GE Vernova and PGE announced the start of commercial operation of the 1.4-GW PGE Gryfino Dolna Odra combined cycle power plant in Poland. GE Vernova provided two blocks of 683 MW each with gas turbines, steam turbines, generators, and a 12-year service agreement.
Foley Company acquired SALSCO, Inc., a turf maintenance equipment manufacturer based in Cheshire, CT, effective November 1, 2024.
Copeland announced a Rs 500 crore investment in India to expand its manufacturing facility in Atit, Maharashtra, by 7,350 sq m and construct a new 15,000 sq m global R&D centre in Pune, Maharashtra. The expansion will add an advanced scroll compressor line.
JSTEC (제이스텍) announced a contract to supply AGV (Automated Guided Vehicle) unmanned transport robots to Samsung SDS. The contract value is 7.074 billion won, with a term until May 30, 2025.
Tadano is to acquire IHI Transport Machinery Co, the crane and material handling subsidiary of IHI Corporation.
Premier Aggregates and Ada Sand & Gravel combined their businesses to form Premier Aggregates Holdings, LLC, now the largest independent supplier of construction and landscape aggregates in southwest Idaho. The merger was announced on November 6, 2024.
Bracco Group inaugurated a new multi-functional building called Hexagon in Plan-les-Ouates, Geneva, on 6 November 2024. The EUR 80 million facility will triple production and distribution of an ultrasound contrast agent.
MV Line Group, through its subsidiary MV Extrusion S.p.A., acquired a controlling stake in ETA S.p.A., an Italian aluminum profile extrusion company based in Pozzilli. The acquisition aims to expand MV Line's product range and market presence in aluminum processing.
Freudenberg-NOK Sealing Technologies announced that its subsidiary Corteco has acquired Seal Aftermarket Products (SAP) LLC, a Florida-based aftermarket company that sells automotive transmission kits and components.
Framatome signed a contract with TechnicAtome to supply primary pumps for the nuclear boilers of France's PA-NG aircraft carrier, with a prototype due in 2027 and commissioning in 2038. The pumps will be made at Framatome's Jeumont site.
Voith and Mehrer Compression signed a strategic partnership to develop, manufacture and market oil-free compressors for hydrogen applications. Voith will contribute scale-up and industrial manufacturing expertise.
Alcor Micro (安國國際科技) approved a simplified merger with its 90.91%-owned subsidiary Star Semiconductor (星河半導體), with Star Semiconductor as the disappearing company. The merger is expected to close on December 31, 2024, with minority shareholders receiving TWD 234 per share in cash.
INOAC and Rogers Corporation agreed to dissolve their joint ventures in Japan and China as of 5 November 2024. Rogers Inoac Corporation in Japan will become a wholly owned subsidiary of INOAC, while Rogers Inoac Suzhou Corporation in China will become a wholly owned subsidiary of Rogers.
Polyplex expects the expansion project at its Decatur, Alabama, production facility to start up in the first quarter of 2025. The site added a new BOPET line with an annual capacity of 50,000 tonnes and increased resin capacity from 58,000 to 86,000 tonnes.
Marotta Controls opened a new 10,000-square-foot facility in Chaska, Minnesota, to design, develop, and manufacture advanced brushless DC motors under the Motorfox brand. The facility supports the company's Control Actuation Systems for aerospace and defense applications.
Giga Device Semiconductor has announced the acquisition of a 70% stake in Suzhou Syscore Electronics Technology.
Eiffage, through its subsidiary Eiffage Construction, has been awarded a contract to design, build, operate and maintain the university areas of the Grand Paris Nord campus in Saint-Ouen-sur-Seine. The project covers almost 77,000 m² and is expected to be delivered in Q3 2029.
ABB and Niedax Group have completed a 50/50 joint venture named Abnex to expand cable management solutions in North America. The JV will combine ABB's Installation Products Division with Niedax Group's capabilities.
DS Smith has invested over €25 million in its Polish production lines in Kielce, Bełchatów, and Sosnowiec. The investment is expected to increase annual packaging production capacity by about 25 million square metres and glued boxes by 7.5 million square metres.
RTE has contracted with Prysmian, Nexans, NKT-SolidAl and Hellenic Cables for the supply and installation of about 5,200 km of high-voltage underground power cables, worth almost €1 billion. Cables will be produced in Europe, including at Prysmian plants in France.
Ainscough Crane Hire took delivery of the first seven of 14 Liebherr mobile cranes as part of a £40 million order to standardise its fleet. The package includes seven LTM 1230-5.1 and seven LTM 1300-6.3 cranes.
Integrated Water Services, Inc. (IWS) announced the acquisition of Hi-Line Industries, a designer and manufacturer of custom-fabricated equipment based in Brenham, Texas. The acquisition aims to vertically integrate manufacturing capabilities for water treatment solutions.
Ecolab announced the acquisition of Barclay Water Management, a provider of water safety and digital monitoring solutions based in Newton, MA. The transaction closed on November 1, 2024. Barclay's 2023 sales were approximately $50 million.
Akonovia, an engineering consulting firm, merged with IME Experts-Conseils, a mechanical and electrical design firm, to broaden services in energy transition. Announced November 5, 2024.
Emerson Electric proposed to buy the remaining shares of AspenTech it does not own at a valuation of $15.1 billion, offering $240 per share in cash. Announced November 5, 2024.
Polymatech Electronics plans to invest $100 million in a semiconductor manufacturing facility in Bahrain. Phase 1A ($16.5 million) in leased premises starts January 2025; Phase 1B ($83.5 million) on owned land starts October 2026. Announced November 2024.
