Alabama Gov. Kay Ivey announced that 2A S.p.A., a prominent Italian die-casting company, planned to invest $15 million to expand its foundry in Auburn, where it serves as a Tier 1 supplier to major producers of automobiles and heavy trucks.
The expansion project at 2A USA in Auburn will create more than 50 jobs and double the Auburn facility’s current die-casting area.“2A has earned a reputation…
Revenue generated by packaging machinery manufacturers sees further 9.4% growth to 7.85 billion euros. The strong growth both in Italy and in international markets confirms the Italian industry’s world leadership position.The Italian packaging machinery industry has confirmed its position as one of the most dynamic Italian manufacturing sectors.
Ranked first in terms of share of total capital…
ICA, a leading, Italian-based supplier of coating solutions for the wood and glass industry, continues its global expansion by establishing a North American subsidiary in Ontario through the take over of its local distributor. ICA North America oversees the sales and distribution network in Canada, USA and Mexico until the US office is operative.
For ICA, this is the 6th FDI abroad office in the…
The Automate 2019 Show and Conference, North America’s largest showcase devoted to automation industry trends, leading-edge technology and business innovation, took place April 8-11, 2019 at McCormick Place in Chicago. The biennial event is the biggest yet with more than 500 exhibitors who shared the latest technologies with 20,000+ attendees hoping to implement automation to better compete in…
Zyklus is a U.S. manufacturer of heat exchangers with a focus on commercial refrigeration, refrigerated transport and air conditioning. LU-VE produces heat exchangers, and ventilated products for the refrigeration, air conditioning and industrial process cooling markets and it has production facilities in Europe, Russia, China and India.
The acquisition will allow LU-VE to make use of Zyklus' U.S…
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,…
According to data collected by the research department of UCIMA, the packaging machinery industry, one of the most dynamic Italian manufacturing sectors, recorded a solid 8.9% growth in 2017, with a turnover exceeding €7 billion (€7.19 billion). Export sales totaled €5.7 billion in 2017 (79.1% of the total production), 7.5% up from 2016.
The sector continues to stand out for its strong…
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…
With a population of 120 million, political and financial stability, 12 trade agreements with 44 countries, and the North American Free Trade Agreement in renegotiation – Mexico’s economy is slated for more strong growth in 2019.
Mexico is a big consumer of packaging materials and technology, particularly in the food and beverage industry, followed by the pharmaceutical and personal care sectors…
Two entities coexisting under the same management, based on completely different technologies and applications, OCMI and OTG are the two main components of OCMI Group, Italian business headquartered in Milan, founded in 1921 and run by the third generation of the Gusti family.
OTG specializes in manufacturing customized gearboxes, special speed increasers and reducers specifically for…