Canadian headquartered automotive holding Magna International Inc has signed a deal to buy Italy’s OLSA S.p.A. The transaction is valued at $354 million (230 million euros).
OLSA, based in Turin, Italy, employs about 2,500 people and has manufacturing operations in Italy, Poland, Brazil, China, and Mexico.
Its customers include the Volkswagen Group, the BMW Group, Daimler, and FCA.
The deal,…
The Manufacturers’ Outlook is a yearly study conducted by Plant magazine and key business partners. Over 500 respondents – manufacturing industry executives from across Canada – participate in the survey by sharing their views on what has transpired over the past year and on what they expect in the near future. The replies are then analyzed and summarized in a report, which is reviewed and…
The Elica Group has been a household name in the kitchen hoods market since the 1970s, and it is now the world leader in the industry in terms of units sold. More recently, the Italian-based group has acquired a leading position internationally in the design, production, and marketing of electric motors for hoods and heating boilers.
Vast experience in the hoods and boilers field, great attention…
The week-long visits of the Italian Technology Awards winners recently concluded. An international program sponsored by ITA (Italian Trade Agency), it is part of a “Machines Italia” special project aimed at expanding the educational horizons of North American students through cross-contamination of skill-sets and knowledge transfer with a select group of Italian machinery manufacturers. For the…
Large-scale PV projects dominate the Mexican landscape with two auctions so far yielding very competitive bids for PV power plants in Mexico. Even though these auctions were open to a variety of power generation technologies, solar PV surprised observers by capturing about seventy percent of the auctioned capacity. Many of these plants in the first and second auction rounds will be built next…
2016 saw the construction and start-up of the AMUT 6,000 Kg/Hr out-put PET recycling plant for UNIFI in Reedsville, North Carolina. This year, AMUT is constructing the new mega PET Recycling Plant for CARBONLITE in Dallas, Texas. The high quality standards required by these clients is achieved with the integration of the latest proprietary technologies such as the DE-LEBALLER, which helps…
The Manufacturers’ Outlook is a yearly study conducted by Plant magazine and key business partners. Over 500 respondents – manufacturing industry executives from across Canada - participate in the survey by sharing their views on what has transpired over the past year and on what they expect in the near future. The replies are then analyzed and summarized in a report, which is…
Fifth among manufacturing countries, after the revision of the time-series data carried out by the US association, Italy confirmed its third place among exporters and gained one position in the consumption ranking, where it came in fifth, as a testimony to the liveliness of its domestic demand. The positive trend reported since 2014 will continue throughout 2017 - the year in…
Packaging machinery maker Amut Dolci Bielloni, which is headquartered in Novara, Italy, invites PLAST-EX visitors to attend an open house at Olympic Plastics in Toronto, where a multi-layer blown film line will be on display. The company will be exhibiting in booth #2133 at PLAST-EX.
The Amut Group operates eight plants in Italy; the Toronto area is one of its strongest regions…
North Carolina based Advanced Ceramic Coatings (ACC), a joint venture between Ohio-based GE Aviation and Turbocoating Corp. of Italy, announced that it will invest $15 million to build a new 62,500-square-foot facility at Hillside Enterprise Park in Duncan and create 50 jobs.
Local officials identified ACC as the company seeking incentives under the economic development project codenamed “Project…