Septodont and Acteon Group signed an agreement to acquire Inibsa, a Spanish pharmaceutical laboratory specializing in dental products. Septodont will hold 51% and Acteon Group 49%. Announced November 5, 2024.
Hidden Harbor Capital Partners acquired Norplex Micarta, a producer of high-performance thermoset composite materials, from Industrial Dielectrics Holdings on November 5, 2024. Terms were not disclosed.
Welspun Corporation received two orders worth $155 million for supply of helical submerged arc welded pipes to the US, announced on November 5, 2024.
Sohar Cement Factory, part of Raysut Cement Group, increased its production capacity to 5,000 tonnes per day, bringing annual capacity to 1.75 million tonnes. The expansion was announced in November 2024.
GigaDevice Semiconductor Inc. plans to acquire approximately 38.07% of Suzhou Saixun Electronic Technology Co., Ltd. for about 316 million yuan in cash, as part of a consortium acquiring 70% of Suzhou Saixun. Suzhou Saixun specializes in analog chips including lithium battery protection and power management chips.
BASF has officially opened a new production line for water-based dispersions at its Heerenveen site in the Netherlands. The expansion increases production capacity without additional CO2 emissions, using green electricity from the Hollandse Kust Zuid wind farm.
Voltamp Transformers Limited has received a Letter of Intent from Gujarat Energy Transmission Corporation Limited for the supply of various ratings of power transformers. The order is valued at INR 2,633.3 million and is to be completed within 12 months.
Wekaba has inaugurated a new R25 million automotive manufacturing plant in the Alrode industrial zone in Johannesburg, South Africa. The plant includes over 100 machine centres and has created 22 new jobs.
China Oriental Group and ArcelorMittal will jointly build two flat steel plants in China. The first plant will have a hot strip mill with 2.5 million mt annual HRC capacity, potentially expanding to 3.5 million mt. The second plant will produce 1.5 million mt of electrical sheets, potentially expanding to 1.8 million mt.
Robertet has acquired Phasex Corporation, a US-based company specializing in supercritical CO2 extraction technology. The acquisition strengthens Robertet's presence in North America and expands its capabilities in natural ingredients for flavors and fragrances.
MV-Jäähdytys Oy, a subsidiary of Nordic Climate Group, has acquired JV Jäähdytysvoima Oy, Karjalan Kylmähuolto Oy, and CoolRef Oy, all located in Lappeenranta, Finland. The acquisitions employ 12 people and strengthen MV-Jäähdytys's presence in eastern Finland.
Pinggao Electric and its subsidiaries won bids from State Grid Corporation of China for multiple procurement projects, with total winning amount of about 1.959 billion yuan, accounting for 17.68% of 2023 revenue.
State Power Investment Corporation (SPIC) signed a memorandum of cooperation with Siemens Energy on November 5, 2024, to expand their strategic partnership in gas turbines, green energy technology, third-party markets, and talent training.
BorgWarner announced three major contracts for its High Voltage Coolant Heater technology: with a Chinese automaker for a battery electric SUV (production Q2 2025), a Korean EV manufacturer for an electric pickup truck (production early 2025), and a Japanese automaker (production 2028).
Wayvis was selected as contractor for the 'Next-Generation Air Defense Weapon System Radar X-band FEM Research and Development Project' worth 6.4 billion won, hosted by the Agency for Defense Development, to develop GaN-based FEM core components over three years.
Solar Industries India received an order worth Rs 887 crore from Singareni Collieries Company for supplying explosives and initiating systems for blasting of overburden, to be executed within two years.
Aurora Flight Sciences, a Boeing subsidiary, is investing $43.8 million to expand its aerosystems production facility in Columbus, Mississippi. The project will add 50,000 square feet of new manufacturing space, refurbish 40,000 square feet, and create 63 new jobs.
Foxconn's packaging subsidiary Foxsem plans to invest $80 million to expand chip manufacturing capacity at its Bắc Giang facility in Vietnam. The expansion will focus on Co-Packaged Optics (CPO) components, with full-scale mass production expected by December 2026 and annual capacity reaching 4.5 million units.
Linde Material Handling agreed to acquire the shares of Pelzer Fördertechnik GmbH from Reesink GmbH, part of Royal Reesink. Pelzer Fördertechnik is an authorized dealer of Linde products with around 270 employees.
SAKATA INX CORPORATION, through its U.S. subsidiary, established INX International Coatings and Adhesives Co. and acquired all businesses and related assets of Coatings & Adhesives Corporation, a North American coatings manufacturer with $86 million in revenue.
SPIG S.p.A., a leader in industrial cooling systems, and GMAB, a Swedish specialist in industrial fume treatment, came under the control of AUCTUS Capital Partners and managers Alberto Galantini and Costante Alverà. The deal was financed by a private debt pool including Anthilia SGR, Ver Capital, and Green Arrow.
Brenntag Specialties officially opened an extension of its CASE and Construction Innovation & Application Center in Duisburg, Germany, doubling the laboratory space to enhance technical services for coatings, adhesives, sealants, elastomers, and construction materials.
Sandur Manganese & Iron Ores Ltd announced the acquisition of an additional 20% stake in Arjas Steel Private Ltd, giving it 100% ownership. The enterprise value is approximately ₹3,000 crore, with completion expected by November 15, 2024.
Voortman Steel Machinery, a Netherlands-based manufacturer of CNC steel processing machinery, plans to expand its operations in Monee, Illinois, with a $51.4 million investment. The project includes a 100,000-square-foot facility and is expected to create 51 jobs.