A subsidiary of SunKing Technology (00580) signed a contract worth approximately CNY 479 million with Nanjing NARI Semiconductor to supply power electronic devices for the Saudi Arabia Central-South flexible HVDC project.
Metso secured a major order worth approximately €70 million from Barrick Gold Corporation to supply copper concentrator plant equipment for the Lumwana expansion project in Zambia.
LOTTE Engineering Plastics (formerly Sambark LFT) plans to invest over 300 billion KRW to construct a compounding plant with annual capacity of 500,000 tons at Yulchon Industrial Complex in Jeollanam-do, South Korea. Operations are expected to begin in the second half of 2025.
The Dutch Ministry of Defence awarded a 7-year framework agreement worth €6.2 million to Seyntex NV for the supply of tank overalls with and without permethrine.
Berdsk Electromechanical Plant (BEMZ), affiliated with S7 Group, invested 2 billion rubles in modernizing production of import-substituting aviation components. The investment includes a new 4,000 sq m warehouse for aviation components.
Ultralife Corporation signed a stock purchase agreement to acquire all shares of Electrochem Solutions, Inc. from Integer Holdings Corporation for $50 million in cash. The transaction is expected to close by the end of October 2024.
Suzhou Veichi Electric, KDL Industries, and Mirle Group signed a joint venture agreement to establish a new company focused on developing robotic joint modules, leveraging their expertise in harmonic reducers, servo wheels, joint modules, and controllers.
Singapore's Housing & Development Board awarded Keppel Ltd.'s Infrastructure Division a 20-year chilled water supply contract to design, build, own and operate Centralised Cooling Systems at three BTO projects in Tengah, serving approximately 3,500 households.
Primetals Technologies received an order from South Korean aluminum producer Ulsan Aluminum to upgrade Level 1 and Level 2 automation systems at its 3-stand hot finishing mill in Ulsan, South Korea. Implementation is planned for October 2025.
A unit of Sun.King Technology Group entered into a contract worth RMB478.9 million with Nanjing Nari Semiconductor, under which Nanjing Nari will procure power electronic components from the unit.
Pratt & Whitney, an RTX business, received a contract valued up to $1.3 billion from the F-35 Joint Program Office to continue design maturation and aircraft integration of the F135 Engine Core Upgrade, which will enhance durability and provide power/cooling for Block 4 capabilities.
LANXESS signed a contract to sell its Urethane Systems business to Japanese UBE Corporation for an enterprise value of €460 million, with expected proceeds of around €500 million. The business includes 5 manufacturing sites globally and about 400 employees, generating sales of about €250 million. The transaction is expected to close in the first half of 2025.
Lockheed Martin Aeronautics Co. was awarded a not-to-exceed $348,463,185 undefinitized cost-plus-fixed-fee order for initial air vehicle spares for F-35 production Lot 18, supporting the Joint Strike Fighter Program for the U.S. Navy, Air Force, Marine Corps, FMS customers, and non-DOD participants. Work will be performed in Fort Worth, Texas, and is expected to be completed by October 2029.
CUTMETALL Recycling Tools GmbH inaugurated a new hall in Eisfeld, Germany, with an investment of €12 million. The facility features state-of-the-art automation, enabling machines to run up to 50 hours continuously, and will create new jobs.
kdc/one agreed to acquire Laffon S.r.l., an Italian make-up packaging manufacturer founded in 1982, with an automated plant north of Milan. The deal strengthens kdc/one's packaging capabilities in Europe.
Arnest Packaging Solutions launched a new aluminium can-lid production line at its Naro-Fominsk plant in Moscow Oblast, with investment above 1.4 billion rubles. The line will let the plant produce more than 7 billion aluminium lids per year.
VPK Group acquired a minority stake of about 28% in Fencor Packaging Group, which wholly owns the Cambridgeshire corrugated sheet plant Manor Packaging. Fencor announced the deal on 26 September 2024.
