Russian trading holding Forte announced plans to build a large pump manufacturing plant near Azov, Rostov region, in cooperation with Italian firm S.A.I.P., at an estimated cost of €40 million. The holding has acquired a site of over 100,000 sq m and targets production launch by mid-2021, with up to 700 jobs.
Durham County Council awarded Automatic Flare Systems a contract to design, supply, install and commission a containerised air compressor for the leachate collection system at Todhills Closed Landfill Site, with a total value of £26,650. The contract runs from December 2019 to March 2026.
Cook Compression, part of Dover, was awarded a multi-year contract by ISAB S.r.l, a Lukoil unit, to recondition and upgrade valves and actuators for 27 compressors at its Syracuse refineries. Cook also opened a satellite service center in Sicily to support the contract.
Weber Maschinenbau inaugurated its new plant in Werther, North Rhine-Westphalia, producing components and format and cutting tools for packaging machines. The building was delivered with C + P, which built the steel structure and outer shell.
AxFlow Denmark acquired Trio Trykluft A/S, strengthening its compressed air provision and service business, located in Slangerup, Denmark, announced 19 November 2019.
Coins Co. signed an investment agreement with Yeosu city to build a factory on a 9,900 m2 site in the Yulchon 1 industrial complex, producing synthetic pigs and pipe-inspection robots, for 7 billion won, with work planned from January to December 2020 and 15 hires.
Nidec Motor Corporation expanded its Monterrey, Mexico manufacturing facility by 60,000 square feet with a $2.3 million investment to increase production capacity for industrial electric motors.
Kaeser Kompressorer AB will supply four oil-free screw compressors, each rated 300 kW, for Scania's new Södertälje foundry. The compressors will be monitored with SPM's Intellinova Parallel EN online system.
Grupo Industrial Ferruz will invest 15 million euros to consolidate all its sites into a new 130,000 sq m plant in the Parque Tecnológico de Reciclado in Zaragoza, doubling production capacity and creating 75 jobs. The article's text refers to 2018 timelines, so the date may be inaccurate.
Iowa Fluid Power (IFP) has begun construction on a $5.7 million expansion adding 44,000 square feet at its Cedar Rapids, Iowa site for manufacturing and distribution. The article is dated November 2019.
Shanghai Waigaoqiao Shipbuilding awarded TMC Compressors of the Seas a contract to supply the marine compressed air system for the Liza Unity FPSO, to be deployed at the Liza field offshore Guyana; value undisclosed.
Shorehill Capital acquired an ownership interest in Triad Technologies, a Vandalia, Ohio distributor of industrial fluid power and automation products, alongside management and the Wissman family; terms were not disclosed.
Atlas Copco has acquired the WestRon Group, a Canadian distributor focused on sales, installation and service of small industrial compressors and blowers. WestRon is based in Calgary, Alberta, has 26 employees and its purchase price was not disclosed.
Fluid power distributor SunSource joined forces with The Hope Group, a Northborough, Massachusetts distributor of hydraulics and pneumatics, as announced in a letter to customers and vendors on November 5, 2019; the deal was announced internally on October 31, 2019.
KHS broke ground on a new plant and service center in Kunshan, China, a roughly 10,000 square metre factory with a total investment of about €10 million. The groundbreaking took place October 17, 2019.
Kaman Corporation agreed to acquire Bal Seal Engineering, a maker of precision springs, seals and contacts, for $330 million in cash. Bal Seal expects about $95 million in revenue for 2019.
Johnson Controls announced it acquired Synchrony, a Roanoke, Virginia developer of active magnetic bearing technology, from Siemens Gas and Power. The deal closed November 1, 2019 and will improve its centrifugal chiller products.
Private equity firm First Reserve agreed to buy TriMas' Lamons business, a provider of industrial sealing and fastener solutions, for $135 million in cash. Closing is expected by the end of the first quarter of 2020.
Nantong Yikadi Industrial Technology plans a 1 billion yuan project in Tongzhou district, Nantong, to make oil-free air compressors, brushless inverter compressors and door closers on a former Caterpillar site. The project is pending government approval, with 400 jobs planned.
Amsted Seals acquired Clark Seals Ningbo, to be renamed Amsted Seals Ningbo, an IATF-certified seal plant in Ningbo, China. A 10-year commercial agreement makes Clark Seals LLC a preferred distributor.
ProMach acquired Jet Label & Packaging, a Edmonton-based label maker with seven offices across Western Canada, to expand its labeling and coding capabilities. The announcement was made on 30 October 2019 and no value was disclosed.
Sew-Eurodrive's Russian subsidiary plans to build a gear motor assembly plant in Novosibirsk for €15 million, with completion targeted for January 2021 and capacity of 10,000 units per year.
Norwegian compressor supplier TMC Compressors of the Seas won a contract to supply complete marine compressed air systems and compressors for four TMS Cardiff Gas LNG carriers being built at Hyundai Heavy Industries and Samsung Heavy Industries in South Korea, with undisclosed value.
RegO, a maker of valves and controls for propane and LNG, is expanding its Whitsett, North Carolina manufacturing facility with new automated machining stations, adding about 50 jobs. The machines will be installed over eight months and roughly double plant capacity.
