Italian gear reducer maker Rossi S.p.A. has invested EUR 30 million in manufacturing technology and is extending its Ganaceto plant in Modena by up to 27,000 square meters for a new gearmotor assembly line.
Fluid-power distributor Iowa Fluid Power plans a 45,000 sq ft expansion of its Blairs Ferry Road NE facility in Cedar Rapids, Iowa, valued at $5.7 million, with 12 new jobs and completion expected in August 2019.
Velocity, part of the Reece Group in Newcastle, has received a contract to build 16 Velocity Patching machines for a UK company, creating 16 new jobs at its factory.
Atlas Copco's Gas and Process Division won orders from Samsung Heavy Industries for eight HD centrifugal gas compressors, eight oil-free gas screw compressors, heaters and vaporizers for LNG carriers. The order was reported on 21 March 2019.
Hypertherm signed a definitive merger agreement to acquire abrasive waterjet maker OMAX, which becomes a wholly owned subsidiary. Closing is expected on or around April 9, 2019.
Bosch Packaging Technology chose spend management firm Jaggaer to manage its logistics and procurement processes, as part of its digitalisation strategy. The move comes while Bosch seeks a buyer for its packaging division.
Aerzen Canada celebrated the opening of a new 26,000 square foot building with office space and a production facility at an event held March 19, 2019. The company describes itself as in a growth and expansion mode.
Denyo Manufacturing opened a 63,000-square-foot sheet metal fabrication facility in Danville, Kentucky, adding 65 jobs, to make parts for its generators and air compressors using new Amada equipment.
Severstal has agreed to buy a Korean compressor for its Cherepovets Iron and Steel Works, with first deliveries scheduled for autumn 2019. The investment exceeds 500 million rubles and aims to cut electricity consumption.
Cook Compression named Fancraft (South Africa) and WoodServ (Bahrain) as authorized service partners for compressor valve and packing case repairs across Africa, the Middle East and Pakistan.
Czech company Jihostroj and the Tatarstan Investment Development Agency agreed to build a hydraulic equipment plant in the Alabuga special economic zone, with planned output of 80,000 units per year, 500 million rubles of investment and 50 jobs, launch expected in 2019.
MAN Energy Solutions received an order from Estonian TSO Elering AS for two MOPICO compressor systems for the Balticconnector gas pipeline, to be installed at Paldiski and Puiatu in Estonia with delivery planned for summer 2019.
Atlas Copco Compressors LLC has acquired Appleton Compressor Service & Supply Inc., a long-established Atlas Copco distributor in Menasha, Wisconsin, turning the territory into a factory-direct branch. The deal's value was not disclosed.
Babcock International secured a UK Ministry of Defence contract to supply, repair and support hydraulic equipment for Royal Navy surface ships and submarines. The five-year contract includes an option for a two-year extension.
Unipart Rail acquired Westcode, a supplier of rail air supply equipment and door systems, including its Westcode Inc and Westcode UK businesses. The businesses will keep trading under their own brands in the US and Europe.
Atlas Copco acquired Appleton Compressor Service & Supply, a long-established US distributor of its compressors based in Wisconsin with about 15 employees. The purchase price was not disclosed.
Italian manufacturer Safim, a portfolio company of Ambienta, completed the acquisition of OMNI Hydraulik Ritter GmbH, a German distributor of hydraulic valves and brake pumps for off-highway vehicles. The deal was announced on 28 February 2019.
Duplomatic Motion Solutions, sponsored by Alcedo SGR, completed the purchase of hydraulic technologies provider Hydreco from Clyde Blowers Capital, which had owned it since 2008. Hydreco's sales were over £25.6m.
Magnitogorsk Iron and Steel Works (MMK) has commissioned a new cryogenic air separation unit built at its oxygen shop for 4.2 billion rubles, supplied by Kriogenmash; it has produced 100 million cubic meters of industrial gases.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, completed the acquisition of Madison-Smith Machine & Tool, a Kentucky-based plant maintenance, repair and precision machining provider, in December 2012.
FlexBlow is adding a new 3,500 sq m manufacturing facility to its 10,000 sq m site in Kretinga, Lithuania, to increase capacity for its FlexBlow8 hybrid stretch blow molding machines, with production expected from July 2019.
Valmet agreed on February 26, 2019 to acquire North American GL&V, a global supplier of technologies, rebuilds and spare parts to the pulp and paper industry, for an enterprise value of about EUR 113 million on a cash and debt free basis. Completion is estimated at the earliest on April 1, 2019.
Yantai Dunhan Bush Compressor Co. has invited tenders for construction of its intelligent compressor factory in Yantai, Shandong, with planned investment of about 100 million yuan and a 14-month schedule.
Vactor Manufacturing announced plans to expand its Streator, Illinois plant, adding up to 90 jobs and increasing production capacity. Parent Federal Signal expects to invest up to $25 million in the project, with construction targeted to finish by end of 2019.
Danfoss is investing about €1.5 million in an automated water-based paint line in a 700 square metre area of its mobile hydraulics plant in Caxias do Sul, Rio Grande do Sul. The line will bring painting in-house, previously outsourced, and is expected to create new jobs.
Air Products agreed to provide its proprietary AP-C3MR liquefaction technology, equipment and process license for the three-train Golden Pass LNG export facility in Sabine Pass, Texas, which is due to start up in 2024. Value was not disclosed.
