LiuGong India, a subsidiary of Guangxi LiuGong Machinery, announced an additional investment of US$5 million to enhance production capacity at its factory in Pithampur, India. The company's manpower is likely to increase by 40% over the next 2-3 years.
Advanced Machine & Engineering broke ground on a new $3.5 million facility expansion to support product growth and increase revenue. The expansion will create up to 100 new manufacturing jobs in Rockford.
Dayton, Ohio fluid power distributor Scott Industrial Systems announced its acquisition of Sun Coast Hydraulic Electric Manufacturing, a maker of custom industrial control panels and hydraulic power units founded in 1993.
Ferromatik Milacron India Pvt. Ltd. is investing $8 million to expand its operations in India.
Hardinge Inc., a manufacturer of metal-cutting solutions, has agreed to be acquired by an affiliate of Privet Fund Management LLC for $18.50 per share, with a total transaction value of approximately $245 million. The deal is expected to close by the end of Q2 2018.
Weland AB has invested 60 million Swedish kronor in a new fully automated production line with punching and panel bending machines at its facility in Gislaved, Sweden. The line can process coils and is one of the most modern in its class in Sweden.
Royal IHC contracted TMC Compressors to deliver a complete marine compressed air system, including two 84kW water-cooled compressors and air dryers, for the integrated reel-lay vessel it is building for Subsea 7. Delivery of the vessel is planned for early 2020; the contract value is undisclosed.
Riverside Medical Packaging, a Derby-based manufacturer of medical packaging machines, plans to create 40 new jobs after investing nearly £100,000 in new technology. The company aims to quadruple sales of its Shawpak thermoforming machinery and target a £2 million boost in sales.
Sintokogio, Ltd. has acquired a majority share in Omega Foundry Machinery Ltd., a UK-based manufacturer of no-bake foundry equipment. The acquired company will be renamed Omega-Sinto Foundry Machinery Ltd.
Elbit Vision Systems Ltd. (EVS), a producer of machine vision inspection systems for textiles, has agreed to be acquired by Switzerland-based Uster Technologies AG for approximately $32 million enterprise value. The transaction is expected to close in Q2 2018.
Goodtech has signed a supply contract with Borealis to deliver two fully-automated Portabulk® lines for filling and handling fertilizer products in bulk bags at a new development in France. The contract value is about NOK 10 million, with completion scheduled for the second half of 2018.
Guangzhou KDT Machinery Co. will buy 75 percent of Masterwood S.p.A., an Italian CNC woodworking machinery company, for EUR16 million (USD20 million) through its Hong Kong unit.
Malaysian fast-food packaging printer Interpress Printers ordered an EVO XD flexo printing line from KBA-Flexotecnica, a Koenig & Bauer subsidiary, for new premises in Kuala Lumpur. The press is due on stream by end of 2018.
ePac Flexible Packaging bought 10 additional HP Indigo 20000 digital presses to open new facilities in Los Angeles, Houston, Chicago and Miami through mid-2019, quadrupling its production capacity.
ZF Friedrichshafen AG plans a joint venture with Chinese forklift producer Anhui Heli Co., Ltd., named ZF-Heli Drivetech. ZF will hold 51% ownership and produce transmissions and axles for forklifts at a factory in Hangzhou, China.
American group Food Machinery Corporation (FMC), with annual turnover over USD 3 billion, has opened a branch in Romania, FMC Agro Operational, to deliver products to Romanian farmers and suppliers.
Samsung Heavy Industries won an order worth 820 billion won ($749.5 million) to build eight 12,000 TEU container carriers for an Asian shipping company, with delivery by May 2021.
Alstom has been awarded a contract by ONCF (Moroccan National Railways) to supply 30 electric Prima M4 locomotives. The contract is worth around 130 million euros and the locomotives will be manufactured at Alstom's Belfort plant.
Foley Inc., a Caterpillar dealer based in New Jersey, has acquired fellow Caterpillar dealer Giles & Ransome, headquartered in Pennsylvania. The acquisition expands Foley's territory from northern New Jersey to the Delaware Valley, southern New Jersey and northern Delaware.
Samsung Heavy Industries signed a contract with Evergreen Marine to build eight 11,000 TEU containerships worth 817 billion won (about $752 million), with delivery from Q1 2020 to Q2 2021.
Tianjin Lovol Heavy Industry Group Co., Ltd. and Doosan Infracore Co., Ltd. have filed for approval of a new joint venture. The public comment period runs from February 8 to February 17, 2018.
MacGregor, part of Cargotec, has entered into an agreement to acquire the major businesses of TTS Group, a global provider of cargo handling equipment for merchant and offshore ships, for an enterprise value of EUR 87 million.
SeaFort Capital has made a major investment in Mecfor, acquiring the Quebec-based heavy equipment manufacturer from Groupe Ceger. The transaction consolidates over 85 jobs at Mecfor's factory and headquarters in Chicoutimi.
Robit Plc held a grand opening ceremony for a new production facility in Hwaseong, Gyeonggi-Do, South Korea. The investment is approximately USD 12.4 million and will increase manufacturing capacity for Top Hammer rods and shanks.
DMG Mori is investing approximately 25 million euros in the expansion, modernization and digitalization of its Famot production site in Poland. The investment is driven by growing order and production volumes for the CLX, CMX-V and CMX-U universal machine series.
