Chiron Group is investing over €30 million in a new Precision Factory in Neuhausen ob Eck, Germany, with capacity for 450 machines per year and 220 employees. Operations are set to begin in autumn 2019.
Chiron Group is building a new plant in Taicang, China for over €10 million, tripling local production capacity and creating 190 new jobs. Production is expected to start in the first half of 2019.
Dril-Quip subsidiary in Aberdeen entered into a FEED contract and frame agreement with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 development offshore Falkland Islands. The equipment portion is valued at $207 million.
Danfoss Power Solutions signed an 11,088 sqm office and warehouse lease at Hillwood Wroclaw I BIS logistics park in Bielany Wroclawskie to expand operations at its hydraulics manufacturing site. Cushman & Wakefield represented the tenant.
Royal Reesink B.V. purchased a majority share of Tingley's Harvest Center, a full-service Claas dealership with three locations in Saskatchewan and Alberta, Canada. Shane Tingley and Claas will remain minority shareholders.
Skyway Precision Inc. acquired the assets of Bellwright Mfg. LLC, a manufacturer of CNC machined components for commercial truck, agricultural, utility vehicle, automotive, and appliance markets.
XCMG won about USD 13 million of orders including 70 XE150BR excavators to Brazil, hundreds of excavators and dumpers for Indonesia's Jakarta-Bandung high-speed railway, and a XGT8075-40 crane to Bolivia for a hydropower station.
Norjon Precision Engineering has installed a high-speed DA300 vertical machining centre from Makino, with an Erowa pallet system, at its Gosport factory. It is the first Makino DA300 in the UK.
Brandt Group, a Franco-Algerian home appliances manufacturer, invested €500 million in a new 110-hectare production facility in Algeria, the largest in Africa, to shift production away from China and reduce lead times.
ANDRITZ announced the successful closing of its acquisition of Xerium Technologies, a global manufacturer of machine clothing and roll covers for the paper industry.
Escorts announced a joint venture with Tadano Ltd to manufacture rough terrain and truck-mounted cranes in the 20 to 80 tonnage categories in India. The JV will initially focus on the domestic market with potential for future exports.
German machine tool manufacturer Hermle will invest 300 million rubles to create a design and technology center in the Ulyanovsk port special economic zone, with plans to later produce machine tools there.
Phoenix Contact will acquire SKS Kontakttechnik and Pulsotronic, both based in Niederdorf, Germany, effective January 1, 2019, pending antitrust approval.
Tata Hitachi, a joint venture between Tata Motors and Hitachi Construction Machinery, plans to invest Rs 200-300 crore over the next two years to expand capacity and launch new models, including four-wheel drive vehicles and localized 2-tonne and 3-tonne excavators.
PNT (피엔티) has signed a contract worth KRW 27,428,280,000 to supply an electrode production system. The contract was announced on October 16, 2018, with a contract period ending April 30, 2019.
Methods Machine Tools Inc. has entered into an agreement to represent Niigata Machine Techno Inc. throughout the US, Canada and Mexico. The announcement was made on October 16, 2018.
Wajax Corporation has acquired all shares of Montréal-based Groupe Delom Inc., a maintenance and repair provider for electromechanical and rotating equipment, for a purchase price of $51.8 million with $2.0 million contingent on performance targets. Delom has six branches in Eastern Canada.
The Andersons, Inc. announced it has signed a deal to acquire the remaining 67.5% of Lansing Trade Group (LTG) it does not already own for about $305 million in cash and stock. The deal will consolidate Thompsons Ltd., jointly owned by both firms.
Kurtz Ersa held a ground-breaking ceremony for a factory expansion in Zhuhai, China, that will quadruple production area. The first phase is scheduled for completion in May 2019, with capacity reaching up to 800 machines per year.
The Carlyle Group has agreed to acquire EnerMech, an offshore services group based in Aberdeen, Scotland, from Lime Rock Partners for £450 million. The deal is expected to close by year-end 2018.
Duravant acquired Key Technology, Ohlson Packaging and QC Industries to expand its capabilities in food processing automation, weighing and filling machines, and material handling conveyors. Key Technology becomes a wholly owned subsidiary.
HMPS was awarded a contract by Electrolux to design and supply an EPS Packaging Automation Cell for its Dudley Park plant in Adelaide, Australia. The solution runs 17 hours per day, 230 days per year.
Oerlikon Manmade Fibers has acquired AC-Automation GmbH & Co. KG, integrating its automation solutions for large-scale systems into its portfolio to offer fully-automated, digitally-networked fiber production.
Sulzer inaugurated a new manufacturing site for Applicator Systems products in Wrocław, Poland.
Acron and REP Holding have signed a strategic partnership agreement to develop cooperation, including designing and commissioning turbine power plants for nitric acid operations at Acron's Veliky Novgorod facility.
Smec Co Ltd announced it won an order worth $42 million to provide machine tools through its unit Smec America.
MEILLER GmbH held a groundbreaking ceremony for its new Austrian headquarters in Oed-Öhling, Lower Austria. The company will consolidate production from two existing plants in Waidhofen an der Ybbs and Asten into a single site on a nearly 6-hectare plot, to produce around 1,500 tippers annually.
