Flag Ship Acquisition Corporation, a SPAC, signed a definitive merger agreement with Great Rich Technologies Limited (GRT) and GRT Merger Star Limited. Upon completion, Flag Ship shareholders will receive ADSs of GRT, and Flag Ship will merge into a GRT subsidiary, with GRT ADSs to be listed on Nasdaq.
EPACK Durable will invest $30 million in the first phase of a new manufacturing facility at Sri City, India, dedicated to producing air conditioners for Hisense. Production is slated to begin in June 2025, with a target capacity of 1 million units by 2027-2028.
ELEKTROTIM S.A., as consortium leader, signed a contract with KGHM Polska Miedź S.A. on October 22, 2024, to replace switchgear and transformers at the Lubin ore enrichment plant. The contract value is PLN 26,441,310 gross, with completion in 120 weeks.
Valmet will deliver the Valmet DNAe Distributed Control System to BIR AS's biogas plant in Bergen, Norway, built by Biovoima Finland Oy. The plant will process organic waste and manure to produce biomethane.
Alleima has decided to establish a new production facility in Penang, Malaysia, for its medical business, focusing on ultra-fine medical wire manufacturing. Site preparations start end of 2024, with first commercial deliveries in 2026.
Sanad, a Mubadala unit, signed a $408 million deal to sell 16 jet engines to Etihad Airways, including GEnx, GP7200, Trent XWB, and V2500 engines for Boeing and Airbus aircraft.
Jindal Panther Cement will invest Rs 2,160 crore to scale up cement production capacity to 7 million tonnes per annum, including a new 1.5 mtpa grinding unit in Angul, Odisha.
Northvale Capital Partners Pte Ltd, part of the promoter group, disclosed acquisition of 1,062,600 shares (36.88%) and additional PAC holdings of 730,800 shares (25.36%) of Integra Switchgear Ltd.
Trützschler Nonwovens and Texnology S.r.l. received an order from O.R.V. Manufacturing S.p.A. to deliver a new production line for needle-punched and thermobonded polyester media, establishing one of Europe's biggest multi-purpose lines.
Core Equipment, a provider of brewing systems, announced a strategic partnership with Bucher Denwel, a member of Bucher Unipektin, to offer specialized cold block equipment for craft breweries and contract packaging facilities.
Golding Contractors, a unit of NRW Holdings, will provide mining services at Stanmore SMC's South Walker Creek mine in Queensland for A$1.6 billion over five years, starting January 2026, employing around 650 workers.
BGEN signed a five-year contract with INEOS O&P UK to provide electrical and instrumentation services at INEOS's Grangemouth site in Stirlingshire, Scotland.
The Centre for Process Innovation awarded a £2 million contract to Bouygues E&S Contracting UK Ltd for the design, construction, installation, and commissioning of a multifunctional polymer chemistry pilot plant at its Wilton Centre facility in Redcar, UK.
Evapco Group inaugurated a new plant in Sorocaba, Brazil, with an investment of R$200 million, creating 800 jobs over three years. The facility produces ventilation systems for cooling towers, mining, tunnels, and data centers.
ENOGIA will supply a turbine for a supercritical CO₂ electricity generation test facility in South Korea, ordered by Sunbo Unitech as part of a KEPCO research program. The contract spans 20 months.
BENTELER Automotive Corporation is investing $47.9 million to expand its manufacturing and assembly facility in Duncan, South Carolina, with building improvements and updated machinery. Expanded operations are already online.
Wood has been awarded a detailed design contract by PolyNovo Limited to deliver a new cleanroom facility in Australia for producing BTM, SynPath and MTX medical devices. The facility is expected to be completed in 2025.
Kongsberg Maritime will supply propulsion, automation and energy systems for ten platform supply vessels being built by Fujian Mawei Shipbuilding in China for Greek owner Capital Offshore. The contract is valued at about NOK 800 million.
Premier Doug Ford directed the LCBO in a letter to launch a new tender process limited to Ontario suppliers for paper bags, after an earlier contract was awarded to a Quebec producer.
India's Rajshree Polypack Ltd has received an international order worth approximately USD 40,000 to develop customized moulds using thermoforming technology, with execution expected to begin in 6-8 months.
Stark Aerospace was awarded a $61,454,230 contract by the Naval Sea Systems Command for MK 41 Vertical Launching System canister production, with options that could bring the total to $312,787,824.
Founder Motor has received a notification to become a supplier of drive motor stator and rotor assemblies for a SAIC Volkswagen project. Mass production and supply are expected to start in the first quarter of 2025, with a demand of approximately 419,000 units.
Boeing announced a confirmed order from Emirates SkyCargo for five Boeing 777 freighters, with delivery scheduled between 2025 and 2026.
BYD has selected the FORVIA-BYD joint venture as a supplier for its upcoming plant in Turkey, following a similar award for its first European plant in Hungary.
CG Power & Industrial Solutions Ltd's board approved expanding power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA at its T3 unit in Malanpur, Madhya Pradesh, with an investment of Rs. 27 crore.
Kruger Products completed construction and started up a new LDC tissue machine at its Sherbrooke, Quebec site, with a capacity of 60,000 metric tons. The $377.5 million expansion includes two converting lines and will produce over 130,000 metric tons at maturity.
