Rheinmetall Denel Munition (RDM) has been awarded a €28 million contract for Plofadder mine clearing systems and a €65 million contract for ammunition from an international customer.
Manitou agreed to acquire Terex Equipment Private Limited (TEPL), which manufactures backhoes, skid steers and wheel loaders in Greater Noida, India. The business had revenue of €30 million ($32 million).
Valmet will supply a fine paper line (PM 1) for Ittihad International Investment L.L.C. in Abu Dhabi, UAE. The greenfield line will produce printing and writing paper, with start-up scheduled for end of 2018.
Cavalier Tool & Manufacturing Ltd. formally opened a $9-million, 22,000-square-foot advanced manufacturing facility in Windsor, Ontario, on March 29, 2017, with plans to hire 20-30 new employees.
Kunshan Outong Precision Equipment Co., Ltd., invested by Czech Tajmac, Irish Muantron, British Wickman and US JT, held a groundbreaking ceremony for a new factory in Kunshan German Industrial Park on March 29, 2017, to produce multi-axis CNC lathes.
Towimor SA will supply mooring and anchoring winches for six 21,100 TEU containerships under construction at Samsung Heavy Industries for OOCL.
Valmet will supply a complete fine paper line (PM 1) to Ittihad International Investment's greenfield mill in Abu Dhabi, UAE. The 7,100 mm wide machine will produce uncoated woodfree paper with a design speed of 1,700 m/min and daily capacity of 1,200 tonnes.
Guangxi Yuchai Machinery Company and MTU Friedrichshafen have established the 50/50 joint venture MTU Yuchai Power Co. Ltd. in Yulin, China, to produce MTU Series 4000 diesel engines under license for oil and gas and power generation industries.
Severstal selected Hanwha Techwin as supplier of electric compressors for the Cherepovets Iron and Steel Works, with assembly and commissioning included. The project costs 900 million rubles and is scheduled for completion by the end of 2018.
Geismar, a manufacturer and distributor of railway maintenance equipment, is launching new operations in Beaufort, South Carolina, with $2.9 million capital investment and 50 new jobs.
Honeywell secured a $243 million contract to modernize the US Air Force's Tinker Air Force Base in Oklahoma City, including upgrades to production facilities, chillers, lighting, wastewater systems, and steam heating.
Shimifrez Inc. is investing $750,000 in an expansion at its new facility in Vaughan, Ontario, creating 8 jobs. The company fabricates precision photo chemically etched and electroformed micro metal components.
Proventia and AGCO International GmbH signed a joint R&D collaboration agreement for development of Stage V-compliant exhaust aftertreatment systems for AGCO Power engines. Proventia will provide research, development, engineering, and testing.
Sulzer was selected to provide maintenance and repair services for ABB medium and high voltage motors and generators in the UK, operating from service centers in Birmingham and Falkirk.
Modig Machine Tools will build a new large facility in Kalmar, Sweden, relocating from Virserum due to space constraints. The plant will serve customers like Boeing and Airbus.
JUARISTI has been selected by ODEBRECHT to supply an MX9RAM boring-milling machine for machining components of submarines to be built at the new Itaguaí shipyard for the Brazilian Navy.
Signum Technology, backed by Phoenix Equity Partners, has acquired industrial filter and strainer maker Vee Bee Filtration of Stourbridge for an undisclosed sum. The deal was reported on 28 March 2017.
Weingartz Supply and Ball Equipment, two Michigan outdoor power equipment retailers, have formed a joint venture called BW Retail Solutions to consolidate e-commerce operations. The venture will operate from a 45,000-square-foot warehouse in Chesterfield, Michigan, and is expected to hire 6-10 additional workers immediately.
NIT has been selected by Vard Accommodation to supply all public interior areas for two new expedition vessels operated by Hapag-Lloyd Cruises. The total area is approximately 6,000 m² per ship, with deliveries scheduled in 2019.
IHI Corporation has concluded a transfer agreement with Iknow Machinery Co., Ltd. to transfer its marine deck crane business (deck cranes, mooring machines). The transfer date is scheduled for May 1, 2017.
Progressive Recovery, Inc. (PRI) is breaking ground on an expansion building alongside its manufacturing plant in Dupo, Illinois, for completed equipment storage and minor equipment assembly. The 100,000 cubic feet steel frame building is targeting completion by end of May/early June 2017.
TRUMPF Werkzeugmaschinen Teningen GmbH held a groundbreaking ceremony for a new warehouse and production hall on a 3,700 square meter site. The EUR 7 million investment will house the main assembly line for bending machines, plate shears, and automation units, with completion planned for spring 2018.
S&K Aerospace, a subsidiary of S&K Technologies, received a $4.2 billion contract from the U.S. Air Force for procurement and logistic support for aging weapon systems. The contract may extend to 15 years and add 100 employees.
