Solvay will license its hydrogen peroxide process technology to North Huajin Refining and Petrochemical Company for a 300,000 tpy propylene oxide facility in Panjin, China, with planned launch in 2026.
DS Smith is investing over €25 million in production lines and machinery parks at its facilities in Kielce, Bełchatów, and Sosnowiec, Poland, to increase packaging production capacity.
Yorkshire Purchasing Organisation has awarded a framework agreement for the supply of PVA, tapes and adhesives to seven winners including Texet Sales, Anglo Adhesives, Habico, Pentel, Bostik, Henkel, and Robinson Young. The contract was awarded on Nov. 1, 2024, with a duration of 50 months.
Intraplás, a Portuguese sustainable dairy packaging maker, invested more than €15 million between 2023 and 2024 in new PET and PS extrusion and IML-T packaging lines in Santo Tirso. The investment created more than 20 direct and indirect jobs.
Amcor agreed to combine with Berry Global in an all-stock merger in which Berry shareholders receive 7.25 Amcor shares per share, creating a combined company with an enterprise value of about $37 billion. Closing is targeted for mid-2025.
Saica Groupe acquired all of Schumacher Packaging's operations in Poland, including two corrugated board plants in Bydgoszcz and Wroclaw, two paper mills in Grudziadz and Myszków, and three service centres, effective 31 October 2024 after anti-trust approval.
Exel Composites has received a purchase order of EUR 10 million for the supply of carbon fiber planks to a major wind turbine manufacturer in South Asia.
The majority shareholder of Fehr Lagerlogistik AG acquired Italy-based Matter srl, both companies providing automated storage and material handling systems for intralogistics. The acquisition was finalized on October 31, 2024.
Burlington Apparel Fabrics received a $74.76 million and American Woolen Co. a $20.565 million firm-fixed-price contract from the Defense Logistics Agency for heritage taupe gaberdine cloth for the U.S. Army.
Colson Group, through its retail subsidiary Shepherd Hardware, acquired Forearm Forklift, a manufacturer of lifting straps. The acquisition broadens Shepherd Hardware's material handling product offerings.
RPM International Inc. has acquired TMP Convert (TMPC), a France-based company that produces decking and landscaping products under the Jouplast brand, sold primarily to professional and DIY end users in Europe.
Trelleborg signed a protocol to create an industrial unit at Midparc specializing in manufacturing sealing systems for the aerospace sector. The investment is 11 million euros and is expected to create 150 jobs.
German company MASTERFLEX SE signed a protocol to create a production unit in Casablanca specializing in flexible ducts for the aerospace sector. The investment is 2.5 million euros and is expected to create 70 jobs.
JWF Industries announced plans to invest $150 million to build two new facilities and add equipment, aiming to create 200 new jobs over two years. The company is exploring sites in Hastings, Ebensburg, or Johnstown, Pennsylvania.
SeAH Superalloy Technologies broke ground on its first U.S. manufacturing facility in Temple, Texas. The $110 million plant will produce superalloys for aerospace, industrial gas turbines, and oil & gas markets, creating 100 jobs.
Mariestads Kommun has awarded a contract to RUNNÄS B AB for a dry sludge collection solution at Hova ARV and Gullspång ARV, valued at 7,100,000 SEK. The contract runs from January 2026 to October 2028.
Favrskov Spildevand A/S has awarded a contract to AFRIDANA A/S for the supply of polymers for sludge dewatering, with an estimated value of 3,000,000 DKK. The contract runs from Dec. 1, 2024 to Nov. 30, 2026, with options for extension.
Jupiter Bach North America held a groundbreaking ceremony for a new 21,000 square-foot manufacturing facility in Pensacola, Florida, investing nearly $6 million and creating 100 new jobs. The facility will produce nacelles and spinner covers for wind turbines and is planned to be completed by Jan. 1, 2025.
