Operio Group acquired Elizabeth Carbide Die Co. Inc., Elizabeth HATA, and Scheu & Kniss, manufacturers of tablet tooling, tableting presses, and press parts for the solid dose manufacturing industry.
Uteco and Bimec have signed an equity agreement to jointly propose products and services for the converting industry, combining their portfolios for flexible packaging and other converting applications.
Sarens deployed a Liebherr LTM 1070 mobile crane to assist Valentine Underground Services complete a storm trap installation in Burlington, Ontario.
DOF Group won a contract from Subsea7 for a time charter of the Skandi Acergy CSV, adding a minimum of 18 months firm backlog, valued at $85-105 million. The contract starts in Q1 2025.
Siemens intends to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for €2.1 billion, increasing its stake from 51% to 69%.
Graham Corporation has acquired P3 Technologies LLC of Jupiter, Florida, a custom turbomachinery engineering and manufacturing business for space, new energy and medical markets. P3 develops pumps, compressors, turbines, high-speed rotors and cryogenic pumps.
Equipos Nucleares S.A. has awarded Makino San Sucursal en España a contract for a vertical machining center for its CTA workshop, valued at €290,000 (excluding VAT).
WFL Millturn Technologies has taken over the UK business of Kyal Machine Tools, establishing WFL Millturn Technologies UK Ltd, effective November 3, 2023.
RAFAMET signed a contract with Franz Kaminski Waggonbau Hungaria Kft. to supply a UFD 140 N wheel lathe for EUR 1.45 million, with delivery by September 30, 2024.
Nidec announced on November 14, 2023 that its tender offer for TAKISAWA shares had succeeded, with 86.14% of shares tendered. Nidec will proceed to make TAKISAWA a wholly owned subsidiary.
Prinoth announced a $25 million investment to expand its Granby, Canada plant from 120,000 to 200,000 square feet, increasing production capacity for crawler carriers and snow groomers.
Atlas Copco Group acquired Hamamcıoğlu Makina (HAMAK), an Istanbul-based distributor of air compressors, parts and service with 23 employees. The purchase price was not disclosed. The business joins Atlas Copco's Compressor Technique Service Division.
Tezmaksan announced the initiation of CubeBOX mass production at its new factory in Sivas, Turkey, which is being built with an investment of 15 million euros and a construction cost of 37.5 million Turkish Liras. The factory will also commence CNC production from the second quarter of 2024.
Muehlbauer Automation, part of Muehlbauer Group, plans to build a technology park in Stara Pazova, Serbia, for assembling machines for battery and fuel cell production. The investment is valued at EUR 29.5 million.
Moldbrasil is constructing a new 60,000 sqm tooling facility in Sorocaba, São Paulo, with an investment of R$500-600 million (approx. $100-120 million) and expected to create 1,500 jobs. The plant will focus on Industry 4.0 and is scheduled for full delivery in the first half of 2026.
Mifa has been awarded a contract by NedTrain (NS) to supply KITS and complete aluminium profiles for the modernization of VIRM 2/3 double-decker trains. Mifa delivered 8,350 KITS for floor profiles.
Raute Corporation has signed a EUR 93-million contract with Metsä Wood to deliver technology for a new Kerto LVL mill in Äänekoski, Finland. The mill will have an annual capacity of 160,000 cubic meters.
Taishin Machinery announced it will open a new Die Re-header factory, equipped with advanced equipment and technology, to produce die re-headers. The factory will operate under ISO9001 and ISO14001 standards.
Atlas Copco (India) is setting up a manufacturing facility and office building in Talegaon, Maharashtra, to make air and gas compressor systems for the local market. Completion is targeted for Q2 2024, with an estimated value of Rs 140 crore.
XCMG announced an expansion of its factory in Pouso Alegre, Minas Gerais, Brazil, with an investment of R$270 million. The expansion is expected to create 150 permanent direct jobs and 315 temporary jobs. A protocol of intentions was signed with the state government.
Henkel Adhesive Technologies announced a strategic partnership with Nanoprecise Sci Corp to provide predictive maintenance solutions for rotating equipment. The partnership was announced on November 9, 2023.
I-care Group has established a service partnership with Anheuser-Busch InBev to provide predictive maintenance services to AB InBev production sites in over 50 countries. The contract is the largest in I-care's history.
Shuoluode (Shenzhen Shuoluode Machinery) won a bid to supply packaging equipment for Henkel's granulator packaging expansion project.
Casappa SpA completed the acquisition of 100% of the share capital of Benvenuti Srl, a precision machinery company headquartered in Sant'Ippolito, Pesaro Urbino, Italy. The press release is dated 9 November 2023.
Danfoss Turbocor is opening an expanded facility in Haiyan, China, next year. The expansion supports its continued growth of compressor manufacturing.
Danfoss Turbocor, marking 10 years as a wholly owned Danfoss company, said a new production facility in Nordborg, Denmark is scheduled for completion in 2026. The Nordborg site currently handles sales and service for European customers.