ATS subsidiary Comecer S.p.A. received a CAD 32 million order booking from a leading global pharmaceutical company for a turnkey automated pharmaceutical assembly and filling line, to be delivered over two years.
Linde agreed to form a joint venture with ITM Power to implement large-scale hydrogen electrolysis projects, targeting metals, glass, electronics, refinery, chemical and steel industries. The announcement was made on October 23, 2019.
Linde acquired a minority stake in ITM Power plc, a British maker of PEM electrolyzers for hydrogen production, completed on October 22, 2019. The stake was announced on October 23, 2019.
Atlas Copco Compressors LLC acquired the assets of California distributors Accurate Air Engineering and Compressed Air of California, which will become factory direct branches across five locations from San Diego to Sacramento. More than 50 staff join Atlas Copco.
The Marchesini Group invested €7 million to double the size of CORIMA's aseptic packaging machinery plant in Pianoro, Italy, adding 6,000 square meters. The 30 new technician and engineer jobs were announced with the factory's official opening.
Marchesini Group officially opened the new Siena factory of its CORIMA division, which makes machines for sterile drug packaging, in Monteriggioni, Tuscany, on October 19, 2019.
CBS Packaging installed a new 2.5m BHS corrugator at its Birmingham plant as part of its continuing investment programme, reported October 18, 2019.
Gardner Denver is investing over £7 million in a new centre of excellence at its Simmern production site in Germany, adding machinery and continuous-flow production for CompAir compressors. The article states completion was due at the end of 2016, so the date may be older than the publication date.
Atlas Copco Compressors completed delivery of four containerised instrument and process air compressor modules, worth over £6 million, to Kazakhstan for an oil and gas industry project. The modules were flown in by Antonov 124 aircraft.
Atlas Copco launched its new GV oil-sealed rotary screw vacuum pump system for rough vacuum between 0.5 and 500 mbar, with capacities of 20 to 5,000 m3/h. The launch was reported on 17 October 2019.
Austrian screw manufacturer 3S has added 1,600 m² of production space with modern machinery at its headquarters in Roitham to meet rising demand for extruder screws and core parts. The company employs 100 people across Roitham and Wartberg.
Liberta Partners, through its Liberta Partners Fund II, has taken over the majority of FMA Mechatronic Solutions AG, a mechatronic contract manufacturer based in Schaan, Liechtenstein. The founder Stefan Dürr remains as managing shareholder; the purchase price was not disclosed.
Kaishan group held a ribbon cutting and grand opening on October 4, 2019 for its new 65,000 sq ft U.S. corporate headquarters and manufacturing facility in Loxley, Alabama. The site brings 62 manufacturing jobs and more than $11 million in capital investment over its first three years.
Sullair broke ground on a nearly $30 million expansion of its Michigan City, Indiana air compressor plant, including a new 80,000 sq ft facility. The company plans to hire at least 33 more employees.
Waigaoqiao Shipbuilding awarded TMC Compressors of the Seas a contract to supply a marine compressed air system for the Liza Unity FPSO, to be deployed at the Liza field offshore Guyana. The contract value was not disclosed.
Motion Canada, a division of Motion Industries, agreed to acquire The Fluid Power House, an engineering-focused fluid power distributor with four Ontario locations, with execution on October 1, 2019.
Motion Canada, a division of Motion Industries, acquired Ontario-based fluid power distributor The Fluid Power House on 1 October 2019. FPH has about 40 employees in four Ontario locations and projects 2019 sales above $21 million.
HSD Engine signed a supply contract worth 54.9 billion won with Samsung Heavy Industries to supply marine engines. The deal equals 10.7% of HSD Engine's previous-year consolidated revenue.
Lontra opened the first purpose-built advanced manufacturing centre in Napton, Warwickshire, in partnership with Shield Group Engineering, as the first phase of a planned expansion of compressor manufacturing.
Antares Vision S.p.A. executed the acquisition of FT System S.r.l., an inspection and control systems company controlled by Arol, for the bottling and packaging sector, alongside an industrial partnership agreement. No value was disclosed.
Shanghai Waigaoqiao Shipbuilding awarded TMC Compressors of the Seas a contract to supply the marine compressed air system for the Liza Unity FPSO, which will operate in the Stabroek block offshore Guyana. The contract value was not disclosed.
Moog and Voith Group are negotiating a joint venture based in Rutesheim, Germany, to expand hydrostatic servo-hydraulics business in industrial markets, pending approvals.
Dezhou Taiding New Material signed a contract with Big Finger Equipment for a PM7 paper machine speed-up project, with Dazhi Paper Machinery supplying key headbox, sizing and screening equipment.
Carraro Group laid the foundation stone for a new production area at its Ranjangaon plant near Pune, India, to expand capacity and portal axle production. Local activities are expected to rise 50% in three years.
Ondulati Nordest, a corrugated sheet feeder near Venice, is investing EUR 20 million to add a second corrugator line from Fosber, after its existing Agnati line reached capacity.
Interpump signed a binding agreement to acquire 100% of Reggiana Riduttori through a share exchange, based on an agreed enterprise value of EUR 125 million. Closing is expected by end of 2019, subject to due diligence.