Reshoring & Manufacturing News - Page 19 of 53

Power Generation News – Late May 2021

The UK's energy regulator has approved plans to invest £300m in low carbon projects including support for 3,550 charging points for electric vehicles. Ofgem said the funds would allow energy networks to build robust electricity infrastructure for installing charging points across UK motorways. It said while more people are buying electric cars, others are put off due to a lack of charging points near home. Ofgem said a wider charging network would help address "range anxiety". https://www.bbc.co.uk/news/business-57225856 The International Energy Agency (IEA) is predicting a ...

Aerospace News – Late May 2021

The UK Electrification of Aerospace Propulsion Facility to be catalyst for green economic recovery in the aerospace sector. The University of Nottingham has been awarded £7.6million by the D2N2 LEP towards the development of the £16.8M UK Electrification of Aerospace Propulsion Facility (UKEAPF). The UKEAPF is one of ten projects across Derby, Derbyshire, Nottingham, and Nottinghamshire which has received funding from D2N2’s £44 million share of the government’s £900 million Getting Building Fund. Hosted within the new Power Electronics and Electrical Machines Centre at ...

Manufacturing News – Late May 2021

SME manufacturers are confident of more sales, more jobs and more investment in the coming months. Confidence amongst SME manufacturers is at its highest level for two years according to the latest Manufacturing Barometer, carried out by SWMAS (the South West Manufacturing Advisory Service) and the Manufacturing Growth Programme (MGP). Nearly two thirds of firms are expecting to increase sales between now and October, with 58% indicating that they are planning to boost investment over the next six months as they look to ...

Automotive News – Late May 2021

Aston Martin’s turnaround is gathering pace as the car maker’s new owners see early signs of progress. Revenues were up 153% to £224.4m in the first quarter of the year, with pre-tax losses narrowly significantly, from £110m to £42m. Executive chairman Lawrence Stroll, who took over last year, said: “I am delighted with the great progress we are making as demonstrated by the results we are reporting today which mark the first steps towards achieving our medium-term targets https://www.thebusinessdesk.com/westmidlands/news/2051326-aston-martin-makes-great-progress-in-turnaround-strategy Jaguar Land Rover's pre-tax profits improved ...

Julia Moore – Reshoring UK gives exclusive interview in AUTOMATED Magazine

Julia Moore, chief executive of Reshoring UK gives an exclusive interview for AUTOMATED magazine. Reshoring UK is a collaboration of leading industrial engineering trade bodies that help manufacturers connect with reliable UK suppliers. Reshoring UK encourages companies to engage with the national supply chain and recognises its resilience and potential for innovation. AUTOMATED: Can you give me some background on Reshoring UK and its aims? JM: We recently launched Reshoring UK as a digital platform to represent a unique growing collaboration of 33 leading ...

Industrial Metals News – Early May 2021

Liberty Powder Metals, the UK’s newest and unique producer of premium metal powders and alloys, has earned critical quality certifications that will enable the business to expand its reach in additive manufacturing and sell to customers across the aerospace, automotive, and industrial and engineering sectors. The company’s atomiser, which opened last December at the Materials Processing Institute on Teesside, produces a range of premium stainless steel and nickel superalloy powders that enable 3D printing of precision components in a market already worth ...

Power Generation News – Early May 2021

There are concerns that changes to the UK Government’s Contracts for Difference (CfD) scheme could hamper future offshore wind investment decisions. As part of the amendments, offshore wind developers may have their subsidy terminated unless they deliver on pledges to utilise the domestic supply chain. Bosses at Vattenfall called for a “transparent supply chain assessment process” to be put in place in order to minimise the investment risk. However, the Swedish renewables giant welcomed the decision to bring forward the timeline for assessing ...

Manufacturing News – Early May 2021

SME manufacturing output held flat in the three months to April but is expected to improve markedly in the coming quarter, according to the CBI’s quarterly SME Trends Survey. The survey of 260 SME manufacturing firms saw optimism grow considerably, at the fastest pace in seven years. Sentiment regarding export prospects continued to fall, although at a much slower pace than that seen over the past year. The volume of total new orders grew, reflecting a rise in domestic orders, while export orders were flat.  Employment numbers also ticked ...

Automotive News – Early May 2021

141,583 new cars registered in April as showrooms reopened – significantly up on April 2020 when lockdown closed retail and the nation, but still -12.9% down on decade average. The SMMT revised its forecast upwards to 1.86m registrations by end of the year, up 13.9% on 2020. Plug-in vehicles forecast are to account for more than one in seven registrations in 2021. April saw an artificial 30-fold increase of new car registrations compared to the same month last year, but volumes still remained ...

Steel News – Late April 2021

Tata Steel has unveiled its transformation plans for a steel tube making site in the UK's East Midlands, which the Indian steel major said will give the business the best chance of a strong future. Work has started at the 150-acre site at Corby, which produces vital products for everything from sports stadiums and iconic skyscrapers such as the Shard in London, to hospital beds and renewable green energy schemes around the world. Workers at the site produce steel tube products ...