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 ...
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 ...
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 ...
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 ...
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".
The International Energy Agency (IEA) is predicting a ...
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 ...
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 ...
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
Jaguar Land Rover's pre-tax profits improved ...
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 ...
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 ...