The U.S. Department of Commerce signed a preliminary memorandum of terms for up to $275 million in federal funding for Micron Technology to expand and modernize its manufacturing facility in Manassas, Virginia, creating over 400 manufacturing jobs and up to 2,700 community jobs.

The U.S. Department of Commerce signed a preliminary memorandum of terms to provide up to $50 million in direct funding to X-Fab for the modernization and expansion of its existing silicon carbide fab in Lubbock, Texas, creating up to 150 jobs.

The U.S. Department of Commerce signed a preliminary memorandum of terms to provide up to $16 million in direct funding to SkyWater Technology Foundry Inc. for the modernization of its existing facility in Bloomington, Minnesota, creating approximately 70 jobs.

Formatt Building Products Spain SAU received approval for a PIER (Proyecto de Interés Estratégico Regional) to build a €68.3 million plant for ecological plasterboard production in Calahorra, Spain. The project will create 100 permanent jobs by end of 2027 and 25 more by end of 2028.

Taihan Cable & Solution Co. received a 110 billion won ($76.8 million) order from Sweden's Svenska kraftnat to supply 420 kV cables and equipment for a high-voltage transmission line project across Stockholm.

HankMed (Hantech Medical) completed the acquisition of BD's (Becton, Dickinson and Company) factory in Villamarzana, Italy, including land, plant facilities and production equipment. BD will continue to purchase products from the facility under a manufacturing service agreement, securing $18.43 million in confirmed 2025 revenue.

STRABAG Group plans to acquire all shares of WTE Wassertechnik GmbH from EVN AG, covering significant parts of WTE's European and Middle Eastern business. The fixed purchase price is €100 million.

ANDRITZ received a major order from Juthor Paper Manufacturing Co. (part of MEPCO Group) in Saudi Arabia for a high-speed double-width tissue production line. Start-up is scheduled for 2026.

Mega Polietilen signed a 20 million Turkish lira production order agreement with Çak Holding, owner of the Little Big (LTB) brand, in the apparel sector.

CarbiCrete, Aecon and Lafarge Canada completed a low-carbon building at Aecon's Innovation and Training Centre in Holland Landing, Ontario, using CarbiCrete's cement-free concrete masonry units and Lafarge's ECOpact low-carbon concrete.

Asahi Kasei and Honda signed a shareholders' agreement to convert an existing Asahi Kasei subsidiary in Canada into a joint venture to produce lithium-ion battery separators. Honda will invest approximately C$417 million (US$300 million) for a 25% stake.

The Competition Commission of India approved the acquisition of up to 100% of Covestro AG by Abu Dhabi National Oil Company (ADNOC) via a public takeover offer and capital increase.

NAVFAC Southeast awarded a $33.6 million firm-fixed-price construction contract to Sauer Construction, LLC for chiller line repairs at Fleet Readiness Center Southeast in Jacksonville, Florida. Work is scheduled to be completed by March 2027.

The Competition Commission of India approved the acquisition of 100% of Thyssenkrupp Electrical Steel India Private Limited by Jsquare Electrical Steel Nashik Private Limited, a subsidiary of JSW JFE Electrical Steel Private Limited.

LS Electric's affiliate KOC Electric completed the expansion of its ultra-high voltage transformer production plant in Ulsan, South Korea. The 29.6 billion KRW investment tripled annual production capacity to 100 billion KRW.

PremiStar partnered with Chadwick Service Company, a commercial HVAC and plumbing contractor based in Bensalem, Pennsylvania, expanding its national footprint into the Philadelphia Metro/Delaware Valley region.

Nokia won a contract to supply 5G radio access equipment to BT Group, covering approximately 63% of BT's rollout, or about 11,600 radio sites. The deal makes Nokia BT's largest equipment provider.

BUA Group signed an agreement with Austria's Starlinger for machinery for a packaging facility with capacity of 600 million polypropylene block-bottom bags per year. The deal is Starlinger's largest contract in Africa.

DexKo Global, through its AL-KO subsidiary, acquired Cerma Srl, a family-owned Italian maker of high-precision hydraulic valves and manifolds. Financial terms were not disclosed.

SIG and Colombian co-packer Celema agreed to use SIG's Small 12 Aseptic filling system at Celema's Manizales site, with production expected to start in late Q4 2024.

Austria's Starlinger will equip Nigeria-based Bua Group with packaging machinery for a new facility expected to produce 600 million PP block-bottom bags annually. Starlinger calls it its largest contract in Africa and its second-largest globally.

Kitz Corporation Vietnam, a subsidiary of Japan's Kitz Group, inaugurated a $25 million stainless steel valve factory at Thang Long Industrial Park in Vinh Phuc province on December 10, 2024.

Siemens Energy and SSE launched 'Mission H2 Power' to develop a combustion system for Siemens Energy's SGT5-9000HL gas turbine to run on 100% hydrogen, supporting decarbonization of SSE's Keadby 2 Power Station in the UK.

Exlabesa officially inaugurated a new aluminium extrusion plant in Soure, Portugal, with an investment of over €25 million. The plant has an annual capacity of 16,000 tonnes and created around 120 direct jobs.

Hangzhou Huile Intelligent Technology and Italian company Breton S.P.A. signed a strategic cooperation agreement on December 9, 2024, to collaborate on technology and operations for CNC machine tools.

Applied DB Public Company Limited (ADB) announced the closing of a joint venture deal with AICA ASIA PACIFIC HOLDING PTE. LTD., a subsidiary of AICA KOGYO CO., LTD., which acquired 51% of ADB Sealan Company Limited for 360 million baht.