Kawasaki Heavy Industries plans to start a new hydraulic equipment plant, Suzhou No. 4, in China around summer 2020. It will take over production of hydraulic components for China from its Nishi-Kobe mother plant in Japan.
Kawasaki Heavy Industries opened a new plant in Bangalore to make pumps and motors for 7-36 tonne construction machinery, doubling its Indian hydraulic capacity to 20,000 units a year. The investment is about 800 million yen and production starts in April 2019.
LMF, a Kaishan company, received a 6.2 million euro advance payment, 30% of a 20.67 million euro contract to supply 16 truck-mounted natural gas pipe evacuation units to a Russian natural gas company. The payment means the contract has officially come into effect.
MAN Energy Solutions won an order to supply 18 MAN B&W 9S50ME-C9.6 main engines for nine RoRo vessels for Grimaldi Group, to operate in the Mediterranean. Hyundai Heavy Industries will build the engines and Jiangsu Jinling Shipyard will build the vessels, with delivery from 2020.
Baker Hughes will supply six heavy-duty gas turbines and 12 centrifugal compressors to the $10 billion Golden Pass LNG export terminal near Port Arthur, Texas. Financial terms were not disclosed and the deal was confirmed on 7 February 2019.
Italian Interpump agreed to buy 100% of Fluinox, a Valencia-based maker of processing equipment for food, cosmetic, chemical and pharmaceutical industries, for at least 11.15 million euros including the agreed price and the box value.
Siemens was selected as compressor equipment provider for PAO NOVATEK's Arctic LNG 2 project, supplying three feed gas and six boil-off gas compressors for three liquefaction trains, with the third train's equipment partly fabricated locally in Russia.
Ingersoll Rand plans to transfer most core product line production from Buffalo, New York to its Mocksville plant by July 2019 and hire about 40 workers across Mocksville and Davidson, NC.
Yanmar announced a plant in the ORIGINS industrial park in north Chennai to make industrial diesel engines with 80,000 units annual capacity. Production is expected to start in 2020 and create up to 400 jobs.
Seibu Giken announced it will build a new factory in Munakata, Fukuoka Prefecture, to produce exhaust gas removal equipment and desiccant dehumidifiers, with an investment of about 3.5 billion yen. Production capacity for exhaust gas removal equipment will increase from 30 to 50 units per month, and for desiccant dehumidifiers from over 10 to nearly 30 units per month.
Zoomlion Heavy Industry Science & Technology Co., Ltd. opened the world's largest intelligent factory for tower cranes in Changde, China, after three years of construction and an investment of 780 million yuan (US$115.4 million).
Schwing Stetter India signed an MoU with the Tamil Nadu Government at the Global Investors Meet 2019 to invest INR 237 crore immediately in a new plant in Cheyyar, scaling to INR 350 crore over four years, with 200 jobs planned.
Haitian Metal's new die-casting machine production base in Ningbo Beilun, China, was completed and put into use in June 2021. The project invested $160 million, covers 139 mu, and can produce full-series cold-chamber die-casting machines with clamping force from 180T to 8800T, with an annual capacity of about 4000 machines.
JBT Corporation announced it has signed an agreement to acquire LEKTRO, Inc., a privately-held manufacturer, for $48 million.
SMS group has won an order to supply a 5,000-ton closed-die forging press to Musashi Europe. The press will be installed at Musashi's facility in Bockenau, Germany, to produce large forgings for passenger cars and trucks, with commissioning scheduled for Q4 2019.
Kaeser Kompressoren is building a 2,300 square metre extension in Gera for refrigerant dryer production, with a total investment of about nine million euros; production could start in June 2019 after topping out on January 20, 2019.
Bruker Corp. completed its acquisition of Alicona Imaging GmbH, an Austrian provider of optical 3D surface measurement solutions. Alicona had 2018 revenues of approximately $25 million. Financial terms were not disclosed.
Harvey Performance Company, a provider of specialized cutting tools, acquired Micro 100, a carbide cutting tool manufacturer based in Meridian, Idaho. Micro 100 specializes in boring, grooving, threading and milling tools.
Battery Ventures, a technology-focused investment firm, acquired SigmaTEK Systems, maker of SigmaNEST nesting software for fabrication and manufacturing. Terms were not disclosed. SigmaTEK will continue operations in Cincinnati with a new CEO.
Amada Holdings announced construction of Factory No. 2 at its Toki Plant in Toki City, Gifu Prefecture. The 16,900 m2 building will produce metal sheet bending machines and automated material handling equipment, doubling production capacity. Construction starts February 2019, completion August 2020.
CKD's Chinese subsidiary Xikaili (China) completed construction of a new production building in Wuxi City, China, on January 17, 2019. The 13,460 m² facility cost 20 billion yen and will manufacture pneumatic equipment, fluid control equipment, and automated machinery.
The Bundeskartellamt has prohibited the planned joint venture between Miba AG and Zollern GmbH & Co. KG to pool their hydrodynamic plain bearing production activities. The decision was announced on January 17, 2019.
Construction of the new £50 million JCB Cab Systems factory in Uttoxeter is ahead of schedule, targeting a summer opening. The 350,000 sq ft plant will create the most advanced cab facility in the world with automated production line and robotic welding.
OSG will construct a new building at its Shinshiro plant in Aichi Prefecture, starting operations in early 2020. The investment is about 60 billion yen. The new building will produce carbide drills and taps, consolidating production from other plants.