KBA-Flexotecnica, the Italian subsidiary of Koenig & Bauer, has sold several CI flexo presses for packaging printing in early 2017. Customers include Spanish printer EMSUR SPO, which bought an EVO XD N, and Mondi Kutno in Poland, which is building an EVO XG LR.
Emerson opened an advanced additive manufacturing center at its Singapore campus to support innovation and accelerate product development for customers in Asia Pacific and globally. It is Emerson's second such center, complementing its Marshalltown, Iowa facility.
Diecut UK reached an agreement with Fyne Packaging for the exclusive selling rights of Fyne's box-making machinery, including the Harrier and Vulcan box makers and the Hawk slitter/creaser.
Toptec signed a 59.4 billion won manufacturing equipment supply contract.
SFA Co. Ltd. disclosed a single sale/supply contract for manufacturing equipment worth 395.9 billion won, signed on March 22, 2017.
Lovsuns Tunneling Canada Ltd. delivered a refurbished 6.5-m EPB TBM for the Istanbul Metro M7 extension, which started a 4-km drive in late 2016 in the Kabatas area.
SW Group invested €17.5 million to build a new factory in Suzhou, China, serving as its first overseas plant for multi-spindle machining centers.
Electrolux Poland has begun another expansion of its factory in Siewierz, where vented and condenser dryers are produced. The expansion will add about 7,300 sqm of production and warehouse space, with construction by Rembor General.
Huazhang Technology's indirect wholly-owned subsidiary Zhejiang Huazhang Technology signed a framework contract with Anhui Xiaoxian Linping Paper for a 5600 paper machine project worth approximately CNY 299 million. The contract became effective on March 21, 2017, and is expected to be completed by June 30, 2018.
Weichai Power Co., Ltd. invested $60 million to acquire 40.71% of Power Solutions International Inc. (PSI), a US-listed engine manufacturer, becoming its largest shareholder. The deal includes an option to increase the stake to 51% after 18 months.
Transneft is constructing a high-voltage electric motor plant in the Chelyabinsk region, with the building envelope expected to be completed in March 2017. The plant, a joint venture with KONAR, will produce up to 300 motors per year with an investment of 10 billion rubles from 2016-2018.
Sussex Wire, Inc. announced the acquisition of Marox Corporation, a provider of CNC precision machined orthopedic implants and aerospace components, backed by Argosy Private Equity.
GEDA plans to build a new production facility on a 50,000 sqm site in Asbach-Bäumenheim, Germany, with construction start expected in 2018.
American Private Equity, a subsidiary of AFLG Holdings, has acquired HIDRALMAC, a manufacturer of high pressure custom hydraulic machinery in Araraquara, Sao Paulo, Brazil. The deal was announced on 20 March 2017 and no value was disclosed.
LOESCHE sold five large vertical roller mills to SARL Biskria Ciment for its cement plant in Biskra, Algeria. Three cement clinker mills have been delivered, with commissioning planned for late 2017.
Emerson sold its factory in Oradea, Romania, to Japanese company Nidec Corporation. The plant employs about 215 people for Leroy-Somer and Control Techniques.
N&W announced the completion of its acquisition of Saeco Vending S.p.A., which also grants N&W licenses to use the Saeco and Gaggia brands in the professional coffee machines market.
Siemens Australia strengthened its distribution partnership with Colterlec to include an automation portfolio and associated products, expanding Siemens' footprint in suburban and regional locations across Australia.
FPT Industrial signed a long-term partnership with Liebherr Machines Bulle to supply tailor-made NEF series N45 engines for its construction machinery portfolio.
Hitachi Construction Machinery will restructure its factories in Oosterhout and Amsterdam to increase efficiency. Oosterhout will focus on mini and compact excavators, increasing production by over 50%, while special application machines move to Amsterdam. Completion by April 2018.
Solstad secured a 90-day firm contract (with 60-day option) with Repsol Sinopec Resources UK for the offshore construction vessel Normand Jarstein, starting end-April 2017.
Vard Group delivered the light construction/IMR vessel Far Superior, built by Vard Vung Tau in Vietnam, to Farstad Shipping. The vessel has a five-year contract with TechnipFMC Norge for subsea work.
Imas, manufacturer of Milleral and Viteral machinery solutions for the flour, semolina and feed milling industries, has opened a new factory in Konya, Turkey.
FPT Industrial signed a long-term partnership to supply Liebherr Machines Bulle with tailor-made Tier 4 final / Stage IV NEF N45 engines equipped with its HI-eSCR system for construction machinery.
Atlas Copco has started production at its new 180,000 sq. ft. facility in Rock Hill, South Carolina, with the first XAS 185 portable air compressor, replacing its original Rock Hill site.
Haydale Graphene Industries' subsidiary Advanced Composite Materials LLC entered a four-year sole supply agreement worth over US$2.6 million to supply silicon carbide micro-fibre to a global industrial manufacturer of tooling and wear-resistant solutions.
Dorner Holding Company announced a new partnership with EQT Mid Market US fund, succeeding previous partner Incline Equity Partners.