Star Delta Transformers secured an order worth Rs 61.99 crore from Madhya Pradesh Madhya Kshetra Vidyut Vitaran Co. (MPMKVVCL) for supply, installation, testing, and commissioning of 11 kV lines, LT lines, and distribution transformer substations under the Feeder Separation Program in Betul, India.
NOROO Paint (Noroo Paint & Coatings) entered into a supply contract with NOROO Coil Coatings Co., Ltd. for paint and related products for color steel sheets, valued at KRW 87.8 billion, for the domestic market from January 1 to December 31, 2025.
ANDRITZ received an order from Elixrr Industries Pvt. Ltd. to supply a pressurized refining system for their mill in Madhya Pradesh, India. Start-up is planned for the first quarter of 2026.
Hiab is investing EUR 19 million to expand and modernise its Multilift demountables production facility in Raisio, Finland. Construction is planned to begin in autumn 2025 and be ready during 2027.
Sojitz Corporation has concluded a share purchase agreement to acquire 66.5% of shares in NIPPON A&L INC., a manufacturer of SBR latexes and ABS resins, from Sumitomo Chemical and Mitsui Chemicals. The acquisition is expected to close in July 2025, making Nippon A&L a consolidated subsidiary of Sojitz.
Vistra Corp. has executed a definitive agreement to acquire seven modern natural gas generation facilities totaling approximately 2,600 MW of capacity from Lotus Infrastructure Partners. The assets are located across PJM, New England, New York, and California.
Remsons Industries Ltd has secured an order worth approximately ₹300 crore (USD 35 million) from Stellantis North America to supply critical components for Jeep Wrangler, RAM, Smart car and three-wheeler platforms. The order is to be executed over seven years starting from the next financial year.
Thermodyn, a Baker Hughes subsidiary, announced a 10 million euro investment to more than double production capacity at its Le Creusot site with a new building and two test positions, creating 40 jobs by end of 2025. The first stone ceremony was held on 15 May 2025.
Foundry Alliance GmbH took over the operations of specialty machinery maker Herold & Co. GmbH, including its pump and foundry divisions in Gefrees, effective 1 May 2025, with 40 of about 60 employees retained. Concentro Management AG advised on the investor process.
Oliver Healthcare Packaging officially opened a new 120,000 square foot manufacturing facility in Iskandar Puteri, Johor, producing medical-grade pouches, lids and roll stock for Asia-Pacific pharmaceutical and medical device customers. The opening was reported on 15 May 2025.
Austrian crane and heavy haulage company Felbermayr has acquired Dutch company Jozef Hermans Industrial Movers. The acquisition was completed on May 14, 2025.
Beijer Tech AB, a subsidiary of Beijer Alma AB, has completed the acquisition of Danish component supplier Roykon A/S. The transaction was completed on May 14, 2025.
Hyosung Heavy Industries signed a contract to supply 400 kV ultra-high voltage transformers worth 85 billion won to Scottish Power, a Scottish power transmission company, on May 14, 2025. The transformers will be used to transmit electricity from wind farms in Scotland.
Hyosung Heavy Industries signed a contract on May 14, 2025, to supply 400kV ultra-high voltage transformers to Scottish Power in Scotland, UK, valued at approximately 85 billion KRW ($61 million).
Mahindra do Brasil received a preliminary environmental license for a new tractor and earthmoving machinery plant in Dois Irmãos, Brazil, with monthly capacity of up to 1,400 tractors and 120 direct jobs.
Siemens Healthineers is investing $150 million to expand production in the US, relocating Varian manufacturing from Baja, Mexico to Palo Alto, California, adding around 50 jobs. It is also building a 60,000 sq ft Experience Center in Charlotte, North Carolina.
GE Aerospace has secured an order from Qatar Airways for more than 400 engines, including 60 GE9X and 260 GEnx engines, to power up to 210 Boeing 787 Dreamliner and 777X aircraft. The deal is part of a $96 billion agreement announced on May 14, 2025.
Global Polymer Solutions S.L., owner of Delta Tecnic, has agreed to acquire Impact Formulators Group (IFG), an Italian masterbatch manufacturer. The combined group will have over €100 million in revenues and six plants in Spain, Italy, and Mexico.
PT Daikin Industries Indonesia (DIID) inaugurated its first air conditioner factory in Cikarang, Bekasi, West Java, with a production capacity of 1.5 million units per year. Production started in November 2024, and exports to the Philippines are targeted to begin in 2027.
The Union cabinet approved a joint venture plant between Foxconn and HCL to set up a display driver chip manufacturing facility near Jewar airport in Uttar Pradesh, India, at an investment of Rs 3,700 crore. The plant is expected to start production in 2027.
Cariflex Pte. Ltd. officially opened a new polyisoprene latex plant on Jurong Island, Singapore, built with an investment of USD 355 million. The plant is the world's largest and started operations in November 2024, creating about 80 new jobs.
Qatar Airways signed an agreement with GE Aerospace for more than 400 engines, including 60 GE9X and 260 GEnx engines, with options and spares, to power Boeing 777-9 and 787 aircraft. It is the largest widebody engine deal in GE Aerospace history.
Piramida 72 will expand its liquid goods production facility in Šabac, Serbia, increasing capacity to 18 million units, with automation and robotics upgrades. The expansion is scheduled for the second half of 2025.
Sumitomo Drive Technologies will invest $9.3 million to automate a warehouse and distribution center in Chesapeake, Virginia, retraining 42 employees.
Resideo, part of Maxon and Honeywell, opened its second gas controller manufacturing plant in Tijuana, Baja California, with a $6 million investment. The plant will produce an estimated 13 million units annually and create 2,600 direct jobs.
