Fabryka Obrabiarek RAFAMET S.A. signed a contract with RYKO a.s. of the Czech Republic to supply a TOK 80 N axle lathe for EUR 1,032,000, with delivery by December 4, 2025.

Chalco's aluminum foil new energy high-precision aluminum plate/sheet, strip and foil project commenced construction in Qidian Industrial Park, Yunnan, with a total investment of 2.103 billion yuan and an annual capacity of 170,000 mt.

XRG (formerly ADNOC International) announced that its voluntary public takeover offer for Covestro AG achieved a final acceptance rate of 91.32% of shares. The transaction is subject to regulatory clearances and expected to close in the second half of 2025.

Mitsubishi Electric Europe B.V. has agreed to acquire all shares of Irish air-conditioning installation and maintenance company Crystal Air Holdings Limited. The acquisition boosts Mitsubishi Electric's IT cooling and data centre solutions capabilities in Europe.

Thrive Homes Limited awarded a contract for windows, doors and AOV replacement to Anglian Building Products on December 19, 2024. The total awarded value is £3,750,000.

Medtronic's full range of peripheral lower limb artery and carotid artery stent products won the bid in China's Fifth Round National Volume-Based Procurement on December 19, 2024.

Integrated Power Services (IPS) acquired Switchgear Solutions, Inc., effective December 19, 2024. The acquisition expands IPS's power management services in the Southwestern United States.

Heding Electromechanical Co., Ltd. completed a 600 MWh new energy power battery equipment project in Hefei, Anhui, with a total investment of 1.5 billion yuan ($210 million). The new factory triples existing capacity and has started production of lithium batteries for industrial vehicles.

Heli (Lu'an) is building a high-end casting and deep processing R&D and manufacturing base in Lu'an, Anhui, with a total investment of approximately 1 billion yuan ($140 million). Phase I has started production using fully automatic V-process casting.

Bengbu Hydraulic Machinery Co., Ltd. is building an expanded manufacturing base in Bengbu, Anhui, with a total investment of approximately 1.1 billion yuan ($154 million). Phase I has started production with three new production lines.

Hengyang Heli Co., Ltd. is expanding its southern manufacturing base in Hengyang, Hunan, with a total investment of 665 million yuan ($93 million). The project is expected to be completed and operational by June 2025, increasing annual capacity to 60,000 units.

Anhui Heli Co., Ltd. (Anhui Forklift Group) is building the Heli New Energy Intelligent Industrial Vehicle Industrial Park in Hefei, Anhui, with a total investment of 1.04 billion yuan ($145 million). The project is scheduled for completion and production in Q1 2025.

Johnson Controls Navy Systems Inc. was awarded a $19,915,446 cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract by the U.S. Navy for engineering and technical services supporting air conditioning and refrigeration systems. Work will be performed at multiple locations and is expected to be completed by November 2028.

WEG announced an investment in a new factory in Türkiye focused on the production of gearboxes, aiming to increase its product portfolio and strengthen its position in Europe.

The National Energy Services Company (Tarshid) signed a contract with Saudi Arabia Railways (SAR) to implement energy-saving initiatives at SAR's headquarters and Riyadh North Station. The project includes retrofits such as solar panels and LED lighting, with estimated annual savings of 7 GWh.

Shenzhen NKS Power Technology Co., Ltd. broke ground on a new factory in Jiangxi, China, to produce intelligent high-voltage cable accessories and electrical insulation parts. The $45 million project is scheduled for completion and production by July 2025.

ABB India signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa, including two converter factories in Madrid and Valencia and around 400 employees.

Berry Global has acquired CMG Plastics, a maker of injection- and blow-molded rigid plastic packaging with production sites in Somerville, New Jersey and Brantford, Ontario and over 170 staff. CMG says the deal expands its resources and capabilities.

The European Commission approved Jackson Wijaya Limantara's direct and sole control of the four holding companies controlling Asia Pulp & Paper Group, which he is taking over from his father Oei Tjie Goan. The review found no competition concerns.

Boldoduc has acquired 66% of the capital of Tismail, a textile manufacturer known for its brand La Chaussette de France. The deal was signed on December 18, 2024, and aims to combine technical textile and knitting expertise for sportswear and workwear.

German steelmaker Südwest Beteiligungen (SWB) and Dutch Van Merksteijn Group have signed a merger agreement to combine their production and rolling assets. The new company, Reinforcing Steel Europe, will be headquartered in Almelo, Netherlands, pending competition authority approval.

Westlake Innovations Inc., a subsidiary of Westlake Corp., has invested in Universal Matter Inc., based in Burlington, Ontario.

Novares inaugurated a new 20,000 sqm plant in Cerhovice, Czech Republic, on December 18, 2024, replacing a facility destroyed by fire. The plant has 32 injection machines and 5 robotized lines, serving customers like BMW, Stellantis, Toyota, and Tesla.

VA Gruppen Vattenrening AB was awarded a contract by Eksjö Energi AB for new sludge dewatering equipment, valued at 4,951,516 SEK.

