Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Riduttori, inaugurated a 42,500-square-meter high-tech smart assembly facility in Pune. The facility commenced operations on November 29, 2023, with an investment of Rs 100 crore.
Brugola OEB added 11 new Industry 4.0 machines and expanded its production space with a new 1,000+ m² plant for cold forming in Lissone, Italy. The company also plans to hire about 50 new employees by January 2024.
TEMICO, a joint venture between TECO Electric & Machinery and Mitsui & Co., has inaugurated a high-efficiency motor factory in Bengaluru, India. The plant occupies 18,500 square meters and will produce e-vehicle powertrains and high-efficiency industrial motors.
The JOEST group has acquired Mogensen GmbH & Co. KG (Germany), Fredrik Mogensen AB (Sweden), and Allgaier Mogensen S.L.U. (Spain) from the Allgaier Group. The acquired companies will continue as independent entities with all 140 employees retained.
AISYS INDUSTRIAL has expanded its production capacity by installing a ZAYER KAIROS V5 11000 fixed bed machining center with five simultaneous axes and 11 m stroke at its facility in São José dos Campos, Brazil.
Jered, a producer of large components for ships and aerospace, plans to construct a new 10,000-square-foot building in Brunswick, Georgia, with a $45 million investment. The project is expected to create 40 new jobs.
Renfe Ingeniería y Mantenimiento has awarded a contract to BARPIMO COATINGS S.A. for the supply of paint accelerator groups, valued at €12,480 (excluding VAT).
SPIE has signed an agreement to acquire ROBUR Industry Service Group GmbH in Germany. The acquisition is expected to close in the first half of 2024.
Produmat plans to move all production to its new plant in Las Varillas, Córdoba, Argentina, and incorporate new equipment including a horizontal machining center and a turning center, as well as robotic technology, in 2024.
AEQUITA SE & Co. KGaA entered a definitive agreement to acquire three businesses from Salzgitter Maschinenbau AG: PEINER SMAG Lifting Technologies, mobile drilling and mining solutions, and mobile antenna masts. The businesses generate about EUR 130 million in turnover with 850 employees.
InCompass, a platform company of TJM Capital Partners, reached a definitive agreement to acquire Bridgeport Machine Tool Company, a manufacturer of vertical milling machinery. Financial terms were not disclosed.
Russian President Vladimir Putin authorized PSK – New Solutions to acquire 100% of the shares of Caterpillar Tosno plant in Leningrad Oblast, which produces excavators, dump trucks, and generator sets, as well as 100% of Caterpillar Financial.
OM Manufacturing will expand its Nagaoka plant in Niigata, Japan, adding 1,944 square meters of floor space with an investment of about ¥1.3 billion. Construction starts November 2023, completion expected November 2024.
Gühring Group held the opening ceremony for a new factory in Changzhou, China, built by its subsidiary Guhring (Changzhou) Cutting Tools Co., Ltd. The plant has an annual production capacity of 1 million cutting tools and an annual output value of about 300 million yuan.
Huisman secured a contract to upgrade the offshore mast crane on Heerema Marine Contractors' Aegir vessel, enhancing the second main hoist capacity from 2,000mt to 3,200mt.
HD Hyundai Construction Equipment signed an agreement with Ulsan City for the 'Ulsan Campus Advancement Project', investing 1.941 trillion Korean won by June 2025. The project will increase production capacity by 67% to over 15,000 units annually and add more than 600 employees.
Kyoto Group, with partners Kyotherm and Energiabörze, signed a 15-year Heat-as-a-Service agreement to deliver steam to KALL Ingredients' corn processing plant in Hungary. The deal includes a €6.4 million order for a Heatcube system.
Fortaco Estonia is opening a new production unit in Narva's industrial park, costing €16 million and partly supported by the EU Just Transition Fund. The plant may create up to 150 jobs and is expected to start production in the second half of 2024.
SW Germany will invest 100 million yuan to upgrade its Chongqing plant in the coming 3-5 years.
SW Germany will invest an additional 5 million euros in the third phase of its Suzhou, Jiangsu factory over the next three years. The company also plans to invest 100 million yuan to upgrade its Chongqing plant over 3-5 years.
LAPP opened its second plant in China in Lingang Diamond Park near Shanghai on 22 November 2023, marking 20 years of LAPP in China. The plant will expand production capacity for cable and connection technology and serve as a research and development centre.
Fortaco will open a new production unit in Narva Industrial Park, Estonia, with a €16 million investment, including €8 million for equipment. The expansion is expected to increase the workforce from 550 to 700 by the second half of 2024.
Walter AG and Gebr. Heller Maschinenfabrik GmbH entered into a technology and development partnership focusing on integrated customer solutions for the machining industry, including joint development of sustainable machining processes.
