POSCO signed an investment agreement with Gwangyang City and South Jeolla Province to invest KRW 1 trillion in a new large electric arc furnace at Gwangyang National Industrial Complex, with 2.5 million tons capacity, starting operation in 2026.
Hanwha Aerospace signed a KRW 473.1 billion supply contract with Korea Aerospace Industries (KAI) for 17 types of components for the initial mass production of the KF-21 fighter aircraft.
Hero Electronix venture Tessolve signed a definitive agreement to acquire 100% of Germany-based semiconductor design firm Dream Chip Technologies for up to €42.5 million.
BHI (BHI Co., Ltd.) signed a KRW 140 billion contract with Korea Southern Power Co. (KOSPO) to supply LNG combined-cycle power generation equipment.
L G Balakrishnan & Bros is setting up a new factory in Nagpur for power transmission chains and components for automotive and industrial sectors.
L G Balakrishnan & Bros Ltd (LGB) announced a ₹40 crore investment to expand auto parts production capacity at its Oragadam plant near Chennai.
SM Vexel signed a contract to supply electric vehicle drive parts (mid-case and housing actuator) worth 14.5 billion KRW to Hyundai Transys, a parts affiliate of Hyundai Motor Group. The parts will also be supplied to Saudi Arabia's SEEAR electric vehicle company.
GCT Semiconductor Holding Inc. signed a definitive agreement with a European tier one wireless infrastructure and terminal provider to collaborate on Fixed Wireless Access technology using GCT's 5G solutions. FWA devices are expected to launch in the second half of 2025.
EnviroChemie is supplying ultrafiltration and reverse osmosis systems to the Oldenburg and East Friesian water board (OOWV) for a project in Nordenham, Germany. From summer 2026, treated wastewater will be supplied to Kronos Titan for industrial use, with 1.1 million cubic meters annually.
Unica Textile Mills SA, a division of Unica Group, is setting up a new PU coating plant in Pretoria, Gauteng, with a monthly production capacity of 450,000 meters. The facility is expected to be completed by November 2025 and will create over 200 jobs.
中工际华重工(青岛)有限公司 has completed construction of a green smart mining equipment industrial park in Dongjiakou Economic Zone, Qingdao, with an investment of 2.5 billion yuan. The plant will produce unmanned electric mining trucks and is expected to start production by end of 2024.
Boston Scientific agreed to acquire Intera Oncology, a medical device company that provides the Intera 3000 Hepatic Artery Infusion Pump and floxuridine for treating liver tumors. The acquisition expands Boston Scientific's interventional oncology offerings.
BB Cranes will manufacture six overhead cranes for boatbuilder Robertson and Caine, including a record 30-metre-span crane. The order also includes cranes for spans of 20m, 19m, 18m, and a 10-ton crane with 20m span.
Australian OEM HMPS acquired machine engineering company Engi-O, adding aseptic and non-aseptic bag-in-box packaging systems to its portfolio. Engi-O's assets and eight team members have been integrated into HMPS's Melbourne operation.
Seven projects with a total investment of CNY 1.73 billion broke ground in Xiantao, Hubei, including five nonwoven upgrade projects by Hubei Baole New Materials, Hubei Donghaixiang, Xiantao Tongda, and Hubei Baisheng Nonwoven Products.
Hubei Tuoying Group began construction of a 250,000-tonne-per-year automotive nonwoven materials project in Xiantao, Hubei, China, with an investment of CNY 300 million (approx. USD 42 million). The project covers 177 mu of land and includes 80,000 sqm of factory space.
Ju Teng International (03336) entered into a purchase contract with Shenzhen Huahai Da between January and November 2024. The contract is for the purchase of various industrial machinery, equipment, and facilities for producing plastic and metal casings, with a total consideration of approximately HK$65.9 million.
Gujarat Toolroom Ltd successfully executed an order valued at ₹310 million for Reliance Industries Ltd's oil and gas division. The order included design, manufacturing, and delivery of specialized equipment. This brings completed orders for Reliance to ₹600 million in the current financial year.
Viscofan inaugurated a new production plant in Rayong, Thailand, for finishing cellulosic and collagen casings, after an investment of close to EUR 22 million. The 30,000 m² site has 8,630 m² of floor space and will also serve Southeast Asia.
Nakakita Seisakusho agreed to acquire Ace Valve Co. from Dta Investment Co. on November 26, 2024, with completion expected December 20, 2024. Ace Valve reported KRW 21.4 billion in total revenue for 2023.
TriMas launched a new 225,000 square foot, highly automated packaging facility in Haining, China, consolidating its Hangzhou and older Haining plants. The site makes dispensing and lotion pumps, caps and closures.
Coca-Cola Europacific Partners announced a planned £42.3m investment in a new 38-metre automated storage and retrieval system warehouse at its Wakefield site, adding 29,500 pallets of capacity. The build will take two and a half years.
Bien Hoa Packaging JSC (Sovi) will spend VND1,175 billion on relocating its Bien Hoa 1 plant to Loc An-Binh Son industrial park in Dong Nai and expanding its Binh Duong factory. Shareholders are to vote at an extraordinary general meeting on December 18, 2024.
Thimm developed optimised standard shipping boxes for the DocMorris online pharmacy and became its new central packaging supplier for all shipping locations. The redesign reduced box height and cut 40 truck journeys per year.
Al Marwan Heavy Machinery signed a dealership contract with Sinoboom at Bauma China 2024 (November 24-27) to distribute Sinoboom aerial work platforms in the GCC and Middle East.
Canadian Gypsum Company (CGC) is constructing a $210 million manufacturing plant in Wheatland County, Alberta. The facility will produce gypsum wallboard, interior finishing materials, and suspended acoustical ceilings, creating approximately 100 full-time jobs. Construction started in May 2024, with operations expected by spring 2026.
