Sonatrach (51%) and Baker Hughes, a GE company (49%), formed a new company to build a 20,000 sqm manufacturing facility in Arzew Industrial Zone, Algeria, for wellheads, Christmas trees, BOPs and valves, with an initial investment of USD 45 million and 200 local jobs, expected operational in December 2019.
Ramsey Industries, a manufacturer of service cranes and winches, received a significant capital investment from Norwest Equity Partners. The transaction closed on November 6, 2017; financial terms were not disclosed.
Wacker Neuson signed an agreement to acquire the KLC dealership in Slovakia, expanding its direct sales network in Central Europe. The deal is expected to close before the end of 2017; the purchase price was not disclosed.
Hennecke GmbH agreed to acquire all shares of OMS Group, a polyurethane processing machinery and plant maker, with the sale expected to become legally effective at the end of December 2017 and all jobs and sites retained.
Guilin Golden Eagle signed a contract with Guilin HBM Healthcares to supply condom and glove production equipment for a new factory in Su Bridge Industrial Park, Guilin Economic Development Zone. The project includes four condom production lines and two medical glove production lines.
Atlas Copco's Mining & Rock Excavation Technique Business Area and Construction Tools Division become part of a new company, Epiroc, dedicated to mining and civil engineering, with Per Lindberg as CEO. Epiroc remains a subsidiary of Atlas Copco and is planned to be listed in 2018.
Unison Ltd, a manufacturer of tube bending machines, entered a joint venture with Pneuform Machines Ltd, leading to full integration within the Unison family. The venture adds small diameter tube and wire bending machines to Unison's portfolio.
Hungarian machine toolmaker Spinto Hungaria is investing 5.9 billion forints (EUR 19m) at its base in Miskolc, Hungary, creating 140 jobs. The government is supporting the investment with a 2.4 billion forint grant.
Standard Calibrations, Inc. will invest more than $508,500 to expand its engineering operation in Chesapeake, Virginia, creating 150 new jobs.
Okuma Corporation opened its second state-of-the-art smart factory, Dream Site 2, at its headquarters in Oguchi-cho, Aichi Prefecture, Japan. The €8 million investment further increases automation and efficiency for producing parts for small- and medium-sized lathes and grinders.
Parker Hannifin has offered the US Department of Justice concessions, including selling the aviation fuel filtration business, to address the agency's post-closing challenge to its $4.3 billion Clarcor acquisition.
Clayton, Dubilier & Rice funds agreed to acquire a majority stake in SunSource Holdings, a distributor of hydraulic and pneumatic fluid power products in the US and Canada. Terms were not disclosed.
Dewulf and Miedema, which signed an acquisition agreement in November 2014, have completed their merger and adopted Dewulf as the new official company name. The combined entity is a leader in potato and root crop machinery.
Road Machinery & Supplies Co. (RMS) acquired TriTec, a fabrication and engineering business, on November 1, 2017, and the merged entity operates as RMS TriTec. Facility improvements were made at the TriTec site.
Russian-German joint venture NSKh RUS will build a high-tech metalworking machine tool production facility in the Zelenograd special economic zone, investing 1.63 billion rubles. The plant is expected to create over 150 jobs and reach first operating profit by 2020.
MinebeaMitsumi Inc., through its subsidiary New Hampshire Ball Bearings, signed a Stock Purchase Agreement to acquire all shares of C&A Tool Engineering, Inc., a manufacturer of high-precision parts for medical, aerospace, defense, fuel system and industrial markets.
Continental has acquired Custom Machining Services, Inc., a Valparaiso, Indiana maker of hose assembly equipment, crimpers and dies, to expand its industrial hose services. Terms were not disclosed.
Weir Oil & Gas Dubai has reportedly been awarded a contract by Eni Iraq BV to provide global maintenance services for 30 gas compressors at three Initial Production Facilities in the Zubair oil fields in Southern Iraq.
Briggs & Stratton will move production of commercial Vanguard V-Twin engines from Japan to its Statesboro, Georgia plant, investing $18 million and adding more than 50 jobs. The expansion will also add approximately 55 additional jobs for increased single-cylinder engine production.
Rongtai inaugurated its high-technology tool design and manufacturing plant in Leon, Guanajuato, Mexico. The company is developing a US$40 million investment project, expected to reach US$60 million upon completion, and will generate 450 direct jobs over five years.
Kyocera signed a share transfer agreement to acquire 80% of a newly established company, Kyocera Industrial Tools Corporation, which will inherit Ryobi's power tool business. The acquisition is expected to close in January 2018.
Pronar, a leading agricultural machinery manufacturer, opened its seventh production hall in Hajnówka, Poland, with a total area of 90,000 m², aiming to eventually employ 400 people to produce axles for trailers and tracked machines.
General Electric is exploring options to divest GE Transportation, which builds locomotives in Fort Worth, Texas, including a spin-off or sale. The plant employs about 600 workers.
Bidell Gas Compression has completed a $2 million renovation of a former machine shop in Weirton, West Virginia, to build gas compression equipment for customers in the tri-state area. The plant employs about 30 people and plans to reach around 200 at peak operations.
Bharat Fritz Werner (BFW) announced a major facility expansion at its Hosur and Bangalore locations, with the first phase covering 30,000 sq. meters and the second phase expanding to 60,000 sq. meters, to double machine building capacity.
