Hyde Industrial Blade Solutions announced on April 22, 2022, its merger with Applied Cutting Technology of Midlothian, Virginia. The combined company will operate under the Hyde name.

The company signed a contract with Jiahua Chemical Quanzhou Co., Ltd. for a dual phase steel heat exchanger and container project supporting an annual production capacity of 400,000 tons of alkoxylation new materials, with a contract amount of CNY 11.2 million.

Takamatsu Machinery (TAKAMAZ) started operations at its new Asahi factory in Hakusan, Ishikawa Prefecture on April 4, 2022. The plant, built with an investment of about 3.2 billion yen, will assemble customized CNC lathes and turnkey systems, employing about 150 people.

On April 21, 2022, AGCO/Fendt inaugurated a new paint shop and logistics centre at its Hohenmölsen site in Germany. The expansion includes cathodic dip coating and powder coating capabilities.

Nidec announced plans to acquire three machine tool manufacturers by 2025 to grow its machinery business to 500 billion yen, having already acquired Mitsubishi Heavy Industries Machine Tool and OKK.

Mutares SE & Co. KGaA has signed an agreement to acquire Siemens Energy Engines S.A.U. and related assets from Siemens Energy S.A. The transaction is expected to close by the end of Q3 2022.

Prometheus Group, a provider of asset management software, acquired LUCY Industrial Management Solutions, a Dutch software firm for capital project execution. Financial terms were not disclosed.

JCB is investing INR 1000 crore to set up a dedicated exports facility for critical parts and components in Vadodara, Gujarat, India. The plant, inaugurated on April 21, 2022, will create 1,200 direct jobs and will reach full capacity by October 2022.

JCB India inaugurated a new £100-million factory near Vadodara, Gujarat, to consolidate manufacturing and fabrication of parts for global factories. The plant will generate 1,200 direct jobs and is expected to start full production in October 2022.

Hitachi Construction Machinery will increase production facility capacity for compact products at its Shiga Works by approximately 30% by FY 2025, and plans to relocate and enhance the product test site from FY 2024.

Fluid blending equipment maker Fusion Fluid Equipment plans a $6.1 million, 42,000 sq ft expansion of its Whitehall, Michigan production facility, creating 35 jobs over three years.

The Boring Company raised $675 million in a Series C funding round led by Vy Capital and Sequoia Capital, valuing the company at $5.675 billion, to scale boring machine production and build tunnels.

Scottish engineering firm Ross-shire Engineering (RSE) completed an investment in DPS Group, an electrical, instrumentation and control solutions provider.

JASO Industrial Cranes received a contract to supply 31 cranes for the expansion of Siemens Gamesa's offshore wind blade factory in Hull, UK, which will double in size to 77,600 sq m by 2023.

Metsä Board's Husum pulp mill renewal's first phase is approaching completion, with a new recovery boiler and turbine set to start up in September 2022. The project will increase electricity production by 330 GWh per year.

Electris completed a nearly PLN 50 million investment project, launching a fully automated electroplating plant with wastewater treatment and expanding its facility with a new hall for switchgear and control cabinet assembly.

Nanjing No. 2 Machine Tool signed a 37 million yuan contract with Great Wall Motor to supply 78 CNC gear machines, including hobbing, shaping, and shaving machines, the largest single order in China's gear machine tool industry.

Nidec is investing 10 billion yen (about $80 million) to double the size of its Nidec-Shimpo production plant in Luzon, Philippines, boosting gear reducer capacity from 30,000 to 80,000 units per month by 2025 and adding 400 jobs.

Keppel Offshore & Marine selected Siemens Energy to provide power generation and compression packages for Petrobras' P-78 FPSO in Brazil's Búzios field. Equipment will be built at Siemens Energy's Santa Barbara d'Oeste facility, with delivery slated for 2023.

Tupy S.A. announced an agreement to acquire MWM do Brazil, a wholly owned indirect subsidiary of Navistar International Corporation (a TRATON SE subsidiary), to extend services including machining, assembly, and engineering, and enter new sectors such as energy and decarbonization.

Weichai Power Co., Ltd. agreed to acquire a 22.69% stake in Weichai Lovol Heavy Industry Co., Ltd. from Weichai Holding Group for 1.584 billion CNY (approx. $250 million), increasing its ownership to 62%. The announcement was made on April 18, 2022.

Foselev and Ponticelli jointly created the GIE Megalift, a joint venture for heavy lifting and exceptional handling operations, based in Valenciennes, operational from May 1, 2022.

Wuzhong Group's machine tool company signed a batch order for CNC floor-type boring-milling machines with a total contract value exceeding 100 million yuan, for use in wind power, metallurgy, energy, and shipbuilding industries.

Haitian Precision announced it will invest 1 billion yuan to build a high-end CNC machine tool intelligent production base in Ningbo, Zhejiang Province, including a production base for key components and an innovation center.

Cummins Inc. closed its acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp. JVS supplies engine braking, cylinder deactivation, start and stop and thermal management technologies, with facilities in Bloomfield, CT and Suzhou, China.

Cim-Tek Filtration will expand its facility in Kennett, Missouri, by 140,000 square feet, creating up to 77 new jobs. The expansion will broaden production capabilities for filtration products.

