Grodno Glassworks JSC launched a new plant for glass container production in the Auls district of Grodno, Belarus, with an investment of over $55 million. The glass melting furnace was fired up in January 2023, and commissioning began.
Graham Corporation was awarded a $13.5 million strategic investment from a customer to expand and enhance production capabilities in Batavia, New York for complex components.
USEON Technology Limited held a groundbreaking ceremony for a new factory in Jurong Economic Development Zone, Zhenjiang, Jiangsu Province. The facility, with a total investment of about 200 million yuan and covering over 46,000 square meters, is planned to start operations next year.
PTG Holroyd secured orders for four EX Series CNC helical rotor milling machines from two German screw compressor manufacturers, with a combined value of about £5 million. The machines will be shipped during 2024.
InCompass Manufactured Growth Solutions, a platform company of TJM Capital Partners, has acquired Mollart Engineering Limited, the machine tools business of Mollart. The manufacturing facility will remain in the UK in the short term.
FASSI Group, through its French holding company CTELM, has acquired FOREZ-BENNES Group, a manufacturer of tipper systems. The acquisition complements FASSI's existing French operations in loader cranes and hooklift systems.
Erema Group and Lindner Holding jointly founded BLUEONE Solutions, a holding company to advance plastic recycling processes through joint research and development, combining Erema's extrusion expertise with Lindner's washing technology.
Shanghai TopNC Technology Co., Ltd. held a groundbreaking ceremony for its new factory in Jiaxing's Nanhu Science and Technology Industrial Park. The first phase covers 35 mu (approx. 2.33 hectares) with a planned investment of 300 million yuan, building 35,800 square meters of facilities to produce 1,000 high-end turning-milling composite machining centers and 2,000 precision spindle units annually.
Sypris Technologies, a subsidiary of Sypris Solutions, received an award to supply specialty high-pressure closures for Venture Global's CP2 LNG export terminal and CP Express pipeline in Cameron Parish, Louisiana. Shipments are expected to be completed by year-end 2023; terms were not disclosed.
CNC PROS has acquired AME Inc., forming CNC PROS COLORADO, LLC, expanding its machine tool and automation business into Colorado and increasing its team from 10 to 16.
SIS GmbH and ENDEGS GmbH have merged to form the ETS Group (Environmental Technology Services), a European market and technology leader in environmental technology for reducing emissions of volatile hydrocarbons. The group will be led by Dr. Uwe Nickel, Normen Gerlach, and David Wendel.
Austrian machinery supplier Starlinger will deliver two recoSTAR PET 165 iV+ bottle-to-bottle recycling lines to Srichakra Polyplast, with delivery expected at the start of 2024. The rPET will supply Coca-Cola India's Kinley water bottles.
Anton Paar, a global leader in metrology, announced the acquisition of German extrusion company Brabender Group, which will be integrated as Anton Paar TorqueTec GmbH. The transaction is effective retroactively on January 1, 2023.
InCompass, a platform company of TJM Capital Partners, has acquired the machinery division of Mollart Engineering, a manufacturer of deep hole drilling machine tools. Financial terms were not disclosed.
I.M.A. S.p.A. has acquired a 70% stake in MESPIC S.r.l., an Italian company specializing in end-of-line packaging plants. The transaction was finalized on August 1, 2023, and Fabio Garavini will continue as CEO.
Bandit Industries is expanding in Union Township, Michigan, with a $1.5 million capital investment expected to create 80 jobs in advanced manufacturing. The company will renovate an existing facility to add production lines and new machinery.
Zhejiang Meilun Elevator plans to invest 500 million yuan (approx. $70 million) to build a new production base in Nanning, Guangxi, with an annual capacity of 25,000 units of elevators, escalators and parts. The project will be built in two phases, with the first phase investing 300 million yuan.
Compressed air specialist Boge Kompressoren acquired Inmatec Gasetechnologie, a manufacturer of nitrogen and oxygen generators, effective 1 August 2023. Inmatec keeps its Herrsching site as an independent business unit under its own name.
ReNEW Partners acquired Absolute Machine & Tooling, a precision machine shop in Leander, Texas, that manufactures semiconductor components. The transaction closed on July 31, 2023.
BDT & MSD Partners has agreed to make a minority investment in IMA Group, a packaging machinery manufacturer, acquiring a stake from BC Partners. The Vacchi family remains majority owner.
Ferguson Marine (Port Glasgow) Ltd awarded a £6 million contract to Pemamek Oy Ltd for an automated/semi-automated panel line at its shipyard in Port Glasgow, United Kingdom. The contract was awarded on 28 July 2023.
Myungsung TNS signed a KRW 6.5 billion contract with an overseas secondary battery parts and materials company to manufacture HP 03/04 Line Swelling extraction tank and drying tank, from July 27, 2023 to December 31, 2024.
Lefort, a metal recycling equipment manufacturer, has acquired 100% of the capital of Copex S.A., a French manufacturer of hydraulic shears and balers for scrap metal and solid waste treatment.
Toray Advanced Composites announced a planned expansion of its Morgan Hill, California plant, adding 74,000 square feet to increase production capacity by 50% for advanced composites serving aerospace, defense, and industrial markets.
Tormach, a supplier of CNC machines, has acquired Guadalajara, Mexico-based Insofos, a manufacturing and engineering services firm. Terms were not disclosed. Insofos has 35 employees and will keep its name.