The Weir Group was awarded a £25 million contract to supply WARMAN slurry pumps and CAVEX hydrocyclones for the next phase of OCP Group's Benguerir and Louta phosphate projects in Morocco. The order will be recognised in the order book during Q3 2024.
Coveris announced a £5 million investment to triple the production space of its St Neots, Cambridgeshire, food-to-go packaging site from 1,000 to 3,158 square metres. The project starts this month and is expected to complete in Q1 2025.
Turkish company Dalgakiran Kompresor opened a production and maintenance facility in Bilohorodka, Kyiv region, after investing UAH 400 million (about $10 million). The plant makes generator and compressor equipment, cooling systems and industrial pumps and created 50 jobs.
MKS Instruments announced the relocation and expansion of its Ophir Bucharest Romania manufacturing facility to a new site over 6,500 square meters, more than doubling production space. The facility will feature advanced CNC polishing, diamond turning, metrology, and thin film coating technologies, with cleanrooms. The transition will be completed by Q4 2024.
Elsewedy Electric PSP, in partnership with Siemens Energy, was awarded a turnkey EPC contract by Saudi Electricity Company for the Rabigh Combined Cycle Power Plant expansion, valued at over USD 1 billion. The project will add 1.2 GW to the national grid.
Huaxiang Co., Ltd. and Huayu Automotive Systems (Shanghai) Co., Ltd. announced a joint venture, Huaxiang St. Mande (Shanghai) Automotive Systems Co., Ltd., with Huaxiang contributing 429 million yuan in cash and Huayu Shanghai contributing its 100% stake in St. Mande Shanxi valued at 184 million yuan, for a total investment of about 613 million yuan. Huaxiang will hold 70% and Huayu Shanghai 30%.
Qingdao Tianbang New Materials Co., Ltd. announced a 40 million yuan project to expand its existing No. 1 workshop, adding two aramid fiber production lines and increasing annual capacity of domestic high-performance aramid fiber dipped cord fabric from 300 to 2,000 tons.
Lemi National Cement factory, Ethiopia's largest cement producer, has gone operational with a production capacity of 150,000 quintals (15,000 tonnes) per day. The $600 million plant, located in North Shoa Zone, was inaugurated by Prime Minister Abiy Ahmed and is a joint venture between East African Holding and West China Cement Ltd.
The Ministry of Corporate Affairs approved the incorporation of BEL IAI AeroSystems, a joint venture between Bharat Electronics (40% stake) and Israel Aerospace Industries. The JV will provide repair and maintenance for the Medium-Range Surface to Air Missile System in India.
En-Tai Technology held a ceremony for the first phase of its high-performance water treatment membrane project in Mianzhu, Sichuan, China. The phase one investment was 1.05 billion yuan, with annual production capacity of 60 million square meters of membrane.
Western Packing has received an order from Trung Nguyen for 3 additional multi-lane powder packaging machines in mid-2024, building on a strategic supplier agreement since 2022.
Arnest Packaging Solutions has started expanding its Ulyanovsk beverage-can plant in the Zavolzhye industrial park, with a third line due by end-2025 and a possible fourth in 2026. The investment will exceed 20 billion rubles and double capacity to 3 billion aluminum cans a year.
Aldevra was awarded a five-year Blanket Purchase Agreement valued at up to $9,999,999 to provide food-grade stainless steel tables to Defense Commissary Agency (DeCA) locations worldwide.
German lifting attachment manufacturer Kinshofer has acquired GMT Equipment to strengthen its presence in the arborist industry.
Zoomlion rolled out the ZTE520, the world's largest hybrid electric drive mining truck, from its intelligent production line on September 27, 2024. The truck has a payload capacity of 300 tons and a maximum total weight of over 520 tons.
Jiangtian Chemical will buy 100% of San-Dia Polymers (Nantong), the largest superabsorbent polymer factory in China, from Sanyo Chemical Industries for CNY285 million ($40.6 million). The deal includes intangible assets of production technology and trademarks at a price to be determined.