Siemens won a contract to supply a turbo-compressor train, including an RFBB36 pipeline compressor driven by an SGT-A35 gas turbine, for TransCanada's Winchell Lake Compressor Station as part of the NGTL pipeline expansion in Alberta. Commissioning is planned for the fourth quarter of 2019.
Halliburton signed a definitive agreement to sell its Dresser Equipment Group, a maker of valves, instruments and industrial equipment, to an investor group led by First Reserve and Odyssey Investment Partners for $1.55 billion in cash and assumed liabilities. Halliburton will keep a five percent equity stake.
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.
Ballygarvey Eggs designed and built a new state-of-the-art automated egg packing plant 5 km from its original unit, equipped with Endoline's RACE random case erecting system to handle 25 different pack configurations.
Brückner built a new production site in Abtenham near Tittmoning, Germany, with 25,000 square meters of hall area and latest production technology. Groundbreaking was in September 2016, and the move began in November 2017, to be completed by spring 2018.
Jack Sewing Machine Co. plans to buy all of Finver SPA, 95% of Vinco SRL and 30% of ViBeMac SPA, giving it total equities of 100% and 80% respectively, for a total of EUR23.2 million. The acquisitions aim to expand Jack Sewing's product categories and customer base in Italy.
Electrolux announced plans to invest $250 million to modernize and expand its 400,000-sq.-ft. appliance manufacturing facility in Springfield, Massachusetts, creating 25 jobs and adding production of Frigidaire freestanding cooking products. Completion is expected in 2020.
Fives FCB was awarded an engineering, equipment supply and supervision contract for replacing the downstream shell of a 42.2m kiln at Eqiom's Lumbres cement plant in France, part of adapting Kiln 5 for a new clinker cooler.
Roscomac invested £750,000 in Citizen Machinery UK machines in 2017 and, after success with LFV technology on a Cincom L20-VIIILFV, ordered two additional Cincom machines (L20 and L12-VII) with LFV technology.
Dragon Products Group completed the acquisition of FabTech's assets from Nalco Champion, a division of Ecolab. FabTech designs and fabricates oilfield production equipment in Casper, Wyoming. Terms were not disclosed.
EagleTree Capital, on behalf of EagleTree Partners IV, acquired a majority stake in Rutherford, New Jersey-based Airtech Group, a maker of vacuum pumps, blowers, compressors and valves, from founder Tom Latsos and other management. Terms were not disclosed.
Kobelco Construction Machinery and Scania have partnered to deliver new 300t Series hydraulic crawler cranes equipped with Scania 13-liter low-emission industrial engines. The cranes will be distributed globally through Kobelco's dealer network.
MacGregor, part of Cargotec, completed its EUR 16 million ($19.8 million) acquisition of Rapp Marine Group (RMG), a deck handling equipment maker for fishery and research vessels. The deal was first announced in December 2017.
Hyundai Mipo Dockyard has contracted TMC Compressors of the Seas to supply marine compressed air systems for five 50,000 dwt product tankers being built for DSD Shipping at its Vinashin yard in Vietnam. Deliveries are due in 2019 and 2020. Contract value is undisclosed.
RL Components, a subsidiary of CAF, has been awarded a contract worth nearly €1 million to supply and install a wheel lathe for bogie maintenance for Metro Bilbao, including associated civil works.
Capital Equipment Group (CEG), a division of Invicta Holdings, has completed a R59-million assembly plant in Camperdown, KwaZulu-Natal. The 5,500 m³ facility is now fully operational, assembling agricultural and construction equipment and forklifts.
H&H Trailers, a division of Novae Corp., announced an expansion of its manufacturing operations with the addition of 50,000 square feet of production space to the facility in Red Oak, Iowa.
Höganäs AB has acquired 100% of Swiss tooling company Alvier PM-Technology, a manufacturer of high-quality tooling solutions for powder metallurgy. The acquisition took effect January 31, 2018.
Fujian Tietuo Machinery Co., Ltd. held a groundbreaking ceremony for a new asphalt mixing equipment production plant in Luojiang District, Quanzhou, Fujian. The project involves an investment of 300 million yuan (approx. $45 million) on 200 mu (13.3 hectares) of land, with a building area of 73,290 square meters.
NAI, a manufacturer of connectivity solutions, announced the planned opening of a new 25,000 sq. ft. factory in Gaylord, MI. Production will begin in June 2018, with plans to hire 40 employees in 2018 and 125 by 2019.
Pullman-based Decagon Devices and Munich-based UMS AG merged to form Meter Group Inc., combining their food and environmental sensor technology businesses. The merger was effective January 1, 2017.
Linamar Corporation completed its acquisition of 100% of MacDon, a manufacturer of agricultural harvesting equipment based in Winnipeg, Manitoba, Canada.
Vyncke acquired PetroBio, a Swedish family-owned company specializing in burner technology and boiler systems, as an independent sister company within the Vyncke holding group.
SCF Partners announced the strategic merger of its portfolio companies Centurion Group, Oil Patch Group, SITE Energy Services and Waste Treatment Solutions to create a combined Centurion Group, a global energy supply and infrastructure services company headquartered in Aberdeen, Scotland.
Manitex Valla moved to a new factory in Cortemaggiore, Italy, in February 2018, replacing its previous shared facility in Roveleto Di Cadeo.