Prysmian and DEME Group won a Balance of Plant contract from Dominion Energy Virginia for the 2.6 GW Coastal Virginia Offshore Wind project. Prysmian's share is about €630 million for about 880 km of cables, with completion expected by 2026.

Prysmian Group was awarded a contract by the Libra consortium led by Petrobras for about 60 km of steel tube umbilicals for the Mero 1 offshore oilfield in the Santos basin. The umbilicals will be manufactured at Prysmian's Vila Velha unit.

Prysmian plans to complete by early 2024 the adaptation of its Vila Velha umbilical plant to meet Petrobras demand, at a budgeted investment of R$50 million.

Prysmian signed a contract worth R$530 million (about EUR 100 million) with Petrobras to manufacture electro-hydraulic umbilicals, produced end-to-end at its Vila Velha plant with deliveries from 2024 to 2027.

A GE Vernova-led consortium with MYTILINEOS was awarded a GBP 1 billion contract by National Grid Electricity Transmission and SP Transmission to supply and construct two HVDC converter stations for the Eastern Green Link 1 subsea link in the UK.

Fans and motors maker EBM-Papst is investing EUR 1 million to expand its facilities in Singapore and India, including added production capacity in Chennai. The move is part of its China-decoupling strategy.

AMETEK Dynamic Fluid Solutions and the former Bison Gear and Engineering Corp. have merged to form Bison, a business of AMETEK, Inc., making fluid-moving and motor drive products such as motors, blowers, pumps and gear motors. Manufacturing is in the US and Mexico with China facilities.

Dai Nippon Printing (DNP) will invest $233 million to build its first US advanced manufacturing facility in Linwood, Davidson County, North Carolina, to make lithium-ion battery pouches for EVs and create 352 jobs.

Schaeffler AG signed a business combination agreement with Vitesco Technologies Group AG and announced a voluntary public tender offer for all Vitesco shares. The announcement was made from Herzogenaurach, Germany.

Jabil inaugurated its third manufacturing plant in Chihuahua, Mexico, a 250,000 sq ft facility in the Chihuahua 2000 Industrial Park with a $50 million investment, expected to generate 2,000 jobs.

Reinhausen Manufacturing Inc., a subsidiary of Maschinenfabrik Reinhausen, will spend $3.3 million to expand its Humboldt, Tennessee facilities, raising production capacity by 25 percent. Groundbreaking is due by end of 2023, with completion anticipated in early 2024.

Hitachi Energy won an order from Taesa, one of Brazil's largest private transmission groups, to upgrade the control and protection system of the Garabi HVDC converter station in Brazil. The upgrade uses its MACH technology.

Prysmian, in consortium with Siemens, won a record contract worth about €800 million to build the Western HVDC submarine interconnector between Scotland and England for NGET/SPT Upgrades Ltd. The total project value is about €1.1 billion, with commissioning scheduled for late 2015.

At the Phase II inauguration on November 1, 2023, Schaeffler signed an investment agreement with the Taicang High-Tech Industrial Development Zone for a New Energy Phase III Project.

Schaeffler officially inaugurated the New Energy Phase II Factory at its Taicang manufacturing base in Jiangsu province on November 1, 2023. The plant produces electric motor stators and rotors for new energy vehicles.

Hyundai Motor Group and LG Energy Solution are investing another $2 billion in their battery cell joint venture at the Metaplant in Bryan County, Georgia, raising total JV investment above $4.3 billion and creating 400 jobs.

Eaton announced $85 million in additional manufacturing investment to increase North American output of utility equipment, including underground protective connectors, with about 300 new positions at its Queretaro facility. Recent North American investments reach nearly $750 million.

BEMAC Corporation, with Mitsui & Co., signed a share purchase agreement to acquire 100% of The Switch Engineering Oy and its group from Yaskawa Europe Holding. The Vaasa, Finland maker produces permanent magnet machines, DC distribution solutions, high-power AC drives and high-speed induction motors. The price was not disclosed.

Eaton is investing $22 million in equipment at its Waukesha, Wisconsin facility to increase manufacturing capacity for three-phase transformers for utility, data center and commercial applications.

Prysmian PowerLink received new contracts worth about EUR 1.1 billion from German grid operator 50Hertz for the NOR-11-1 subsea and DC31 underground HVDC cable projects, announced on 29 September 2023.

Machinery Services Co. and Rapid Pump & Meter Service Co., a Hidden Harbor Capital Partners portfolio company, acquired Delta-Electro Power, which provides maintenance and electrical services for motors and pumps. The deal expands Rapid Pump into Rhode Island and Massachusetts.

German grid operator Amprion awarded GE Vernova's Grid Solutions business a contract for twelve 400 kV power transformers totaling more than 5,000 MVA, to be built in Mönchengladbach. Delivery is planned from 2025 to 2027.

SK Nexilis signed a contract worth KRW 2 trillion (about US$1.5 billion) to supply copper foil to Envision AESC over 10 years starting in 2025. The volume is estimated at about half of Envision's current global EV battery requirements.

SAMSON AG received final approval for its new factory at the Offenbach Innovation Campus, with construction started in August 2023 and completion scheduled by 2026. Production of electronic positioners is planned from October 2024.

AMETEK Dynamic Fluid Solutions and Bison Gear and Engineering Corp. combined on September 7, 2023 into a single business named Bison, a business of AMETEK, Inc., offering fluid-moving, motor and gear drive products.

