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The deal will increase Windsor, Ont.-based Cavalier's capacity in gun drilling, electrical discharge machining, plate milling, large roughing, large five-axis equipment, and toolmaking.
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The acquisition is designed to strengthen Arburg's expertise and electric drives portfolio.
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Members voted overwhelmingly in favour of the deal, and work will begin immediately to ready the plant in Ingersoll for van production to begin in November.
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The materials supplier will complete an expansion of its colour concentrates plant in Binh Duong, Vietnam in February.
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The company has also added new employees, 3D modeling capabilities, and mold sampling
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Manufacturing sales fell in November for the first time in three months, and sales were down in 5 of 21 industries, driven mainly by the aerospace product and parts, motor vehicle, and motor vehicle parts industries.
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The total scope of the investment is intended to support approximately 20 kilotons of production per year, with the first phase of the project expected to come on-line in 2024.
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Researchers in Japan have used a novel catalyst process to recycle polyolefinic plastics into chemicals.
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The researchers from Bath's Centre for Sustainable and Circular Technologies in the UK have made a sustainable polymer using the second most abundant sugar in nature, xylose.
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Tuesday, February 09, 2021 - Thursday, February 11, 2021
*Virtual event
» Learn more
Tuesday, February 23, 2021 - Wednesday, February 24, 2021
Society of Plastics Engineers
*Virtual event
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Tuesday, March 09, 2021 - Thursday, March 11, 2021
Tarsus Mexico, Mexico City
*New dates, hybrid exhibition
» Learn more
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