Anton Paar acquires Brabender to offer process engineering solutions for food processing

Partnerships
Power Minerals and Summit Nanotech partner for the development of Incahuasi Salar
Summit Nanotech and Power Minerals have teamed up to hasten the extraction of lithium from Argentina’s Incahuasi salar using Summit’s environmentally friendly Direct Lithium Extraction technology. To generate high-quality lithium with the least amount of negative environmental impact, the partnership. Read More>>
ABB expands partnership with Northvolt
By providing process electrification for Revolt Ett, a battery recycling facility that processes 125,000 tons of used batteries yearly, ABB expands its partnership with Northvolt. The collaboration fits nicely with Northvolt’s commitment to sustainability and ABB’s experience enhancing productivity and reducing energy use. Read More>>

Deals
Irish Rail awards € 28 Mn (US$ 30.4 Mn) train charging contract to Alstom
By the end of 2024, fast-charging infrastructure will be finished, enabling the introduction of new battery-powered DART+ trains in 2025. The deal for the charging stations comes after an initial procurement of 95 DART+ carriages, including 65 battery-electric trains and 30 electric carriages, that will start running in 2025. Read More>>
Alstom enters € 285 Mn (US$ 309.7 Mn) contract with Connecticut
With ADA compliance, Wi-Fi, and bike storage, Alstom won the contract with the Connecticut Department of Transportation for 60 next-generation rail cars. Delivery by 2026 will improve regional train efficiency and the commuter experience, helping to meet emission reduction targets. Read More>>

Centre Setup and Expansion
Officials break ground on US$ 190 Mn Kubota expansion in Hall County
Once finished, it will provide 500 more manufacturing employment to the area. With rooftop solar panels, Kubota’s factory will also support renewable energy. Additionally, the factory will boost front-end loader production capacity to approximately 700 per day. Read More>>
Havells mulls refrigerator manufacturing unit in Rajasthan
A manufacturing facility for refrigerators is being planned by Havells India in Ghiloth, Rajasthan, to produce 10 lakh units annually. The plant is anticipated to start up in Q1 2025–2026 with an investment of IN₹ 350 Cr (US$ 3.8 Bn), fueled by internal accruals for financing. Read More>>

Mergers and Acquisitions
RBC Bearings Incorporated announces acquisition of Specline, Inc.
The acquisition of Specline, Inc. by RBC Bearings expands both the company’s customer base and production capacity while improving RBC’s aerospace capabilities with Specline’s distinctive products and manufacturing techniques. Read More>>
Anton Paar acquires German process engineering company
With the acquisition of Anton Paar TorqueTec, Anton Paar has expanded its capabilities in process development and raw material measurement. By extending Brabender’s facilities and cutting-edge goods in Duisburg and Hackensack for a range of uses, including food, plastics, and sustainability, the move enhances Anton Paar’s business plan. Read More>>

Executive Movement
Chargepoint Holdings (CHPT) appoints Sherice Torres as Chief Marketing Officer
Sherice Torres was hired by ChargePoint as its Chief Marketing Officer to oversee its global marketing initiatives amid the EV industry’s explosive growth. With degrees from Harvard and Stanford, Torres has experience from Circle, Facebook’s Novi, Google, and Nickelodeon. Read More>>

Layoff
TE Connectivity closing Andover plant, causing more than 100 layoffs
With transfers to Virginia and Mexico, TE Connectivity will close its facility in Andover, eliminating more than 100 jobs. The decision was made as a result of its sensors business’ growth and excess manufacturing capacity. Affected employees will be provided with outplacement services, benefits continuation, and severance packages. Read More>>

Product Launch
Graco launches InvisiPac HM10
InvisiPac® HM10, a hot melt adhesive dispensing system with a 10 lb/hr rate from Graco, improves case and carton packaging profitability, safety, and dependability. For the best adhesive utilization, the Tank-FreeTM technology provides rapid startup, workplace safety, and perfect temperature control. Read More>>
LG Electronics launches the latest tankless water purifier
The cutting-edge filtration, simple design, and one-touch control of the LG PuriCare Self-Service Tankless Water Purifier from the Objet Collection are now available from LG Electronics Malaysia. It stresses environmental sustainability by reducing plastic waste and contains a 4-stage All Puri Filter System. Read More>>

• The Ricoh Innovation Center emphasizes the value of digital and collaborative workspaces that incorporate personalized solutions for clients’ particular demands and difficulties while assisting in the provision of remote IT support services and training possibilities. 
• In collaboration with a top global technology company, the business offers comprehensive hardware, software, and service products that help businesses optimize their digital workflows and take advantage of emerging technologies to gain a competitive edge.

Key Funding Alert

Wistron injects an additional US$ 24.5 Mn into Vietnam
Following an earlier investment of around US$ 300 million in Vietnamese operations, Wistron’s investment is a part of its aim to strengthen the robustness of its supply chain and meet customer needs. To improve the robustness of its supply chain and satisfy customer demand, Wistron is increasing the scale of its manufacturing operations in Vietnam. Read more>>

Startup Spotlight

Company – Ethereal Machines
Total Funding – USD 1 Mn
About: The machines made by Ethereal Machines are designed to unleash the designer’s creative freedom while energizing, nurturing, and empowering an engineer. The combination of additive and subtractive manufacturing processes is introduced by Ethereal Machines. Read more>>

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