STAN, a machine tool holding under Rostec, will open a new plant for CNC grinding machines in the Lipetsk special economic zone. The facility will produce 57 machines in 2024, with full capacity of 160 units per year by 2030, and total investment over 300 million rubles.
Continental Diamond Tool opened a second production unit in Kinmel Bay, Conwy, to house a new electro-plating operation, supported by a £1.6 million investment package from the Welsh Government.
UK food packaging manufacturer DMD 2000 invested in a Ridat 3024ATF Large Format automatic inline thermoforming machine to increase production capacity for plastic trays at its facility.
Northwest Pump acquired D.R. Smith Co. (dba Air Compressor Service), an Everett, Washington distributor and servicer of air compressors, with the transaction closing April 30, 2021.
KSB Limited has acquired the technology of Bharat Pumps & Compressors Ltd, becoming its sole owner, and will use its SupremeServ unit to handle spare parts and service for about 5,000 BP&CL products in India.
Eagle Crusher is investing $1.8 million to expand its Bucyrus, Ohio manufacturing facility, adding welding tables, a paint booth, cobot technology, and other upgrades to increase capacity.
Machinery manufacturer Norwalt opened a new facility in Tampa, increasing floorspace by 25% with room for adjacent buildouts.
Ferronordic agreed to acquire Rudd Equipment Company, a Volvo CE dealer in the U.S., for $95 million. The deal is expected to close on November 30, 2023.
ITV Ice Makers selected Innova's Stretch Hood packaging line to automate end-of-line packaging at its Valencia, Spain facility. The project was completed in summer 2023.
Joyce/Dayton Corp. announced a major expansion of its Portland, Indiana plant from 82,000 to 108,000 square feet, adding 39 jobs by end of 2026. Construction starts March 2024, completion early 2025.
SKF has signed an agreement to acquire 2C Composites, a German supplier of high-performance fibre composite components for magnetic bearings.
Haver & Boecker and IBAU HAMBURG have successfully commissioned the world's largest multi-compartment cement silo.
One Equity Partners signed an agreement on November 20, 2023 to acquire TechnipFMC's Measurement Solutions business, a provider of liquid meters and metering systems employing about 450 people across six facilities, including plants in Erie, PA and Ellerbek, Germany. Closing is expected in the first half of 2024.
Nederlandse Gasunie awarded Fornovogas Srl a contract to supply mobile green gas booster packages, a single lot valued at EUR 10 million under a framework with a maximum of EUR 10 million.
Wuxi Scol Automatic Control Equipment Co., Ltd. held a groundbreaking ceremony on November 18, 2023 for a new factory on a 30-mu site. The company plans to invest 110 million CNY in the project, with operations expected to start in October 2024.
Rexroth GmbH, the largest employer in Rhinow, has built a new hall for assembly work and storage at its Rhinow site, with a topping-out ceremony held.
Citizen Machinery announced a ¥2 billion investment at its Kitakami plant in Iwate, Japan, to increase machine tool production capacity by up to 20% by fiscal 2025. The investment includes a new warehouse and office building, with completion expected in March 2025.
Mikisew Group's private investment division bought ATB Private Equity's holdings in Edmonton-based JL Filtration, giving Mikisew a majority interest in the industrial filtration equipment maker.
Micronics Engineered Filtration Group acquired FLSmidth's filter media division AFT, a dry filtration specialist making high-temperature felts and woven filter media for baghouse filtration.
Fives has been awarded a contract to supply an FCB Horomill to Cementos Moctezuma.
M2Linx Design SL has been awarded an order for the integration of a truck bag loader at a cement plant in Algeria.
Commissioning of the new IKN cooler at the Malogoszcz cement plant in Poland is about to start.
Zhengzhou Hengda Zhicong Technology Co., Ltd. has awarded a contract to Henan Jingkai Machinery Equipment Co., Ltd. for the supply of 5 vertical machining centers for its main valve line. The contract value is CNY 3,386,000.
Shaangu Power signed a contract with China Energy Construction Group to supply multiple large-scale compressor units and auxiliary equipment for the Gansu Jiuquan 300 MW compressed air energy storage power plant demonstration project. The project is described as the world's first 300 MW man-made cavern CAES plant.
Burnside America Inc. will invest at least $4.8 million to expand its hydraulic cylinder manufacturing in Franklin County, Pennsylvania, creating 15 new jobs and retaining at least 32 existing jobs. The project includes a 30,000-square-foot expansion and two new production lines, with support from a $3.3 million PIDA loan.
SANY Southern Africa has begun construction of a R300 million headquarters in Boksburg, Gauteng, South Africa, which will include an assembly workshop for excavators. The ground-breaking ceremony took place on November 15, 2023, with completion expected in 11 months.
Mifa, a precision aluminium extrusion company, is constructing a new surface treatment production line in a new facility in Venlo, Netherlands, to expand capabilities and improve sustainability.