Xinxiang Chemical Fiber (Xinxiang Bailu Investment Group) has signed an agreement for a 36 billion yuan ($36M) project in Dongying, Shandong, covering Juncao (a type of grass) cultivation and bio-based fiber production. The first phase includes a 5,000-ton Juncao fiber pilot line scheduled to start production in December 2024.
The National Reconstruction Fund Corporation made a $40 million equity investment in Russell Mineral Equipment (RME), a mining equipment manufacturer, to support growth of domestic manufacturing capabilities at its facility in Toowoomba, Queensland.
Mitsubishi Electric will invest approximately 10 billion yen to construct a new facility for the assembly and inspection of power semiconductor modules at its Power Device Works in Fukuoka Prefecture, Japan. The plant is scheduled to begin operations in October 2026.
SYCLEF, a leader in industrial refrigeration and air conditioning, acquired CLIMASET, a climate engineering group with €13 million revenue and 64 employees, to strengthen its presence in the market.
OSI Systems' Optoelectronics and Manufacturing division received an order for approximately $11 million to provide critical electronic sub-assemblies for a healthcare OEM.
WEG announced an investment plan of approximately US$ 62 million to expand production capacity at its manufacturing site in Rugao, China, including the construction of a 30,000 m² factory for high-voltage electric motors, expected to be completed in 2026.
Havells India announced plans to establish a refrigerator manufacturing facility in Ghiloth, Rajasthan, with an investment of approximately Rs 480 crore. The plant will add a production capacity of 14 lakh units, expected to be operational by the second quarter of FY27.
Berlin Packaging has entered a definitive agreement to acquire Rixius AG, a German rigid packaging supplier serving DACH and Benelux, with closing expected in Q4. Private equity firm BWK will exit its stake.
Walker Manufacturing has acquired Danfoss's Light Duty product line, including Model 7 and Model 11 hydrostatic variable displacement pumps and transmissions, moving production to its Fort Collins, Colorado facility.
BEL Valves has designed, manufactured and installed 55 high integrity valves on the central processing facility of the ETAP project in the Central North Sea for a subsea tieback to a world-leading energy supplier.
Valmet has delivered a complete pulp mill with full-scope automation and flow control solutions for Arauco's new mill in Brazil, with a 3.5 million tonne per year capacity and an order value over EUR 1 billion.
Taiwan's NeoSCM Limited has received an investment registration certificate for the Neotek Vietnam Industrial Factory, a $88 million project in Ham Kiem 2 Industrial Park, Binh Thuan province, Vietnam. The 13.24-hectare plant will produce 120,000 tons of suspension components annually, with construction starting in 2024 and operations beginning in 2027.
IntelliEPI has received a $4.12 million grant from the Texas Semiconductor Innovation Fund to establish a 30,000-square-foot wafer production facility in Allen, Texas. The project involves over $41 million in capital investment and will nearly triple the company's annual wafer production capacity.
Rollon Corporation is constructing a $16 million, 147,000-square-foot manufacturing facility in Norton Shores, Michigan, to produce linear components, actuators, robotic transfer units, multi-axis systems and gantries. The facility is expected to be operational in summer 2025 and create up to 43 new jobs.
PyroGenesis signed a contract with an undisclosed steel manufacturer to assess the applicability of its electric plasma torches for use in the customer's electric arc furnace steelmaking and casting process, with a 60-90 day project starting in Q4 2024.
The international Macopharma group GMPi acquired German company Lmb Technologie, a provider of blood sector equipment. The acquisition aims to strengthen Macopharma's range of blood component processing solutions and expand its market presence in Europe, America, and the Middle East.
The 14. Oktobar factory in Kruševac, Serbia, announced a €24 million investment to construct new facilities and acquire equipment to boost production capacity. The factory, part of Czechoslovak Group, produces metal components and large-calibre ammunition.
Trivest Partners completed the sale of its portfolio company Total PowerGen Solutions to Audax Private Equity. Total Power is a provider of commercial and industrial power generation solutions in Canada, operating 17 facilities. Terms were not disclosed.
Senior Material (Europe) AB, a subsidiary of Senior Material, signed a memorandum with Sepion Technologies for the supply of approximately 11.74 billion square meters of battery separator products from 2026 to 2028. The companies will collaborate on novel coatings for lithium-ion battery separators.
MAHLE has been awarded a contract by MAN Truck & Bus to supply components for the hydrogen engine of the MAN hTGX truck. The order covers about 200 vehicles, with first deliveries to customers planned for 2025.
Vodovod i kanalizacija d.o.o. Split awarded a €79.25 million contract to a consortium of WTE Wassertechnik GmbH and HERING d.d. for the design and expansion of the Stupe wastewater treatment plant in Split, Croatia. The project will increase capacity to 275,000 population equivalents and raise treatment to secondary level.
Starlinger & Co Gesellschaft m.b.H. has taken over the woven packaging division from Windmöller & Hölscher, including its Viennese subsidiary W&H Machinery GmbH.
PG Electroplast, through its subsidiary PG Technoplast, signed a definitive agreement with Spiro to manufacture electric vehicles, lithium-ion batteries and related components.
