Kyocera Unimerco Tooling, a subsidiary of Kyocera, signed an agreement to acquire 100% of German cutting tool manufacturers BFT Hartmetall Werkzeuge and GSB GmbH. The acquisition expands Kyocera's capabilities in oscillation machining.
GEA will invest around EUR 50 million to modernize its centrifuge production facilities in Oelde and Niederahr, Germany, by the end of 2024. The investment focuses on sustainability, digitalization, and automation.
Lafert, a Sumitomo Heavy Industries company, has officially opened a new production plant in San Donà di Piave, Italy, for IE5 Super Premium Efficiency motors. The plant, built with an investment of approximately EUR 18 million, covers 12,000 square meters and can produce up to 1,400 pieces per day.
Dicker Precision Components Ltd, a subcontract manufacturer, took delivery of a Dugard 1100 vertical machining centre from Dugard Machine Tools. The machine was delivered and running within two weeks.
Maquigeral announced a new tractor assembly plant in Itumbiara, Goiás, Brazil, with an initial investment of R$150 million, potentially reaching R$500 million. The plant is expected to open in 2024.
Van Oord, Caterpillar Inc., Pon Equipment and Pon Power signed a Memorandum of Understanding to collaborate on developing and operating zero exhaust-emission heavy-duty earthmoving equipment, including electric machines and mobile charging.
Maqui Geral announced a new tractor assembly plant in Itumbiara, Goiás, Brazil, with an initial investment of R$150 million, potentially reaching R$500 million. The plant is expected to open in 2024.
Bauer Compressors is expanding its Norfolk, Virginia location and will add 47 new jobs.
China Railway Engineering Equipment Group (CREG) launched the first green shield tunneling machine on May 9, 2023. The dual-mode machine, with a 9.16m diameter, will be used for railway tunnels in Sicily, Italy.
Omnia Technologies, an Investindustrial project, has finalized the acquisition of Progema Engineering S.r.l., Comas, Favotto, and Mar.Co. Progema specializes in plants for Parmigiano Reggiano and Grana Padano cheese processing; Comas makes liquid filling machines; Favotto manufactures tanks for beverages; Mar.Co operates in bottling.
Sinopec International Co. issued a public tender for a 2023 framework agreement covering domestic reciprocating compressor valves for Sinopec Shanghai Petrochemical, with a bid deadline of May 16, 2023. The item quantity listed is 100 units of reciprocating compressor parts. The notice is a first change to the original tender.
Amcor signed a definitive agreement to acquire privately held Moda Systems, a New Zealand manufacturer of automated vacuum protein packaging machines for meat, poultry and dairy. The deal adds equipment and services to Amcor's film portfolio. No value was disclosed.
Danfoss signed an agreement with the Haiyan county government in Zhejiang to begin building its second campus there. The local government funds the facility, which Danfoss leases and equips itself.
Barloworld has made significant investments in its wholly owned subsidiary Barloworld Zimbabwe, including new facilities and people, after terminating a 70-year Caterpillar distributorship partnership with Zimplow's Barzem unit. Barloworld Zimbabwe is now the sole distributor of Caterpillar equipment in Zimbabwe.
Sidel Group, a global leader in packaging machinery, announced the acquisition of Makro Labelling Srl, an Italian company specializing in modular labeling machines. Makro will maintain its autonomy, operational headquarters, management, and sales channels.
SEW's subsidiary, Sew Industrial Reducer (Foshan) Co., Ltd., won a land bid for a 240-acre site in Shunde to build its largest manufacturing base in South China. The project has a total rolling investment of over 10 billion yuan and is planned to start production in 2026.
ABB has completed its acquisition of the Siemens low-voltage NEMA motor business. Financial terms were not disclosed. The business employs about 600 people and generated revenues of about $63 million in 2021.
VIS Hydraulics finalized the acquisition of Milan-based GBC Srl, a specialist in overmolded electrical windings for the fluid power industry. The company has been renamed VIS Coils and will remain in Milan.
The Australian Department of Defence awarded a contract to GWB Machine Tools for the supply of pressbrake tooling, valued at $21,519.39. The contract was awarded on 4 May 2023.
Setco Sales Company, a subsidiary of Holden Industries, acquired the assets of GTI Spindle Technology. The combined entity will offer expanded spindle repair and analysis services to the machine tool industry.
CORREGE and THERMO ELECTRIC Inc. announced their merger through a management buyout, creating the COTEMP Sensing group, a temperature measurement solutions manufacturer with over 200 employees in France, UK, USA, and India.
Mellott entered into an agreement to acquire Southern Machinery Company, an aggregates industry service provider.
AGCO announced a capital improvement project to increase production capacities for Massey Ferguson and Fendt Momentum planters at its Kansas facilities in Beloit and Cawker City, starting Q2 2023 through Q1 2024.
Kawaguchi Machinery will open a new factory in the Central Taiwan Science Park in Erlin, Changhua County, in March 2023. The factory will feature a 7,300 square meter assembly area and a 4,750 square meter clean room assembly area.
Atlas Copco acquired C.P. Service SRL, a compressor distributor and service provider in Naples, southern Italy, with 13 employees and about EUR 6 million turnover in 2022. The purchase price was not disclosed, and the business joins Atlas Copco's Compressor Technique service division.
