After half a century of history, OCMIS, the Modena-based company that produces irrigation systems enters an international fund with an endowment of 6.4 billion euros. Global investment firm Carlyle today announced an agreement to acquire a majority stake in Ocmis Group, a leading manufacturer of advanced irrigation systems for the agricultural sector, with historical shareholders, including the…
The Italian company Brembo - present in Mexico with production plants in Puebla, Apodaca and Escobedo - closed the first half of the year with a net profit of 148.9 million euros, 17.3% higher compared to the same period last year. Revenues amounted to €1.75 billion, an increase of 28.3% compared to the first half of 2021.
Earnings before interest, taxes, depreciation and amortization (…
With an investment of more than 17 million dollars, the new Magneti Marelli plant started operations in Ramos Arizpe, Mexico.
These structures, the fourth project installed by the company in the northern state of Coahuila, will generate 250 jobs.
During the inauguration ceremony, Governor Miguel Ángel Riquelme pointed out that the new Magneti Marelli plant in Ramos Arizpe, dedicated to the…
In order to increase production of hot rolling, galvanizing and finishing, Ternium confirmed that it will invest $1 billion dollars to expand its Pesqueria Industrial Center in Nuevo Leon. Italian companies that produce metal and manufacturing machinery are a good option as suppliers for this type of company and its industrial sector.
This was confirmed by Máximo Vedoya, CEO of the steel…
The Governor of Georgia, Brian Kemp, announced Tuesday that sustainability-focused Ecopol, a European leader in the production of biodegradable PVA film, will invest more than $38 million and create 130 new jobs at the company's first North American facility in Spalding County south of Atlanta (Georgia).
Georgia is home to a large and active Italian business community, and Italy has…
Geocart S.p.a., a technology provider based in Italy that specializes in remote environmental and infrastructure monitoring and observation, is launching a North American office in Montréal to house its research and development activities.
The local team will be tasked with developing high-tech services, such as aerial survey and inspection of power lines, railways and highways, and analysis of…
Nice S.p.a., an Italian manufacturer of smart home, security and building automation solutions, Tuesday announced the acquisition of Nortek Security & Control from Melrose Industries. The deal is valued at US$285 million and is Nice’s largest investment to date.
Nice is based in Italy, with global operations including the U.S. and Canada. The acquisition is expected to significantly expand…
Lauro Dominici has taken over the helm of SCM Group Canada as Vice President of sales for the wood division following the retirement of woodworking industry veteran Richard Bluteau on Nov. 1.
Dominici joined SCM in Canada earlier this year following two years with SCM in Portland, Oregon and Atlanta, Georgia. Dominici brings some 14 years of industry experience to the job.
Born and…
According to the preliminary figures published by the MECS - UCIMA Research Centre, the sector is returning to growth. Approximately 7 months of production is guaranteed in 2022. The Italian packaging machinery manufacturers have once again passed the €8 billion mark. According to the preliminary figures compiled by the MECS - UCIMA (Italian Packaging Machinery Manufacturers'…
LEITNER, a world-leading Italian company in the construction of cable cars, gondolas, and ropeways, has completed the construction of Cablebús line 2 "Constitución 1917-Santa Marta," the cable car that will serve the Izatapalapa district in Mexico City's central-east, an area with a high population density.
The new line consists of more than 300 10-seat cabins and covers a 10.6-kilometer route…