Terex, Russian Machines form equipment-manufacturing JV
Terex Corp. and Russian Machines have completed the formation of a joint venture company for the manufacture of construction and road-building equipment in Russia. Under the agreement, the JV will manufacture, market, and sell certain Terex products and all Russian Machines construction and road-building products in Russia, as well as distribute certain products manufactured by Terex and exported into Russia. The companies first announced their intention to form a JV in the second quarter of 2011. “The Russian and CIS remain long-term attractive markets and the demand for fundamental infrastructure upgrade across the region is clear. This joint venture allows us to be closer to the customer and provide localized products to an increasingly important customer base,” said Ronald M. DeFeo, Chairman and Chief Executive Officer of Terex Corp., a Westport, CT-based global manufacturer in the segments Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions, and Materials Processing. Russian Machines is a major Russian diversified corporation, a part of Basic Element Co., comprising industrial and engineering assets in automotive, rail, aircraft, military vehicles, and road-construction machinery.
Mahindra announces two joint ventures in India
Mahindra & Mahindra Ltd. announced two joint ventures at the DefExpo 2012 held in Delhi. The company's memorandum of understanding with Rafael Advanced Defence Systems Ltd., a manufacturer of high-tech defense systems for air, land, sea, and space applications, will lead to the formation of a joint venture company in India. The JV will develop and manufacture products such as anti-torpedo defense systems, electronic warfare systems, advanced armoring solutions, and remotely operated weapon stations for Futuristic Infantry Combat Vehicles (FICVs). Mahindra & Mahindra Ltd. and Telephonics Corp., a designer, developer, and manufacturer of high-technology integrated information, communication, and sensor system solutions to military and commercial markets worldwide, also announced the impending formation of a JV company that will provide the Indian Ministry of Defence and the Indian civil sector with radar and surveillance systems, Identification Friend or Foe (IFF) devices, and communication systems. In addition, the JV intends to provide systems for air-traffic management services, homeland security, and other emerging surveillance requirements.
Hyundai Heavy and Magna E-Car to develop Li-ion battery
Hyundai Heavy Industries (HHI) and Magna E-Car Systems, a global supplier of components and systems for hybrid (HEVs) and electric vehicles (EVs), agreed on April 2 to form a joint venture named MAHY E-Cell as a platform to co-develop and grow a battery cell and battery pack business. Under the agreement, HHI and Magna E-Car will jointly conduct engineering, design, development, and testing activities with the goal of preliminary validation of battery cell and battery pack technologies for EV and HEV applications. HHI expects the joint venture, which will be owned 60% by Magna E-Car and 40% by HHI, to serve as a stepping stone to enter the Energy Storage System (ESS) business and plans to link its solar and wind power business with ESS as a new growth opportunity. HHI is an integrated heavy industries company with business divisions specializing in shipbuilding, marine engines and machinery, and construction equipment, among other sectors.
Volvo, Deutz explore joint next-gen engine development
AB Volvo and Deutz AG have signed a nonbinding memorandum of understanding (MOU) to explore the potential to extend their long-term cooperation with joint development of next-generation medium-duty engines for off-highway applications. The MOU also aims at analyzing the conditions for establishing a Deutz majority-owned joint-venture company in China for the production of medium-duty off-highway engines. The production company would support the Volvo Group’s anticipated growth in the off-highway sector in Asia. Both companies must agree on the final terms and conditions in a binding contract before these plans are implemented.
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Shown is the Deutz TCD 4.1/6.1 engine for agricultural machinery.
MacLean-Fogg forms Engineered Plastics Company
MacLean-Fogg Component Solutions has announced the formation of the new Engineered Plastics Company (EPC)—a merger of its Polymer Technologies business in Whitewater, WI, with EPC of Menomonee Falls, WI. EPC, which has been in operation since 1981, is a plastic injection molding supplier. The new Engineered Plastics Co. will be aligned under the Engineered Components Group of MacLean-Fogg Component Solutions. MacLean-Fogg supplies engineered components, fastener components, and linkage and suspension components to a range of industries including automotive, heavy truck, aerospace, appliance, wind, and mining. Engineered components include cold formed and machined components, horizontal hot-formed components, and engineered functional plastics. Fastener components include Securex and Decorex brand wheel fasteners, high-temperature Lockthread bolts, ESNA locknuts, and a variety of internally threaded fasteners such as Whiz-Lock, Clinch-Lok, and Step-Lok nuts. Linkage and suspension components include aluminum control arms, ball studs, housings, plastics, and PogoStik linkages.