Manitowoc Tool and Machining (MTM) has purchased G&V Machine Company, a machining company based in Ixonia, Wisconsin. The acquisition adds over 210 CNC machines and brings total employees to over 400.
Stolle Machinery signed a partnership agreement with Sandon Global to exclusively sell Sandon's lightweight pneumatic plate and roll mounting systems for use with Stolle Concord and Rutherford Decorators.
Metsä Board inaugurated a new recovery boiler and turbine at its Husum pulp mill in Sweden on 3 May 2023, part of a €380 million investment that started up at the end of 2022, increasing bio-based energy production and electricity self-sufficiency to over 80%.
BDT Capital Partners has entered into a definitive agreement to acquire a significant stake in ProMach, a processing and packaging machinery solutions provider, alongside existing majority owner Leonard Green & Partners. Financial terms were not disclosed.
Valmet will deliver key technologies and automation systems for Henan Longyuan Paper's new PM7 testliner line at their mill in Henan province, China. The order also includes a quality control system for the rebuild of PM3. The value is undisclosed.
Shenyang Jingrui CNC Machine Tool Co., Ltd. has won a ¥50 million bid to supply a titanium alloy three-axis flip-plate milling intelligent production line to Shenyang Hangchan Precision Manufacturing Co., Ltd.
MHI received a significant order from Brazil-based Klabin for five casemaker machines for its new corrugated board plant in Piracicaba, São Paulo, with two lines due for delivery before the facility opens in late 2023.
CBT Company acquired Crush Bearings and Drives, a family-owned mechanical power transmission company based in Lexington, Kentucky, to expand its presence in the state.
SPIROL acquired Ford Aerospace Ltd., a UK-based manufacturer of high-precision metal components and subassemblies for aerospace, industrial, and high-technology sectors.
e-Emphasys Technologies has merged with CDK Global Heavy Equipment, backed by TA and True Wind Capital. The combined entity will operate as e-Emphasys Technologies, serving heavy equipment and industrial machinery dealers.
ZÖLLER-KIPPER GmbH acquired a majority stake in AMEC shpk, a component manufacturer based in Durres, Albania. The company founders remain as co-shareholders.
Air Products Membrane Solutions announced a $10 million project to significantly increase hollow fiber membrane production capacity at its St. Louis, Missouri facility. The project will create additional highly-skilled jobs.
Rotork has been awarded a contract to supply IQ3 and Skilmatic SI range actuators to the Northern Lights CO2 transport and storage project in Norway. The actuators are due to be installed in 2023.
Fluid System Components, Inc. announced the acquisition of Norcan Fluid Power Company, a fluid power distributor serving Western Canada, which is the largest Canadian distributor of Bosch Rexroth products. Terms were not disclosed.
Hydrotech, Inc. announced its acquisition of Isaacs Fluid Power Equipment Company, a fluid power distributor based in Mason, Ohio, with six locations in the Midwest. Isaacs will operate as a division of Hydrotech, and specific terms were not disclosed.
Queensland Fire and Emergency Services (QFES) awarded Bauer Kompressoren Aust Pty Ltd a contract to supply compressors, valued at AUD 32,422.72, on 30 April 2023. The compressors support emergency response equipment readiness.
Zünd Systemtechnik AG has broken ground on a new assembly and logistics hall in Altstätten, Switzerland, investing 50 million Swiss francs. The project is expected to be ready for occupancy in late summer 2026.
Terramac opened a new headquarters in Sugar Grove, Illinois, more than double the size of its previous facility, and unveiled a new assembly facility in St. Louis, Missouri to increase production capacity.
Cargotec's board initiated a process to potentially separate Kalmar and Hiab into two standalone listed companies via a partial demerger, with Kalmar's listing on Nasdaq Helsinki targeted for 2024.
RIFA Precision Machinery (002520.SZ) has announced a plan to acquire a 24.5176% stake in Zhejiang RIFA Precision Machine Tool Co., Ltd. from the National Manufacturing Transformation and Upgrading Fund for CNY 336.58 million, paid via share issuance. The deal will increase RIFA Precision's ownership to 100%.
Sheffield Forgemasters awarded a contract worth more than £10 million to Jaso Industrial Cranes to supply seven overhead cranes for its new 13,000 tonne heavy forging line at Brightside Lane, Sheffield.
Dallas-based Singer Industrial acquired Arizona-based Hotsy Industrial Systems, a maker of pressure washers, air compressors, wastewater treatment systems and detergents, with financial terms undisclosed. Hotsy will operate within Singer's Fluid Power Division from its Tucson location.
Sheffield Forgemasters has awarded Jaso Industrial Cranes a contract worth more than £10 million to supply seven overhead cranes for its new 13,000 tonne Heavy Forge line at Brightside Lane, Sheffield. The cranes will be supplied and fitted between March 2025 and July 2025.
Volvo Construction Equipment is investing SEK 65 million (€5.8M) in its Arvika plant for electric wheel loader production and SEK 360 million (€32M) in its Braås plant for articulated hauler production, including electric vehicles. Construction at Arvika starts in 2023; Braås investment runs through 2027.
Jaso Industrial Cranes was awarded a contract worth over £10 million to supply seven overhead cranes for Sheffield Forgemasters' new 13,000 tonne Heavy Forge line in Sheffield, UK.