SKF has signed an agreement to divest its ring and seal operation in Hanover, Pennsylvania, USA, to Carco PRP Group through its US aerospace subsidiary PCTI, for a total enterprise value of USD 220 million. The divestment is expected to close during the first quarter of 2025.

Cambi secured a contract to provide its thermal hydrolysis process (THP) technology to the Palma Wastewater Treatment Plant (EDAR II) in Palma de Mallorca, Spain. The project was awarded by a consortium of Tedagua, Lantania and Copasa.

ABB began the phased opening of a new $100 million campus in New Berlin, Wisconsin, to increase U.S. production capacity of industrial electric drives. The facility features geothermal heating and modern HVAC systems.

Aliprot announced the construction of a new biodegradable packaging plant in the Manaus Industrial Pole, with investments of BRL 200 million in structure and USD 12 million in equipment. The facility will have 20 robotic machines and produce 8,100 tonnes/year of rigid cellulose packaging.

The Afghan caretaker government's Ministry of Mines and Petroleum signed a $163 million contract for the construction of a cement plant in Jawzjan province. The plant will produce 3,000 tonnes of cement daily and create about 1,200 jobs.

Knauf Egypt plans to invest US$86 million in a third gypsum plant in Egypt, doubling its total production capacity of gypsum wallboard to 60 million m²/yr. The plant will serve domestic and export markets.

Cast Products Incorporated (CPI) started construction of a 30,000-square-foot building in Limestone County, Alabama, which will create 14 jobs. The project is being built by Premier Structures Incorporated.

Power Services Group opened a new 65,000 sq. ft. steam turbine repair facility at its Gainesville, Georgia campus in October 2024. The expansion doubles operations and includes state-of-the-art repair equipment and R&D capabilities.

PGE Polska Grupa Energetyczna's 1.4 GW Gryfino Dolna Odra combined cycle power plant in Western Pomerania, Poland, began commercial operation. The plant uses GE Vernova HA combined cycle equipment and will replace old coal units.

SoftBank CEO Masayoshi Son announced that a $150 million robot factory in Saudi Arabia, a joint venture with Alat (a PIF company), is expected to open in December 2024. The factory will produce automated industrial robots with AI.

Useon held a relocation ceremony for its new factory in the Jurong Economic Development Zone. The factory has a total building area of over 32,000 square meters, including a dedicated R&D workshop and heavy-duty workshop, enhancing production capacity for polymer extrusion equipment.

UPM Biochemicals, Selenis and Bormioli Pharma partnered to produce the world's first pharmaceutical bottle partially made from wood-based PET, using UPM's BioMEG. The bottles will be available from Q1 2025.

Magna launched its new Dual Clutch Transmission Eco (DCT Eco) for a European OEM, with a high-volume contract award for ICE vehicles. Production has already started.

CECO Environmental has agreed to acquire Profire Energy, a provider of burner management and combustion control systems, in an all-cash transaction valued at $125 million.

BAE Systems will invest £220 million ($285 million) to upgrade its advanced aerospace technologies factory in Rochester, England, creating 300 jobs over five years.

Faymonville Group selected Little Rock, Arkansas for its first U.S. production facility, investing over $100 million and creating 500 jobs. The 54-acre site will be built in phases, starting with 409,000 sq ft.

Rubicon has bought a majority stake in Jacopa, a water and wastewater treatment business.

TIGHITCO, Inc. announced that its TIGHITCO Latin America division received a multi-year follow-on agreement from Boeing Commercial valued at $82 million. The contract covers thermal insulation safety products, sheet metal assemblies, and spares for multiple Boeing aircraft models through 2028.

Tadano Ltd. entered into a definitive merger agreement to acquire Manitex International, a holding company for lifting equipment brands, for $223 million including debt. The transaction is expected to close in Q1 2025.

Metreel, a UK manufacturer of mechanical lifting solutions, announced a strategic partnership with Prolift Crane & Hoist of Ontario, Canada. Prolift will manufacture Metreel's Met-Track range for the Canadian market.

The BESIX-Indaver consortium started construction of a new sludge mono-processor plant at ArcelorMittal Belgium's site in the port of Ghent. The plant will recover energy from wastewater of 4 million inhabitants and is expected to be operational from 2027. Investment cost is around €200 million.

Gulf Manufacturing Holdings Group LLC (GMI Group) acquired Buxton Special Alloys Limited (BSA), a UK-based supplier of carbon, stainless steel, and nickel alloys. The acquisition expands GMI's product portfolio into bar stockholding.

Safran announced plans to invest over €1 billion and hire 4,000 people worldwide to significantly expand its jet engine maintenance network, responding to strong demand for LEAP engines.

Transformers and Rectifiers (India) Limited secured orders totaling INR 2,702.1 million from Siemens Ltd., Adani Energy Solution Ltd., AMNS India Limited, and Jindal Group for the supply of power transformers and reactors. Deliveries are scheduled for the next financial year.

Aramco awarded Wood a seven-year engineering contract for Saudi gas mega-projects, which will employ more than 400 people at peak.

SLB OneSubsea was awarded an EPC contract by bp for a subsea boosting system for the Kaskida project in the deepwater U.S. Gulf of Mexico, including a high-pressure subsea pump solution with integrated power and controls umbilical.