Nidec ASI, a subsidiary of Nidec Corporation, decided to create a new factory in La Fouillouse, France, which will lead to 115 new hires within two years. Half of the new plant has been operational since April 2025.
Technonicol plans to invest 2.8 billion rubles to expand sealant production at its plant in Novoulyanovsk, Ulyanovsk region, including new production lines for polyurethane and acrylic sealants, packaging, and plastic dispensers.
Prolec GE, a joint venture between Xignux and GE Vernova, will invest $140 million to build a new 144,000-square-foot facility adjacent to its existing plant in Goldsboro, North Carolina, doubling medium power transformer production by adding 200 units per year. The expansion will create over 330 jobs.
Coromandel Chemicals Ltd., a subsidiary of Coromandel International, signed definitive agreements to form a joint venture with Sakarni Plaster to manufacture and sell phospho-gypsum-based green building materials. A manufacturing facility will be established in Visakhapatnam, India.
Engel, an injection molding machine manufacturer, will acquire Roegele, a Spanish company, and launch a subsidiary in Spain. The acquisition includes expanding Roegele's headquarters in Barcelona.
QED Technologies International will invest $18.7 million to add 20,000 square feet to its University Avenue facility in Rochester, New York, creating up to 72 new jobs. The expansion includes a new R&D center and expanded precision optics fabrication capabilities.
Dai-ichi Kogyo Seiyaku (DKS) completed medium-scale production equipment for its Elecsel CR series water-based composite binder for lithium-ion battery anodes at its Shiga plant, starting operations in May 2025. The company plans a phased investment of about 3 billion yen to further expand capacity.
Shawflex announced that production has started at its new manufacturing facility in Vaughan, Ontario, Canada, as of May 1, 2025. The facility will increase manufacturing capacity and production efficiency.
Rademaker Group, a Dutch manufacturer of industrial bakery and food processing equipment, has acquired Danish company Form & Frys Maskinteknik A/S, which specializes in folding, forming, and filling machinery for pastry products.
Dangote announced plans to build a new cement factory in Itori, Ogun State, Nigeria, with two production lines totaling 6 million metric tons per annum capacity, at an investment of nearly $800 million. Construction is expected to be completed by late 2026.
Innova Group officially inaugurated a new 11,000 m² production center in Almassora (Castellón), Spain, in May 2025. The facility includes a 5,000 m² production plant and office/R&D areas, designed for sustainability and increased manufacturing capacity for automated packaging systems.
Primetals Technologies has won a contract to supply a thick-slab continuous caster with an annual capacity of 1.9 million metric tons to an unnamed Chinese steel producer. The caster is expected to start production in mid-2026.
The Union Cabinet approved a ₹3,706 crore semiconductor plant at Jewar, Uttar Pradesh, by the HCL-Foxconn joint venture. The plant will manufacture display driver chips for mobile phones, laptops, and automobiles, with a capacity of 20,000 wafers per month and 3.6 crore chips per month. Production is expected to commence in 2027, creating 2,000 jobs.
membraPure completed a new 840 m² logistics center with solar panels and district heating. The freed-up warehouse space will be converted into production space for chromatography systems, TOC analyzers, and ultrapure water systems.
The Union Cabinet approved a ₹3,706 crore semiconductor plant at Jewar, Uttar Pradesh, to be set up by the HCL-Foxconn joint venture. The plant will manufacture display driver chips for mobile phones, laptops, and automobiles.
Andritz received a major equipment order from Green Bay Packaging Inc. for its mill in Morrilton, Arkansas. The scope includes a recovery boiler, a lamella-type evaporation plant, and a biomass boiler. Commissioning is scheduled for the second half of 2025.
Rademaker announced a strategic partnership with Sensure, an Italian specialist in AI-driven vision inspection systems, and acquired a minority stake in the company.
Evolution PowerX (formerly Enterprise Group) acquired FlexEnergy Canada for $20 million, gaining 17 turbine generators and service contracts. The deal was valued at about 4.3x trailing three-year EBITDA.
GE Vernova T&D India will invest approximately Rs 140 crore ($16 million) to expand its electrification manufacturing footprint. The plan includes a new manufacturing line at the existing Chennai facility (ready by early 2027) and a new Noida facility (operational by end of 2025).
GE Vernova announced a Rs 140 crore investment through its Indian arm GE Vernova T&D India to expand manufacturing for advanced grid infrastructure. The investment includes a new manufacturing line in Chennai and a new facility in Noida, focusing on HVDC and FACTS technologies.
Rejlers Abu Dhabi secured a detailed engineering sub-contract from Target Engineering for Borouge's project to expand PE4 and PE5 polyethylene unit capacity from 540,000 t/y to 700,000 t/y each.
Dajin Heavy Industry's subsidiary Penglai Dajin Heavy Industry signed a contract with a European energy company to supply and transport ultra-large monopile foundations for an offshore wind farm, worth approximately CNY 1 billion.
Nuh Cimento Sanayi A.S. announced a merger by acquisition of its wholly-owned subsidiary Nuh Gayrimenkul Insaat A.S., approved by the Capital Markets Board on 8 May 2025.
Hyosung HICO, Ltd announced an expansion of its U.S. manufacturing headquarters in Memphis, Tennessee, investing $51 million and creating 123 new jobs. The company is a subsidiary of South Korean Hyosung Heavy Industries and produces large power transformers.
The Union Cabinet of India approved the establishment of a semiconductor unit as a joint venture of HCL and Foxconn near Jewar airport in Yamuna Expressway Industrial Development Authority (YEIDA), Uttar Pradesh. The plant will manufacture display driver chips with a design output capacity of 36 million units per month and 20,000 wafers per month, attracting an investment of Rs 3,700 crore.