ABCO Automation signed a Value-Added Reseller agreement with Visual Components to add 3D manufacturing simulation software to its service offerings.
Sungwoo Techron signed a supply contract with LG Chem for PACKING M/C AOMM-type developed products and small pouches, worth about 6.52 billion KRW, announced on November 24, 2017. The contract period runs until June 30, 2018.
Sungwoo Techron signed a supply contract with LG Chem for a developed PACKING M/C AOMM-type machine and small pouches, worth about 6.52 billion KRW. The contract runs from November 24, 2017 to June 30, 2018.
Dean Machinery Co. is developing a larger facility in Kansas City, Missouri, to replace its 46-year-old Caterpillar sales and repair shop, with cranes and hoists supplied by R&M Materials Handling via ACCENT Sales and Service.
Berger Holding expanded its Ummendorf site by adding 5,000 sq.m. of floor space. The new ultra-advanced plant was opened in 2015 and now covers 12,000 sq.m.
Siemens' Industry Automation division expanded its Hagueneau production site with a 10,000 m² extension and an investment of nearly 11 million euros. Siemens entrusted Fives Syleps for automation of the control process.
Godrej Appliances is investing Rs 200 crore to expand production capacity at its Shirwal manufacturing plant, adding 1.6 lakh sq. ft. and creating 400 jobs. The expansion will boost capacity for premium products including frost-free refrigerators and washing machines, and is expected to be operational by end of 2019.
Instalco's subsidiary ORAB Entreprenad AB was awarded a SEK 40 million contract for piping installations for the expansion of BillerudKorsnäs' Gruvön paper mill. The project is expected to start in January 2018.
Bajaj Steel Industries received an order worth USD 7,005,591 from the Egyptian Holding Company for Cotton for three ginning plants based on Rotobar Ginning Technology.
Star Cutter Company launched the NTG 6RL, a new 5-axis tool and cutter grinding machine based on NUM's Flexium+ CNC platform, for high-speed production and reconditioning of cutting tools.
Xuzhou Handler Special Vehicle was listed as a successful bidder in State Grid Corporation of China's 2017 second vehicle competitive negotiation procurement, winning 22 packages with a total value of approximately 91.5 million yuan.
Bobcat began production of the Next Generation R-Series Excavators (E85) at its Bismarck, North Dakota facility, creating over 200 new jobs. The excavators were previously imported from South Korea.
Manitou will invest €12 million in a new paint shop at its Aubinière site in Ancenis, France, with two lines for powder coating, scheduled for commissioning by end of 2019 or early 2020. An additional €2 million is planned for welding and assembly equipment at Laillé.
TruForm Manufacturing installed new production equipment to service medical customers, adding 21 new jobs and retaining 40 others, with $500,000 total project cost and $350,000 in state incentives.
ClearSign Combustion Corporation launched ClearSign Asia, LTD in Hong Kong and received a Letter of Intent from TG CITIC Environment Investment Group for investment and market access in China.
Elevator and escalator company KONE announced the opening of a larger office in Noida, Uttar Pradesh, to enhance service levels and prepare for growth. It also entered an agreement with IBM to use Watson IoT Cloud Platform.
Morbark, LLC has completed the acquisition of Rayco Manufacturing Inc., a manufacturer of tree care and environmental equipment. Rayco's CEO John M. Bowling will continue with the combined business and join Morbark's board.
Chiron Group has started construction of a new factory in Taicang, China, with an investment of over EUR 10 million. The first phase includes a 14,000 sqm building and 190 employees, targeting automotive, medical technology, and aerospace sectors.
Integrated Flow Solutions provided McDermott International with the design, fabrication, testing and inspection of an Instrument & Utility Air Package for BP's Angelin development offshore Trinidad.
Martin Inc. has agreed to acquire the assets of Ameritool Inc., a wholesale distributor of industrial machinery and equipment based in Huntsville, Alabama. The acquisition supports Martin's geographic expansion strategy.
Continental acquired Advanced Imaging Technologies (PTY) Ltd., a South African company specializing in x-ray and magnetic imaging systems for conveyor belt damage detection. The purchase price was not disclosed.
C&B Operations LLC signed a letter of intent to acquire Farm Equipment Sales, a John Deere dealership serving Northeast Montana for 53 years.
Siemens Canada invested $10 million (2014-2017) in its Peterborough, Ontario facility, including a new North American distribution centre, air exchange systems, and new manufacturing equipment for process instrumentation.
GE Additive acquired GeonX, a privately-owned developer of simulation software based in Belgium. Terms of the deal were not disclosed.
Emerson Electric proposed to acquire Rockwell Automation for $225 per share in a cash and stock transaction valued at $29 billion. The proposal consists of $135 per share in cash and $90 per share in Emerson stock.
Ideal Standard-Vidima officially opened new robotic glazing lines and presses at its ceramics plant in Sevlievo, Bulgaria, as part of a 70 million leva investment program (2017-2019). The expansion increases capacity by 250,000 units per year to a total of 2,550,000 units.