AeroVironment will acquire BlueHalo in an all-stock transaction valued at approximately $4.1 billion, creating a diversified defense technology company.
A workshop for producing water treatment and purification equipment was built ahead of schedule in Dubna, Moscow Oblast, Russia, with an investment of about 350 million rubles, creating over 50 jobs.
Marinomed Biotech AG signed an agreement to sell its Carragelose business to Unither Pharmaceuticals for up to EUR 20 million, including upfront and milestone payments, subject to regulatory and shareholder approvals.
Eco Buildings Group received a letter of intent from Gramma Constructora SRL for a £190 million order of 10,000 modular homes for the Dominican Republic, with an initial tranche of 2,000 units per year subject to regulatory approvals.
RefPlus plans to celebrate its 30th anniversary on November 21, 2024, at its new factory in Saint-Hubert, Quebec, dedicated to producing CO₂ equipment for RefPlus and its subsidiary Ceptek.
RefPlus installed its first CO₂ condensing unit at a facility in Quebec, Canada, and has shipped a second unit to a client in Vermont, USA. The company also launched a CO₂ rack with parallel compression and its subsidiary Ceptek released a CO₂ high-temperature heat pump in 2024.
Elcam announced the establishment of a new manufacturing plant in the Dominican Republic with an $80 million investment. The facility is expected to start operations in 2026 and create about 160 jobs in its first stage.
TMH-Electrotech in Novocherkassk, Russia, has begun production of four new types of asynchronous traction electric motors for modern electric trains, metro cars, shunting locomotives and electric locomotives. Total investment in the project is 6.7 billion rubles, creating 481 jobs.
Autoneum signed an agreement to acquire 70% of Jiangsu Huanyu Group, a Chinese automotive supplier of acoustic and thermal management components, for about CHF 75 million. The transaction is expected to close in March 2025.
PG Electroplast's subsidiary PG Technoplast signed a definitive agreement with Spiro Mobility to become the exclusive manufacturing partner for Spiro's electric vehicles, lithium-ion batteries and related components in India.
Piedmont Lithium and Sayona Mining have signed a definitive agreement to combine in an all-stock merger with approximately 50/50 ownership. The transaction includes equity raisings totaling about $99 million.
3S Korea (Sam-Es Korea) has begun full production at its Jeongnam factory in Hwaseong, South Korea, to manufacture logistics automation equipment for semiconductors, displays, and secondary batteries. The company plans to expand into new businesses including secondary battery certification testing and HBM production line wafer carriers.
Direct Capital completed an investment in Active Refrigeration Group, New Zealand's market leader in refrigeration and HVAC services. The investment is from Direct Capital VI fund.
Panduit Corp. announced the strategic investment of a new 90,000 square-foot manufacturing facility for electrical connectivity and grounding products in Monterrey, Mexico.
Ya YA Foods, a Canadian beverage manufacturer, is expanding its operations in Ogden, Utah, faster than initially anticipated. The company has a long-term agreement with Oatly to produce finished products at the site and plans to serve other customers.
The Shepherd Color Company announced the continuation of its $40M+ facility enhancement in Cincinnati, Ohio. Phase one, a $20M capacity expansion and upgrade, increased capacity by 15%. Phase two is scheduled to launch by year end.
GE Aerospace was awarded a production contract for Integrated Data Acquisition Recorder (IDAR) systems for the USAF fleet of 396 KC-135 aircraft. Deliveries will begin in 2026 and continue through 2031.
Jinguan Electric (688517.SH) announced it has won a bid from State Grid Jiangsu Electric Power for distribution network equipment, with a total winning amount of CNY 26.4 million.
RARIK ohf. awarded a contract to Johan Rönning hf. for the design, manufacture and supply of power transformers, valued at €4,611,968.
Gaon Cable announced it has secured a 100% stake in LSCUS, a distribution cable manufacturer in Tarboro, North Carolina, by acquiring the 82% stake held by LS Cable & System.
Yama Saha of Sahalift has acquired Aichi's long term European importer Aichi Sales Office and its affiliate ASO Parts.
Canopy Brands has acquired Spanish lifting equipment manufacturer Alba-Macrel Group (Alba).
GameChange BOS is nearing completion of a new 180,000 sq. ft. transformer manufacturing facility near Mumbai, India, with a capacity of 5,400 MVA. The first phase can produce 1,800 medium-voltage transformers annually.
Fresenius Medical Care has been awarded a national group purchasing agreement for Mechanical Circulatory Support with Premier, Inc. in the U.S. The agreement allows Premier member hospitals to access pre-negotiated pricing for the Novalung ECMO System.
Guohe (Liaoning) Carbon Fiber Composite Materials Co., Ltd. is building a carbon fiber composite materials plant in Fuxin, Liaoning, China. The total investment is 2 billion yuan (approx. USD 276 million), with phase one expected to start production in October 2025.
Mondi started up a new extrusion line at Mondi Coating Štětí in the Czech Republic, part of a wider investment including a new production building, coating and slitting machinery, to expand FunctionalBarrier Papers output.
J de Jonge Group acquired a majority stake in Dutch screw spindle pump maker Holland Legacy Pump Group, which will be rebranded as J de Jonge | HLP within its Specialties division.