Futaba Industrial announced it will build a new plant in Haryana, India, to manufacture mufflers and exhaust system parts for Suzuki. Construction will start in April 2025, with operations beginning in March 2027. Investment is about 2.5 billion rupees (approx. 4.5 billion yen).

HD Hyundai Infracore decided to invest 141.2 billion won to expand manufacturing facilities for ultra-large power engines and battery packs at its Incheon and Gunsan plants in South Korea. The investment will be carried out until the end of 2028.

Guarniflon S.p.A. announced the opening of a new 30,000-square-foot manufacturing plant in North Bay, Ontario, for PTFE finished and semifinished products. The facility is designed to boost production capabilities and create new jobs.

Knife River Corp. agreed to acquire Strata Corp., a construction materials and contracting services provider in North Dakota and northwest Minnesota, for $454 million. The deal is expected to close in the first half of 2025.

Doosan Enerbility signed a contract with Hyundai Engineering to supply a 180 MW-class steam turbine and generator for the Namyangju Combined Heat and Power Plant in Gyeonggi Province, South Korea. The contract is worth approximately 61 billion KRW.

BASF Polyurethane (Chongqing) Co., Ltd.'s MDI optimization and upgrade project has entered trial operation. The project adds a new 130,000 tonnes/year pure MDI distillation unit, increasing the site's total MDI capacity from 400,000 t/y to 530,000 t/y.

ZTI Group is investing 2.04 billion rubles in a polyethylene container plant in the Khimprom special economic zone in Volgograd Region, with about 76 jobs and planned capacity of about 15 million units a year. The complex is due to be commissioned in 2027.

KZTA - Kazakhstan Pipeline Valve Plant completed a comprehensive production modernization with financing from the Industrial Development Fund JSC, aiming to raise capacity from 4,500 to 45,000 pipeline valves and create 150 new jobs.

Spanish postal operator S.E. Correos y Telégrafos awarded three lots for manufacturing and supply of retail packaging to Tompla, Cartonajes Gisbert and Formpaper Packaging, with a total awarded value of €6,394,523.

Morrison Water Services and Z-Tech Control Systems, part of M Group Services' Water Division, won places on United Utilities' Minor Works Framework and Lot 2 M&E Installation Framework respectively, supporting water and wastewater infrastructure improvements in North West England. The frameworks start in April 2025 and last five years.

Japan's Kaneka Corporation announced the acquisition of 96.8% of shares of Israeli medical device company EndoStream Medical, which develops the Nautilus device for aneurysm treatment. The deal is valued at an estimated $100 million, and Kaneka plans to jointly develop and manufacture new cerebrovascular devices, targeting over $120 million in sales by 2030.

Shiroyama Sangyo will build a new factory for motor and transformer electromagnetic cores in Anpachi, Gifu Prefecture, with operations starting in summer 2027. The investment is about 1 billion yen for land, building, and equipment.

Honda Motor Company and Nissan Motor Corp. announced they will merge into a joint holding company by 2026, with shares expected to list on the Tokyo Stock Exchange by August 2026. The combined company, including Mitsubishi, will become the third-largest automaker globally by volume.

Icon Water has awarded Seymour Whyte and VINCI Construction Grands Projets, both VINCI Construction subsidiaries, a design-build contract worth AUD 385 million (€236 million) to upgrade and extend the Lower Molonglo Water Quality Control Center in Canberra, Australia. The project will construct a new membrane bioreactor with a treatment capacity of 97 ML per day.

John Bean Technologies Corporation (JBT) announced that its voluntary takeover offer to acquire Marel hf expired on Dec. 20, 2024, with 97.5% of Marel shareholders approving the deal. The combination is expected to occur on Jan. 2, 2025, and JBT will change its corporate name to JBT Marel Corporation.

The INX Group Limited, a wholly owned subsidiary of Sakata INX, has completed the acquisition of Coatings & Adhesives Corporation (C&A), a specialty coatings company in North America. The newly formed entity, INX International Coatings and Adhesives, will operate as a sister company alongside INX International Ink Co.

Boeing announced a pending $4.7 billion acquisition of Spirit AeroSystems, a strategic move to prop up manufacturing.

Crescent Steel and Allied Products Limited was awarded a contract valued at Rs1.5 billion for the supply of 40-inch diameter coated steel line pipes, to be executed by Q4 FY2024-25.

Artinis Medical Systems B.V. acquired Twente Medical Systems International (TMSi) B.V., combining expertise in optical measurements and electrophysiological signals for medical and scientific markets.

Sanlian Hope signed a contract with Shandong Xinnan Chemical Co., Ltd. for a 70,000 tons/year nylon 6 civilian filament chip project, with a total contract amount of 170 million yuan.

TechnipFMC announced it has been given full notice to proceed with a contract for the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between BP, Equinor, and TotalEnergies. The contract covers supply and installation of an all-electric subsea system and is valued between $500 million and $1 billion.

TechnipFMC plc secured a contract from Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0 production systems for the Bonga North development in Nigeria. The contract is valued between $250 million and $500 million.