American Woolen Co. has been awarded a five-year, $20.565 million firm-fixed-price, IDIQ contract by the Defense Logistics Agency for heritage taupe gaberdine cloth. The ordering period ends Oct. 30, 2029.
Burlington Apparel Fabrics has been awarded a five-year, $74.76 million firm-fixed-price, IDIQ contract by the Defense Logistics Agency for heritage taupe gaberdine cloth. The ordering period ends Oct. 30, 2029.
HEXPOL has signed an agreement to acquire 80% of the shares in Piedmont Resin Supply LLC, a US nylon compounder, for $86 million on a cash and debt free basis. The closing took place on October 31, 2024.
Onto Innovation Inc. acquired Lumina Instruments Inc., a laser scattering technology company, and the lithography business from Kulicke and Soffa Industries Inc., including 24 issued patents. The acquisitions are expected to generate up to $100 million in annual revenue within three years.
Qorvo announced that MediaTek has selected Qorvo as a key supplier of Wi-Fi 7 front-end modules for the MediaTek MT6653 Wi-Fi 7/Bluetooth combo chip used in the Dimensity 9400 platform. Volume shipments are expected in Q4 2024.
Structural Aerospace Morocco (SAM) signed an agreement with the Moroccan state to expand its production site at Nouaceur aeropole with a new industrial unit for manufacturing and assembly of aero-structures. The first phase involves an investment of 75 million dirhams and is expected to create 200 jobs.
Gordon Technologies LLC, an Enersol company, has acquired Vertex Downhole Trading LLC, the Eastern Hemisphere business of Vertex Downhole Technologies Inc. The deal includes intellectual property rights for Winc, Winc+, and Mudlink technologies.
Vermeer Corporation has acquired the rights to develop, manufacture and distribute Normag's fully electric horizontal directional drill rigs, generator sets and fluid management systems. The technology will be moved to Vermeer's EMEA headquarters in Goes, Netherlands.
Sharp Industries has supplied a wide range of machine tools to SpaceX's Hawthorne, CA headquarters and Bastrop, Texas facility over the past two years, including CNC mills, lathes, grinders, and saws. The partnership began with an initial order for Hawthorne and expanded to Bastrop.
John Deere Reman announced a $13.5 million expansion of its remanufacturing facility in Strafford, MO, adding 120,000 square feet to reach 400,000 square feet. Construction is set to break ground in mid-2025 and be completed in 2026.
Ideal Power Inc. received orders from a global Tier 1 automotive supplier for B-TRAN bidirectional semiconductor power switches, a SymCool power module, a solid-state circuit breaker evaluation board and a driver. The customer is interested in using B-TRAN for solid-state EV contactor applications.
Merck KGaA's Electronics business completed the acquisition of Unity-SC, a provider of metrology and inspection instrumentation, for €155 million plus milestone payments. The deal strengthens Merck's optronics offering for the semiconductor industry.
GE Vernova's Nuclear business (GE Hitachi Nuclear Energy) selected Canada-based Worley Chemetics to design and fabricate the isolation condenser system for the BWRX-300 small modular reactor. Worley Chemetics also joined the BWRX-300 qualified supplier group.
IMI plc acquired TWTG Group B.V., a leader in smart connected asset monitoring solutions for process industries based in Rotterdam, Netherlands, for €25 million in cash. TWTG will become part of IMI's Process Automation sector.
Thyssenkrupp Aerospace and SKF signed a two-year contract extension for the supply of steel, stainless steel, titanium, aluminum, and copper to SKF's facility in Lons le Saunier, France. Thyssenkrupp will also provide supply chain services.
Ardian, through its Ardian Semiconductor platform, completed the acquisition of Ion Beam Services (IBS), a French semiconductor equipment and services company specializing in ion implantation. The acquisition provides growth financing and supports a management transition.
Wipak Group announced multi-million-euro investments, including a new state-of-the-art extrusion production line completed at Wipak Nastola in Finland, boosting capacity for recycle-ready and healthcare packaging. Cleanroom facilities for Steriking products will be updated and expanded over the next three years.