Fibertex Personal Care adjusted its Malaysian spunmelt output due to weakened demand and large-scale production expansion in the market. The parent company Schouw & Co. reported a DKK15 million ($2.2 million) charge related to one-off costs and a significant reduction in employees.
Arfem Alüminyum completed the first phase of a $130 million investment at its facility in Diyarbakır Organized Industrial Zone. The $30 million first phase includes a new aluminum billet casting plant with a monthly capacity of 6,000 tons and annual capacity of 72,000 tons.
Raghu Vamsi Aerospace Group laid the foundation stone for a new state-of-the-art facility in Hyderabad, with an investment of Rs. 300 crore. The facility will span 200,000 square feet across three buildings, dedicated to R&D, assembly, and manufacturing, and is expected to add 1,200 jobs over three years.
Panasonic Electric Works India (PEWIN) plans to increase installed capacity of switches and sockets at its Sri City plant from 10 million to 40 million units per month in two phases by 2030, with a total investment of around ₹400 crore. Phase 2 (₹100 crore) will raise capacity to 20 million units by 2025, and Phase 3 (₹300 crore) will add a new plant for another 20 million units.
Minth Automotive Europe doo has submitted an environmental impact assessment request to build a third production facility in its Loznica industrial complex. The new plant will produce aluminum profiles for the automotive industry via extrusion, with two lines having capacities of 4,500 and 5,500 tons per year. The final full capacity of the complex will be 50,000 tons per year of aluminum billets consumption.
Kunshan Daya Automotive Parts Co., Ltd., a wholly-owned subsidiary of Chuzhou Dolly Automotive Technology Co., Ltd., received project confirmation notices from two leading domestic NEV manufacturers to supply integrated die-casting parts. Mass production is expected to start in 2026, with total sales estimated at 1.2-1.4 billion yuan over the project life cycle.
Luoyang Deyu Machinery Technology Co., Ltd. officially opened a new plant in Luoyang City, China, on November 23, 2024. The new facility aims to enhance production capacity, optimize processing technology, and meet growing market demand for mining and metallurgy equipment.
Basf's integrated acrylic acid project in Zhanjiang, Guangdong, awarded a contract for ZAM board supply to Zhonggang Supply Chain Management (Ningbo) Co., Ltd. for a value of 5,262,453 yuan.
Leonardo DRS received an $18.8 million fixed-price incentive contract from the U.S. Department of Defense for logistics support of the Tunner Aircraft Cargo Loader, with work performed in Bridgeton, Missouri.
MP Industry Group, a Romanian automotive supplier, inaugurated its first factory in Morocco at Tanger Automotive City. The facility, built with a 437.62 million dirham investment, will produce plastic components using injection molding and is expected to create 150 jobs.
Riken Vietnam Co., Ltd. inaugurated its second plant in Binh Duong province, Vietnam, on November 22, 2024. The $38 million facility covers 7.5 hectares in VSIP II-A Industrial Park and has an annual capacity of 32,000 tons of plastics.
OZ Lifting Products LLC is preparing to relocate to a new 40,000 square-foot facility on Innovation Drive in Winona, Minnesota, which is four times larger than its current building. The new facility will provide increased storage, advanced testing capabilities, and potential expansion of manufacturing operations.
SureKap LLC, a portfolio company of LFM Capital and a packaging equipment provider, has acquired Technical Beverage Services, a provider of automated packaging equipment. Terms were not disclosed.
RGF Environmental Group has acquired Southeast Coating & Fabrication, a Florida powder coating company. The acquisition will bring powder coating capabilities in-house at RGF's West Palm Beach facility.
GKN Aerospace announced plans to increase capacity and efficiency at its facility in Trollhättan, Sweden, with a new production area utilizing digital processes. The expansion is expected to be fully operational in 2026.
GLN, a Portuguese plastics company, announced an expansion of its operations in Querétaro, Mexico, with an investment of over US$9.5 million. The new project will be located in the Airport Industrial Park.
Liebherr has signed a contract worth approximately €2.5 billion to supply 475 mining machines to Australian miner Fortescue. The order includes 55 electric R 9 400 E shovels to be assembled at Liebherr's Colmar site.
Francks Kylindustri and Therma Industri have acquired Naturlig Kulde, a Norwegian commercial cooling and heat pump systems company based in Heimdal, Trondheim. The acquisition strengthens their position in the Trøndelag region.
Hudson Acquisition I Corp. and Aiways Automobile Europe GmbH have signed a definitive business combination agreement. The transaction values Aiways Europe at $410 million and will result in the combined entity listing on Nasdaq.
Riken Vietnam Co., Ltd. inaugurated its second factory in VSIP II-A Industrial Park, Binh Duong province, Vietnam. The 7.5-hectare factory produces synthetic plastic compounds and related plastics, with a registered investment of US$38 million and capacity of 32,000 tons per year.
Lordan bought 19.9% of Spanish coil company Sereva and established a new company, Lordan Iberian Coils (LIC), in which Lordan holds a majority stake. LIC will focus on Lordan's existing markets.
Kiremko and Shree Surendra Foods signed an agreement to construct a new potato flake line in Uttar Pradesh, India. The project aims to create employment opportunities in the agricultural sector.
Manitowoc Tool & Machining (MTM) acquired the assets of Butler Gear. MTM will relocate all equipment from Butler and integrate operations under the GV Machining name, entering the gear-cutting and splining market.
Federal Polyamide Company (FPK), a subsidiary of Uralplastik, will build a polyamide film plant in the Koltsovsky logistics park near Yekaterinburg, Russia, with an investment of 1 billion rubles (approx. US$10.5 million). The plant is expected to launch by end of 2026.