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,…
TransCanada Corporation has conditionally awarded Pacific Atlantic Pipeline Construction Ltd, a Calgary-based Canadian company that is part of Italian engineering and construction firm Bonatti Group, a construction contract for a portion of the Coastal Gaslink Project, pending a positive investment decision by the partners of LNG Canada for the construction of a natural gas liquefaction facility…
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…
Varese-based manufacturer of rigid, semi-rigid and plasticized PVC foil Alfatherm is landing in the United States with its new subsidiary Alfatherm North America, with which it aims to consolidate sales in the North American market, which has been growing steadily for the past three years, especially in 3DL PVC foil, 2D flat laminates and outdoor films.
Based in St. Louis, in the state of…
On September 23, HRSflow officially opened its new manufacturing facility in Byron Center, Grand Rapids, Michigan. Nearly 200 guests, mostly companies in the plastics supply chain and suppliers to North American automakers, attended the ceremony. There were presentations, demonstrations and tours of the manufacturing plant. Speakers-except Maurizio Bazzo, president and CEO of INglass S.p.A-…
Eurostep, the company specializing in outsourced e-commerce project management based in Montebelluna, lands in the United States with the opening of a new 20,000-square-foot warehouse. The three partners, Simone Bittoto, Fabio Bordignon and Giovanni Marconato, each with specific commercial, operational and financial, "America is the first reference market for Italian SMEs exporting abroad.…
KSR International, a Canadian company specializing in vehicle sensors, control modules and pedals, has launched a CAD 6.7 million expansion program at its Ridgetown, Ontario, plant. The investment is expected to create 40 new jobs and enable the company to produce a new range of products for the North American market. KSR has eight plants in North America, Europe and Asia and offices located…
Inter Pipeline announced a CAD 3.5 billion investment to build a petrochemical plant in Strathcona County, Alberta.
The new Heartland Petrochemical Complex will convert propane gas (22 thousand barrels per day), extracted from fields in the Canadian province (Redwater Olefinic Fractionator), into plastic polymers (PP and PHD), (more than 500 thousand tons per year), destined for the North…
Enel, through its U.S.-based subsidiary Enel Green Power North America, has been awarded two 20-year Renewable Energy Support Agreements for the generation and supply of 146 MW of new wind power capacity in Alberta, following a competitive bidding process by the province's electricity system operator, Alberta Electric System Operator (AESO).
The two contracts involve the construction of two new…
Italian photovoltaics supplier Fimer has sealed €9 million in financing from Sace and Deutsche Bank for the supply of conversion centres for two solar farms in Mexico.
Deutsche will issue two performance bonds worth US$4.3 million, which will be backed by Sace. The German bank will also issue a €5 million loan that will be used to finalise supply contracts.
Head of Milan branch at Sace,…