The Boeing Co. received a $13,440,686 order for initial spares and repair equipment for the MQ-25A Stingray air vehicle to support readiness and reliability for the U.S. Navy. Work is expected to be completed by September 2027.
Bell Boeing Joint Project Office received a $36,857,023 order for production and delivery of retrofit kits for the V-22 aircraft, including MV, CMV, CV kits and spares, for the U.S. Navy, Marine Corps, Air Force, and Japan. Work is expected to be completed by November 2027.
The Boeing Co. received a $76,832,622 contract from the U.S. Navy for weapons integration services on F/A-18E/F and EA-18G aircraft, including engineering, test support, and manufacturing. Work will be performed at multiple locations and is expected to be completed by September 2029.
Jiangsu Haiyang Nylon New Material Co., Ltd. began construction of an 80,000-tonne-per-year high-performance tire cord fabric project in Taizhou, Jiangsu, China. The 1.1 billion yuan investment includes four production lines and is expected to be completed by December 2025.
Vulcan Materials agreed to acquire Wake Stone Corp., an aggregate producer with quarry operations in North Carolina and South Carolina. The deal is expected to close later in 2024.
AECOM has been selected by the Regional Municipality of Durham to provide engineering services for upgrades to the Port Darlington Water Pollution Control Plant in Bowmanville, Ontario. The four-year contract includes replacing the waste gas burner and upgrading liquid treatment systems.
Heb Group has secured a £4.5 million contract with Caddick Construction for the Lancaster Extra Care Facility Development, involving design and construction of 92 new apartments and refurbishment of 16 affordable housing units. Heb will install MEP services including air source heat pumps.
Elenia and Hitachi Energy have signed an agreement for main transformer deliveries for 2026–2027. The transformers will be manufactured at Hitachi Energy's Vaasa factory in Finland.
Wärtsilä will supply six Wärtsilä 32 engines and auxiliary equipment for a 17 MW power plant at the Boto gold mine in Senegal, ordered by Africa Power Services. The plant is expected to be commissioned in Q1 2025.
İğrek Makina is building a new foundry on a 150,000 m² plot in Bursa, Turkey, with a production capacity of 190 tons of metal and the ability to cast parts up to 100 tons. The factory will serve as a main supplier for automotive mold castings.
H&T Presspart is making a multi-million Euro investment to add a new dose counter production line at its Marsberg, Germany site, expanding capacity for pressurized metered-dose inhaler dose counters.
Vallourec signed a contract with Petrobras to supply premium Oil Country Tubular Goods (OCTG) and accessories for the Sepia 2 and Atapu 2 projects in Brazil. Deliveries of up to 25,000 tons over three years will be supplied from Vallourec's Brazilian plants.
AB Kauno Grūdai, a subsidiary of AB Akola Group, is building a new breadcrumb factory in Kėdainiai, Lithuania. The total investment is EUR 6.7 million, and the factory will have a production capacity of 1,000 tons per month, creating 24 jobs.
Vallourec signed a contract with Petrobras to supply premium Oil Country Tubular Goods and accessories for the Sepia 2 and Atapu 2 pre-salt fields in Brazil, with deliveries of up to 25,000 tons over three years.
Vallourec signed a contract with Petrobras to supply premium Oil Country Tubular Goods and accessories for the Sepia 2 and Atapu 2 pre-salt fields in Brazil, with deliveries of up to 25,000 tons over three years.
Maschinenfabrik Niehoff is expanding its German manufacturing facilities with two new halls in Schwabach and a new hall in Leuterschach, representing an investment of €15.5 million. The Schwabach halls are scheduled to go into operation in August 2025.
Intago Kazakhstan LLP opened a plant for non-woven geosynthetic materials in the Atyrau Special Economic Zone, with financial support from Industrial Development Fund JSC. The project cost 1.365 billion tenge and will create about 40 jobs.