Nabtesco is investing approximately €360 million (47 billion yen) in a third production plant in Hamamatsu, Japan, to double its production capacity to two million precision gearboxes per year by 2026. Construction starts in autumn 2022, with building completion planned for September 2023.

Edströms Maskin AB won a contract from Upphandlingscenter Falun Borlänge-regionen to supply two CNC-controlled multi-operation machines to Lugnetgymnasiet in Falu kommun, Sweden, valued at 1,500,000 SEK.

Linde Hydraulics is investing EUR 50 million in 50 projects across its German sites, including its Aschaffenburg main plant, the Ballenstedt valve factory and the AB-GUSStech foundry. The programme is to be completed by 2025.

HMS Group has signed a contract worth RUB 3.3 billion to manufacture gas transportation units (compressors). Deliveries are scheduled for 2023-2024 to a gas condensate field in Russia.

Whirlpool broke ground on a $65 million expansion of its Ottawa, Ohio plant, which will create more than 100 new jobs and is expected to be completed by the end of 2023.

Asahiseiki Kogyo will construct a new assembly plant for large press machines at its head office factory in Owariasahi, Aichi Prefecture, with a total investment of about 630 million yen and start of operations in 2024.

Hirsch Servo AG acquired Slovakian mold tooling specialist Ingmetal and Slovenian mechanical engineering company Koviflex. The acquisitions strengthen Hirsch Servo's position as a leading EPS specialist in Europe.

Lesjöfors Heavy Springs group installed the largest model ever made of Wafios wire coiling machinery, the FUL 226, at its Lesjöfors Fjadrar AB site in Sweden. The €1.75 million investment is part of a growth plan in the heavy springs market.

Trimble entered a definitive agreement to sell its Time and Frequency, LOADRITE, Spectra Precision Tools and SECO accessories businesses to Precisional LLC, an affiliate of The Jordan Company, expected to close in Q2 2022.

Rösler Group invested over one million euros in a new CNC moving column milling and drilling center at its Untermerzbach location to improve quality and productivity.

Darfon Equipment's subsidiary Jiangsu Hengxingmao signed a procurement agreement with Zoomlion to purchase 77 tower cranes and related spare parts for approximately RMB 52.2 million. Delivery is expected by December 2022.

Pneumostroymashina plans to build a new plant in Yekaterinburg to produce high-end hydraulic motors and pumps, with a estimated cost of 5 billion rubles. Output is expected to rise from 3,500 to 12,000 units per month.

Metso Outotec signed an agreement to acquire Tesab Engineering Ltd, a Northern Ireland-based mobile crushing equipment manufacturer, with 2021 turnover of approximately EUR 30 million and over 60 employees.

Metso Outotec announced a EUR 20 million R&D program to develop a new range of electrically driven track-mounted crushers and screens (Lokotrack), with development primarily at its technology centre in Tampere, Finland.

Pallethouse Kft., part of PEKA BAU 2000 Construction Ltd, launched a new fully automatic Europallet production line from Störi Mantel in Szikszó, Hungary, with an investment of approximately HUF 490 million, producing up to 2000 pallets per shift.

Navis TubeTex, a provider of finishing machinery to the textile industry, announced the purchase of Gaston Systems, a designer of advanced coating systems for textile and nonwoven industries.

Thordon Bearings has signed a multi-vessel supply agreement to provide water-lubricated and grease-free bearings for 12 twin-screw push boats under construction at FMT Shipyard & Repair in Louisiana for Maritime Partners.

Manitou Group plans to invest $80 million in its two North American production sites in Yankton and Madison, South Dakota, to increase plant capacity and fund R&D.

CZM, a foundation drilling rig assembly center, announced plans to expand its existing facility in the Interstate Centre II industrial park in Ellabell, Georgia. The company will invest $5 million to add 33,000 square feet of shop space and hire 15-20 new employees.

Azimut Libera Impresa SGR, on behalf of its private equity funds, together with HLD Group, signed a binding agreement to acquire 80% of C.B.G. Acciai S.p.A., a steel blade processing and trading company, from Xenon Private Equity VII and the Filippini Fantoni family.

Saica plans a second phase at its Hamilton, Ohio plant, adding two converting machines including a 4-colour Bobst flexo folder-gluer and a 2-colour Bobst rotary die-cutter. Civil works are to start in coming months, with both machines running in the second half of 2023.

Dragon Products has completed the acquisition of specific assets of Vantage Trailers, including trademarks and patents for aluminum bulk aggregate/aluminum dump trailers and pneumatic trailers. Terms were not disclosed.

ASV/Yanmar plans a $9.4 million expansion in Grand Rapids, Minnesota, including a 60,000 square foot high-bay warehouse and manufacturing equipment, to ramp up production of compact track loaders and add hundreds of jobs.

SK-Precíziós Szerszámgyártó Kft., part of the German Karl Schüssler family company, will build its first factory outside Germany in Sárospatak, Hungary, with an investment of over HUF 2 billion (EUR 6 million). The plant will create nearly 30 jobs and produce 200,000 precision tools per year using 30 CNC machines.