Makino broke ground on a new technology innovation center in Querétaro, Mexico, with an investment of 400 million pesos (US $21 million). The plant will supply production machinery to automotive, medical, and aerospace industries and is expected to start operations in 2025, creating over 200 jobs.
A subsidiary of Sun King Technology (00580.HK) signed a contract worth approximately CNY 479 million with Nanjing NARI Semiconductor Co., Ltd. to supply power electronic devices for the Saudi Arabia Central-South Flexible DC project.
Bossard completed the acquisition of Aero Negoce International SAS, a France-based distributor of fastening solutions for the aerospace industry. Terms were not disclosed. ANI has 33 employees and expected 2024 sales of about $28 million USD.
Sansera Engineering Limited entered into a joint venture with Japan's Nichidai Corporation to manufacture precision forged and machined parts for advanced automotive components. Sansera will hold a 60% stake and invest up to ₹500 million. Completion is expected within 12 months from January 29, 2026.
Talbros Automotive Components Limited and its joint ventures secured multi-year orders exceeding ₹1,000 crores from leading OEMs for domestic and export markets. Commercialization starts from FY27, with orders spanning sealing, forgings, chassis, hoses, and anti-vibration parts.
ReadyOne Industries was awarded a $92,406,100 firm-fixed-price, indefinite-delivery/indefinite-quantity contract by the Defense Logistics Agency to manufacture advanced combat pants for the U.S. Army over five years. The ordering period runs until August 14, 2029.
ReadyOne Industries was awarded a $193,746,960 firm-fixed-price, indefinite-delivery/indefinite-quantity contract by the Defense Logistics Agency for production of JSLIST coats and trousers for the U.S. Armed Forces. The two-year contract runs through September 20, 2026.
ARZYZ Metals, a Monterrey-based company specializing in scrap recycling for aluminum alloys, plans to invest $650 million in expanding its plant in Ciénega de Flores, Nuevo León. The expansion is expected to create 1,500 new jobs and includes a technical school, daycare, and R&D center.
Komatsu held a ceremonial groundbreaking for a new office building at 2300 NE Adams Street in Peoria, Illinois, with a $30 million investment. The expansion will create 200 new jobs in engineering, sales, product support, and marketing, and the building is expected to be operational by Christmas 2025.
Kohler Energy, now renamed Rehlko, is completing an expansion of its production site in Brest, France, to increase capacity for manufacturing generator sets, particularly for the data center market. The site plans a 70% growth in activity within three years, with over EUR 30 million invested in the last six years.
Confidence Cement PLC is investing Tk 815 crore to set up a new production facility on 10 acres of land in Narsingdi, Bangladesh. The new unit, named 'Confidence Cement Dhaka Ltd', will have a daily capacity of 6,000 tonnes and is expected to begin operations in the first quarter of 2025, creating about 1,000 direct jobs.
ZEISS Medical Technology opened a new state-of-the-art research and production facility in Chesterfield, Missouri, on October 1, 2024. The expansion adds modern production and office space, including a 2,300 square feet ISO 7-certified clean room, and increases the overall area to 64,500 square feet.
SteelcoBelimed, a joint venture in which Metall Zug has a 33% stake, announced plans to achieve growth and profitability targets, including focusing on existing locations, streamlining the product portfolio, and bundling the organization. The joint venture closed its merger on June 7, 2024, and aims for a 10% EBIT margin in the medium term.
Mastel Surgical, a member of Pacific Surgical, has acquired Rica Surgical Products Inc., a supplier of surgical instruments and medical devices based in Schiller Park, Illinois. The acquisition expands Mastel Surgical's portfolio of specialized medical instruments and sterile processing products.
Varun Beverages announced a $50 million investment to build a Pepsi production facility at Kiswishi City Special Economic Zone in the Democratic Republic of the Congo. The plant will be developed on 15 hectares of land and is expected to create thousands of jobs.
Critical Holdings has secured an RM82 million contract from a US-based multinational company for mechanical and electrical fit-out, cleanroom, and interior design works for a new office building and production facility in Pasir Gudang, Johor Baru. The contract is expected to be completed over 16 weeks.
Kalmar has reached a deal with Super Terminais to provide six Kalmar Gloria reachstackers, two empty container handlers, and Kalmar Insight performance management technology for its Manaus terminal in Brazil. Delivery is expected between Q2 and Q3 2025.
Piramal Pharma Solutions announced an $80 million investment to expand its Lexington, Kentucky facility, adding 24,000 square feet of manufacturing space, a new laboratory, and state-of-the-art machinery. The expansion will increase annual production capacity from 104 to over 240 batches, with completion expected in Q1 2027.
The South Australian Government and the T2D Alliance signed a contract to purchase three initial tunnel boring machines from Herrenknecht for the River Torrens to Darlington project, with plans for two additional smaller TBMs. The total cost is expected to be around $180 million.
Zoomlion unveiled a 4,000-ton all-terrain crane, the world's largest, at the Hoisting Machinery Park opening. It is designed for installing super large wind turbines up to 185 meters height.
Zoomlion officially opened the Hoisting Machinery Park in Zoomlion Smart Industrial City, Changsha, China, on September 28, 2024. The park covers 1,000,000 square meters and includes the world's first intelligent factory for wheeled cranes.
Multivac Group acquired an 80% majority stake in Italianpack, a packaging machine manufacturer based in Como, Italy. Italianpack will operate as a new Business Unit within Multivac.
GMH Gruppe acquired 100% of Kind & Co., a tool steel producer based in Wiehl, Germany, with 2023 sales of €125 million. The deal strengthens GMH's position in hot-work tool steels.