KSCRANE is constructing a European-type double beam line workshop at its north campus in Xinxiang, Henan, China, with an estimated investment of 150 million yuan RMB and a building area of over 25,000 square meters.
The Hewitt Group announced the completion of the sale of its business to Toromont Industries as of October 27, 2017. Hewitt Equipment is the authorized Caterpillar dealer for Quebec and Western Labrador, and through its subsidiary Atlantic Tractors & Equipment, for the Maritime Provinces.
Pointe Precision, a contract machine shop in Plover, Wisconsin, recently purchased and installed two Multus U3000 machines from Okuma America to support its aerospace work.
Russian Electric Motors (REM JSC), a joint venture of Transneft and Konar Invest, will build a plant at the Stankomash Industrial Park in Chelyabinsk to produce high-tech electric motors. The plant will be put into operation in 2018, with total investment exceeding 9 billion rubles, creating 352 jobs.
JSC Star-gear signed a contract with TOS Varnsdorf-RUS to supply a Czech horizontal boring and milling machine with Siemens Sinumerik 840 D s1 CNC system, costing 82 million rubles. Delivery and training are due by December 30, 2017.
RUCKS Maschinenbau GmbH was awarded a contract by Sächsisches Textilforschungsinstitut e. V. for the supply of an interval hot press system for manufacturing organic sheets, valued at EUR 972,267. The award was granted on 2017-10-26.
DMG Digital Enterprises GmbH and Dentalica Spa acquired a stake in Sharebot, an Italian 3D printer manufacturer, to strengthen its position in 3D printing.
RM-Tereks, part of Russian Machines, announced the start of serial production of TX 270 and TX 300 heavy crawler excavators at its TVEKS plant. The company plans to produce 15 units by the end of 2017, with an annual capacity of 315 units.
BD broke ground on a $60 million, 69,000 sq. ft. expansion of its Columbus-East facility in Nebraska, transforming it into a flagship plastic injection molding plant. The project is expected to be completed by 2021.
Liaoning Zhongwang Group, the world's second-largest aluminum profile R&D manufacturer, placed an order with Shenyang Machine Tool for 28 vertical machining centers, with a total contract value of over 12 million yuan.
Hefei Risever Machinery Co., LTD will build a new manufacturing plant in Jonesboro, Arkansas, its first in the United States, with a $20 million investment and 130 new jobs, targeting an annual production capacity of 18,000 tons of steel.
J A Harrison officially opened a £2.8 million gasket and seal manufacturing facility on the Greengate Industrial Estate in Middleton, Oldham, which has already created 12 jobs and is expected to create 30 more over three years.
Brennan Industries Inc. announced the acquisition of Versa Fittings Inc., a Canadian manufacturer and distributor of fittings and tubing. The deal unites 11 distribution centers and 2 manufacturing centers across the U.S. and Canada.
RM-Terex, part of Russian Machines, began serial production of TX 270 and TX 300 crawler excavators at its TVEKS plant in Tver, Russia, targeting the 20-30 ton construction and road machinery segment.
Shenzhen Liande Automation Equipment Co., Ltd. signed an investment agreement to acquire a 51% stake in Huayang Precision Machinery Co., Ltd. for a total of 22 million RMB (approximately 101.2 million NTD), through share purchase and capital increase.
Henkel will launch a multi-million euro 3D printing facility in Tallaght, Ireland, focusing on materials for industrial vat polymerization techniques. The facility will employ 40 scientists and engineers.
KONE won an order to supply 21 elevators and 4 escalators to the Olderfleet development at 477 Collins Street in Melbourne, Australia, including elevators with KONE UltraRope technology.
Turkish company Baykal Machine Tools received an order in Japan for a press brake with a pressing capacity of 1250 tons and bending length of 10 meters, one of the largest in the country.
Norsk Saneringsservice signed an order on October 20, 2017 for seven new Cat machines and equipment, including a 323 Next Generation and the world's first Cat MP322 crusher jaw. The order was announced on November 24, 2017.
Alfa Laval plans to invest at least $15 million to build a 68,000-square-foot competence center in Broken Arrow, Oklahoma, to manufacture spiral and air-cooled heat exchangers. The project will create about 100 jobs and is expected to be completed by late 2018.
Nevyansk Machine-Building Plant's compressor equipment unit was named the winner of two tenders from Irkutsk Oil Company to supply a modular nitrogen compressor station and three modular gas compressor stations for the Yaratkin field in the Irkutsk region. The announcement is dated 20 October 2017.
LPW Technology has opened a new £20 million state-of-the-art metal powder manufacturing facility near Liverpool, UK, designed to produce clean titanium, nickel, cobalt, aluminum, and steel alloys for additive manufacturing.
Stanley Black & Decker is planning to open a massive 300,000 sq ft manufacturing plant in the US, increasingly integrating robotics and 3D printing into its manufacturing processes.
Lincoln Electric plans to expand its automation manufacturing capabilities by enlarging its facility at Wayne Trail, Ohio, nearly doubling its size to support larger-scale projects and future growth.
TBS Engineering, a UK-based lead-acid battery machinery maker, is expanding with a new purpose-built facility in Gloucestershire costing £15 million ($19.6 million). The 100,000 sq ft facility will become operational in spring 2018 and will serve as the global head office.