Toyo Engineering Corporation (China), a subsidiary of Toyo Engineering, was awarded an EPC contract by DP Engineering Plastics (Nantong) Co., Ltd. to construct a polyacetal (POM) resin plant in Nantong, China. Completion is scheduled for 2026.
Tutor Perini Corporation, in a joint venture with Nan, Inc., was awarded a $330.6 million contract by the Naval Facilities Engineering Systems Command, Marianas, for the Apra Harbor Waterfront Repairs Project in Guam. The design-build project includes repairs to the Glass Breakwater and waterfront areas damaged by storms.
Ideal Power received orders from a global Tier 1 automotive supplier for multiple B-TRAN devices, a SymCool power module, and other products for EV applications.
Resortecs partners with Sioen to integrate heat-dissolvable threads into workwear production. Resortecs will install a Smart Disassembly line in Belgium with 3000-ton annual capacity by end of 2025.
Vanderlande signed an agreement to acquire Siemens Logistics from Siemens. The acquisition has board approval from Vanderlande, Toyota Industries, and Siemens.
RSE and Biomatrix formed a strategic partnership to deliver nature-based solutions for sustainable water management. RSE also made an equity investment in Biomatrix.
GKN Aerospace officially opened a new high-tech factory in Trollhättan, Sweden, for additive manufacturing of large aircraft engine components. The facility, supported by SEK 152 million from the Swedish Energy Agency as part of a SEK 600 million total investment, is the world's first commercial facility for additive manufacturing of large structural aircraft engine components.
ZAPI GROUP, a global leader in electrification, acquired UBIQUICOM, a leader in Real-Time Locating Systems (RTLS) for manufacturing, transportation and logistics. The acquisition bolsters ZAPI GROUP's capabilities in material handling automation and systems integration for OEMs.
HD Hyundai Oilbank signed a share acquisition agreement with Japan's Cosmo Oil to acquire all shares of HD Hyundai Cosmo, a joint venture producing aromatic petrochemicals. The acquisition will be followed by an absorption merger, removing restrictions on production and enabling high-margin products. An MOU for future cooperation in SAF, circular naphtha, and CCUS was also signed.
Mitsubishi Electric Mobility Corporation and AISIN CORPORATION signed a business partnership agreement to develop electric drive modules for next-generation xEVs, terminating earlier plans for a joint venture. Development is scheduled to commence promptly, with product launch targeted for the second half of the 2020s.
Hunan SUND Technological, a Chinese bearing supplier, signed a letter of intent to acquire 100% of German ultra-precision spindle maker Levicron for at least EUR 8.5 million (USD 9.2 million). The deal aims to expand SUND's product portfolio into oil-free bearings and air-bearing spindles and enhance its overseas presence.
Öresundskraft AB awarded a contract for the rental of air-cooled chillers to Trane Sweden Aktiebolag, Zeppelin Sverige AB, and Aggreko Sweden AB. The contract value is SEK 4,560,000, covering the period from summer 2025 to 2027, with possible extension to 2028.
Asahi Kasei and Honda signed a shareholders' agreement to convert an existing Asahi Kasei subsidiary in Canada into a joint venture for lithium-ion battery separator production. Honda will invest approximately C$417 million (US$300 million) for a 25% stake. The joint venture is expected to start operations in early 2025.
Jet Investment has finalized the sale of TEDOM, an energy-engineering group, to the global Yanmar Group. The transaction is one of the largest M&A deals in the Czech market this year, with Jet Investment achieving a nearly sevenfold return on its original investment.
Jinguan Electric Co., Ltd. announced it has been awarded a contract by State Grid Corporation of China for surge arrester products across two bid packages, with a total value of RMB 39.378 million (approx. USD 5.5 million). The contract includes a portion for the Aba-Chengdu East 1000 kV UHV AC transmission project worth RMB 26.1899 million.