Titan International completed a $2 million upgrade to its manufacturing facility in Des Moines, Iowa, adding two new 104-inch curing tire presses to increase output capacity for large agricultural tires.
Dril-Quip, Inc. and Innovex Downhole Solutions, Inc. announced a definitive agreement to merge in an all-stock transaction. Dril-Quip stockholders will own approximately 52% and Innovex stockholders approximately 48% of the combined company.
CFF Fluid Control Ltd received a biennial rate contract from Mazagon Dock Shipbuilders for engineering work on Project-MRLC-2 INS Shankush, worth Rs 46,46,00,000 and due for delivery by August 2026. The order was reported on March 19, 2024.
呲铁机械有限公司's new facility for producing 300 CNC equipment units per year opened in Sankou Town, Huangshan, Anhui. The project covers about 20 mu, with a total investment of 55 million yuan, annual output value of 70 million yuan, and annual tax of about 3 million yuan.
Sewer Equipment Company of America will build a 23,000-square-foot parts distribution center in Dixon, Illinois. Site preparation begins next month with completion expected in October or November 2024.
ServiceNow has signed an agreement to acquire 4Industry, a Netherlands-based manufacturing technology application provider, and completed the acquisition of Smart Daily Management, a connected digital worker application from EY. The deals augment ServiceNow's operational technology management capabilities for industrial markets.
Taco Comfort Solutions is expanding its Fall River, MA plant with a $20+ million project, adding 52,000 square feet to produce larger tanks, heat exchangers, and other products. Groundbreaking began in September 2023, with completion expected in about 18 months.
Carlyle Group is nearing an agreement to acquire Siemens' mechanical drive arm Flender for about EUR 2 billion ($2.37 billion).
Siemens is integrating NVIDIA Omniverse Cloud APIs into its Xcelerator platform to create an industrial metaverse with AI-driven digital twins.
Chart Industries received an order from Element Resources for hydrogen liquefaction systems, liquid hydrogen storage and transport equipment, and hydrogen compression for the Lancaster Clean Energy Center in Lancaster, California. The plant is targeted to begin commercial operations in 2026 and produce over 20,000 tons of green hydrogen annually in its first phase.
Austrian machine maker STATEC BINDER completed its largest order to date, worth over EUR 10 million, delivering 16 packaging lines and related equipment for a petrochemical customer in India. The lines pack HDPE, LLDPE and PP granules into 25 kg sacks.
Yanmar Compact Equipment has commenced production of its first compact track loader, the TL100VS, for the North American market, with three more models planned for later in 2024.
GE Aerospace is investing nearly $450 million in new machines, inspection equipment, building upgrades, and safety enhancements at 22 facilities across 14 states, with a focus on additive manufacturing, and plans to hire over 1,000 employees.
Kongsberg Defence & Aerospace is investing over NOK 640 million to increase missile production capacity, including equipment for a new missile factory in Kongsberg and a new facility for sensor components, with support from Norwegian authorities and the EU's ASAP program.
Hoshizaki is expanding its ice machine manufacturing plant in Telford, UK, with a revised site layout to increase capacity. The plant aims to achieve a theoretical output of 50,000 units by the end of 2026, up from 34,000 units in 2023.
AM Maschinenbau in Erbendorf has received the largest order in its history, worth approximately €2.5 million, from Siemens. The order involves the production of components for Siemens' new generation of wind turbines, with delivery scheduled for 2025.
Biome Technologies' Stanelco RF division has been awarded a £536,000 contract to supply two radio frequency welding systems to an international corporation in the medical supply sector. The systems will be built at the company's Marchwood, UK facility and completed within the 2024 financial year.
AECC Shenyang Liming Aero-Engine Co., Ltd. awarded a contract for five-axis machining centers to Shenyang Zhongjie Aerospace Machine Tool Co., Ltd. The contract value is not disclosed.
Nidec and KPS Capital Partners are reported to be competing to acquire Innomotics, the motors and large drives business spun off by Siemens, which has sales of €3bn and could fetch a similar sum.
Jiangsu Ruixiang Chemical's 1.2 Mt/a high-salt wastewater recovery project in Yizheng published a bid ranking for chlorine gas compressor units, with Yangzhou Jiuzhou Pump Co. first at RMB 5.79 million with delivery six months after signing.
Sydenstricker Nobbe Partners (SNPartners) announced it will acquire Cazenovia Equipment, an agricultural and equipment dealer with 10 locations in New York. The deal is set to close on June 1, 2024. Terms were not disclosed.
Pack'R, a manufacturer of filling and capping machines for liquid products, plans to build a new 12,000 m² workshop and 2,500 m² office facility in Saint-Léger-de-Linières near Angers, France, with a total investment of EUR 15 million. The company aims to move in by 2026.
FIMI Group announced a new contract with Tata Steel. Details of the contract value and scope were not provided in the available text.
Decisive Dividend Corporation, through its subsidiary Hawk Machine Works, acquired the assets of Alberta Production Machining Ltd. for $2.7 million cash. The acquisition provides Hawk with increased machining capabilities and access to additional equipment and people in Edmonton, Alberta.
