Reshoring & Manufacturing News - Page 15 of 53

Steel News – Late September 2021

The "punishing" price of wholesale electricity is making it uneconomical to make steel at certain times, an industry body has said. Director General of UK Steel Gareth Stace said wholesale prices had quadrupled to upwards of £1,000/MWh. He said some companies were being forced to temporarily pause production when the price went "through the roof". UK Steel said electricity costs accounted for up to 20% of the price of converting raw materials into steel. "If you take a company like Celsa in Cardiff, they ...

Defence News – Late September 2021

Defence Secretary Ben Wallace officially cut steel for the UK’s newest warship, during a ceremony held at Rosyth dockyard. The event marks a significant milestone in the programme for the Royal Navy, Defence and shipbuilding in Scotland, with all five vessels to be built by Babcock on the Firth of the Forth and an average production cost of £250 million per vessel. Deemed the lead programme of the National Shipbuilding Strategy, the construction of the fleet will support around 1,250 highly-skilled jobs ...

Power Generation News – Late September 2021

GE Renewable Energy plans to use the world’s largest 3D printer of its type to produce moulds for its Haliade-X offshore wind turbines, shaving months off production times for the giant components and enabling greener local manufacturing. The US-owned OEM has teamed up with Germany’s Fraunhofer Institute for Casting, Composite and Processing Technology, and 3D printer specialist Voxeljet for the “game changing” initiative that aims to print moulds for castings up to 9.5 metres in diameter and weighing more than 60 tonnes. GE ...

Aerospace News – Late September 2021

Rolls-Royce announced that it has signed a definitive agreement to sell 100% of ITP Aero to Bain Capital Private Equity, which is leading a consortium of investors, for approximately €1.7 billion. The consortium includes interests to be held by Spanish co-investors SAPA and JB Capital. The proposed sale is a key element of Rolls-Royce’s disposal programme, announced on 27 August 2020, to raise proceeds of at least £2.0 billion, and is consistent with the company’s strategy of reducing capital intensity while maintaining ...

Automotive News – Late September 2021

As we enter the important September plate-change month with an ever-increasing range of electrified models and attractive deals, buyers in the market for the new 71 plate can be reassured manufacturers are doing all they can to ensure prompt deliveries. MINI has delivered its one millionth car sold in the UK, just over 20 years since the start of modern MINI production began in 2001. MINI has sold over 5.1 million cars globally in the past two decades, and the UK is the ...

Energy News – October 2021

UK’s biggest energy suppliers in need of rescue packages to take on customers of failed rivals The UK has been shaken by the recent news of the energy market crisis. The main reason for the crisis is that wholesale prices of gas have increased by 250% since January, and by 70% since August. This has already put ten energy suppliers out of business. When a supplier fails, Ofgem appoints another more stable provider to take on their customers. However, with more suppliers ...

Manufacturing News – Early September 2021

Digital transformation business PTC has agreed a new partnership with the Manufacturing Technology Centre that will help industry embrace the latest technologies. PTC, which employs over 200 people in the UK, has become a Tier 2 member at the MTC and, as part of the agreement, will commit to providing the latest Augmented Reality, Industrial Internet of Things platforms, Product Lifecycle Management and CAD solutions to projects designed to equip OEMs and SMEs with more digital capability. https://www.thebusinessdesk.com/westmidlands/news/2054679-partnership-to-further-digital-transformation-for-manufacturers 40% of UK manufacturers polled by ...

Railways News – Early September 2021

British rail companies are on track for potential Australian export boom thanks to the trade deal that will be signed later this year. Australia is already the highest priority country for UK rail exporters, with more than £82 billion ($155billion AUD) being invested by Australia into its networks over the next decade, including new cross-country lines and modernised metros in cities including Melbourne. https://www.gov.uk/government/news/rail-industry-on-track-to-win-big-in-uk-australia-trade-deal?utm_medium=email&utm_campaign=govuk-notifications&utm_source=282e5d2d-add8-425f-bd70-8cbebb86ca9a&utm_content=daily

Defence News – Early September 2021

The UK Government is being urged to channel the innovation in the defence sector across UK manufacturing, maximising the benefits and future technological opportunities for the rest of the economy, according to a major report published . According to the Make UK Defence and Raytheon UK report Defence: Opportunity, resilience and prosperity, the defence sector makes a dynamic contribution to the UK economy, accounting for £12bn GVA and employing, directly or indirectly through supply chains, over 200,000 highly skilled employees. The sector ...

Mining News – Early September 2021

An Australian engineering company is planning to create 120 jobs in Newtownabbey over the next five years. Tribe Technology designs and builds autonomous drill rigs for the mining industry. The development is being supported by a grant of just under £1m from Invest NI. https://www.bbc.co.uk/news/uk-northern-ireland-58397078 GLOBAL minerals company Sibelco have unveiled their target to reduce Scope 1-2 emissions intensity (tonnes CO2/revenue) by 5% per year from 2021 to 2030 (37% cumulatively), in line with best practices promoted by the Science Based Targets initiative (SBTi). ...