Shitian Materials Technology Co., Ltd. agreed to acquire a 55% stake in Zhuhai Sumika Polymer Compounds Co., Ltd. and a 50% stake in Sumika Polymer Compounds Dalian Co., Ltd. from Sumitomo Chemical Company, Limited.

Generate MVR WWT Holdings, LLC received a $12.86 million USDA grant to expand equipment at its liquid manure processing facility in Casco, Wisconsin, and a site in Indiana, increasing annual output to 67,300 tons of dry fertilizer and 8.2 million gallons of liquid ammonium.

SkyWater Technology will invest $127 million to expand its semiconductor manufacturing facility in Bloomington, Minnesota, creating 70 jobs, supported by a $19 million state grant.

Dongguan Saipu Electromechanical Device Co., Ltd. launched a new production facility in Foshan, Guangdong, to increase manufacturing capacity for hot melt glue machines.

Fortex & Co opened a full-cycle knit fabric factory in Podolsk, Moscow region, with an investment of 800 million rubles, producing 2,000 tons or 4.5 million linear meters of knit fabric per year for mattresses.

Foresea was awarded a 3-year contract for the ultra-deepwater drillship Norbe IX with Petrobras for work offshore Brazil, valued at approximately USD 417 million including mobilization fee, starting in early 2026.

Almeco plans to complete extrusion facility investment in Alabama, USA, with an estimated annual capacity of 10,000 tons, with full operation expected in 2026.

Almeco will begin trial operation of a new extrusion plant with an annual capacity of 20,000 tons in Sacheon, South Korea, in January 2025, completing vertical integration from casting to extrusion.

Vestas received an order from Meridian Windpark Günstedt GmbH & Co. KG for 10 V162-6.2 MW turbines totaling 62 MW for the Günstedt wind farm in Germany, including a 20-year service agreement.

Daimler Truck North America announced a $285 million investment at its Detroit Diesel subsidiary to modernize the plant and expand it to manufacture electric components for medium and heavy-duty electric trucks.

Nelson Manufacturing will undertake a multi-million dollar investment for a new 73,000 square-foot facility in Ottawa, Ohio, for grit blasting, painting and assembly. The expansion will create 18 new jobs.

AA Metals, Inc. acquired a majority share in Métallifer Aluminium Inc., a Canadian aluminum distributor with facilities in Montreal and La Prairie.

Ecohelix and Domsjö Fabriker signed a 20-year term sheet to initiate commercial production of Woodmer biopolymers at Domsjö's mill in Sweden. Ecohelix plans a commercial demo with 500 t/a capacity, with full scale of 10,000 t/a envisioned for 2028.

ArcelorMittal is acquiring the Pecém unit in Ceará, Brazil, for R$11.2 billion as part of its R$25 billion investment program.

Paceline Equity-backed RELAM has acquired Falcon Equipment, a Surrey, British Columbia-based equipment solutions and specialty truck company.

Gentex Corporation has signed a definitive agreement to acquire VOXX International Corporation in an all-cash transaction for $7.50 per share. The deal is expected to close in the first quarter of 2025, subject to shareholder and regulatory approvals.

Preformed Windings unveiled a new state-of-the-art facility in Sheffield, South Yorkshire, on December 6, 2024, for the production of high-voltage diamond coils for motors and generators.

MEB has won 5 out of 5 phases pursued for the Nutrient Reduction Project at the South Central Wastewater Authority (SCWWA) in Virginia, originally bid in 2022 with an estimated cost of $234 million. The project includes sludge conditioning, electrical upgrades, pump station construction, clarifier replacement, and BNR tank expansion.

Qemtex Chemical Holding plans to double the capacity of its new powder coatings plant in Umm Al Quwain, UAE, from 5,000 to 10,000 tons annually in a second phase launching in 2026.

Qemtex Chemical Holding has launched a new powder coatings plant in the Umm Al Quwain Free Trade Zone, UAE, with an initial capacity of 5,000 tons per year, to be doubled to 10,000 tons in a second phase in 2026. The company invested EUR 15.2 million in the project, which includes an R&D center.

STS Metals, a portfolio company of Tinicum, has acquired Valley Forge, a manufacturer of custom forged products in titanium and specialty alloy steels for aerospace, defense and space industries. Valley Forge operates in Azusa, California.

Hyperion (KKR) has announced an agreement to acquire TEMSA Transformaciones y Estudios Metalúrgicos, along with sister companies Plusdur and Metadur. These Barcelona-based companies specialize in high-precision tooling for wear applications.

Tytex Slovakia will receive an investment incentive of €484,085 in income tax relief to expand textile production in Humenné. The company plans to invest over €3.38 million in machinery by March 2025 and expects production to increase by 30.1%.

Sarplast Industrie is completing a €4.5 million investment plan at its Sarreguemines site to optimize and robotize processes. The program runs over five years and is supported by the French automotive recovery plan and a loan from Sodiv.

Bridge to Life Ltd. acquired the VitaSmart Hypothermic Oxygenated Machine Perfusion System from Medica S.p.A., including exclusive global trademark rights. The deal strengthens Bridge to Life's position in organ preservation.

Private equity fund SARMIS Capital, through its portfolio company Smart ID Technology, acquired Total Technologies, a Honeywell technology integrator for industrial automation in CEE.