Magnachip expanded production of its 7th generation MXT LV MOSFETs based on Super Short Channel FET technology, with production growing 120% in the first three quarters of 2024.
Lone Star Funds announced the signing of a definitive agreement to sell AOC, a global specialty chemicals company, to Nippon Paint Holdings Co., Ltd. The transaction is subject to regulatory clearances and expected to close in the first half of 2025.
HaF Equipment, a Minnesota-based bulk material handling company, acquired substantially all assets of Semi-Bulk Systems, a St. Louis company specializing in wet ingredient mixing. The transaction was completed on October 28, 2024, and combines dry and wet ingredient processing under one umbrella.
Aspen Pumps Group acquired Malco Tools, Inc., a Minnesota manufacturer of tools for the HVAC and building construction industries. Malco becomes the North American headquarters of Aspen, and its CEO takes over as CEO of Aspen Pumps Group North America.
FEMSA reached a definitive agreement to sell its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for 3,165 million Mexican pesos on a cash-free, debt-free basis. Closing is subject to regulatory approvals.
TC Transcontinental agreed to sell its industrial packaging operations to Hood Packaging Corporation for US$95 million, subject to working capital adjustments. The Thomasville, North Carolina operations and 138 employees are transferred, and Hood also acquires the industrial packaging business of the Ontario, California plant.
Baker Hughes delivered Masoneilan valve systems for the residual hydrocrackers at HPCL's Visakhapatnam Refinery and IOCL's Panipat Refinery, with total valve supply valued at over USD 10.3 million.
Hanon Systems announced a new plant in Woodbridge, Ontario, to produce electric scroll compressors for hybrid and battery electric vehicles, with capacity of up to 900,000 units annually and about 300 planned jobs. Production is expected to start in the first half of 2025.
Lanka Corrugated Industries is upgrading capacity at a new 10-acre facility in Millaniya, Bandaragama, with a corrugator line capable of producing 4,000 metric tons of packaging per month.
Knauf Egypt inaugurated its third gypsum board factory in Egypt with an €80 million investment, with a production capacity of 60 million square meters per year.
APM Terminals Maasvlakte II placed a large order with Konecranes for 71 automated guided vehicles, a battery switching station and simulation software.
TCPL Packaging plans to establish a greenfield packaging facility near Chennai in Southern India, close to major industrial manufacturing hubs. No investment value or timeline was given.
Rehrig Pacific celebrated the grand opening of a 264,000-square-foot manufacturing facility in Buckeye, Arizona. The facility, built on a 35-acre site, is expected to create about 115 full-time jobs and can be doubled to 500,000 square feet in the future.
Neste and Braskem reached an agreement for the supply of renewable and recycled feedstocks (Neste RE) for polymers and chemicals production. Braskem will process the feedstocks in its South American plants and sell products under the Wenew brand starting Q4 2024.
Gränges completed the acquisition of a casting and hot-rolling facility in Shandong province from Shandong Innovation Group, with SIG acquiring a 20% stake in Gränges' Chinese subsidiary.
China Energy Group Ningxia Coal Industry Co., Ltd. has selected LyondellBasell's Hostalen ACP technology for a 300 kiloton per year high density polyethylene plant to be built in Yinchuan City, Ningxia, China.
Nefab's Polyflex is investing $1.8 million in a new tooling and research and development center in Michigan. The article does not provide further details on location or timeline.
Dexcom is building a state-of-the-art continuous glucose monitoring manufacturing facility in Athenry, Co Galway, Ireland, representing a €300 million investment over five years. The facility will create approximately 1,000 jobs and is on target for completion in 2026.
MRPC, a contract manufacturer of medical device assemblies, has started a $3 million expansion and renovation of Cleanroom 6 in Butler, Wisconsin. The project includes new injection molding machines from Austria and Japan to support high-volume production of liquid silicone rubber and high consistency rubber medical components.
GE Aviation received a $77.5 million firm-fixed-price contract from the U.S. Navy for repair and spare components for the stores management system on F/A-18, AV-8B, and H1 aircraft. Work will be performed in Clearwater, Florida, with completion expected by October 2029.
Leeds-based flexible packaging manufacturer Roberts Mart struck a long-term agreement with Swedish firm Pronova AB. Under the agreement, Roberts Mart installed new bag making equipment to produce bags for Pronova's Joker bagging system.
Chen Hsong Holdings Ltd. received new orders from automaker BYD for injection molding machines to equip additional factories for electric vehicle production. Previously, Chen Hsong filled an order for 500 machines to equip 10 factories.
AAON, Inc. was awarded orders totaling approximately $174.5 million from one data center customer to provide custom-designed thermal management systems for liquid cooling. The equipment will be manufactured under the BASX brand at existing and new facilities in Longview, Texas, with delivery expected in the first half of 2025.
Hitachi Building Systems and Hitachi Lift India secured an order from CRC Group for 56 units of elevators and escalators (44 elevators, 12 escalators) for CRC The Flagship commercial project in Noida, Uttar Pradesh, India.
Aluwind Architectural Limited received an acceptance letter from Runwal Realty for design, supply, and installation of aluminum windows and facades for 19 towers at projects in Mumbai, Thane, and Pune, India, worth approximately INR 899 million. The order is to be completed within three years.