Impel Services, parent of Bindwel and Stelda, acquired ITC Group's Wimco, including its designs, IP, and trademarks for cartoning and tube-filling technologies, to expand into primary packaging solutions.
Hydnum Steel agreed to distribute hydrogen-based steel from its Spanish plant to Knauf Interfer under a MoU valued at approximately €80 million per year, creating a green steel supply network in Europe.
ZEISS announced the opening of a new research and production facility in Chesterfield, Missouri, investing $24 million and creating 40 new jobs. The expansion adds modern production space and a clean room.
IPS Adhesives (IPSA) acquired a range of acrylate and methyl methacrylate (MMA) based adhesives from L&L Products. The acquisition expands IPSA's MMA adhesive portfolio for transportation, construction, automotive, marine, and industrial applications.
Boccard acquired Leroux & Lotz Technologies (LLT), an industrial boiler manufacturer. The combined entity aims to become a European leader in integrated renewable thermal power plants using biomass and waste recovery.
Vallourec signed a contract with Petrobras to supply up to 25,000 metric tons of oil country tubular goods (OCTG) and accessories over three years. The products will be used in Petrobras' Sepia 2 and Atapu 2 deepwater oil projects in Brazil.
Nippon Shokubai Indonesia (NSI) is constructing a new superabsorbent polymer (SAP) plant in Cilegon, Indonesia, with a capacity of 140,000 tons per year after expansion. The project is scheduled for completion in 2027.
GKN Aerospace Sweden predicts 1,000 new jobs in Trollhättan over the next five years, as part of a growth phase. The company also announced a 600 million SEK investment in a new production facility in Trollhättan earlier in 2024.
SMEC (SMEC Co., Ltd.) is in talks to acquire Hyundai WIA's machine tool division. The deal value is estimated at around 200 billion won (approx. 300 billion won range). The acquisition is expected to close by end of 2024.
Hankook & Company Group, through Hankook Tire & Technology, resolved to acquire a majority stake in Hanon Systems, a global automotive thermal management company. The board approved the acquisition on September 30, 2024, with plans to increase its stake to 54.77%.
GAZC, a Spanish aerospace components manufacturer, acquired a 70% equity stake in Pranavam Aerospace Private Ltd., an Indian manufacturer of aircraft detail parts and sub-assemblies. The acquisition was announced in September 2024.
CeoTronics AG signed a contract worth approximately €6.6 million for the delivery of digital full-duplex radios, multifunctional control units, tactical in-ear headsets, and accessories to a European customer. The contract was announced on September 30, 2024.
CoolSys, a provider of refrigeration, HVAC, energy and engineering solutions, acquired Mechanical Engineering & Construction Corporation (MEC 2), a full-service mechanical engineering firm based in Maryland and Virginia. The acquisition was announced on September 30, 2024.
Manaksia Coated Metals & Industries Limited (MCMIL) won a contract worth ₹200 crore (USD 24 million) to supply 20,000 metric tonnes of coated steel products to a leading European client over 12 months. The deal was announced on September 30, 2024.
Vioneo, founded by A.P. Moller Holding, aims to build a large-scale fossil-free plastics production plant in Antwerp, Belgium. The plant will produce about 300,000 tonnes of fossil-free plastics annually, representing a €1.5 billion investment, with a final investment decision possible in 2025.
DENSO CORPORATION and ROHM Co., Ltd. agreed to start consideration of a strategic partnership in the semiconductor field. DENSO will acquire a portion of ROHM's shares to solidify the partnership.
Andritz and PulPac AB have entered into a strategic partnership to serve the alternative packaging market with complementary expertise in dry molded fibre technology.
NEOM awarded a turnkey EPC contract to Lantania, in partnership with Saudi firm Tawzea, to build a biosolids treatment facility as part of the upgrade for the Al-Badaa Water Recycling Plant. The facility will include an innovation and demonstration centre.
Valmet will deliver a Valmet DNA Automation System to TKIL Industries Pvt. Ltd. for an 18 MW cogeneration power plant project in western India. The order was included in Valmet's Q2 2024 orders received, and delivery will be completed during 2024.
Mitsubishi Electric Corporation announced that its Fukuyama Factory has begun large-scale supply of power semiconductor chips made from 12-inch silicon wafers for semiconductor module assembly, effective immediately.
Ambuja Cements Limited announced the amalgamation of ACC Limited and Orient Cement Limited with itself, creating a combined entity with 107 MTPA cement capacity. The merger is expected to deliver operational synergies and margin improvement of at least ₹100 PMT.
Usha Martin is expanding its wire rope production capacity in Thailand from 19,000 tpa to 22,000 tpa.
Usha Martin Limited announced a ₹1,200 crore (approx. USD 270 million) investment to enhance power and mining facilities in Jharkhand, aiming to increase overall production capacity to 1 MTPA. The company also completed a ₹3.1 billion modernization at its Ranchi plant, adding 2,000 tons per month of wire rope capacity, and plans a further ₹1.6 billion investment for wire and strand production.
HDB awarded Keppel a 20-year contract to build and operate centralised cooling systems for about 3,500 households in three BTO projects in Tengah, Singapore, with completion slated between Q2 and Q4 2027.
MacGregor, part of Cargotec, secured an order to supply cargo access equipment for 12 Pure Car and Truck Carriers (PCTCs) built at China Merchants Heavy Industry for CIDO Shipping, with deliveries planned from Q2 2026 to Q4 2029.
Chips&Media signed a $5 million IP license contract with a Chinese AI SoC semiconductor development company, including video IP and NPU IP, the largest single IP license contract in its history.
Global Infrastructure Partners (GIP), through Skyborn Renewables, acquired Eversource Energy's 50% ownership share in the South Fork Wind and Revolution Wind offshore wind farms, forming a joint venture with Ørsted.