Rio Tinto will invest $1.8 billion to develop the Brockman Syncline 1 mine project in Western Australia's Pilbara, extending the life of the Brockman region. The project has capacity for up to 34 million tonnes per annum of iron ore, with first ore scheduled for 2027.
Airtron Heating & Air Conditioning acquired Sierra Air Conditioning, an HVAC contractor based in Las Vegas, Nevada, in March 2025.
Jabil announced plans to open a new factory in Gujarat, India, its second in the country, under a MoU signed in November 2024. It also signed a new MoU to explore a silicon photonics facility.
Belgian retailer Colruyt Group has automated its Collect&Go service by installing Exotec's Next Generation Skypod system in its Londerzeel distribution centre, expecting a 35% productivity increase.
Forklift Exchange has partnered with UK-based Flegg Projects to offer high capacity extendable forklifts to European and UK markets.
Daikin Applied Americas has acquired Modular Comfort Systems, an HVAC design and solutions company, to enhance its HVAC offerings and meet energy efficiency regulations.
Progressive Planet announced up to $4.6 million in non-dilutive funding from SDTC over four years to build a pilot plant for PozGlass, a low-carbon cement material, in Kamloops, BC. The first tranche of $1,555,682 was received on January 31, 2025.
Sunway Construction Group secured a RM1.5 billion contract from Sunway Integrated Properties for construction of the Rapid Transit System Transit-Oriented Development at Bukit Chagar, Johor. Part A works commenced March 5, 2025, with completion expected by November 2027.
GSC Technologies has been purchased by private equity firm Speyside, which intends to heavily invest in its growth.
AI cybersecurity expert Darktrace has proposed an acquisition with Cado Security to enhance its products with Cado's forensic technology.
Security tools distributor Lockmasters has acquired Orchard Lock Distributors for its specialized door access solutions.
Manitex, a provider of lifting solutions and construction rentals, is now a subsidiary of Tadano Ltd., an OEM of lifting solutions.
Hexagon announced it will acquire Septentrio NV, a Belgian provider of GNSS technologies, to expand its positioning portfolio for autonomous systems. Septentrio will continue to operate its business model.
Fortifi Food Processing Solutions acquired Softvic S.A., doing business as Kais Software of Barcelona, Spain, a developer of ERP and manufacturing execution systems for food processing. All Kais employees will join Fortifi's ownership program.
Boeing South Carolina awarded a joint venture of HITT Contracting and BE&K Building Group a $1 billion construction contract for an expansion at its North Charleston campuses. Construction is slated to begin later in 2025, with completion expected in early 2027.
Kaynes Semicon held a foundation-laying ceremony for its OSAT semiconductor plant in Sanand, Gujarat, with a pilot line starting in June 2025 and main production in January 2026, at an investment of Rs 3,300 crore.
Nonwovenn is investing £5 million in the second phase of its transformation program to increase chemical bond production capacity, including converting existing lines and purchasing a new line, targeting the oral pouch delivery sector.
Airtronics LLC was awarded a $7.9 million firm-fixed-price contract by the US Army to overhaul modulating valves for UH-60 Black Hawk helicopters, with completion expected by February 2030.
Moog Inc. was awarded a $28.9 million firm-fixed-price contract by the US Navy to repair slip ring assemblies for V-22 aircraft, with work to be performed in Blacksburg, Virginia through February 2028.
Rolls-Royce Power Systems is investing in a new building for genset assembly in Mankato and expanding its engine plant in Aiken, both in North America, to meet growing demand for backup power and government business.
AAR has signed an exclusive Distribution and License Agreement with Chromalloy's subsidiary BELAC LLC for PMA high pressure turbine blades for PW4000 engine platforms. The multi-year contract ensures guaranteed stock levels for the T1 blade.
Port Newark Container Terminal (PNCT) has ordered 15 additional hybrid diesel-electric Konecranes Noell straddle carriers. The order was placed in Q4 2024, with deliveries underway and final handover scheduled for April 2026.
China Harbour Engineering Company launched a modular pre-cast concrete facility in SEDRA, Riyadh, covering 200,000 square meters. The factory will produce up to 400,000 cubic meters of prefabricated concrete panels annually and employ 1,200 workers.
Schneider Electric has secured a major order from Tata Power to supply SF6-free RM AirSeT ring main units for deployment in Mumbai and Delhi, with potential expansion to Odisha. The project aims to reduce Tata Power's carbon footprint by up to 75%.
Symbios, a manufacturer of individualized orthopedic implants, has relocated its headquarters and production to a new 12,000 m² industrial site in Yverdon-les-Bains. The facility, completed in 2023, will increase production capacity fourfold.
Port Newark Container Terminal (PNCT) ordered 15 Hybrid Konecranes Noell Straddle Carriers for expansion at the Port of Newark, New Jersey. The order was booked in Q4 2024, with deliveries underway and the last cranes scheduled for handover in April 2026.
Breedon Group acquired Lionmark Construction Companies LLC for an enterprise value of US$238 million, expected to more than double Breedon's US turnover and immediately enhance earnings.
Pyrum Innovations AG and SUAS GROUP plan to build a tyre recycling plant at the Vřesová complex in the Czech Republic, with an annual capacity of 23,000 tonnes of end-of-life tyres and an investment of CZK 1.4 billion (approx. EUR 57 million). Construction is expected to start in Q2 2025.
