Kwang Jo ILI is building a second factory extension at its headquarters in Yangsan, South Gyeongsang, to produce ball, butterfly, check and needle valves. Operations are targeted for November 2022.

Parker Aerospace in Irvine, California was selected by the Sikorsky-Boeing team to supply hydraulics and flight control components for its Defiant X entry in the US Army's Future Long-Range Assault Aircraft competition. Financial terms were not disclosed.

Avingtrans subsidiary Hayward Tyler, Inc. secured two nuclear safety spare-parts contracts worth a total of US$7 million from Korea Hydro & Nuclear Power, to be completed before June 2023. The parts are for Nuclear Service Cooling pumps in South Korean reactors.

Winnellie Valve & Process was awarded a supply contract for 885 initially, rising to over 1,000 valves for the East Rockingham Waste to Energy plant in Western Australia. The plant is valued at $511 million and will generate 29MW of renewable baseload power.

Parent company KSB Mining invested $44 million to expand GIW's slurry pump manufacturing plant in Grovetown, Georgia, which added a foundry expansion of 77,000 square feet and two new furnaces. A ribbon-cutting for the expanded plant was held on Wednesday, most likely 6 April 2022.

Cork-based EPS Group acquired Dublin-based Industrial Pumps and Process (IPP) Ltd, a supplier of pumping equipment to building services and industrial sectors. The deal extends EPS into Dublin and supports its data centre strategy.

Fairbanks Morse Defense, through its subsidiary Hunt Valve, was awarded a contract worth about $2 million by Newport News Shipbuilding to supply parts for the Ford-class aircraft carriers CVN 78 to CVN 81. Deliveries are due in Q2 and Q3 2022. The company announced it on 5 April 2022.

Audax Private Equity completed a strategic growth investment in Flow Control Holdings, a Chicago-based supplier of sanitary and high-purity flow components for food, beverage and pharmaceutical producers. Financial terms were not disclosed.

Fairbanks Morse Defense, through its Hunt Valve unit, was awarded a contract of about $2 million by Newport News Shipbuilding to supply valves and actuator parts for Ford Class aircraft carriers CVN 78 to CVN 81, for delivery in Q2 and Q3 2022.

ITT Inc bought Habonim, a valve manufacturer based in Kfar HaNassi, Israel, in an all-cash deal valued at US$140 million. Habonim becomes part of ITT's Industrial Process segment.

Finnish paper-industry equipment maker Valmet completed its merger with valve company Neles on April 1, 2022, creating a combined company with valve and automation operations.

LPW Group, a Wynnchurch Capital portfolio company, announced the acquisition of El Mar Ventures and its subsidiaries and Advanced Industrial Technologies. The Houston-based combined business makes specialty valves, pneumatic actuators and gears under the Ladish, Smith, AIT and Diamond Gear brands.

AES Engineering Group acquired a controlling stake in Stevco Seals & Pumps and Australian Engineering Sales & Service, forming AESSEAL NSW Pty Ltd in New South Wales. The price was undisclosed and the deal was completed on March 31, 2022.

Neles Corporation and Valmet Oyj completed their merger, with trading in the new Valmet shares starting April 1, 2022. The Finnish Financial Supervisory Authority had approved a supplement to the merger prospectus.

Diaphragm valve maker NDV has given Kaiser the EPC contract for its new factory project in Tianjin, China.

Fidelium portfolio company Evamo acquired the steering and transmission pump business of Bosch Automotive Steering through a carve-out, with NETWORK advising on the external financing. Evamo has about 900 employees across six sites.

IDEX Corporation signed a definitive agreement to acquire KZ Co. (KZValve), a Nebraska maker of electric valves and controllers for agriculture, expected to close in Q2 FY2022.

Sulzer opened a new service center in Vadodara, Gujarat, offering repairs, upgrades and parts manufacturing for pumps, steam turbines and compressors across 10,500 sq ft.

Amarinth delivered custom compact API 610 vertical in-line pumps via Gas Arabian Services for SABIC's Yanbu petrochemical refinery in Saudi Arabia, meeting a tight 30-week schedule.

Hayward Tyler, Inc. was awarded a multi-million dollar contract to supply variable drive booster pumps for the ITER fusion project. The pumps will be designed, built and tested at its Colchester, Vermont facility.

Energy Steel was awarded a multi-million dollar contract to supply 62 solenoid valve and cubicle packages for the ITER fusion project in France. The packages will be part of the primary cooling water system.

Amarinth delivered a bespoke compact API 610 vertical in-line pump order via Gas Arabian Services for the SABIC Yanbu refinery in Saudi Arabia, on a 30-week schedule.

Quality Valve is relocating its corporate headquarters and distribution warehouse to a new Mobile site at 1541 East I-65 Service Road South, a million-dollar investment giving 70 percent more space.

Majesty Packaging Systems built a new facility in Brazil through its subsidiary Majesty America do Sul Embalagens, to be operational by mid-2022, producing actuators, dip tubes and aerosol valves and pumps.

GIW Minerals, formerly Georgia Iron Works, is opening a 70,000-square-foot, $44 million expansion at its Grovetown, Georgia campus that is expected to add more than 100 jobs and triple production capacity. The grand opening is scheduled for April 6, 2022.

Neles introduced the renewed Nelprof valve sizing and selection software as a free web-based tool. It supports selection of Neles, Jamesbury and Easyflow intelligent automated process valves.