Hitachi Ltd. announced an expansion of its high-voltage switchgear and breakers factory in Mount Pleasant, Pennsylvania, aiming to double production capacity for high-voltage switchgear and breakers, including dead tank breakers, gas-insulated switchgear and hybrid switchgear.

Termomug Çelik, a joint venture between Termosan Çelik and Chinese partners, will invest $25 million in a new steel thermos factory in Şanlıurfa, Turkey. The plant will have a daily production capacity of 40,000 thermoses.

Rospen Industries has secured a £2 million order for dosing machinery from Cavendish Nuclear to assist with the UK's decommissioning targets.

BACHMANN PLANTEC AG will take over HerkuPlast Kubern GmbH on January 1, 2025. HerkuPlast, based in Ering, Germany, produces plastic products for the cultivation sector and employs around 35 people.

STD Transformatör is investing TRY 1.3 billion in a new 24,000 sqm transformer plant in Adana Hacı Sabancı Organize Sanayi Bölgesi, expected to start production in 2026. The plant will produce transformers up to 200 MW and increase employment from 105 to 450.

Nissan and Honda signed a memorandum of understanding on December 23, 2024, to merge, creating the world's third-largest automaker. Mitsubishi Motors also agreed to join the talks.

Bigbloc Construction secured a work order worth INR 4.5 crore from TATA Projects to supply and install 100 mm AAC panels for Micron's semiconductor factory in Sanand, Gujarat. The project is to be completed within three months.

John Deere invested $48 million in renovating 385,000 square feet of manufacturing space and $101 million in equipment and processes at its Harvester Works in East Moline, Illinois, to produce the X9 combine.

SNT Energy has signed a contract worth KRW 71.9 billion to supply air coolers to Bechtel Energy, with the contract period running from December 23, 2024 to September 27, 2026.

Duravant, a global engineered equipment and automation solutions provider, has acquired POSS Design Limited, a Canadian manufacturer of protein processing solutions, to expand its protein processing equipment portfolio.

Anhui Haoyun Machinery, a subsidiary of Anhui Heli Forklift Group, has announced the construction of a new plant for the intelligent manufacturing of 1,000 telescopic forklifts per year, with the construction general contract awarded.

Norwegian seafood processor Sotra Fiskeindustri has signed a contract with Marel for a fish grading solution and a filleting line featuring the MS 2750 machine for salmon and trout processing.

Betamed has begun construction of a new plant in the Mogilino special economic zone to produce surgical staplers and other medical equipment. The project involves investments of about RUB 1 billion and is expected to create 87 jobs, with production launch planned for 2026.

Kangda Environmental Protection (06136) announced that its indirect wholly-owned subsidiary Chongqing Kangda Environmental Protection Industry (Group) Co., Ltd. will sell 100% equity of Zhongshan Kangda Water Co., Ltd. to Zhongshan Xiaolan Water Co., Ltd. for a total consideration of 96.05 million yuan.

Espey Mfg. & Electronics Corp. was awarded a $29.5 million contract by General Dynamics Electric Boat and the U.S. Navy to produce electric power distribution panels for the Columbia class submarines. Deliveries are expected through 2030 for four of the planned twelve submarines.

Guangxi Jiaotou Logistics Group Co., Ltd. awarded two contracts for waterproofing membranes and filament nonwoven fabrics: Keshun Waterproof Technology Co., Ltd. won Lot 1 for 42.87 million yuan and Dayu Jiuding New Material Technology Co., Ltd. won Lot 2 for 45.18 million yuan.

Vescom Groep B.V. has acquired the activities of Koninklijke Nederlandse Textielfabrieken J.A. Raymakers & Co. B.V., a velvet producer that filed for bankruptcy in October 2024. Velvet production will continue at Gemert and Helmond under the new company Vescom Velvets B.V.

Fonterra has commenced construction on a new $150 million UHT cream plant in Edendale, New Zealand. The plant will initially produce over 50 million liters of UHT cream annually, with plans to more than double capacity by 2030, and is expected to create 70 permanent jobs.

Tianyuan Environmental Protection (301127.SZ) signed a contract worth approximately 162 million yuan ($22M) with Yulin Gaoxin Yuheng No.1 Industrial Sewage Treatment Co., Ltd. to build and operate a brine treatment system for the Yuheng Industrial Zone industrial wastewater plant evaporation pond in Yulin, Shaanxi.

UK based lifting gear supplier RHC Lifting has acquired lifting gear supplier Premier Lifting and Safety.

Manitou has acquired the robotics division assets of French test bench group Sitia.

UK rental company Aerial Platforms Limited (APL) has been acquired by private equity owned Centurion group.

Austrian crane/access rental and heavy haulage company Felbermayr has acquired Dutch company Jozef Hermans Industrial Movers.

Dutch aerial lift and telehandler distributor HDW has acquired Ruthmann distributor Kwak Hoogwerker Centrum.

Private equity firm Endless has acquired the UK battery supply business of Ecobat from its US parent Ecobat group.

German rental group Mateco has acquired aerial lift and telehandler rental company Induma Rent.

Allison Transmission is to acquire the Off-Highway business of axle manufacturer Dana for around $2.7 billion.

Brazilian rental company Mills has acquired the equipment and rental operations of Next Rental Locações.