Reshoring & Manufacturing News - Page 18 of 53

Automotive News – Late June 2021

May engine production more than doubles but export growth sluggish UK factories made 116,639 engines in May, more than double May 2020’s output. May 2021 output down -47.6% on five-year average for the month. Year-to-date output rises 18.8% with increased production for the domestic market. https://www.smmt.co.uk/2021/06/may-engine-production-more-than-doubles-but-export-growth-sluggish/ UK commercial vehicle (CV) production increased to 6,243 units in May, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). For the second consecutive month CV output saw a significant ...

Energy News – Early June 2021

North Yorkshire-based energy group Drax has signed a long-term deal to help deliver the world’s largest negative emissions power generation project. Drax and Mitsubishi Heavy Industries Engineering, part of Mitsubishi Heavy Industries (MHI) Group, have agreed a deal for the company to use its carbon capture technology – the Advanced KM CDR process. Combining UK innovation and Japanese technology, the contract will see Drax license MHI’s unique carbon capture solvent, KS-21, to capture CO2 at its power station near Selby. Drax is already the ...

Power Generation News – Early June 2021

Scottish Enterprise has appointed global energy consultancy Xodus Group to the role of Offshore Wind Cluster Builder to develop and grow the offshore wind supply chain across Scotland. The Offshore Wind Cluster Builder will support Scotland’s existing offshore wind clusters, Deep Wind and Forth &Tay Offshore, in their remit to foster collaboration, drive competitiveness and improve productivity in Scottish Offshore Wind. The project will do this by delivering a range of services to SMEs including one-to-one support, events, workshops and market intelligence, as ...

Aerospace News – Early June 2021

Rolls-Royce has appointed Anita Frew as a non-executive director and chair designate. Frew will join the board from 1 July and will succeed Sir Ian Davis as chair on 1 October. Davis will retire from the Board on 30 September 2021, after nearly nine years as chairman. Rolls-Royce has also appointed Mike Manley as a non-executive director. Frew is currently chair of Croda, the science, technology and chemicals group and a non-executive director of BHP Group, a global resources company. Until recently she was ...

Manufacturing News – Early June 2021

UK manufacturing is growing at its fastest rate for almost 30 years as the easing of lockdown unleashes pent-up demand, according to a survey. The IHS Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) reached a high last month of 65.6, up from 60.9 in April. Any reading above 50 indicates growth, and April's figure was the highest since the survey began in 1992. But there are also signs that suppliers are struggling to keep up with demand. https://www.bbc.co.uk/news/business-57314678 The National Manufacturing Institute Scotland (NMIS) has announced ...

Automotive News – Early June 2021

Royal Mail has announced plans to add an additional 3,000 low-emission delivery vans to its fleet, in the same week that DPD placed an order for 750 fully electric vans. Royal Mail currently operates some 300 electric vehicles (EVs), so the vision marks a ten-fold increase in the size of its electric fleet. The new vehicles – the first of which will enter operation this summer – will be added to existing delivery routes and depots will receive models with load capacities ...

Steel News – Late May 2021

LIBERTY Steel Group, which is part of Sanjeev Gupta’s Gupta Family Group Alliance (GFG), has announced it will look to sell its aerospace and special alloys steel business in Stocksbridge, South Yorkshire. The business says that following meetings at the weekend in Dubai, Gupta and his newly-formed Restructuring and Transformation Committee are in “advanced discussions” with Credit Suisse Asset Management (CS) to reach a formal standstill agreement on its LIBERTY Primary Metals Australia business while refinancing is completed that will repay CS ...

General Industrials News – Late May 2021

Construction output in March 2021 in Great Britain reached its highest level since September 2019. Construction output grew by 5.8% in March 2021 over February, with strong growth in both new work (6.7%) and repair & maintenance (4.4%). Latest numbers form the Office for National Statistics show that the level of construction output in March 2021 was £14,251m – the highest since September 2019 when it was £14,381m. March’s output was also 2.4% above the February 2020 pre-pandemic level; repair & maintenance work was ...

Energy News – Late May 2021

The International Energy Agency (IEA) has published a landmark report outlining the sweeping changes needed in the power, energy and heat sectors if the world is to have the best chance of limiting temperature increases to 1.5C. Described the world’s first comprehensive roadmap to a net-zero energy sector globally, the report states that the window to deliver on net-zero by 2050 is “narrow” but that the transition can be managed to bring “huge benefits” in terms of job creation, economic growth and ...

Defence News – Late May 2021

Cook Defence Systems has won an extension to its Ministry of Defence contract to supply spare tracks for the Challenger 2 main battle tank and other combat, reconnaissance and engineering vehicles for the British Army. The UK company, based at Stanhope, County Durham, is the world’s leading independent designer and manufacturer of track systems for armoured vehicles. Its tracks are in service on almost all the tracked vehicles in the British Army and with many other armed forces around the world. The Minister ...