Hemlock Semiconductor will receive up to $325 million in federal funding from the CHIPS and Science Act to build a new manufacturing facility on its existing campus in Hemlock, Michigan, to expand production of hyper-pure polysilicon for semiconductor chips. The investment is expected to create 180 manufacturing jobs and thousands of construction jobs.
Bombardier has begun manufacturing major structural components for the first production example of its ultra-long-range Global 8000 business jet at facilities in Saint-Laurent (Montreal), Red Oak (Texas) and Queretaro (Mexico). The aircraft is expected to enter service in 2025.
The U.S. Commerce Department plans to award $325 million to Hemlock Semiconductor to build a new manufacturing facility for semiconductor-grade polysilicon at its existing site in Hemlock, Michigan.
Sofyne Active Technology and AG Solution have partnered, backed by Waterland Private Equity, to create Saphir Group, a pan-European IT services company for Industry 4.0.
Géochanvre will invest €24.3 million to expand its Lézinnes plant, including a new 2,000 m² building and a production line for natural fiber textiles, supplied by Andritz. The line is expected to start in 2026 and create about 10 jobs.
Al Yamamah Steel Industries secured two contracts worth SAR 309.25 million ($82.4 million) from Larsen & Toubro to supply steel towers for power transmission line projects in Saudi Arabia.
Phillips Federal was selected as one of 67 awardees for a $975 million IDIQ contract by the U.S. Air Force Rapid Sustainment Office to support advanced manufacturing and sustainment operations.
Doosan Bobcat announced the rebranding of its subsidiary Mottrol as 'Doosan Mottrol' to enhance vertical integration. Mottrol specializes in hydraulic components and is developing E-Drive technology for equipment electrification. Doosan Bobcat aims to double Doosan Mottrol's sales in five years.
Knauf inaugurated a new plasterboard production site in Fos-sur-Mer, France, a €80 million project. The facility spans 20,000 m², will employ 80 people, and has an annual capacity of 30 million m² of plasterboard.
Elektrotim received an order from Mercedes-Benz Manufacturing Poland to implement a high/medium voltage electrical station and 110 kV power line (Package F) as part of the construction of the Mercedes-Benz VANS car factory in Jawor. The gross value is PLN 61,854,240.
APPLIED Adhesives, a custom adhesive solutions provider, completed its acquisition of AutomationSupply365.
Alleima decided to expand its steam generator tubing (SGT) facilities in Sandviken, Sweden, with an investment of approximately SEK 330 million. The expansion includes refurbishment and reopening of a facility, increasing capacity by about 60% to meet growing nuclear segment demand.
Simumatik signed a definitive agreement to be acquired by Virtualware, a European provider of XR technologies and real-time 3D enterprise solutions. The acquisition aims to enhance emulation and digital twin capabilities.
TD Power Systems signed a 5-year contract with an Indian entity of a major international company to supply traction motors to the European market. The initial order is worth Rs 18 crore, with total expected business volume of around Rs 300 crore over five years.
Caterpillar and Trimble have extended their long-standing joint venture, Caterpillar Trimble Control Technologies (CTCT), to accelerate grade control innovation. The renewed agreement aims to increase industry reach and provide broader availability of interoperable grade control solutions.
Forvia has been selected by BYD to supply its second European factory located in Turkey. Forvia is a long-time partner of BYD and already supplies BYD's first European factory in Hungary.
Al Yamamah Steel Industries signed two contracts with Larsen & Toubro Saudi Arabia to supply steel towers for power transmission line projects. One contract is for a 500 kV line (SAR 170.537 million) and the other for a 380 kV line (SAR 138.721 million).
French car parts supplier Forvia has secured new supply deals with Chinese automakers BYD and Xiaomi. The contracts aim to offset ailing auto demand from domestic manufacturers.
Anglo Irish lifting gear company WH Scott & Son Engineers has acquired UK-based lifting gear supplier and testing company RHC Lifting.
Firan Technology Group Corporation entered into an agreement to acquire all shares of FLYHT Aerospace Solutions Ltd. The consideration implies a price of CAD 0.3379 per share, a 41% premium, with a total maximum cash consideration of CAD 4.3 million and 1.3 million FTG shares.
Vorarlberger Energienetze GmbH awarded a contract to Siemens Energy Austria GmbH for the supply and installation of a 145-kV metal-enclosed gas-insulated switchgear for the Dornbirn Süd substation. The total value is EUR 3,805,878.
Metso is acquiring Jindex Pty Ltd, a privately owned Australian maker of valves and process flow control equipment, to strengthen its slurry handling offering for the mining industry.
Japan's Tsurumi Manufacturing has acquired the entire share capital of Zenit International SpA, holding company of Italian wastewater treatment plant producer Zenit Group, based in San Cesario sul Panaro near Modena. Zenit had a 2023 consolidated turnover of over EUR 40 million.
Flacks Group has acquired Artemyn, a division previously owned by Imerys, which has 1,000 employees across 24 plants and the world's largest kaolin operation in Brazil. Flacks' pump maker Pleuger Industries will collaborate with Artemyn on mining products.