Romanian tissue producer Pehart Group signed a contract with A.Celli to rebuild a tissue machine at its Dej-based facility, including a Yankee dryer and shoe press, to boost production capacity and energy efficiency.
NORD DRIVESYSTEMS is expanding its factory in Wiechlice, Poland, almost tripling the area from 11,000 m² to 32,000 m². Construction started in April 2023, opening expected in Q2 2024.
ROMCO Equipment and its parent company SMT acquired 100% of Sierra Machinery, the exclusive Volvo CE dealer in southwestern Texas and southern New Mexico. The acquisition expands ROMCO's territory westward.
GE Appliances invested $118 million to revamp its Roper Corp. cooking products plant in Lafayette, Georgia, adding automation, robots, and 600 new jobs.
Lontra invested £17 million in constructing a state-of-the-art factory in Doncaster, UK, to increase production of its LP2 Blade Blower. An Okuma Multus B550 turn-milling centre was installed for finish machining of the blower rotor.
ROMCO acquired Sierra Machinery, a full-service distributor of construction, mining, and industrial equipment based in El Paso, Texas. The terms of the transaction were not disclosed.
The Indian Government Mint Kolkata awarded a contract worth 10,111,000.01 INR to Newton Weighing System Private Limited for supply, installation, testing and commissioning of one secondary fully automatic big bag packing machine for an existing Bosch packaging line.
Prinoth inaugurated two new production halls at its Herdwangen site, more than doubling production capacity for vegetation management vehicles and attachments. EUR 10 million has been invested since 2021, and employee count increased by 30%.
Allied Machinery plans to build a new production base in Monterrey, Mexico, with a first-phase investment of $56.6 million and annual capacity of 380,000 precision parts. Construction will take two years.
Schwäbische Werkzeugmaschinen (SW) has broken ground on a new production hall at its headquarters in Schramberg-Waldmössingen, Germany, investing around €11 million. The 4,300-square-meter hall will expand production capacities, and the technology center will be expanded by 1,500 square meters from mid-2024.
Consilium Private Equity fund has acquired a majority stake in Italian aerial lift manufacturer Cela. The senior management team retains a substantial stake, and CEO Paolo Troni will continue to run the business.
Rhodes Interform secured a contract with Cascade (UK) Limited to produce a bespoke twin press facility for forging forklift truck forks. The facility will be installed at Cascade's factory in Openshaw, Manchester.
PTG Holroyd secured orders for four EX Series CNC helical rotor milling machines from two German screw compressor manufacturers, with a combined value of around £5 million. The machines will be shipped during 2024.
Groupe SEEB has acquired COLLET & AMBLARD, creating a new entity SEEB COLLET AMBLARD specializing in complex high-precision machining, with revenue of EUR 3.5 million and 30 employees.
Shandong Weida Machinery will invest $15 million to build a plant in Matamoros, Coahuila, Mexico, to manufacture drill chucks for Milwaukee Tool. The facility will create 100 jobs in its first phase.
Fox Innovation & Technologies Inc. acquired Texas-based Revak Keene Turbomachinery and Industrial Storage Services, gaining a manufacturing facility and aftermarket parts and repair business for compressors, backed by Bluewater.
DYPNF signed a contract worth KRW 19.7 billion with Hyundai Engineering to supply silo equipment for Aramco's Shaheen petrochemical project in Ulsan, South Korea. It is the company's second award on the project.
ANDRITZ received an order from Infinya Containerboard for a complete OCC line with reject treatment system at its recycled paper mill in Hadera, Israel. The line will have a capacity of 1,080 bdmt per day, with start-up planned for Q3 2024.
Vance Street Capital's Micronics Engineered Filtration Group acquired AFT, a filter media division of FLSmidth. AFT was started by FLSmidth in 1999 and was known previously as Advanced Filtration Technologies.
Decisive Dividend Corporation acquired Innovative Heating Technologies Inc. (IHT), a manufacturer of heating mats and lighting solutions for hog production, for $15.5 million. The acquisition was funded through an expanded credit facility.
GE Appliances and its subsidiary Roper Corporation celebrated a $118 million investment at the LaFayette, Georgia plant, adding new assembly lines, presses, and robotics. The investment will enable production of new freestanding ranges available in early 2024 and adds 600 jobs.
Neo Performance Materials plans to construct a magnet factory and R&D center in Narva, Estonia, with an investment of €81.25 million plus €18.75 million from Estonia's Just Transition Fund. Phase 1 will produce 2,000 tons/year of sintered rare earth permanent magnets, with manufacturing operations expected to start in 2025.
The vacuum equipment manufacturer Schmalz Group acquired UK-based Palamatic, a stainless steel vacuum lifter and crane specialist, and Sweden-based Binar Handling, an electric manipulator and rope balancer specialist.
HD Hyundai Construction Equipment signed an investment agreement with Ulsan City to invest 194.1 billion won (approx. 200 billion won) to upgrade its Ulsan plant, increasing production capacity from 9,000 to 15,000 units per year and creating over 600 jobs, with completion by June 2025.
Wabtec Corporation will invest $2.7 million to expand its Graham-White facility in Salem, Virginia, relocating pneumatic braking system manufacturing lines there. The move is expected to create 38 new jobs.