Mitsubishi Heavy Industries Compressor International will supply steam turbines and compressor packages to Dow for its net-zero Path2Zero ethylene cracker at Fort Saskatchewan, Alberta, under two contracts. Dow's overall brownfield investment is $6.5 billion.

TLT-Turbo GmbH has appointed Gerd Jegodzinski as its new CEO, succeeding Matthias.

Werk-Brau, a manufacturer of heavy construction equipment attachments, obtained a building permit for a $4 million, 26,000-square-foot expansion to its Fostoria Avenue plant in Findlay, Ohio. The addition is expected to be completed by September 2024 and will not add jobs.

Manitowoc Tool & Machining acquired MVI Machine Company of Kaukauna, Wisconsin. MVI produces parts for mining, power generation, defense, aerospace and oil/gas industries.

AGES Industri AB has acquired all shares of A-Tooling AB, a Swedish tool component supplier, for 32 MSEK, paid partly in cash and partly in newly issued shares.

Grinding machine supplier Koyo Machinery USA will be integrated into JTEKT Machinery Americas, combining product lines and customer support. Koyo's operations will relocate from Plymouth, Mich., to JTEKT's Wixom, Mich., center.

MODIG, a Swedish group, announced the strategic acquisition of LiCON, a German machine tool manufacturer. LiCON joins the group alongside Modig Machine Tool and IBARMIA, in which MODIG holds a significant minority stake.

MACH Machine Tools Limited has been awarded a contract worth £238,000 to supply engineering mills and lathes to Newcastle College, part of NCG.

MakinaRocks and Rockwell Automation announced a strategic partnership to integrate AI solutions into industrial automation, with Rockwell providing PLC and software solutions.

Greatoo Intelligent announced it has signed major contracts worth CNY 574 million (€74 million) to supply intelligent servo hydraulic vulcanising presses to 10 Chinese tire makers. The contracts were disclosed in a 30 January 2024 stock exchange announcement.

Auger Torque announced the grand opening of a new 100,000-square-foot manufacturing facility in Ningbo, China. The facility is equipped with advanced technologies including welding robots and a painting line, and employs over 100 staff.

Snap-on Incorporated will invest $44 million to expand its Elizabethton, Tennessee facility, adding nearly 49,000 square feet of manufacturing space and new equipment. The expansion will create 50 new jobs.

Valmet will deliver a complete tissue line and a biomass boiler to Suzano Papel e Celulose's Aracruz mill in Espírito Santo, Brazil. The tissue line has an annual capacity of 60,000 tons and is scheduled to start up in Q1 2026; the biomass boiler is scheduled for Q4 2025.

Rheinmetall has started the second phase of construction at its ammunition plant in Várpalota, Hungary, expanding the site by 20 hectares to 120 hectares. The expansion will add production of 155mm and 120mm ammunition, with production slated to begin in early 2026, and total employment to reach 200.

Palfinger is building a new production facility for crane and lifting solutions in Niš, Serbia, with an investment of €35.5 million. Production is planned to start in 2024, and the plant is expected to employ nearly 400 workers by 2027.

Greatoo Intelligent (002031.SZ) signed sales contracts with 10 tire manufacturers for hydraulic tire curing presses totaling 574 million yuan. The contracts are expected to positively impact 2024 performance.

Interpump Hydraulics has laid the foundation stone of its new 62,000 square meter headquarters in Sala Bolognese, near Bologna, Italy, with an investment of about 30 million euros. Staff from Calderara di Reno and Bologna will move there starting in 2025.

Groupe SEB announced the construction of its first Professional Equipment Hub in Shaoxing, China, with a €60 million investment. The hub will include R&D centers, purchasing offices, and manufacturing facilities for professional coffee equipment and other categories, expected to be operational by 2025.

Gucon announced that Ronconi, a leader in filling and packaging machines and systems, has become part of Gucon as of January 1, 2024.

CLOOS WELDING PRODUCTS plans to invest 80 million PLN to expand its production facilities in Źródła, Miękinia commune, near Wrocław, Poland. The expansion will focus on producing advanced control systems for welding automation and is expected to create at least 70 new jobs, with completion by the end of 2025.

Krones has agreed to acquire 100 percent of the Netstal Group from KraussMaffei, with the agreement signed on February 6, 2024 and completion expected in the first half of 2024.

Norway-based TMC Compressors will supply a large marine compressed air system, including control and service air compressors, for Yinson Production's Agogo FPSO offshore Angola, which is expected to be operational in 2026.

MXD Process, a leader in process engineering and equipment manufacturing, has acquired Branch Environmental Corporation, a specialist in air and water purification systems based in Somerville, New Jersey.

Solv Metals, a subsidiary of Solv Holdings, acquired Wisconsin Metal Parts and Lean Manufacturing Products, both based in Waukesha, Wisconsin. Financial terms were not disclosed.

Volpak has formed a strategic partnership with Watttron to integrate intelligent digital sealing technology into horizontal pouching machinery, aiming to improve sealing quality and reduce material waste.

Rise Research Institutes of Sweden AB awarded a contract to Ipco Italy S.r.l. for a food-grade steel belt dryer for single cell protein. The contract value is SEK 33,000,000 (approx. EUR 2.9 million).