Toshiba Electronic Devices & Storage Corporation completed a new back-end production facility for automotive power semiconductors at Himeji Operations in Hyogo Prefecture, Japan, more than doubling production capacity compared to fiscal year 2022. Full-scale production starts in the first half of fiscal year 2025.
Igus will build a new factory in Sakura, Tochigi Prefecture, Japan, with a total floor area of about 10,000 m² and an investment of approximately 3.5 billion yen, consolidating four existing inventory and assembly sites. Construction starts May 2025, with completion expected in spring 2026.
Aceway Technology, a subsidiary of Sunwill Co., Ltd., was selected by Kiekert for the MOS project to manufacture main components of automotive electronic door lock systems (EKT), with a lifecycle from 2026 to 2031 and projected total sales of approximately 250 million RMB.
Ignova Ventures acquired all aerospace assets of Systems Integrators LLC, including CGS Technologies specialty gasket manufacturing, precision machining, and aerospace assembly businesses, to operate as Ignova Mechanical in Glendale, Arizona.
XCMG Australia secured a landmark deal valued at about US$400 million to supply more than 100 units of zero-emission heavy mobile equipment, including battery-electric wheel loaders, dozers, graders, and trucks, to Fortescue for its Pilbara iron ore operations in Western Australia.
The Australian government and Baxter Healthcare each invest $20 million to expand Baxter's onshore IV fluid manufacturing capacity in Old Toongabbie, Western Sydney, increasing annual production by at least 20 million units to 80 million units by 2027.
Wieland broke ground on a $500 million modernization project at its East Alton, Illinois facility, including a new hot rolling mill to increase production of copper and copper alloy components for automotive, defense, and energy industries.
Serbia's MK Group plans to invest up to 100 million euro in a new Carnex factory. The article was published on March 5, 2025.
Siemens celebrated the grand opening of a new 100,000-square-foot greenfield facility in Pomona, California, as the first phase of a $95 million expansion plan. The facility will increase production of low-voltage electrical equipment and is expected to add 123 jobs.
Conmat Group acquired 100% stake in KYB Conmat by buying back a 51% stake from joint venture partner KYB Corporation. The company is valued at Rs 3.3 billion.
Kiboko Group announced a partnership with XCMG, the world's third-largest mining machinery manufacturer, to supply state-of-the-art mining equipment and services in South Africa. The collaboration was unveiled at the 2025 Investing in African Mining Indaba.
Ferguson Marine (Port Glasgow) Ltd awarded a contract for a CNC High Speed Automated Section Cutting Machine to improve its shipbuilding manufacturing capability. The contract was published on March 5, 2025.
Tata Electronics, Himax Technologies, and Powerchip Semiconductor Manufacturing Corporation signed a Memorandum of Understanding to collaborate on display semiconductor and ultralow power AI sensing solutions for the Indian and global markets.
Lloyds Metals and Energy Ltd has sought CCI approval to acquire a 79.82% stake in Thriveni Earthmovers and Infra Pvt Ltd and integrate the mining business of Thriveni Earthmovers Pvt Ltd into it. The transaction was structured via a Share Subscription Agreement signed on February 17, 2025.
Tata Electronics, Himax Technologies, and Powerchip Semiconductor Manufacturing Corporation (PSMC) have signed a Memorandum of Understanding to collaborate on display semiconductor and ultralow power AI sensing solutions for the Indian and global markets, leveraging chip design, manufacturing, packaging, and electronics manufacturing services.
Mitsubishi Generator has received an order for two generators for a gas turbine power plant to be constructed in Ouazzane Province, Morocco. The Al Wahda Power Plant, planned by ONEE and built with China Energy Engineering Corporation, will have a total capacity of 990 MW and is expected to begin operations in 2027.
AI Group, a wholly owned subsidiary of Guohua (00370), has signed a cooperation agreement with CloudMinds (Danta) to restructure Hong Kong Robotics into a joint venture for humanoid robot business in Hong Kong and overseas. AI Group will hold 51% and CloudMinds 49%. The JV plans to raise $100 million in 2025 and $200 million in 2026 for R&D.
FloWorks International, a Wynnchurch Capital portfolio company, has acquired CAC Industrial Equipment Ltd., a pump distributor with repair services based in Victoria, British Columbia. The deal is FloWorks' fifth acquisition under Wynnchurch ownership.
A US$90 million aluminum can manufacturing and beverage bottling plant backed by East Can Solutions is set to launch in June 2025 in the Yangi Avlod Free Economic Zone in Tashkent, Uzbekistan. It will initially produce 1.1 billion cans a year and create up to 500 jobs.
Marquardt has officially opened a new mechatronic systems plant in Talegaon near Pune, India, replacing its Mumbai site. The investment in buildings, machinery and equipment exceeds 180 crore rupees, and around 300 new jobs are expected by 2030.
Coster Group has opened a new production facility in Cabreúva, São Paulo, Brazil, which has been operating since June 2024. The plant, built for over US$15 million, will make aerosol valves, actuators and perfumery pumps.
Qingdao Wivo Valves is adding 8,000 square meters of workshop space at its Qingdao production base in Shandong to meet surging Southeast Asian demand for industrial valves. The expansion adds smart manufacturing and is expected to raise output by 40%.