APM Terminals Maasvlakte II B.V. selected Konecranes to supply an Automated Horizontal Transport System, including 71 battery-powered Lift AGVs, TEAMS ECS extension, a Third Battery Exchange Station, and CONTROLS Emulation software, to support doubling its Rotterdam terminal capacity. The order was booked in Q3 2024, with delivery and commissioning expected to begin in 2025.
Modine officially opened a new 29,000m² Airedale factory in Bradford, UK, dedicated to producing precision cooling products for data centres, including computer room air handlers and fan walls. The site started production two months ahead of schedule and boosts UK data centre cooling capacity by 150%.
ASG TGM (Techni-Grind Machining) doubled its footprint in Preston by acquiring an additional 11,000 square feet adjacent to its existing facility. The expansion supports a new Tier 1 aerospace contract worth over £1 million annually for machining large aerospace components.
South Korea's Keyang Electric Machinery won an order to supply seat motors to Hyundai Motor and Kia Corporation, with a contract valid from February 2026 to December 2029 and expected sales of KRW 288.41 billion.
Sinoma International's subsidiary Handan Sinoma Construction, along with Nanjing Fiberglass R&D Institute, BNBM Group and Barkfon Industrial, will invest in a joint venture to build a 50,000-ton-per-year rock fiber board production line in Handan, Hebei.
Sinoma Science & Technology's subsidiaries Taishan Fiberglass and Nanjing Fiberglass R&D Institute will jointly invest CNY 1.302 billion to build a new facility in Tai'an, Shandong, with an annual capacity of 26 million meters of specialty fiberglass fabric.
Wuhan Heavy Machine Tool (Wuzhong Group) won a contract for high-end CNC floor-type boring and milling machines for the nuclear industry, with a single unit value exceeding 10 million RMB.
Chinalco and Sweden's Sapa signed a memorandum of understanding to form a 50% joint venture to build an aluminum extrusion and manufacturing plant in southern China, producing railway parts.
DeZURIK is expanding internal capacity at its Sartell, Minnesota facility, including six new machining centers and doubling assembly capacity for larger valves.
Ondupack SAU, part of CL Grupo Industrial, launched a new corrugated board factory in Navalmoral de la Mata, Cáceres, Spain, with an initial capacity of 60 million m² per year and a planned 200 million m² project capacity. The 60,000 m² plant is equipped with Fosber, BOBST and Emmepi machinery.
Shawton Energy is installing a fully funded rooftop solar system with 1,042 panels on Duo UK's 44,000 sq ft warehouse in Manchester, expected to generate 504,070 kWh annually.
Göteborgs Stål AB was awarded a framework agreement by Trafikverket for the supply of commercial and special steel to the ferry company, valued at 4,000,000 SEK. The award date was 24 October 2024.
City Cement signed a share-swap agreement to acquire all shares of Umm Al-Qura Cement, with a swap ratio of 1.11 new CCC shares for each UACC share.
Vipal Borrachas held a groundbreaking ceremony for a new industrial plant in Feira de Santana, Bahia, Brazil. The facility will produce tires with a capacity of 750,000 units per year, and the company will also expand existing motorcycle tire and rubber compound production lines.
Technosub Group acquired the EDDY water treatment system line from Fordia Group Inc. (Fordia powered by Epiroc) on October 24, 2024. The system will be supported through Technosub's Mudwizard division.
Filtration systems manufacturer M.W. Watermark announced an $8.5 million, 48,000-square-foot addition to its facility in Holland Township, Michigan. Construction is expected to begin next week and finish by June 2025, and the company expects to add jobs.
Bosch and Jiangling Motors Corporation Group (JMCG) signed an agreement to establish a joint venture in Nanchang, China, focused on developing and selling electric drive axle systems for light-duty commercial vehicles. The joint venture will have a registered capital of 500 million yuan (63 million euros), with Bosch owning 60% and JMCG 40%.
Atlas Holdings signed an agreement to acquire REHAU Automotive from REHAU Group. REHAU Group will hold about a third stake in the new company formed by combining REHAU Automotive and SRG Global, which Atlas also agreed to acquire.
Texas Instruments began production of gallium nitride (GaN)-based power semiconductors at its factory in Aizu, Japan, quadrupling its internal GaN manufacturing capacity between its factories in the US and Japan.
Building materials provider Quikrete has approached Summit Materials with an acquisition offer. Summit Materials has a market value of more than $7 billion. Talks are at an early stage.
Private equity investor Snow Peak Capital LLC acquired TurbineAero Inc., a Phoenix-based provider of MRO services for aircraft auxiliary power units. Terms were not disclosed.
British International Investment committed INR 205 crore (USD 24 million) to Magpet Polymers to build India's first integrated single-line bottle-to-bottle food-grade recycling plant in Kharagpur, West Bengal, with an annual capacity of 45,000 metric tonnes.
Prinoth unveiled its expanded production facility in Granby, Canada, with a $25 million investment that nearly doubles the size of the existing plant. The expansion enhances production capacity for crawler carriers and snow groomers.
Armstrong International opened a new 29,000-square-foot industrial heat pump manufacturing facility in the U.S., assisted by a grant from the U.S. Department of Energy's Defense Production Act Program.
DENSO announced a $100 million expansion of its manufacturing operations in Athens, Tennessee, adding 54,560 square feet of new production space and creating 200 jobs.