Manitou Group has agreed to acquire 75% of COME S.R.L, a producer of mechanically welded parts, and 75% of Metal Work S.R.L, a laser cutting specialist. The acquisitions will be finalized in early 2024.
Idra has won a contract with Volvo Cars to supply two 9,000 ton Giga Press machines for a new site in Kosice, Slovakia. The contract value was not disclosed.
Guomao Co., Ltd. announced it will acquire a 65% stake in Modori Intelligent Transmission (Jiangsu) Co., Ltd. for approximately RMB 204.75 million, to enter the precision planetary gearbox market.
Everhard Industries commissioned a new 5500T injection moulding machine at its Geebung factory in Brisbane, Australia, to increase production capacity for recycled plastic septic tanks.
Doosan Bobcat will invest approximately KRW 400 billion to build a new 65,000 m² plant in Monterrey, Nuevo León, Mexico, to produce loaders for the North American market. Construction is expected to be completed by early 2026, increasing loader production capacity by about 20%.
Cargotec will acquire Carlyle Group's 49% stake in China Crane Investment Holdings and invest around EUR 30 million for a 49% stake in a joint venture with Jiangsu Rainbow Heavy Industries (RHI).
Deutsche Beteiligungs AG (DBAG) acquired a 19% stake in industrial machinery manufacturer Romaco Group for €8m from its balance sheet, backing a management buyout. The vendor was Robbins & Myers Inc. The deal values Romaco at €61m.
Copeland will receive $11,488,975 in federal funding to increase production of heat pump compressors and hydronic systems at four manufacturing locations in Ohio, Missouri and Wisconsin, plus suppliers in several states.
China's Fusheng Industrial, backed by Oaktree Capital, acquired German industrial air compressor maker ALMiG Kompressoren, with ALMiG management reinvesting in the merged group. The deal expands Fusheng's presence in Europe.
SECO/WARWICK USA has been awarded a contract to supply Skana Aluminum with a 30,000 CFH Exogas exothermic atmosphere generator for its Manitowoc, Wisconsin plant. Skana also ordered a smaller atmospheric gas drier.
Bobcat Company announced plans to build a $300 million, 700,000 square foot manufacturing plant in Monterrey, Mexico, expected to open in early 2026. The facility will increase North American compact loader production by 20%.
The Hellenic Competition Commission cleared the acquisition of sole control of AKTOR SA by INTRAKAT SA on November 7, 2023. INTRAKAT is active in construction, IT, waste management, real estate development, and renewable energy; AKTOR is active in infrastructure, building, industrial construction, aggregates production, and facility management.
Titan Production Equipment has acquired a long-term lease for a 145,000 square-foot facility in Columbus, Texas, expanding its manufacturing footprint by 65 percent. The company engineers equipment for the oil and gas industry.
Morimatsu Dialog, a joint venture between Dialog Group and Morimatsu International, will spend RM250 million to expand its engineering and fabrication facilities in Pengerang, Johor, targeting RM300 million annual revenue and 500 new jobs.
Ebara Pumps Europe agreed to acquire Spandau Pumpen, SKF Lubrication Systems Germany's maker of screw-type and seal-less coolant pumps for machine tools, with production to move to Italy; the deal was expected to close at the end of September 2023.
Zhejiang Dingli Machinery increased its ownership stake in MEC Aerial Work Platforms, a manufacturer of mobile elevating work platforms. MEC plans to expand its U.S. facilities with a new Research Center in California and an East Coast Parts Center.
Layher officially commenced operations at its new highly automated and energy-efficient production plant, 'Plant 3', in Güglingen-Eibensbach, Germany. The plant spans roughly 27 acres and produces Allround Scaffolding components.
Craftsman Automation announced a ₹209 crore investment to set up a new manufacturing complex on a 48-acre site at Kothavadi near Coimbatore, with ₹150-160 crore to be spent in FY24.
IGS GeboJagema, a Dutch high-precision moldmaker, acquired U.S.-based injection mold service provider TerBeek Machine & Tool as part of its North American expansion.
AVK Tooling A/S is building a 900-square-meter extension to its facility in Sæby, Denmark, due to new orders and a recent machine investment. The new hall is expected to be completed by year-end 2023 and operational in early 2024.
AML3D received an A$2.5 million order from Cogitic Corporation for an ARCEMY 6700 metal 3D printing system, to be used for supplying parts to the US Navy submarine industrial base.
ISGEC received an order for one 630-ton and four 250-ton mechanical presses from a customer in Hungary.
SN Maschinenbau and SÜDPACK have entered into a developmental partnership to create an overall concept for in-house production of recyclable stand-up pouches with spouts for pasty and liquid products. The concept uses PP-based Pure-Line films and the SPM 50 horizontal pouch making machine, and will be presented at Prod&Pack in Lyon in November 2023.
Sandvik completed the acquisition of esco GmbH, a German supplier of software for power skiving technology in gear machining.