Reshoring & Manufacturing News - Page 26 of 53

Defence News Nov/Dec 2020

BAE Systems has been awarded a £1.3bn order to support the production of 38 Eurofighter Typhoon aircraft for the German Air Force. Work will commence in 2021 at BAE Systems’ sites in Lancashire, maintaining continuity of Typhoon production through to the mid-2020s and sustaining high-value engineering roles in the North of England. These critical jobs are a key element of securing the UK’s sovereign skills and capabilities which are central to realising the government’s future combat air ambitions. More than 5,000 BAE Systems ...

General Industrials News Nov/Dec 2020

The crisis in the automotive industry continues - especially the automotive suppliers are feeling the effects. After numerous companies have already filed for insolvency, the German supplier Pressmetall is also affected. Presumably before Christmas, all 504 employees of the Franconian automotive supplier Pressmetall will receive their notice. Unlike the Pressmetal plant in Hoym (Saxony-Anhalt), no solution could be found for the site in Gunzenhausen. After numerous attempts to save the plant, the last investor withdrew from the bidding process due to the ...

Power Generation News Nov/Dec 2020

The scoping report has been published for an onshore wind farm capable of powering a city the size of Dundee. Bodinglee in South Lanarkshire would have 60 ultra-efficient turbines. Its 300MW generating capacity would make the wind farm the UK’s third-largest by electricity generated. Banks Renewables has submitted the scoping report to South Lanarkshire Council. The proposed wind farm would be situated either side of the M74 between Douglas and Abington – not far from Banks’ wind farms at Kype and Middle Muir. ...

Manufacturing News Nov/Dec 2020

Input buying volumes in the manufacturing sector have reached their highest levels since March 2019 in the run-up to the end of the Brexit transition period, according to the latest PMI. November saw rising levels of input purchasing and stockpiling, while export business rose as EU-based clients brought forward orders ahead of the 31 December deadline. The IHS Markit/CIPS Manufacturing Purchasing Managers’ Index rose to a 35-month high of 55.6 in November, up on 53.7 in October and against the neutral 50 reading. Increased ...

Automotive News Nov/Dec 2020

New HGV registrations decline -1.6% in Q3 2020  UK HGV market dips by 138 units to 8,419 in Q3 after turbulent first half of the year.  Demand for rigids up by 12.6% mirroring demand for essential delivery services and construction as lockdown measures eased over the summer.  Market currently down -39.6% year to date, representing a drop of more than 14,000 units. The UK’s new heavy goods vehicle (HGV) market declined slightly in the third quarter of 2020, down -1.6% with 8,419 ...

Run of new manufacturers seek to Buy British with Reshoring UK

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 ...

Reshoring UK Manufacturing: how, why and who?

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 ...

General Industrial News, October 2020

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 ...

Mining News, October 2020

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 ...

Oil & Gas News, October 2020

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 ...