Ingersoll Rand Inc completed the acquisition of SPX Flow's Air Treatment business for approximately $525 million in cash. The business includes brands such as Hankison, Pneumatic Products, Jemaco, Deltech and Delair.
NTG Precision Engineers, part of the NTG Group, has installed a new DN Solutions Puma 700LM II multi-tasking turning centre at its Gateshead facility, supplied by Mills CNC. The investment increases machining capacity for large precision components.
Sumitomo (SHI) Demag has started construction of a new 4,000 m² production hall at its Ningbo site, doubling production capacity and creating 50 jobs. The facility will expand production to include larger tonnage Systec Servo machines up to 1,500 tons. The new hall is set to open in autumn 2023.
Microverse Automation Private Limited received the single-largest Distributed Control System (DCS) order from Gharda Chemicals in Sayakha, Gujarat, totaling 15,000 IO. The contract was awarded as of January 1, 2023.
Yanmar Compact Equipment North America announced a 32,000-square-foot expansion to its Grand Rapids, Minnesota facility, including a new powder coating paint system that will increase paint capacity up to three times and parts manufacturing capacity up to two times. The project is expected to add hundreds of full-time positions over the next five years.
Sunnen Europe Holding AG has acquired Hommel Präzision GmbH, a distributor of Sunnen's cross-grinding machines and accessories in Germany, effective January 1, 2023. The acquisition includes about 30 employees.
SVgroup, owner of Schuitemaker and Veenhuis brands, acquired Jan Veenhuis Machinefabriek B.V., a manufacturer of agricultural and construction dump trailers and hook-arm loader systems in Raalte, Netherlands, effective January 1, 2023.
Mondi installed a 3.35m BHS Corrugated Width Line at its Mszczonów plant near Warsaw, following a factory extension, lifting planned output to over 320m sqm per year. The extension and new corrugator were implemented in 2023.
Ünsal Makina commissioned its new facility in Kayseri İncesu OIZ at the end of 2022, aiming to increase production capacity and expand exports to the USA.
ABB acquired Siemens' low-voltage NEMA motor business, expanding its manufacturing operations in North America, including a plant in Guadalajara, Mexico, and increasing its global NEMA market share to over 43%.
The Toro Company announced plans to expand Ditch Witch in Perry, Oklahoma, with a new 200,000-sq-ft manufacturing facility and approximately 100 new jobs.
MTS Systems Corporation entered into an agreement and plan of merger with Amphenol and Moon Merger Sub Corporation, a wholly-owned subsidiary of Amphenol. The transaction was assisted by Rajah & Tann Asia.
Nordic Crane has appointed Paul Karlsen as chief operating officer of its heavy lift division.
LiuGong plans to move its concrete machinery business from Jiangsu Qidong to Guangxi Liuzhou, and dispose of the Qidong plant's assets to repay a loan of 195 million yuan to LiuGong Group.
Riwal has started winding up its UK operations after 13 years in the country.
Enjet announced on December 29, 2022, a KRW 2.75 billion contract with HB Solution to supply dispenser ELB print modules, with a contract period from December 29 to December 30, 2022.
Seiko NSK plans to invest 30 billion yen over five years to increase production of bearings for electric vehicles, including at its Ishibe Plant in Konan City, Shiga Prefecture. The plan was reported on 29 December 2022.
Chongqing Gas Compressor Works won the second-round tender for BOG high-pressure compressors for the Wuhu Changjiang LNG inland receiving and transshipment terminal in Anhui, at a bid price of RMB 18.5 million. The tender was awarded by Anhui Changjiang LNG Co.
Kavanagh Crane Hire has confirmed the acquisition of Cork-based Wm. O'Brien Crane Hire.
The Ahmedabad bench of NCLT approved the resolution plan by Hazel Mercantile Ltd (with Swan Energy as strategic partner) to acquire Reliance Naval and Engineering Ltd. Hazel Infra Ltd will take over the corporate debtor and subscribe to 50 million fresh equity shares.
Amthor International announced a $30 million capital plan to construct a new 33,000-square-foot facility in Gretna Industrial Park, Virginia, creating 60 new jobs. Additional equipment investments are also being made at the existing plant.
TITK e.V. Thueringisches Institut fuer Textil- und Kunststoff-Forschung e.V. awarded a EUR 219,000 contract to Farsoon Europe GmbH for the procurement of a selective laser sintering system. The award was granted on 2023-01-26.
Hungarian manufacturer EuropeLift's new 21 metre dual boom TM21GTi trailer lift has entered production and is available to ship.
Italian crane distributor Tecno Gru has ordered 30 Terex Rough Terrain cranes.
Jiangsu Libert and its unit Shanghai Libert Construction won contracts worth CNY 8.2 billion ($1.2 billion) to supply equipment and civil construction services to BASF's Zhanjiang Verbund site and Albemarle's lithium hydroxide plant in Meishan.
Massman Companies is pursuing a $16.3 million expansion to Alexandria, Minnesota, with a new 72,000-square-foot facility for assembling automated packaging systems. The project would transfer 100 jobs from Villard and create 10 new positions, targeting completion by early 2024.