Konecranes will supply a customized 125-ton hoist crane and overhead crane to TerraPower's Natrium Reactor Demonstration Plant in Wyoming, ordered by Bechtel in June 2024, with delivery and installation planned for autumn 2025.

Dawon Nexview signed a supply contract worth 1.3378 billion KRW for pLSMB HSB equipment with a domestic probe card manufacturer, with the contract period until January 10, 2025.

Profils Systèmes invested nearly €25 million over four years to modernize its Baillargues facility, including an €8 million expansion with a 5,000 m² building and vertical powder coating line (operational March 2020), and a €17 million investment for a 2,500-tonne extrusion press (commissioned January 2024), creating 40 jobs.

Standex International acquired US-based Amran Instrument Transformers and India-based Narayan Powertech in separate cash-and-stock transactions with a combined enterprise value of approximately $462 million, expanding its electrical grid market presence.

Shenzhen Jialida Energy Technology, a subsidiary of Tus-Design Group, won a contract to retrofit the central air conditioning system at Suzhou International Expo Center in China, including 10 years of operation and maintenance.

GE Vernova secured a contract to supply a 9HA.01 gas turbine for YTL PowerSeraya's 600MW hydrogen-capable CCGT power plant at Pulau Seraya Power Station on Jurong Island, Singapore. The project, estimated to cost S$800 million ($604.14 million), is slated for completion by December 31, 2027.

Thor Medical signed a strategic master supply agreement with ARTBIO for a 5-year supply of Thorium-228, with potential revenues of up to NOK 400 million (USD 38 million). The Thorium-228 will be produced at Thor Medical's planned commercial facility at Herøya Industrial Park in Norway, with an investment decision expected in Q1 2025.

SPIE signed an agreement to acquire 100% of Elektromontaż-Poznań, a Polish electrical installation services company with revenue of about €70 million in 2023 and 330 employees. The acquisition is expected to close in Q1 2025, subject to antitrust approval.

Airedale by Modine opened a new production facility in Bradford, UK, for manufacturing computer room air handlers and fan wall units to meet data center demand. Production began two months ahead of schedule, and the site is expected to create over 200 jobs over three to five years.

Raneal Advanced Systems, a wholly owned subsidiary of DCX Systems, received export orders from Lockheed Martin Global Inc for $45,199,440 (Rs 379.67 crore) to supply electronic assemblies. The order is expected to be completed within 12 months.

Bosch signed an agreement with JMC Group to establish a joint venture for the development and sales of light commercial vehicle electric drive systems in Nanchang. The JV will have a registered capital of CNY 500 million (EUR 63 million), with Bosch holding 60% and JMC Group 40%.

ACTEGA, a specialty coatings manufacturer, is establishing a new 238,000-square-foot facility in Kings Mountain, North Carolina, consolidating four existing premises. The facility is expected to be fully completed in 2025 and will house ink technology development and production for flexible and metal packaging.

Shunsin Technology Vietnam, a Foxconn subsidiary, is applying for an environmental permit for an $80 million chip manufacturing project in Quang Chau Industrial Park, Bac Giang, Vietnam. The facility will produce integrated circuit boards with a capacity of 4.5 million units per year and is expected to be fully operational by December 2026.

Grupo Verzatec announced an additional investment of 500 million pesos in the Parque Industrial Mitras in García, Nuevo León.

Grupo Verzatec opened a new solid polycarbonate production line at IMSA Plastics in García, Nuevo León, with a 100 million peso investment and 3,000 tons annual capacity, and announced an additional 500 million peso investment in the same industrial park.

Yokogawa Europe, with KBC and Ekium, won the front-end engineering design contract for ICSS, telecoms, and system integration of the Aramis carbon capture and storage project in the North Sea.

Beehive Industries received a $12.46M contract to develop a 200 lb. thrust class small expendable turbine engine using additive manufacturing, with work in Cincinnati, Denver, and Knoxville.

BorgWarner won contracts to supply its electric cross differential to GAC Motor, an East Asian OEM, and a European OEM for BEV applications. Production for GAC Motor is underway; others start in 2026.

UnitiWall will supply the exterior building envelope for a 12-storey mixed-use development in Oshawa, Ontario, using its prefabricated wall system.

Dow and Ambipar signed an MoU to explore mechanical recycling opportunities in Brazil, aiming to increase polyethylene recycling from 2,000 to 60,000 tons per year by 2030 and build new facilities.

Meril inaugurated a new medical device manufacturing plant called 'Meril Park-1' in Chala, Vapi, Gujarat, India on October 29, 2024. The plant will produce surgical robotics, heart valves, stents, and cancer research equipment.

Aluminum Corporation of China Limited (Chalco) agreed to acquire 100% equity of Zhongzhou Aluminum Co., Ltd. and Zhongzhou Aluminum Co., Ltd. from its wholly-owned subsidiary Chalco New Materials Co., Ltd. for approximately CNY 9.621 billion on October 29, 2024.

Siemens, together with two other suppliers, won a DKK 100 million tender to supply 10kV distribution systems for Cerius-Radius' large transformer stations in East Denmark. The contract runs for five years with three one-year extension options.

Polyrocks Chemical (Angola) Ltd. inaugurated its new base at Ode Industrial Park in Dande City, Bengo Province, Angola on October 29, 2024. The facility produces hygiene nonwoven fabrics and films with annual capacities of 10,000 tons and 3,600 tons respectively.