ADL is completing construction of its fourth plant in Kolomna, Moscow region, with a 9,600 m² production hall. The plant is expected to start operations in Q4 2024, with investments of about 1 billion rubles and 80 new jobs created.
Vayoil Textil has been selected as the official supplier of Paradores de Turismo for all room, bathroom, and restaurant textiles. The contract was announced on October 9, 2024.
Thailand's Board of Investment approved a $400 million investment by Continental AG to expand its existing tyre manufacturing facility in Thailand. The expansion was announced on October 9, 2024.
Iarnród Eireann-Irish Rail awarded a contract to Irish Cement Limited for the supply of cement, valued at EUR 2,000,000, with a term of 60 months to October 2029. The award was published on 2024-10-09.
Lizhong Sitong Light Alloys Group received orders worth a total of CNY 5.5 billion (USD 778.5 million) from an international carmaker and a leading NEV manufacturer for aluminum alloy wheels. Production for the foreign automaker starts early 2025 and lasts 10 years; for the NEV maker, production starts May 2025 and lasts 5 years.
Emirates Central Cooling Systems Corporation (Empower) signed an agreement with Mitsubishi Heavy Industries Thermal Systems to supply 18 advanced water-cooled centrifugal chillers with a total capacity of 56,250 Refrigeration Tons, starting from 2025, for district cooling projects in Dubai. The deal includes an option to increase the order to 100,000 RT.
Guangzhou Conghua Zhaoshun New Materials Co., Ltd., a wholly-owned subsidiary of Jitai Co., Ltd., plans to invest CNY 28.401 million to build an annual production capacity of 14,840 tons of organic silicon new energy sealant through a renovation project. The project runs from October 1, 2024 to June 1, 2025.
YKK AP Inc. established YKK AP (JIANGSU) CO., LTD. in Nantong City, Jiangsu Province, China, as a manufacturing site for aluminum profiles. Construction will begin soon, with operations scheduled to commence in October 2026. The paid-in capital is USD 33 million.
Kemira Italy SPA was awarded a contract worth EUR 1,022,165 by Viveracqua S.c. a r.l. for the supply of polyelectrolyte (VAG24F5021). The contract was published on 2024-10-09.
MEI Rigging & Crating, a portfolio company of Olympus Partners, acquired Coast Rigging and Machinery Moving, a provider of rigging and machinery moving services based in Charlotte, North Carolina. The acquisition strengthens MEI's operations in the Carolinas and the Southeast.
Fulin Precision Co., Ltd. awarded a contract to PRAEWEMA Antriebstechnik GmbH for a dual-spindle CNC gear honing machine. The tender was announced on October 8, 2024.
SKF inaugurated a new production center for very large bearings at its Saint-Cyr-sur-Loire site in France, with a €34 million investment between 2019 and 2024. The facility created 70 jobs and will eventually employ up to 80 people.
VARTA AG signed an agreement with Porsche for a majority investment by Porsche in the business unit for large-format lithium-ion cells through a majority stake in V4Drive Battery GmbH. The transaction is expected to close in Q1 2025.
Evolution Mining awarded NRW a surface mining contract for the Castle Hill gold deposit near Mungari, Western Australia. The contract is valued at around $360 million and will commence in November 2024, with completion expected by mid-2030.
Jereh Oil & Gas Engineering has signed a contract with Bapco Upstream for engineering, procurement, construction and commissioning of seven gas compressor stations around the Bahrain field. Completion is scheduled for the first quarter of 2026.
Baker Hughes has received an order from Dubai Petroleum Establishment, on behalf of Dubai Supply Authority, for ten Integrated Compressor Line units. They will be installed at the Margham Gas storage facility in Dubai.
Graphic Packaging International is building a recycled paperboard manufacturing facility in Waco, Texas, with machine installation underway. The site is on track to ramp up in late 2025.
SupplyOne, a North American packaging distributor, has acquired Gulf Packaging, a corrugated box converter with production facilities in Bay Minette and Tallassee, Alabama. The deal strengthens SupplyOne's presence in the Southeast.
Twellium Industrial Company has commissioned a greenfield beverage production site in Kumasi, Ghana, with two complete PET packaging lines installed by Sidel. The plant's water line produces 80,000 bottles per hour.
Norwegian sales group Hybeko has acquired Danish Genie, Leguan and Dinolift distributor Jøma Lift Teknik.
Cangreen Food Machinery Equipment Co., Ltd. delivered and commissioned a 5-ton/hour margarine production line to LA PAMPA in Venezuela. The project was completed in early October 2024.
Lizhong Group's subsidiaries Xintai Wheel, Mexico Lizhong, and Baoding Lizhong secured fixed-point contracts for aluminum alloy wheel projects with two major customers. The first project has a 10-year lifecycle starting early 2025 with projected sales of RMB 5.24 billion, and the second a 5-year lifecycle starting May 2025 with projected sales of RMB 290 million.
Rx Bandz, a medical device company, was awarded two development contracts totaling $23 million by the Air Force Research Laboratory on behalf of the Air Force Medical Readiness Agency to deliver ketamine and hydromorphone in its MiniJect auto-injector.
Safran Aerosystems has broken ground on a €15 million expansion of its Cognac site, adding 12,000 m² to reach 30,000 m² by end of 2025. The project includes new offices, logistics, and a maintenance workshop relocated from Ars.