Samsung C&T Corp. signed an MOU with Sweden's Hitachi Energy to cooperate on high-voltage direct current (HVDC) transmission line projects, focusing on emerging markets in the Middle East, Southeast Asia, and Europe.

Fortescue ordered AUD$400 million of zero-emissions heavy mining equipment from China's XCMG. The 100 pieces of equipment will be deployed at Pilbara mining operations in Western Australia from 2026 to 2030.

BENTELER Group will expand its Grand Rapids area presence with a new 315,000 SF plant at Site 36 in Wyoming, Michigan. The $105 million investment will create 147 jobs, with production scheduled to begin in 2026.

AnX Robotica was awarded a national group purchasing agreement for Gastrointestinal Endoscopy Products with Premier, Inc., effective February 1, 2025, allowing Premier members to access special pricing for NaviCam Small Bowel Video Capsule Endoscopy products.

FPS Food Process Solutions officially opened its Asia Pacific Headquarters in Zhongshan, Guangdong, China, a 463,000 sq ft facility to service the Asia Pacific region and increase global manufacturing capabilities.

Chelsea Building Products broke ground on a new 228,000-square-foot manufacturing facility in Westmoreland County, Pennsylvania, to increase production capacity for PVC window and door profiles. The facility is designed for a potential future expansion of 170,000 square feet.

Shield Manufacturing and Nephron Nitrile announced a joint venture to produce personal protective equipment at Nephron's facility in West Columbia, South Carolina. The venture is expected to create over 500 jobs and produce 3 billion gloves at Nephron's factory.

Rollex Förderelemente, a manufacturer of intralogistics components, has started construction of a new plant at its headquarters in Werne, Germany. The 3,600-square-meter facility will include R&D and production space, with completion scheduled for 2026.

Jennmar, through its subsidiary Jennchem, has acquired a line of mine sealant products from Wright-Mix Material Solutions' Pyro-Chem division. The acquisition expands Jennchem's product offerings for the underground mining industry.

Oriental Yuhong, Keshun, and BNBM were awarded a nearly 200 million yuan waterproofing materials procurement contract from OCT Group for 2024-2026. Each company received over 60 million yuan.

JS Auto Cast Foundry, a subsidiary of Bharat Forge, proposed to invest Rs.67.5 crore to expand capacity at its Perundurai foundry unit near Erode, Tamil Nadu. The expansion will increase production capacity of grey and SG iron castings from 72,000 tonnes per annum to 116,000 tonnes per annum.

ASAP Semiconductor announced its new status as an approved supplier for De Havilland Aircraft of Canada Limited, providing aerospace parts distribution and procurement services.

ALMA MMEP has chosen to represent NISKAE's range of industrial water treatment equipment as its Official Partner in Morocco and several African countries. The partnership offers turnkey construction of water treatment plants.

Cemtrex's Advanced Industrial Services subsidiary was awarded two contracts totaling $6.7 million from the Derry Township Municipal Authority for upgrades at the Clearwater Road Wastewater Treatment Facility in Derry Township, Pennsylvania. The project includes a general contract and HVAC contract to support a new gasification-drying process for biosolids management.

Air Industries Group secured a follow-on contract valued at over $11 million for landing gear assemblies for the U.S. Navy E-2D Advanced Hawkeye aircraft. Production is scheduled to commence in the second half of 2025, with delivery beginning in Q1 2026.

Central Power Systems & Services, a power generator manufacturer, announced an expansion in Platte City, Missouri, investing more than $28.5 million and creating 245 jobs. The expansion includes a hands-on training center and increased production capabilities.

XCMG was awarded a contract potentially worth over US$400 million from Fortescue to supply battery electric mining equipment, including wheel loaders, dozers, water carts, and graders, to Fortescue's Pilbara operations by 2030. The contract was signed at Bauma CHINA 2024.

Tamagawa Seiki held a completion ceremony on November 29, 2024, for a new two-story factory building at its second business site in Iida City, Nagano Prefecture, Japan. The building has a total floor area of about 3,800 m² and aims to increase production capacity for hybrid vehicle angle sensors.

NKT partnered with ABB to expand its high-voltage submarine power cable factory in Karlskrona, Sweden, adding a new factory and a third extrusion tower to become the world's largest such facility. The expansion will produce cables for up to 640 kV DC and support offshore wind farms.

VELEC Group, a specialist in hygienic food equipment, acquired CELTECH, a French company specializing in dosing solutions for pumpable products. The acquisition was announced on December 9, 2024, and aims to complete VELEC's technical solutions range.

Indian Railways awarded a ₹2,041.04 crore contract to Kernex Micro Systems for supply, installation, testing and commissioning of 2,500 sets of on-board Kavach anti-collision equipment. The installation is to be completed within 12 months.

Cicor Group acquired 100% of the shares of Romanian engineering company Evolution Medtec Srl to strengthen its capabilities in the medical technology sector.

Vulcaflex obtained a €25 million loan, with over €15 million earmarked for an investment plan through 2026 to increase production capacity of its Nextethic ecological leather for car interiors. The company supplies BMW, GM, Stellantis, Volkswagen and Mercedes.

Babcock, a Volvo CE dealer, received an order from a major mining contractor for 48 Volvo A60H articulated dump trucks and 12 Volvo EC950E excavators as part of a fleet replacement programme in South Africa. The machines will be delivered over six months.