DKC Group has acquired 100% of the shares of Sati Italy, Sati Tunisia and Procan, strengthening its position in the metal duct sector for electrical systems.
Krandienst Schulz has ordered nine Liebherr mobile cranes ranging from 60 to 700 tonnes capacity to expand its fleet and meet growing demand in Hamburg and Stade.
Symphony has placed an order with Ferus Smit Shipyards for two new ECOBOX XL project cargo vessels, an evolution of the existing Ecobox series, designed for carrying long items like windmill blades.
Guindastes Tatuapé purchased a new LTM 1500-8.1 mobile crane from Liebherr. The 500-tonne crane will first be used in assembling a new pulp and paper mill in Brazil.
Altorfer Inc. is completing a three-transaction relocation of its Construction Services and Power Systems divisions from Elmhurst to new facilities in Mokena, Addison and East Dundee, Illinois, with completion scheduled for April 2021.
Maeda Seisakusho, its parent company Maeda Construction Industrial, and Maeda Road agreed to establish a joint holding company in October 2021 and integrate management, with all three companies to be delisted.
Orbex has commissioned AMCM to build the largest industrial 3D printer in Europe, enabling Orbex to 3D print more than 35 large-scale rocket engines and turbopumps annually. The multi-million pound deal includes a complete printing suite and post-processing machinery.
Toscotec will supply two TADVISION tissue machines to Hengan International Group for its mills in Shandong and Hunan, China. Each machine has a trim width of 3,650 mm and annual capacity over 40,000 tons, with start-up scheduled for 2022.
Markforged, a 3D metal and carbon fiber printer manufacturer, agreed to merge with special purpose acquisition company one, giving a post-transaction equity value of approximately $2.1 billion. The combined company will be listed on NYSE as MKFG.
Buffalo Machinery (Dafo) held a groundbreaking ceremony for a first-phase expansion in Daya, Taichung, investing over NT$650 million. The facility will produce AXILE high-end 5-axis machining centers and is expected to be completed in April 2022 and operational in June 2022.
The Plansee Group will increase its stake in Ceratizit S.A. from 50% to a majority interest, effective March 1, 2021. The transaction is subject to antitrust approval and financial details are confidential.
Claas is investing €4.4 million at its Le Mans tractor plant to increase production capacity by 30% by 2025, from 10,000 to 13,000 tractors annually. The investment includes modernizing the assembly line, a new paint booth, and a training center.
RHH Franks has completed an expansion of its factory in New Milton, Hampshire, adding 6,600 sq ft of unit space and new technology worth over £150,000. The project increases manufacturing capacity by over 25% and was completed in January 2021.
Siemens Mobility is developing a new train manufacturing plant and supply chain rail village in Goole, East Yorkshire, with an investment potential of up to £200 million. The 67-acre site will create up to 700 skilled jobs and has awarded a £40m contract to GMI Construction.
Makino Automotive Equipment (Wuhan) Co., Ltd. produced its first machine tool, the Slim3n compact vertical machining center, at its new plant in Wuhan, China. The plant started construction in December 2020 and the first machine was delivered on February 20, 2021.
Naval Group has ordered a Droop+Rein five-axis gantry milling machine from Starrag Group for the Attack class submarine construction in Osborne, South Australia. The machine is the largest ever installed in Australia.
Fan maker ebm-papst is investing almost EUR 20 million in three new buildings at its headquarters in Mulfingen and Mulfingen-Hollenbach, Baden-Württemberg, including R&D space and a machinery building. Construction is expected to take about 15 months for two of the buildings.
Treatt is building a new digital factory in Bury St Edmunds, Suffolk, UK, with a £36 million investment. The facility will replace six existing buildings and is being developed in partnership with Siemens.
Ardent Hire Solutions placed a £26 million order for 525 JCB Loadall telescopic handlers and 25 3CX backhoe loaders from JCB. The machines are already rolling off the production line at JCB's headquarters in Rocester, Staffordshire.
Hidromek is constructing a new production facility in Ankara, Turkey, including a components factory already operational and an excavator factory planned to become operational in 2022, creating new employment and increasing production capacity.
SEW-EURODRIVE began construction of a new industrial complex at its Graben-Neudorf plant, including a factory hall and a 30-meter-high, 300-meter-long high-bay warehouse, with a gross floor area of 61,900 square meters. WOLFF & MÜLLER is performing earthworks, special foundation, and shell construction.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
Sany Heavy Industry broke ground on a new 'lighthouse factory' for crane cabs and operator cabins in Ningxiang, Hunan, China. The 2 billion yuan investment will produce 60,000 units annually and create 300 jobs.
Sany Zhongqi, a subsidiary of Sany Heavy Industry, produced its first 130-ton all-terrain crane at its new plant in Ningxiang, Hunan, China. The plant, a 3.3 billion yuan investment, has begun production and targets full-scale manufacturing by March 2021.
Hitachi Construction Machinery Eurasia's plant in Tver, Russia, started assembly of the ZX400LCH-5G excavator in February 2021. The model was previously imported from Japan. New jobs will be created.
SyBridge Technologies, through its Ontario-based subsidiary Concours Technologies, has completed the acquisition of Active Industrial Solutions Inc., including its Tennessee facility. The deal expands SyBridge's capabilities in the mobility tooling industry, particularly in lighting, fascia, and grille segments.