Montana Aerospace is selling a 53% majority stake in its machinery division Alpine Metal Tech GmbH to a company owned by investor Michael Tojner, with annual revenue of about EUR 100 million and over 500 employees.
OOO TMH-Electrotech, a Novocherkassk-based electric motor manufacturer, will invest RUB 5.2 billion in loans from the Industrial Development Fund to increase production of asynchronous traction electric motors for mainline locomotives by 35% to 5,700 units per year, and develop a new line of traction electric motors for electric trains and metro cars to 2,700 units per year, by 2025.
Shenji Group won all six sets of 110,000 m³/h air separation compressor units for the first phase of Inner Mongolia Baofeng Coal-Based New Materials' 3 Mt/yr coal-to-olefins project. The order was reported on 27 December 2022, and Shenji also won 27 other process compressor sets for the project.
Jiangsu Weima Yueda Intelligent Equipment Co., Ltd. won a contract to supply 9 machining centers to Bentele Jian'an Automotive Systems (Chongqing) Co., Ltd., with a total contract value of nearly 30 million yuan.
Dürr Coatings System Engineering (Shanghai) Co., Ltd. won the bid for the RTO (regenerative thermal oxidizer) equipment procurement for the Lianyungang Sheng'nong Chemical Technology Co., Ltd. polymer additives project (Phase I), with a bid amount of CNY 11.1 million.
Qinchuan Machine Tool & Tool Group Co., Ltd. (000837.SZ) announced plans to establish a wholly-owned subsidiary, Shaanxi Qinchuan High-Precision Transmission Technology Co., Ltd., by contributing assets and cash from its robot reducer business. The board approved the plan on December 25, 2022.
Schiebel Components plans to open a production facility in Jagodina, Serbia, for actuators, investing nearly EUR 2 million and creating 40 jobs.
Ingersoll Rand completed its all-cash acquisition of SPX Flow's Air Treatment business for about US$525 million in Q1 2023. The business makes compressed air dryers and filters.
Cramo Finland has ordered six spider lifts from Italian manufacturer Easy Lift.
Italian spider lift manufacturer CMC has agreed the acquisition of its North American distributor, All Access Equipment.
CNH Industrial's St. Valentin plant in Austria produced 10,000 tractors in 2022, a milestone not reached in a decade, despite supply chain challenges. The plant recently invested in a new paint facility.
Detyens Shipyards Inc. has been awarded a $10,051,547 firm-fixed-price contract by the U.S. Navy's Military Sealift Command for the mid-term availability of fleet replenishment oiler USNS Laramie. Work will be performed in North Charleston from Feb. 14, 2023 to April 29, 2023.
Andra Tech Group, a Dutch precision components manufacturer, acquired a majority stake in German metal precision components specialist Mayer Feintechnik, marking its first acquisition in Germany under Equistone's ownership.
Coperion completed the acquisition of Herbold Meckesheim, integrating it into its new Recycling Business Unit to offer complete solutions for plastics recycling.
Schuler, through its subsidiary Farina, installed a fully automated aluminium forging line at Strojmetal's new site in Bruntál, Czech Republic. The line, centered on a 2,500-tonne Scotch Yoke press, has gone into operation.
Ingersoll-Rand (India) Limited's board approved on December 22, 2022 a new manufacturing plant in Gujarat, India, with an investment of about INR 170 crore. The plant will add 5,000 units per month initially by September 2024 and make air compressors, air treatment devices and hydrogen compressors.
Webuild, as part of the Parklife Metro consortium, reached financial close on a contract to build the Sydney Metro - Western Sydney Airport project. Webuild's stake is worth approximately AU$3.83 billion (€2.4 billion). The contract includes construction of six stations and operation and maintenance for 15 years.
Schmietex Engineering GmbH took over a large part of the needle and parts assortment of Naplafa, continuing production at the Chemnitz site under the Naplafa brand. The acquisition was effective from July 1, 2022.
Azad Engineering laid the foundation for an 11,800 sq. m facility in Hyderabad, India, dedicated to manufacturing for Mitsubishi Heavy Industries, with a USD 20 million investment and expected to employ 300 people.
ANDRITZ received an order from Stora Enso to deliver a debarking line, a biomass boiler, and upgrade the recausticizing plant for its Oulu mill in Finland, as part of converting a paper machine to consumer board production.
Houchens Industries is acquiring Air Hydro Power, an industrial distributor of motion control and fluid power solutions. The deal is expected to close in January 2023.
Altoz has opened a new 75,000 square-foot production facility in Red Lake Falls, Minnesota, with the first zero-turn mower coming off the production line. The $15 million first phase of the project is underway.
Menzel Elektromotoren held a topping out ceremony for its new motors plant in Hennigsdorf, Berlin. The facility is expected to be commissioned in late 2023, with full-capacity operations starting in January 2024.
German concrete mixer manufacturer Euromix MTP placed a €4.75 million order with Hiab for medium and heavy range loader cranes and hooklifts. Deliveries will run through 2023 and into 2024.