Machinery News

LAKE MARY, Fla. & POOLER, Ga.--(BUSINESS WIRE)--Mitsubishi Power Americas, Inc. today announced plans to expand its Savannah Machinery Works facility, a key U.S. manufacturing and service center for advanced-class gas turbines, steam turbines and power generation equipment serving customers across the Americas. The expanded facility will accelerate Mitsubishi Power’s ability to meet unprecedented power generation needs, with one location that combines advanced manufacturing, a skilled regional...

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced results for the third-quarter 2026. Third-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Sept. 30,2026 Jun. 30,2026 Sept. 30,2025 Sequential Year-on-year Revenue $9,449 $8,972 $8,928 5%   6% Income before taxes - GAAP basis $1,019 $1,018 $1,000 0%   2% Income before taxes margin - GAAP basis 10.8% 11.4% 11.2% -57 bps   -42 bps Net income attributable to SLB - GAAP basis $735 $786 $739 -6%   -1% D...

KYOTO, Japan--(BUSINESS WIRE)--As announced in the press release, “Nidec Discloses the Investigation Report Issued by the Executive Responsibility Investigation Committee,” dated October 20, 2026, Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) hereby discloses an English version of the digest of the Executive Responsibility Investigation Committee’s investigation report as shown in the attachment, as the translation was completed today. Please see the full release here: https://www.release.tdne...

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), today announced the expansion of its hypersonic, solid rocket motor and space capabilities through AEC Advanced Programs, Inc. (AEC-AP), a wholly owned subsidiary established in 2021 to develop the carbon-carbon manufacturing capabilities required for advanced high temperature, extreme environment applications. The AEC-AP facility is located in Rochester, New Hampshire, adjacent...

CHICAGO--(BUSINESS WIRE)--Series B led by Mercato Partners accelerates Formic’s expansion into general-purpose robotics, built on 750,000+ hours of live production....

CLEVELAND, Ohio--(BUSINESS WIRE)--ParkOhio (NASDAQ: PKOH) announces the following webcast: What:     ParkOhio (NASDAQ: PKOH) Third Quarter 2026 Results Conference Call         When:     Thursday, November 5, 2026, at 9:00 a.m. Eastern Time         Where:     https://incommconferencing.zoom.us/webinar/register/WN_ClbKUiCGQhKNu6FDKbqqMA                   How:      Live over the Internet -- Simply log on to the link above          Contact:     Matthew V. Crawford, Chairman, President, & Chief...

OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure technology, has reached an agreement to acquire Setorial Irrigação, a leading Brazilian manufacturer of hose reel irrigation systems. The transaction’s closing is contingent upon the fulfillment of customary conditions expected to occur in the upcoming months. The acquisition strengthens Lindsay’s presence in Brazil’s growing irrigation market while broad...

HANNOVER, Germany--(BUSINESS WIRE)--Bodor Laser will showcase two new premium tube laser cutting machines at EuroBLECH 2026, making their European debut at the world's leading sheet metal working trade fair. The event runs October 20–23 in Hannover, with Bodor Laser at Hall 13, Booths A181 and A182, across more than 1,400 m² of exhibition space. The two new machines offer distinct paths to greater tube processing productivity. The four-chuck series features a fully floating chuck configuration...

PITTSBURGH--(BUSINESS WIRE)--U. S. Steel’s Board of Directors has approved full funding for a nearly $3 billion investment in a new hot strip mill at the company’s Mon Valley Works – Edgar Thomson Plant near Pittsburgh. The investment will replace aging equipment with modern steelmaking technology, increasing annual production capacity from approximately 2.2 million tons to approximately 3.5 million tons and expanding the range of steels U. S. Steel can produce for customers. Construction will...

HERNDON, Va.--(BUSINESS WIRE)--BlackSky wins expanded seven-figure Gen-3 Assured contract with international defense partner...