Construction is underway on Linuo's high-performance control valve production and R&D project in Ruian, Zhejiang, with total investment of 350 million yuan. Completion is expected in 2022 with annual output value of 1 billion yuan.
Oslo-based offshore and marine compressor supplier TMC Compressors has appointed Christian Ness as CEO, succeeding Per Kjellin in a planned generational change. Kjellin stays on as advisor and joins the board.
Hengsheng Packaging, a Xinsheng Group subsidiary, signed a strategic cooperation agreement with Fosber Asia for a 2.5m Fosber Pro/Line corrugator. The deal is part of a planned packaging technology industrial park of nearly 1,000 acres in western China.
Linde Engineering won the contract to design and build an integrated hydrogen fueling station and electrolysis plant for AGR in Herten, Germany, with PEM electrolyzers and an annual output of about 440,000 kg of hydrogen. The project receives up to EUR 6.2 million in federal funding.
Weichai Power, through Weichai Power (Luxembourg) Holding, acquired a 49% stake in Switzerland's Fischer Fuel Cell Compressor AG and set up a joint venture in China with it. The transaction was advised by Niederer Kraft Frey.
Siemens has shipped the first train for Saudi Aramco's Hawiyah Unayzah Gas Reservoir Storage project, for which it won a deal to supply 20 compressor trains.
Atlas Copco Gas and Process has received an order from Plug Power for two nitrogen compressors and eight turboexpanders for two 15 TPD hydrogen liquefaction plants in Texas, due for delivery in Q2 2023.
Pennine Pneumatic Services (PPS) acquired Hull-based Norman Walker Machinery, a supplier of air compressors and pneumatics in East Yorkshire and North Lincolnshire, announced March 29, 2021.
DXP Enterprises completed its acquisition of Total Equipment Company (TEC), a distributor of aftermarket and service capabilities, announced March 29, 2021. Financial terms were not disclosed.
Lentus Composites installed a CompAir L45 compressor with dryer and filter pack at its Eynsham, Oxfordshire site, supplied by BCAS Limited. The solution is expected to cut compressor maintenance costs by 80 per cent.
Munters Group AB will invest $36 million in a 365,000 sq ft facility at Botetourt Center at Greenfield, Virginia, to replace its Buena Vista plant. The company plans to retain its approximately 200 workers.
Weichai Power, through its Luxembourg subsidiary, acquired 49 per cent of Swiss firm Fischer Fuel Cell Compressor AG and set up a joint venture in China in which both will hold shares. The deal was announced on 25 March 2021.
TMC Compressors has been contracted to supply a large marine compressed air system for the FPSO Anita Garibaldi, which will operate at the Marlim field in the Campos basin offshore Brazil; contract value was not disclosed.
The US Navy's Navfacsyscom Southwest office posted a sole-source justification for Gardner Denver air compressor systems to replace earthquake-damaged equipment at Naval Air Weapons Station China Lake, California.
REP Holding has shipped 15 sets of centrifugal compressors from its Nevsky plant under a contract with NPO Iskra, for gas-turbine compressor units serving Gazprom Dobycha Urengoy fields.
The European Commission approved Danfoss' $3.3 billion acquisition of Eaton's hydraulics business, conditional on Danfoss keeping commitments made to address competition concerns in mobile hydraulic components.
Hexagon Agility and Hexagon Purus, subsidiaries of Hexagon Composites, signed a multi-year agreement with Certarus worth up to USD 85 million for CNG and hydrogen distribution modules and fuel storage systems. Initial orders are USD 18.5 million for Hexagon Agility and USD 3.2 million for Hexagon Purus.
Altonaer Wellpappenfabrik in Tornesch near Hamburg will replace its finished goods palletizing system in spring 2021 and add a fully automated 4-color inline folding box machine in the second half of 2021. The company says it is investing over 10 million euros in quality and productivity across 2020/21.
Kobe Steel and Miura Co. signed a basic agreement on March 5, 2021 under which Miura would acquire 49% of Kobelco Compressors after the company split, making it a joint venture.
Kobe Steel announced on March 5, 2021 that it will transfer its standard compressor business to its wholly owned subsidiary Kobelco Compressors through a simplified absorption-type company split.
Nord-Lock Group expanded its Expander pivot business factory in Åtvidaberg, Sweden by 130% to 3,500 square metres, adding production, a technical center and high-volume order handling. The expansion is expected to let Expander increase its order volume eightfold.
Guangdong Hande Precision Machinery began construction on its Section 2 compressor industry park in Yuanzhou town, Boluo County, Huizhou, as part of a batch of 17 industrial projects. The reported investment for the project is about 1.2 billion RMB, and the event took place on 3 March 2021.
Atlas Copco has acquired Cooper Freer Ltd., a privately owned British compressed air distributor and service provider with 18 employees based in Leicester. The purchase price was not disclosed. The announcement is dated March 3, 2021.
Valmet agreed to supply a white cardboard line, a high-grade printing paper line and a BCTMP line to Liansheng Paper's new Zhangpu site in China, expected to start in Q3 2022, as announced on March 2, 2021.
Amarillo Gear has added a new Hyundai 600 mm horizontal machining center to its production line in Amarillo to increase capacity for pump drive and smaller cooling tower gearbox models. The article is dated March 2, 2021.