API Technologies acquires U.K.-based C-MAC Aerospace
API Technologies Corp., a provider of electronic systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, has acquired through its U.K.-based subsidiary API Technologies (U.K.) Ltd. C-MAC Aerospace Ltd. for £20.95 million. Based in Great Yarmouth and Milton Keynes, U.K., C-MAC is a provider of electronic systems, modules, and components to the defense, aerospace, space, industrial, and energy sectors. Founded in 1943 with approximately 300 employees worldwide, C-MAC's featured certifications include AS9100 and Class K MIL-PRF-38534, the latter a certification for space applications.
Flextronics to acquire Stellar Microelectronics
Flextronics entered into a definitive agreement to acquire Stellar Microelectronics, a full-service Electronics Manufacturing Services (EMS) provider based in Valencia, CA, specializing in advanced custom packaging solutions utilizing the latest microelectronics technologies for the aerospace, defense, and medical manufacturing markets. Upon completion of the acquisition, Flextronics will increase its service offering to include microelectronic design and manufacturing services to support customers with unique U.S. manufacturing needs, including those requiring certifications such as AS9100C, ISO 9001:2008, and ISO13485:2003. Stellar Microelectronics' Valencia operation is also FDA registered and ITAR compliant. All certifications, registrations and compliances will be maintained to continue to serve all aerospace, defense, and medical customer requirements.
Horiba supplies test cells for new Cat facility in China
Horiba Automotive Test Systems (ATS) has been contracted by Caterpillar Inc. to provide three heavy-duty test cells and one generator test system for the company’s new production base in Tianjin, China, by the start of production in January 2013. The multifunctional test cells will be used to analyze the high-capacity 3500 Series engines and generator packages of Caterpillar. Automatic guided vehicles will transport test specimens from rigging stations to test cells. Once in place, test specimens will undergo complete functional testing using advanced Horiba equipment. Test cell capacity of up to 3.6 MW will be used in the engine test cells, and the test systems will feature dual-language operator controls in both Mandarin and English. Horiba ATS established a 9400-m2 (101,000-ft2) manufacturing plant in Shanghai/Anting, China, in 2010; this contract accelerates its expansion into the Asian region.
Deere to expand production of large tractors
Deere & Co. is investing $70 million to expand manufacturing capacity in its Waterloo, IA, operations, where large farm tractors are built for use around the world. The investment will increase capacity by more than 10% by the middle of 2013, helping Deere to better meet the continuing strong demand it sees for large tractors worldwide. Once the improvements are completed, enhancements to Waterloo facilities since 2002 will have increased manufacturing capacity for large tractors by more than 50%. Tractors built in Waterloo are shipped to more than 130 countries each year. Deere does not expect the investment to add manufacturing jobs there.
Dana launches Spicer TZL production in China
Dana Holding Corp. recently began production of the Spicer TZL Series, a new line of powershift transmissions for premium front-end loaders manufactured in China. The first Spicer TZL16 transmission rolled off the assembly line in late February at the Dana assembly facility in Wuxi, Jiangsu, China. The Spicer TZL16 transmission is engineered for 17-t (19-ton) ZL50 front-end loaders, which account for about two-thirds of the front-end loaders manufactured in China, according to Dana. The supplier has begun development on the Spicer TZL18 transmission for 21-t (23-ton) front-end loaders and the Spicer TMG14 transmission targeted for 110- to 160-kW (147- to 214-hp) motor graders. Production of these products is expected to begin this spring in Wuxi.
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The first Spicer TZL16 transmission has rolled off the assembly line at the Dana assembly facility in Wuxi, Jiangsu, China.
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