Prysmian Group was awarded a contract by Petrobras to supply 350 km of deep-water electro-hydraulic umbilicals with steel tube and thermoplastic technology, plus offshore services. The contract is worth about 92 million euros and deliveries run from 2022 to 2025 from Prysmian's Vila Velha centre.

Siemens Industry is seeking city incentives for a new advanced manufacturing plant at 7200 Harris Legacy Drive in Fort Worth, Texas, to make low-voltage switchboards and switchgear, with $133 million in building and equipment investment and up to 715 jobs by end of 2026. The Fort Worth City Council will decide on incentives Sept. 12.

Eaton broke ground on a $100 million expansion of its Nacogdoches, Texas manufacturing facility adding 200,000 square feet and over 200 jobs, doubling capacity for voltage regulators and three-phase transformers. The project was first announced in August 2023.

Balluff is building a new high-volume production plant in Aguascalientes, Mexico, starting at the end of 2023, with about EUR 50 million invested. The 15,000 square metre plant will make sensors, accessories, network systems and RFID solutions.

Prysmian Group broke ground on a $63.8 million expansion of its Du Quoin, Illinois plant to increase renewable energy cable manufacturing. The project adds over 100,000 square feet and is expected to create 80 new jobs while retaining 225.

Fjord Maritime signed a contract with Mowi Chile to supply a series of hybrid power systems for the salmon farmer's feed barges. The systems store surplus diesel generator power in battery banks and are expected to cut fuel consumption by 50% per barge.

Mersen officially opened its new manufacturing facility at 795 Santa Fe Pike in Columbia, Tennessee, its 10th US location, after investing USD 70 million. The plant will produce extruded graphite, insulation felt and isostatic graphite.

BorgWarner announced a $198 million investment for a new 64,000 square metre plant in San Luis Potosi, Mexico, making electronic power components and electric motors. It will create 380 jobs and is expected to start operations in the second half of 2024.

BorgWarner broke ground on a new plant in San Luis Potosi, Mexico, to make power electronics components and electric motors, with 380 new direct jobs expected over five years and opening targeted for Q2 2024.

A Prysmian and DEME Group consortium was awarded the balance of plant contract by Dominion Energy Virginia for the Coastal Virginia Offshore Wind project, worth about $1.8 billion in total, of which about $730 million relates to Prysmian. Completion is expected by 2026.

BITZER Group signed an acquisition contract to acquire OJ Electronics A/S, a Sønderborg, Denmark maker of control solutions for ventilation systems and electric floor heating. The deal is expected to close no later than Q3 2023, subject to usual approvals.

SKF is investing SEK 50 million in a new manufacturing site in Tangier, Morocco, to produce magnetic bearings for turbomachinery and high-speed applications. Operations are set to ramp up in the second quarter of 2023.

SKF and Wolong Group signed a memorandum of understanding to explore a strategic cooperation on magnetic levitation technology in electric drive products. The companies announced the MoU on May 17, 2023.

Técnicas Reunidas has been awarded detailed engineering, procurement and equipment supply to electrify large machinery at Repsol's Sines (Portugal) and Tarragona (Spain) complexes. The work replaces ethylene and propylene compressor turbines with electric motors and is meant to cut CO2 emissions by 260,000 tonnes per year.

Danfoss signed an agreement with the Haiyan county government in Zhejiang to begin building its second campus there. The local government funds the facility, which Danfoss leases and equips itself.

Volex has won a contract with an unnamed leading North America-based automotive manufacturer to supply EV power products from Tijuana, Mexico. Annual revenue is expected to exceed $30 million, with full production in 2024.

Volex has secured a contract with a leading North American automotive manufacturer to supply EV power products from its Tijuana, Mexico facility. Annualised revenue is expected to exceed $30 million, with full production in 2024.

Volex has secured a contract with a leading North American automotive manufacturer to supply EV power products from its Tijuana, Mexico facility. The annualised revenue is expected to exceed $30 million, with full production in 2024.

Emerson announced the acquisition of National Instruments for US$8.2 billion on 26 April 2023.

BorgWarner plans to invest $42 million to expand its Seneca, South Carolina facility, adding 3GWh of annual battery module capacity and about 122 jobs over three years. Expansion begins in Q2 2023 with completion expected in the first half of 2024.

Fort Wayne-based industrial supplier 3BG has completed its acquisition of Controls and Electric Motor Co. (CEMCO), a provider of motors, drives and pumps in southwest Missouri. Financial terms were not disclosed and the Missouri facility will stay open with plans to expand.

ABB is constructing a $100 million, 275,000-square-foot plant and offices in New Berlin, Wisconsin, adding 100 jobs, with opening scheduled for fall 2024 as part of about $170 million US investment.

AXXERON Group integrated Hensches GmbH of Mönchengladbach and Kallenbach Elektronik GmbH of Euskirchen into its automation segment, strengthening retrofit, remote maintenance and control cabinet manufacturing.

Baumüller Dravinja, the Slovenian subsidiary of Baumüller, is completing a new hall in Slovenske Konjice for about five million euros, doubling electrical production capacity and adding sheet metal and logistics space, with occupancy planned for March 2023.

Danfoss announced construction of a new compressor and sensor manufacturing facility in Apodaca, Mexico, to serve growing US demand for cooling technology. The plant is expected to be ready by the end of 2024 with capacity for 100,000 compressor units and 2.6 million sensors.