Eurasian Machinery LLP, an affiliate of Hitachi Construction Machinery, held an opening ceremony on October 8 for a component remanufacturing plant in the Karaganda region of Kazakhstan. The plant will remanufacture components for ultra-large hydraulic excavators, dump trucks, and other mining equipment.
ATS Corporation completed the acquisition of Canadian packaging machinery company Paxiom Group in spring 2024. The multimillion-dollar transaction aims to strengthen ATS's packaging and food technology business.
Daikin Applied announced a majority investment in Varitec Solutions, a Phoenix-based leader in designing and installing large-scale HVAC systems for commercial buildings.
Ampere and E2-CAD signed a collaboration agreement in embedded electronics, with Ampere acquiring 40% of E2-CAD's capital to benefit from its expertise in power electronics for electric vehicles.
Torrent Power received a letter of award from Maharashtra State Electricity Distribution Company Ltd. for the long-term supply of 2,000 MW energy storage capacity from its upcoming hydro storage plant in Maharashtra, for a 40-year duration.
Joep Kemkens, majority shareholder of Kemkens Groep, acquired the 49% minority stake held by Essent (ultimately owned by E.ON Group), making Kemkens Groep 100% family-owned again.
Alfa Laval launched its SE Serie range of copper brazed-plate heat exchangers for residential and industrial propane (R290) heat pumps at the Chillventa 2024 trade show on October 8, 2024.
Nuoro has won a tender to renovate the biogas process and introduce energy-recovery methods at Aquafin's wastewater treatment plant in Ghent, Belgium. The project includes integrating biogas upgrading and implementing a riothermie solution.
Engineering company BGEN has opened a new factory in Bridgwater, Somerset, to support its £84m electrical and instrumentation contract for the Hinkley Point C nuclear power station. The facility will initially employ 40 people, with plans to create 150 jobs.
Thiess and EACON Mining have signed a Memorandum of Understanding to deliver OEM-agnostic autonomous technology and advance decarbonisation in mining. The collaboration includes early production trials of EACON's autonomous and electric truck technology at Thiess' mining operations.
Baker Hughes has received its largest order ever of Integrated Compressor Line (ICL) units from Dubai Petroleum Establishment (DPE) for Dubai Supply Authority (DUSUP). The order includes 10 ICL units for the Margham Gas storage facility in Dubai, to enhance gas storage capacity and support decarbonization.
Coalza Systems, a Spanish packaging machinery company, has acquired Irta Group, a Spanish manufacturer of horizontal packaging machinery and dosing systems. The acquisition strengthens Coalza's position in the international market and expands its product portfolio.
Swedish HVAC manufacturer Swegon has secured its largest order to date to supply air handling units, air diffusers and chilled beams for Volvo Cars' new electric vehicle plant in Košice, Slovakia.
Ukraine-based seamless stainless steel pipe producer Centravis has received an order for 28 metric tons of thick-walled pipes from SpaceX. The pipes, manufactured at the Nikopol facility, will be used for fuel supply in rockets.
Ukrainian company Centravis has supplied 28 tons of specialized seamless stainless steel pipes to SpaceX for use in rocket fuel supply systems. The order was fulfilled despite ongoing war conditions.
Knorr-Bremse Rail Systems (UK) Ltd has secured a contract from Great Western Railway to overhaul 352 HVAC units on Class 165 trains. The work will begin in January 2025 and take 18 months, carried out at facilities in Wolverton and Calne.
Sui Northern Gas Pipelines Limited has awarded a contract worth Rs2,740 million to Crescent Steel and Allied Products Limited for supplying 12- and 18-inch diameter bare steel line pipes. The project is slated for completion in the third quarter of FY 2024-25.
Caldera Medical, a women's health devices company, has acquired UVision 360, developer of the Luminelle hysteroscopy and cystoscopy systems. The acquisition expands Caldera's minimally invasive hysteroscopy portfolio.
Paul Vahle GmbH & Co. KG plans to build a new headquarters and production campus in Kamen, Germany, with total investment of over €60 million. The project includes a four-story office building and modern production facilities on nearly 50,000 square meters, with completion expected by 2027.
GE Vernova has received an order from The Kansai Electric Power Company to supply three 7HA.03 gas turbines for the Nanko power station in Osaka, Japan. The turbines will replace aging LNG assets and are expected to deliver up to 1.8 GW of electricity.
Associated Spring, a portfolio company of One Equity Partners, has agreed to acquire E. WINKEMANN GmbH, a European manufacturer of precision-stamped automotive components, from Cathay Capital. The transaction is subject to regulatory approval.
Aqua Membranes announced a new round of funding led by Burnt Island Ventures to expand production of reverse osmosis membrane elements. Funds will be used to establish a new manufacturing facility in Knoxville, Tennessee, and increase capacity.
BoMill AB received an order worth EUR 500,000 from Grupo Trimex, the leading flour milling group in Mexico, for the BoMill InSight grain sorting solution. Delivery is scheduled for Q1 2025.
TotalEnergies signed a Power Purchase Agreement with Saint-Gobain to supply 875 GWh of renewable electricity over five years starting January 2026, for Saint-Gobain's French facilities.
Epiroc won a large order for underground mining equipment from Eurasian Resources Group (ERG) for expansion of the 10th Anniversary chromium mine in western Kazakhstan. The order includes battery-electric vehicles and drill rigs valued at about MSEK 350, booked in Q3 2024.
Port of Tanjung Pelepas (PTP) in Malaysia ordered four Super Post Panamax STS cranes from Sany Marine Heavy Industry, with delivery by early 2026. The contract includes an option for four additional cranes.