor manufacturing, expected to be fully operational in Q3 2023.
Sulzer completed a modernization of its Karhula pump factory in Kotka, adding a highly automated, digitized pump production line and a new logistics centre. The upgrade cuts production throughput time by 93%.
Babcock & Wilcox's B&W Thermal and B&W Environmental segments were awarded a contract worth more than $24 million to supply two industrial package boilers and two SCR systems for a petroleum refinery in North America.
Chart Industries signed a definitive agreement to acquire Howden, a global air and gas handling equipment maker, from KPS Capital Partners for $4.4 billion, funded by cash and preferred stock, with closing expected in the first half of 2023.
Gardner Denver Ltd invested GBP3.5 million in its Cross Lane, Bradford facility, merging two locations for design, assembly and testing of compressors, blowers and vacuum pumps. The site is operational.
Guangdong Forsberg Intelligent Equipment plans to invest 500 million yuan in an intelligent plant in Foshan, Guangdong, to make corrugated cardboard production line equipment. The project covers about 80 mu.
Maximator Hydrogen was contracted by Swedish firm REH2 to supply 24 hydrogen filling stations for heavy trucks in Sweden. The first station is due in autumn 2023 with the rest following monthly from 2024.
GEA began construction of a 85,000 square foot repair, logistics, assembly, production and training facility in Janesville, Wisconsin. The investment is about USD 20 million, over 70 jobs are expected, and opening is scheduled for late 2023.
Edwards, part of Atlas Copco, is building a new dry vacuum pump factory for semiconductor manufacturers in Genesee County, New York. Phase one is a $127 million project; the total over seven years is $319 million, creating about 600 jobs.
Alfa Laval signed an agreement to deliver compact heat exchangers to the green hydrogen plant planned in NEOM, Saudi Arabia, which will use about half of the 4GW of renewable power generated there.
Engineered Machined Products (EMP), a Concentric AB company, won a contract for machined components in the U.S. from a global multinational customer, expected to deliver about one million USD in annual sales.
Ingersoll Rand agreed to acquire Airmax Groupe, a French compressed air specialist with about 100 employees and nine locations across France, as part of a combined purchase price of about $86 million announced on 27 October 2022.
Ingersoll Rand agreed to acquire India-based Everest Group and France-based Airmax Groupe for a combined all-cash upfront price of approximately $86 million, plus possible earn-out consideration.
Switzerland-based WinGD was selected to provide X72DF-2.1 dual-fuel engines for 25 QatarEnergy LNG carrier newbuilds under the North Field East project.
Atlas Copco Compressors has acquired the operating assets of Compressed Air Products, Inc. (CAP), a longtime distributor based in Newnan, Georgia, which will become a direct branch. Twenty people will join Atlas Copco; the price was not disclosed.
Stora Enso will invest approximately EUR 1 billion during 2022-2025 to convert an idle paper machine at its Oulu site in Finland into a 750,000-tonne consumer board line, with production expected in early 2025.
Chinese shipbuilder Hudong-Zhonghua contracted Norwegian firm TMC Compressors to supply compressed air and nitrogen system equipment for six 174,000-cbm LNG carriers ordered by MOL. TMC will manufacture the equipment in the Nordic region; the price was not disclosed.
Göpfert Maschinen GmbH has taken over all of Dücker Corrpal AB in Ystad, Sweden, a specialist in breakers.
Rockfin sp. z o.o. will invest about 33 million zł to expand its existing Gorlice production plant, tripling production space and adding machinery and lines, with 30 new jobs, supported by the Polish Investment Zone program.
Howden secured a contract from INOVYN, an INEOS subsidiary, to supply a low-pressure piston compressor and a high-pressure diaphragm compressor for INOVYN's hydrogen production facility in Runcorn, UK.
Atlas Copco has acquired Vector, a privately held compressor distributor with 23 employees founded in 1933 in Poland, for an undisclosed amount. Vector becomes part of Atlas Copco's service division within Compressor Technology.
A signing ceremony was held for a German Baohua compressor project in the Taicang Port Economic and Technological Development Zone, with a total investment of US$10 million. The plant is expected to produce 10,000 compressors a year once at full capacity.
Valmet signed an agreement to supply 800 Neles NDX valve controllers and 500 Neles B1 actuators to modernize valves at Mercer Stendal's pulp mill in Arneburg, Germany, with delivery finishing by end of 2023.
GEA Heating & Refrigeration Technologies introduced the Grasso L XHP high pressure screw compressor and Grasso V XHP high pressure piston compressor at Chillventa 2022 in Nuremberg.
UFI Filters Group, through its subsidiary UFI Filters Hydraulics, acquired 100% of Friedrichs Filtersysteme GmbH, a hydraulic filter manufacturer based in Wassenberg, North Rhine-Westphalia.
Ingersoll Rand agreed to acquire SPX FLOW's Air Treatment business, a maker of compressed air dryers and filtration systems, for about $525 million. The business had expected 2022 revenue of about $180 million.
Oltrogge GmbH & Co. KG took over the compressed air technology division of Flaco Geräte GmbH in Gütersloh, effective October 1, 2022, with 85 employees transferring. The announcement was published on October 5, 2022.
Atlas Copco acquired the operating assets of the compressor business of Mesa Equipment & Supply Company in Albuquerque, New Mexico, adding 19 employees to its Compressor Technique service division. The purchase price was not disclosed.
Japan's EBARA Corporation acquired 100% of Hayward Gordon L.P., a Toronto-based maker of heavy-duty process pumps and mixers, expanding EBARA's North American presence. The deal value was not disclosed.