More manufacturers that source often low-priced components from abroad are finding UK-based alternative suppliers at www.reshoring.uk, a powerful new collaborative marketplace, initiated by the Gauge and Toolmakers Association (GTMA).
Beck & Pollitzer and Frog Bikes are among a raft of companies that have found or are seeking UK suppliers this year with the help of the Reshoring UK platform. The Scottish Plastics and Rubber Association is the latest business group to join the growing list of 32 trade associations and research organisations on ...
An expert panel discusses the challenges, benefits and practicalities of reshoring manufacturing to the UK
Efforts to beef up UK supply chains and encourage manufacturers to favour domestic production have been gathering momentum for a while now.
But the challenges presented by the Covid-19 pandemic – coupled with concerns over the impact of Brexit – have turbocharged these arguments and reshoring is now being seen as an increasingly important in terms of bolstering UK manufacturing resilience and ensuring that its manufacturing supply chains ...
The total value of claims for tax relief under the UK’s Patent Box regime has increased, but only slightly, according to latest data sets released by HMRC. Whilst this is a positive indicator of investment in innovation, the number of companies making claims is still far lower than it should be, according to European intellectual property firm, Withers & Rogers.
The statistics show that 1,230 companies in the UK claimed £992 million in relief under the Patent Box regime in 2018-19 and ...
Anglo American’s Crop Nutrients business has announced the creation of 200 new jobs at its Woodsmith Mine near Whitby.
The jobs will be made available over the coming months as the company begins to sink the main mineshafts to the polyhalite ore body, over a mile beneath the surface.
Polyhalite is a form of potash containing potassium, sulphur, magnesium and calcium. The product will be used by farmers to help improve crop yields.
Sirius, which had already invested heavily in this mining project, warned ...
Weir Group has announced it is selling its oil and gas division to Caterpillar in a £314m deal.
The division employs more than 2,000 people, most of them in North America. It was loss-making in the first half of this year.
Weir has pursued a strategy of leaving the power and oil and gas markets.
It has concentrated efforts on mining, which generate revenues of over £2bn annually. The business processes the majority of the world's mined copper.
This is a key component in smart ...
Banks Renewables has secured approval to build a wind farm that will feature the tallest turbines granted planning permission in Scotland to date.
The Scottish government has approved the plans for Lethans Wind Farm, east of New Cumnock in East Ayrshire. Banks Renewals had revised the plans to maximise the supply of electricity.
Approval means Lethans’ 22 turbines, with maximum tip height of 220m, will have a maximum output of up to 105.6MW.
When it lodged the original plan in 2015, Banks Renewables had ...
The latest Contract Manufacturing Index for the third quarter of 2020 (Q3) shows that the subcontract market bounced back strongly in July and August after the Covid-19 shutdown.
The market fell slightly in September, but was still 14% higher than at any point in the previous quarter. The signs are that larger companies have projects in the pipeline but they are taking longer than normal to come to market as many staff continue to work from home.
The CMI for Q3 2020 stood ...
Tesla has recorded a fifth quarter in a row of profit, as sales of its electric cars accelerated to a new record despite the pandemic.
The firm said it made $8.7bn in revenue in the three months to September, as deliveries rose 54%.
The firm said it still hoped to meet its goal of delivering more than 500,000 vehicles this year but warned this had "become more difficult".
Analysts also warned the firm faced mounting competition.
So far, Tesla has delivered fewer than 320,00 cars ...
Over the last 12 months and with the recent lockdown we have seen a decline in business in both the automotive and aerospace sectors, however, the rail industry remains buoyant. Over 60 GTMA members have now registered to join the Rail Cluster Group and we will be working closely with these companies over the coming months.
Click here to read the full article in MEM Magazine October 2020
The Railway Industry Association, the UK trade body for the rail supply community, has joined Reshoring UK, a collaboration of industrial engineering associations focused on connecting manufacturers with trusted, accredited UK suppliers capable of delivering products and services that match their requirements
Click here to read the full article in September 2020 issue of MEM Magazine