Brown Machine Group of Beaverton, Michigan acquired 100% of the stock of GN Thermoforming Equipment, a Chester, Nova Scotia maker of thermoforming equipment for food packaging, announced March 1, 2021.
Fan maker ebm-papst is investing almost EUR 20 million in three new buildings at its headquarters in Mulfingen and Mulfingen-Hollenbach, Baden-Württemberg, including R&D space and a machinery building. Construction is expected to take about 15 months for two of the buildings.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
Honeywell UOP selected GEA Refrigeration Technologies to supply engineered tail gas compression packages with GEA XH screw compressors. The packages are for the modernization of the Heydar Aliyev Oil Refinery in Baku, Azerbaijan.
KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.
Moog will invest $10.7 million to move existing jobs and equipment from Blacksburg to a larger building in Falling Branch Corporate Park in Montgomery County, Virginia, adding 80,000 square feet and 75 new jobs.
Regal Beloit and Rexnord agreed to combine Rexnord's Process & Motion Control segment with Regal through a tax-free spin-off and Reverse Morris Trust transaction, creating a power transmission provider with about $4.1 billion pro forma 2020 revenue and $120 million targeted annual cost synergies.
Schwing Stetter India inaugurated a new IoT-enabled global manufacturing facility at Cheyyar, near Chennai, built with an investment of ₹300 crore on a 52-acre site. The plant will employ about 130 people initially and serve as a global hub for concrete pumps, mixers and excavators.
Siemens Energy secured a contract from Técnicas Reunidas to supply 21 high-efficiency compressor trains for Saudi Arabia's planned Tanajib gas processing plant, which will process gas from the Marjan, Safaniyah and Zuluf oil field expansions.
Momentum Group agreed to acquire 100 percent of Öbergs i Karlstad AB, a Swedish pneumatics specialist with annual sales of about 50 MSEK and 12 employees. The takeover took effect on 5 February 2021.
Siemens Energy will supply 21 electric motor driven compressor trains for the expanding Marjan oil and gas field in Saudi Arabia, ordered via Technicas Reunidas for Saudi Aramco's Tanajib Plant. Packaging will be done at Siemens Energy's Dammam facilities.
MCE, a fluid power and lubrication supplier based in Zelienople, Pennsylvania, acquired Swanson Flo, a regional distributor of process instrumentation and flow control valves based in Plymouth, Minnesota, with 92 employees.
TMC of Oslo won a contract to supply the complete compressed air system for the Bacalhau FPSO being built by MODEC for Equinor. The FPSO will be deployed at the Bacalhau field offshore Brazil. The contract value was not disclosed.
Corken Inc. will expand its Oklahoma City facility and relocate operations from Chicago, consolidating with Liquid Controls under the name Advance Flow Solutions. The plan creates 120 jobs over five years and seeks an incentive of up to $300,000 from the city.
Sundyne expanded its manufacturing and testing facility in Dijon, France by 1,200 square metres, adding space for package assembly and full unit tests on larger machines. The expansion was announced on 2 February 2021.
Sullair completed a roughly $30 million expansion in Michigan City, Indiana, including a new 80,000-square-foot fabrication shop that increased compressor manufacturing capacity and added more than 25 full-time jobs. The project was completed in February 2021 and reported on its first anniversary.
Busch Vacuum Solutions USA acquired the vacuum pump, blower and service business of Jennings Associates (dba Jennings Alberts), a distributor in the Eastern Central Region of the US. Jennings Alberts co-owners Bill Altier and Lisa Dugery joined Busch as managers.
Ingersoll Rand completed its acquisition of Tuthill Vacuum and Blower Systems, a division of Tuthill Corporation based in Springfield, Missouri, for $184 million in cash. The unit makes MD Pneumatics and Kinney Vacuum Pump products.
Renewcell signed an agreement for Valmet to supply main equipment for its planned 60,000-tonne-per-year textile recycling plant at Ortviken industrial area in Sundsvall, Sweden. The order value is about EUR 25 million, with production planned from the first half of 2022.
Shape Technologies Group completed its acquisition of Riverstone Waterjets, which will be rebranded Riverstone Pressure Systems and join Advanced Pressure Systems in its Waterblast Group. The Leduc, Alberta business supplies high-pressure products, hose assemblies and pumps in Canada.
Parker Hannifin has installed an automation cell at its Sheffield, UK site that makes cryogenic valves, costing around US$500,000. The cell combines a bar feeder, a DMG MORI CNC lathe and an ABB Flexloader robot to cut setup times.
Atlas Copco has acquired DGM SRL, a privately owned Vicenza-based distributor of compressed air equipment and services serving industrial customers in Italy's Veneto region. The price was not disclosed.
State-owned South Gas Co. awarded Baker Hughes Turbomachinery & Process Solutions a contract to design, build and commission a 200-MMcfd natural gas processing plant in Dhi Qar Province, Iraq, to process flared gas.
Enerflex Middle East was awarded a gas compression services contract for phases 1 and 4 in Bahrain by Tatweer Petroleum, valued at BHD 64,150,253 (USD 169,709,667), covering equipment, installation and services.
Burckhardt Compression signed the contract to acquire the remaining 40% stake in Shenyang Yuanda Compressor, a China-based compressor maker with about 650 employees, on January 25, 2021. Closing was expected within two weeks, and the purchase price was not disclosed.