Stiebel Eltron Group acquired PAW GmbH & Co. KG, a family-owned maker of heating, freshwater and flat-station distribution systems employing about 150 people in Hameln, Germany. Terms were undisclosed and Livingstone Partners advised on the sale.

Soyuzgidravlika in Belgorod modernized and expanded production of gear oil pumps for Russian road and agricultural machinery makers. Capacity rose 35% to 250,000 units per year, and the RUB 118 million investment was partly financed by the Fund for Industrial Development (VEB.RF) with an RUB 80 million loan.

Danish pump maker Svanehøj won an order from Jiangsu New Yangzi Shipbuilding for 30 deepwell LNG fuel pumps for 15 dual-fuel 7000 TEU container vessels. Deliveries are scheduled from August 2022 to January 2024.

Atlas Copco agreed on 2022-03-21 to acquire Lewa GmbH and Geveke B.V. and their subsidiaries for a combined enterprise value of EUR 670 million. The deal is all-cash and subject to regulatory approvals, with completion expected in Q2 2022.

Ampo Poyam Valves has delivered more than 2,100 slurry angle severe-service valves for NALCO's alumina refinery at Damanjodi, Odisha, for a fifth stream expansion. The valves were made at Ampo India in Coimbatore, and Thyssenkrupp Industrial Solutions was the PMC contractor. The plant's total capacity will rise from 2.275 to 3.275 MTPA.

CNOOC's procurement platform published the tender results on 2022-03-18 for spare parts for boiler control, safety and shut-off valves and pressure-regulating station equipment at Zhongshan Jiaming Power's Phase II and III plant. Shanghai Yixing Fluid Control, Foshan Bashi and Gaotuo Oil & Gas Technology were named winners, with the top winner's price at CNY 764,738.80.

Hunt Valve Company acquired Quebec-based supplier Montreal Bronze Ltd., which becomes a division named MB Valve.

White Knight Fluid Handling, a Graco subsidiary, acquired Irvine, California-based International Polymer Solutions (iPolymer), a maker of high-purity plastic fluid handling valves and fittings for semiconductor and other industries.

Geveke, an Amsterdam-based industrial goods and services company that provides pumps and compressors, was acquired by Atlas Copco on March 15, 2022. The terms were not disclosed.

SAMSON and its subsidiary PFEIFFER Chemie-Armaturenbau will supply more than 1,000 control and shut-off valves for a 2 GW green hydrogen electrolysis plant in a technology park in Neom, Saudi Arabia, on the Red Sea. The order follows a contract between an unnamed US industrial gas supplier and a German plant engineering company.

URACA, a maker of high-pressure plunger pumps, completed its acquisition of cleaning equipment companies Hydroclean and SAT Dimaco on 10 March 2022. Financial terms were not disclosed.

Jiangsu Fujie Equipment Manufacturing broke ground on 2022-03-04 on a Phase II factory and office building in Wujiang District, Suzhou, with about 500 million yuan of investment. After completion it is to produce 6,000 sets of oil and gas wellhead devices and 40,000 valves per year.

Swedish public procurement body Sinfra awarded a framework contract for shut-off valves for district heating, district cooling and steam to seven suppliers, valued at 100,000,000 SEK, with the agreement running to around 2023-2026.

DXP Enterprises completed its acquisition of Drydon Equipment, a distributor of pumps, valves and controls based in Elgin, Illinois, serving the water and wastewater industry. Terms were not disclosed.

Coster Group has started production at a new 60,000 sq ft facility in Neemrana, Rajasthan, making perfumery pumps, spray pumps and aerosol valves. The EUR 10M investment in plant and machinery adds capacity for the Indian market.

Axel Johnson International's AxFlow has acquired Pumpegruppen A/S, a Danish pump specialist serving chemical, food, pharmaceutical and water treatment industries, with bases in Lyngby and Rønde.

Voss Fluid acquired a majority stake in HypTec, an Austrian developer of hydrogen and natural gas high-pressure valves, expanding its fluid transport portfolio. The deal was reported on 2022-02-24.

Italian valve maker Gruppo OMB, through OMB Valves Spa, acquired Nencini Spa of Siena from Gruppo Ipi. Nencini makes large hydraulic valves for dams and hydroelectric plants, opening OMB's entry into the hydraulic valve market.

Emerson launched its new manufacturing facility in Jubail, Saudi Arabia, producing solenoid valves, filter regulators and control cabinets to serve customers in Saudi Arabia and the wider Middle East and Africa region.

MRC Global Norway was awarded contracts by Aker Solutions to supply valves, instrumentation, piping, tubing and fittings for the 924 MW Sunrise Wind offshore project off New York. Full operation is expected in 2025.

BROEN is expanding its production in Assens, Denmark with a new approximately 4,400 sqm building for its Mid-Range valve, sized DN50 to DN200. Construction starts spring 2022, with completion expected mid-2023.

Marshall Excelsior Company, a Harbour Group company, acquired Xanor de Mexico (Xanik), a Mexico City maker of specialty severe-service valves. Terms were not disclosed.

Atlas Copco Power and Flow signed a commercial partnership with Proveedora de Bombas, Motores y Compresores to distribute its products, including WEDA submersible pumps, in Mexico. The agreement includes training for the distributor's personnel.

Samson Pfeiffer will supply more than 1,000 control and shut-off valves for a 2 GW green hydrogen electrolysis plant in NEOM, Saudi Arabia. The order stems from an agreement between a US industrial gas supplier and a German plant engineering company.