Valmet will deliver all main process islands and automation systems for Metsä Fibre's new bioproduct mill in Kemi, Finland. The mill will have an annual pulp production capacity of 1.5 million tonnes and is scheduled to start up in Q3 2023.
DMG Mori is developing a 4,000m2 smart factory in Pfronten, Bavaria, featuring an AGV transport system for assembly of monoBLOCK 5-axis machining centres. The factory increases production capacities by 30% and enables 1,000 customer-specific solutions.
Mitsubishi Materials Corporation acquired the remaining 49% stake in Mitsubishi Hitachi Tool Engineering (rebranded as MOLDINO Tool Engineering) from Hitachi Metals, making it a wholly owned subsidiary. The European subsidiary is now MOLDINO Tool Engineering Europe GmbH.
Valmet and Metsä Fibre have finalized an agreement for Valmet to deliver all main process islands and automation systems for Metsä Fibre's Kemi bioproduct mill in Finland. The order value is about EUR 350-400 million, and the mill is scheduled to start up in Q3 2023.
Turkish construction machinery manufacturer HIDROMEK is constructing a new production facility campus on a 1.4 million m2 area in Ankara. The component factory has started operation, and a new excavator facility is planned to commence operation in 2022.
King Steel Machinery Co., a shoemaking machinery manufacturer, invested over NT$100 million in precision equipment including five-axis multi-tasking machines and CAD/CAM software to enhance in-house manufacturing capabilities.
Trumpf opened a new smart factory at its headquarters in Ditzingen, Germany, covering 5,000 m² with 30 connected machines producing sheet metal parts for its own machine tools and serving as a demonstration center.
Industrial Magnetics, Inc. acquired substantially all assets of Walker Magnetics Group, Inc., North America's oldest industrial magnet manufacturer, based in Worcester, Massachusetts.
Wasel GmbH took delivery of a new Liebherr LTM 1650-8.1 mobile crane at the Liebherr Plant in Ehingen and ordered a new LR 1700-1.0 crawler crane.
UK Research and Innovation's STFC Rutherford Appleton Laboratory awarded a £624,959 supply contract to KERN Microtechnik for an ultra-high precision 5-axis CNC milling machine for its Precision Development Facility.
Ingersoll Rand announced a five-year collaboration with Google Cloud to consolidate IoT device management across its 40+ brands into a single cloud-based architecture, aiming to enhance connectivity and customer service.
Honeywell UOP selected GEA Refrigeration Technologies to supply engineered tail gas compression packages with GEA XH screw compressors. The packages are for the modernization of the Heydar Aliyev Oil Refinery in Baku, Azerbaijan.
Victaulic has purchased the Waupaca manufacturing plant in Lawrenceville, Pennsylvania, to increase its foundry production capacity by 70% and add approximately 90 new jobs.
Fecon LLC, a portfolio company of LFM Capital, has acquired Vermeer Forestry Mulching Products, a manufacturer of tree-care, agricultural, underground construction, surface mining and environmental equipment. Terms were not disclosed.
KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.
Moog will invest $10.7 million to move existing jobs and equipment from Blacksburg to a larger building in Falling Branch Corporate Park in Montgomery County, Virginia, adding 80,000 square feet and 75 new jobs.
Yanmar Group inaugurated its first wholly-owned diesel engine manufacturing facility in India at ORIGINS industrial park in Chennai. The facility has an annual production capacity of 80,000 engines and represents a planned investment of Rs 500 crore.
Gamber-Johnson, a supplier of rugged mounting systems, acquired Premier Mounts, a leader in audiovisual mounting solutions. Premier Mounts will become a Gamber-Johnson brand, with manufacturing in Central Wisconsin.
Huntington Ingalls Industries – Newport News Shipbuilding awarded a contract to Timken's Philadelphia Gear to supply main reduction gears for the future USS Doris Miller (CVN-81) aircraft carrier. The contract is valued at over $100 million, with delivery scheduled for 2025-2026.
Miele is investing €28 million at its Bünde, Germany site: €18.5 million for a new four-story research and development center (completion autumn 2022) and €9.5 million for a new press line for metal parts (operational second half of 2021).
Intermaher has delivered two Mazak machining centres (HCN-4000 and HCN-5000) to their customer Norclamp in Irun, Basque Country, Spain.
Huntington Ingalls Industries – Newport News Shipbuilding awarded a contract to Timken's Philadelphia Gear to supply main reduction gears for the future USS Doris Miller (CVN-81) aircraft carrier. The contract value is in excess of $100 million, with delivery scheduled for 2025-2026.
Regal Beloit and Rexnord agreed to combine Rexnord's Process & Motion Control segment with Regal through a tax-free spin-off and Reverse Morris Trust transaction, creating a power transmission provider with about $4.1 billion pro forma 2020 revenue and $120 million targeted annual cost synergies.
Worthing subcontractor Roscomac has ordered a second automated cell from Whitehouse Machine Tools, comprising two Brother 5-axis Speedio M140X2 mill-turn centres with a Feedio robotic unit. The cell is due for delivery in April 2021.