Geringhoff Corp. will invest $520,000 and hire 20 workers to add a second assembly line at its St. Cloud factory, increasing production of combine headers and starting a new line for small grains.
Kubota plans to increase annual production capacity of compact track loaders at its Sakai plant to 13,000 units by 2019, a 30% increase, with an investment of about ¥1 billion.
Samick THK announced a new facility investment of KRW 20.8 billion to build a plant in Pyeongtaek, South Korea, for mechatronics business expansion and capacity increase, from November 15, 2017 to October 31, 2018.
Sugino Machine held the completion ceremony of a new assembly plant in Namerikawa, Toyama Prefecture, with an investment of about 2.7 billion yen. The three-story plant has a total floor area of 7,800 m² and will produce machining centers and ultra-high pressure washing machines.
Ivalua, a cloud spend management company, acquired Directworks, a provider of cloud-based direct materials management for manufacturers. The acquisition aims to enhance Ivalua's capabilities in managing direct materials and supplier collaboration.
Weber Manufacturing Technologies Inc. is investing $8 million in equipment, including a $3.2 million five-axis milling machine, to expand its technological capabilities and increase efficiency by 30%.
INTERTEC Instrumentation opened a new facility in Houston, tripling the size of its US-based manufacturing plant and offices to 22,000 square feet of covered space plus 20,000 square feet outdoor, adding shelter building services for outdoor process equipment protection.
PAZ Ashdod Refinery awarded Burckhardt Compression a revamp of its hydrogen process gas compressors to meet stricter Israeli HSE rules. The project was concluded in 2017 with the compressors running successfully.
Novo Nordisk awarded Emerson a $40 million automation systems and services contract for its new $2 billion drug manufacturing facility in Clayton, North Carolina, targeting operational readiness by 2020.
Global private equity firm OpenGate Capital completed the acquisition of AICO S.p.A. as an add-on to its earlier acquisition of Jøtul Group. The deal aims to create synergy between Jøtul Group and AICO in the domestic heating industry.
Sanlian Hongpu, through its subsidiary Sanlian Materials, agreed to acquire 80% of Polymetrix Holding AG from Bühler Holding AG for CHF 20.56 million, expanding into industrial yarn, PET bottle chip, and plastic recycling markets.
SW North America Inc. dedicated its new 40,000-square-foot, $12 million manufacturing facility in New Hudson, Michigan on November 10, 2017. The facility will employ 50 people and serve the automotive, industrial, aerospace, defense, and other sectors.
IOR SA awarded a contract worth RON 1,805,000 to Greenbau Tehnologie SRL for the supply of CNC equipment, including vertical milling centers, lathes, and EDM wire cutting machines, along with installation and training services.
Ohio Transmission Corp. acquired PK Controls on November 10, 2017. No financial terms were disclosed.
IHI Transport Machinery (IHI運搬機械) will construct a new building at its Numazu factory in Shizuoka, Japan, to consolidate assembly operations for mechanical parking equipment, investing several hundred million yen to improve productivity by 20-30%.
Beijing Sanlian Hope Shin-Gosen Technical Service acquired 80% of Swiss polymer plant builder Polymetrix AG from the Bühler Group, which keeps 20%. Closing is expected at the beginning of 2018.
Nuovo Pignone inaugurated a new production line for gas seal panels for centrifugal compressors at its Massa plant in Tuscany. The investment of about EUR 12 million also renovated the site.
Sonatrach and Baker Hughes General Electric signed a contract to create a joint venture in Arzew, Algeria, to manufacture oilfield equipment. Initial investment is $45 million, eventually reaching $200 million.
L&M Radiator Inc. is building an $18 million, 100,000-square-foot manufacturing plant at its headquarters in Hibbing, Minnesota, replacing five old buildings. The project is underway.
Grohe opened a new zinc die-cast factory in Klaeng, Rayong, Thailand, as part of a production expansion. The facility will increase capacity to 12 million parts per year by 2021 and create 800 new jobs. Total investment exceeds US$30 million.
Semperit Group spent EUR 20 million to expand its Semperflex Optimit hydraulic hose production in Odry, Czech Republic, increasing capacity by about one-third and creating high double-digit jobs.
Niles-Simmons-Hegenscheidt (NSH) has begun construction of a new machine tool plant in the Technopolis Moscow special economic zone in Zelenograd, Russia. The company is investing about 1.6 billion rubles (€23 million) and plans to create 150 jobs, with production capacity reaching 47 machines by 2022.
Camloc Motion Control has invested in a new Sprint 32|8 CNC lathe from DMG Mori to increase production capability and flexibility at its Leicester facility. The lathe was installed in September 2017 and is now fully operational.
Sonatrach and Baker Hughes, a GE Company, created a joint venture, 51% Sonatrach and 49% Baker Hughes, to produce oil and gas equipment in Algeria. The 20,000 m2 industrial complex in Oran carries a joint investment of $45 million and is expected to be operational in December 2019.