Germany's Hengst Filtration opened a new manufacturing facility in Yelahanka, Bengaluru, India, with an initial investment of 2 million Euros. The 36,000 square foot facility will manufacture filtration products for automotive, hydraulics, healthcare, and industrial sectors.
Nexson Group, a French thermal process component producer, acquired Thermowave GmbH, a German manufacturer of plate heat exchangers, from the Güntner group. The acquisition expands Nexson's portfolio in heat exchange technology.
INDUS Holding AG acquired Gestalt Robotics, a Berlin-based developer of AI-based industrial automation solutions. Gestalt Robotics employs around 50 people and generates annual sales of about EUR 5 million.
PetroVietnam Packaging Joint Stock Company invited bids for procurement of one coating/laminating machine for its Bac Lieu petroleum packaging factory, with a tender value of 7,945,539,480 VND.
Liebherr commissioned a new assembly hall for battery-electric wheel loaders at its plant in Bischofshofen, Austria. The €2.2 million investment, completed in March 2024, has a production area of nearly 1,000 m² and a maximum yearly output of up to 500 battery-electric wheel loaders.
BIBUS UK Ltd, a distributor, announced a strategic collaboration with Thomson Linear Motion, a linear motion solutions provider.
Atlas Copco acquired Germany distributor Druckluft-Technik-Nord, which joins Pacific Sales & Service in its Service division. The price was not disclosed.
Ziemann Holvrieka has broken ground on a new production facility in the Amistad Chuy María Industrial Park in Ramos Arizpe, Coahuila, Mexico, with a projected investment of $20 million, creating 150 jobs. The facility will manufacture stainless steel tanks for the liquid food industry.
Liebherr-Werk Bischofshofen commissioned a new assembly hall for battery-electric wheel loaders at its plant in Bischofshofen, Austria, investing over €2.2 million. The hall, operational since March 2024, has a maximum yearly output of up to 500 units.
The European Commission approved the acquisition of sole control of Fassi Holding S.r.l., an Italian company, by Investindustrial S.A., based in Luxembourg.
Windar Renovables formalized the purchase of the former Alu Ibérica (ex-Alcoa) facilities in Avilés, Spain, for €20 million, with plans to invest €110 million to convert it into an offshore wind turbine structure factory, creating 500 direct jobs.
AERZEN held the grand opening of a new 5,614 square meter turbo manufacturing facility in Cheongju, South Korea, on March 12, 2024. The plant adds production lines and is expected to create more than 5 jobs.
A project to produce 200 high-end CNC machine tools annually was signed in Tunxi District, Huangshan City. Total investment is CNY 100 million, with phase one in Jiulong Industrial Park and phase two on 30 mu of land. Expected annual output value over CNY 150 million after full production.
Lindsay Corp. announced a $50 million investment to expand and modernize its manufacturing facility in Lindsay, Nebraska. The project includes building expansion, new production area, and new technology including robotics and AI.
AQ Group AB signed an agreement to acquire 100% of the shares in JIT Mech se Industri AB and its subsidiaries for SEK 40 million in cash plus earnout, subject to regulatory approval, expected to close in Q2 2024.
Fecon LLC acquired Stumper Industries, a manufacturer of stump grinder attachments for compact equipment. The acquisition expands Fecon's landscaping and land maintenance solutions. Financial terms were not disclosed.
High Road Capital Partners-backed John Henry Foster Minnesota, a provider of compressed air, automation and robotics solutions, completed the acquisition of HTE Technologies, an automation supplier in Kansas, Missouri, and Illinois. Financial terms were not disclosed.
H2 Hauler has selected Emerson as its technology partner to provide an integrated hydrogen mobility business management system for safe and efficient hydrogen transport and storage.
Hanwha Ocean selected Norway-based TMC Compressors to supply compressed air systems for four 174,000 cubic metre LNG carriers being built for an undisclosed Asian shipowner. The contract value was not disclosed.
Saurer signed an agreement with Shanghai Digital Intelligence World Industrial Technology Group (DIW) to supply spinning equipment worth over RMB 1.2 billion (EUR 153 million) for DIW's upcoming textile production facilities.
Durabac is nearing completion of a 23,000-square-foot expansion at its Granby facility, which will double production capacity for waste collection equipment and create 20 new jobs.
John Deere will inaugurate expansions at its Pla plant in Las Rosas, Santa Fe, in April 2024, increasing production capacity of sprayers and seeders by 50%. The investment is over USD 15 million.
Heineken selected Siemens as a partner for its global Net Zero Production roadmap, with Siemens implementing energy-saving solutions at over 15 Heineken production sites across Asia-Pacific, the Americas, and Europe.
L&T's hydrocarbon unit secured a significant order from ONGC for engineering, procurement, construction and commissioning of process gas compressor modules at Mumbai High and Tapti offshore locations, valued between ₹1,000 and ₹2,500 crore.
Tederic Machinery inaugurated a new headquarters and 4.0 Smart Factory in Hangzhou, China, capable of producing up to 3,000 electric injection molding machines annually, and a new production plant in Jiaxing, China, with capacity for up to 5,000 hydraulic injection molding machines annually.
Twin Disc, Inc. entered a definitive agreement to acquire Katsa Oy, a Finnish manufacturer of power transmission components and gearboxes, pending approval from the Finnish Ministry of Economic Affairs.