Linde Hydraulics plans to locate new production operations in Rock Hill, York County, South Carolina, in a 67,200 sq ft facility, with a $13.4 million investment projected to create more than 60 jobs.
24/7 Compression is opening a new 14,000 square foot facility in Grande Prairie, Alberta, in October 2018, expanding its production and service capacity after the merger with Belair.
Calgary-based 24/7 Compression Ltd. and Belair Power & Production Equipment Inc. announced a completed merger, combining natural gas compression service and power generation packaged equipment businesses. The merger was announced on October 10, 2018.
Işıklar Enerji's subsidiary Çimtek Çimento Teknolojisi Mühendislik AŞ signed a $3.36 million contract with Kyretabı Turkey Mühendislik Mimarlık İnşaat Taahhüt Sanayi ve Ticaret AŞ for engineering, manufacturing, equipment supply, electrical and automation, steel and construction works related to a capacity increase investment at Befesa Silvermet İskenderun Çelik Tozu Geri Dönüşümü AŞ's factory.
JCB won an order worth over £13 million from Lomond Plant for more than 250 machines, including X Series excavators, mini excavators, tracked excavators, site dumpers, backhoe loaders and compaction equipment.
Honeywell will implement a €30 million project at Sappi Austria's paper mill in Gratkorn, Austria, including server virtualization, process visualization, and cybersecurity solutions to modernize the mill.
KROHNE Inc. opened a new flow and level instrument manufacturing and calibration facility in Beverly, Massachusetts.
The Shenyang State-owned Assets Supervision and Administration Commission transferred 26.757% of its stake in Shenji Group (Shenyang Machine Tool Group) to Shenyang Industry Investment Development Group, reducing its ownership from 92.070% to 65.313%.
Chinese company CSG Smart Science & Technology has acquired Maka Systems, a German manufacturer of CNC machines for wood, aluminum and plastic processing, with 160 employees.
Rommelmann GmbH was awarded a contract by Kreishandwerkerschaft Coesfeld for the supply and installation of precision lathes, universal tool milling machines, and pillar drilling machines for a technology center. The contract value is EUR 47,991,867, awarded on 2018-10-08.
Bharat Fritz Werner Ltd (BFW) plans to set up two more plants to more than double its production capacity from 3,500 to 10,000 machines per annum within 3-4 years. The company recently expanded with a greenfield project in Hosur, Tamil Nadu, investing ₹50 crore, and has been allotted 20 acres in Tumkuru Machine Tools Park, Karnataka, for a unit that may become operational by 2020.
TIL Ltd revived its plan to set up a second factory in Kharagpur, West Bengal, to manufacture a new range of high tonnage mobile cranes. The project cost is INR 180 crore (including INR 50 crore land cost), and construction will begin soon, with financing from sale of land assets in Uttar Pradesh.
Decide4Action, a productivity software and hardware company, acquired Automation Intellect, an AI and automation firm, to enhance its smart manufacturing and intelligent automation capabilities.
Fluid Flow has agreed to acquire Hygeniks, Inc., a Massachusetts-based manufacturer and distributor of value-added components and systems for hygienic processes, to expand its process control offerings for life sciences.
Nordson Corporation's Chonburi facility in Thailand has expanded its Xaloy screw and barrel manufacturing capacity with new systems and now also supports the BKG brand with technical service and a new pelletizing lab line.
The Ryazan Machine Tool Plant, a production site of Russian machine tool company STAN, plans to produce 24 units of high-tech equipment in 2018, up from 17 in 2017. The plant is also modernizing production of CNC lathes and special machines with investments of 770 million rubles, creating several dozen jobs.
SOMAPAK Csomagolástechnikai Gépgyártó Kft. has awarded a contract worth HUF 94,509,700 to NCT IPARI ELEKTRONIKAI KFT. for the supply of CNC machining centers and a CNC lathe. The award was granted on 2018-09-17.
Industrial Growth Partners V, L.P., in partnership with management and certain outside investors, acquired BMG, a provider of turnkey thermoforming and packaging systems for the food & beverage market, on October 4, 2018.
Blum GmbH built a new 4,000 sq m plant on a 25,000 sq m site in Hettenleidelheim, Germany, to create space for growth. The facility includes a Kasto Uniline sheet storage system for automated material handling.
Kordsa Inc., a unit of Kordsa Teknik Tekstil, acquired 100% shares of Advanced Honeycomb Technologies Corporation for $3.2 million, expecting to generate about $4 million in annual composite revenue increase in the US.
Multivac has invested US$40 million in a new center for its Slicer Business Unit in Wolfertschwenden, Germany, with completion planned for 2020. The facility will include production space and an application center.
ANDRITZ received an order from Celulosa Arauco y Constitución S.A. to supply pulp production technologies and equipment for the modernization and extension of the ARAUCO pulp mill in Horcones, Chile. The order value is around €300 million, with start-up scheduled for Q1 2021.
Krones Inc. acquired W.M. Sprinkman Corp., a Waukesha, Wisconsin maker of food and beverage processing equipment with 125 employees, for an undisclosed price. The deal closed on October 2, 2018.