Continental's ContiTech unit will build a hydraulic hose plant in Aguascalientes, Mexico, with an investment of around 90 million dollars. The first stage will create more than 200 jobs, with construction planned for the second half of 2024 and operations expected in the second half of 2025.

Oerlikon Polymer Processing Solutions sold its Oerlikon Barmag Automation (OBAA) unit to Irico Gualchierani Handling S.r.l. (IGH). The closing occurred on December 20, 2023, and the new unit will operate as IG Automation GmbH.

Investindustrial Group acquired a 70% stake in Italian loader crane manufacturer Fassi Gru from the Fassi family. The Fassi family retains 30% and Giovanni Fassi remains CEO.

GH Cranes & Components will build a new factory in Texas, USA, with a total investment of nearly EUR 13 million. COFIDES granted a joint venture loan of USD 4.7 million, matched by the Basque Finance Institute. The new facility will replace the current Texas factory and expand production capacity.

Rolls-Royce Power Systems opened a new 69,000 sq ft Remanufacturing and Overhaul Center on its mtu Aiken campus in South Carolina, representing a low double-digit million dollar investment. The facility will remanufacture mtu Series 2000, Series 4000 and Detroit Diesel 2-Cycle engines and components, targeting 20,000 parts per year.

Herrenknecht AG is expanding its site in Allmannsweier, Schwanau, Germany by approximately 45,000 square metres to increase manufacturing and storage capacity for tunnel boring machines. Site preparation work has begun.

Gainwell Group acquired TIL Limited (formerly Tractors India) and infused Rs 120 crore, including Rs 70 crore for a preferential equity issue. Gainwell plans to invest Rs 1,000 crore over three years to become a $1 billion company by 2028.

Accenture and Mujin established Accenture Alpha Automation, a joint venture owned 70% by Accenture and 30% by Mujin, to provide AI and robotics solutions for manufacturing and logistics industries.

MaxiTRANS announced over $50 million in advanced manufacturing upgrades at its Ballarat, Victoria site. The investment will expand the facility and implement modern manufacturing technology, with new areas becoming operational over the coming months.

Ivys Adsorption Inc. signed a distribution agreement making it ELGi's distributor for compressors across Quebec and Ontario, including aftermarket management. The deal was announced on January 24, 2024.

Alstom has been awarded a contract worth €260 million by Israel Railways for the production of 96 double-deck coaches, enabling eight-car trains with over 1200 seats. The contract was signed on January 23, 2024.

ASMAR awarded Syncrolift a $5 million contract for basic engineering design of a 5,000-tonne shiplift and transfer system for its Talcahuano shipyard. The design will be completed by end of 2024, with an option for $24 million equipment delivery.

Freighter Group is closing its Queensland manufacturing facility in Carole Park by March 2024, with tipper production transitioning to Ballarat.

Freighter Group is investing over $50 million to upgrade its MaxiTRANS trailer manufacturing site in Ballarat, Victoria, into an advanced manufacturing environment. Installation of new equipment has commenced.

Shandong Heavy Industry Group's subsidiary Sinotruk signed a joint venture agreement to acquire a 40% stake in MNC Leasing for IDR 274 billion. The capital will be used for office network expansion near mining areas and to enhance capital structure.

GROB Systems broke ground in December 2023 on a 135,000 sq. ft. expansion at its Bluffton, Ohio headquarters, adding 35% more space and 200 new jobs. The $24 million project is slated for completion in March 2025.

Dreiling Maschinenbau GmbH designed and built a festooner (strip layering machine) for McAirlaid's, delivered to its Berlingerode site in late 2023. The machine processes nonwoven fabric for meat pads.

EMM (Zwolle, Netherlands) and Chemicar (Zwijndrecht, Belgium) have merged to form a single organization serving international paint professionals, with Quadrum Capital as the major shareholder. The merger includes expansion of warehouse facilities to 17,000 m² in Zwolle from Q1 2024.

ALATAS Americas, Inc. was awarded a 5-year contract for inspection and maintenance of training cranes for the US Army MOS 88H (Cargo Specialist) at Fort Eustis, Virginia, continuing a partnership since 2020 through 2028.

Hubtex Maschinenbau GmbH acquired all shares of Design Storage & Handling (DSH), its general importer for North and Central America, and renamed it Hubtex North America. The division will also open a new West Coast depot in California.

WEG supplied motors for a large-scale upgrade of sewage pumps at three of water board Brabantse Delta's pumping stations in North Brabant, Netherlands, working with pump specialist Pentair.

UTS Systems, LLC acquired Brinkley Technology Group, LLC (d/b/a Hercules Manufacturing), a supplier of generators, heaters and trailer-mounted support systems. The Massillon, Ohio facility will continue operations as part of UTS.

Avanti Conveyors has expanded into a new 20,000 sq.ft. factory unit in Glossop, High Peak, to increase production area for machinery and software for the paper packaging industry.

ACCURL has begun construction of a new smart, green factory at its headquarters in Anhui, China, with an investment of approximately €38 million ($41.5 million). The facility, covering 61,300 square meters of production area, is scheduled for completion by the end of 2024 and will produce laser cutting systems and CNC press brakes.