News - Reshoring UK

Oil & Gas News, October 2017

Opec expects stronger demand for its crude oil next year due to stronger consumption growth and lower estimates for supply from outside the cartel, as prices near $50 a barrel boost driving and crimp output. The cartel’s monthly market report said its in-house analysts see demand for Opec’s oil reaching 33.1m barrels a day in 2018, up by roughly 200,000 barrels per day from last month’s forecast with the increase largely split between stronger demand and lower estimates of non-Opec supply. The increase ...Read more

Aerospace & Defence News, October 2017

Some 750 workers at BAE Systems Warton and Salmesbury sites in Lancashire are to lose their jobs as a result of reduced demand for Eurofighter Typhoon where it is manufactured. The job cuts are among nearly 2,000 announced by the listed defence company. The Lancashire losses are among 1,400 to go from BAE’s military air and information business, which also include 400 in Brough on Humberside. The move is part of a “re-organisation and rationalisation” programme effective from January 1,2018. “These changes will ...Read more

Manufacturing News, October 2017

A weaker exchange rate helped the manufacturing sector expand for the 14th month in a row in September, according to a survey of purchasing managers working in the industry. The amount of growth in new export business was close to its highest level of the past six-and-a-half years, respondents said. They cited the fall in the pound since last year’s EU referendum as a reason for higher export orders. The headline rate of the IHS Markit/Cips purchasing managers’ index fell slightly, to 55.9 ...Read more

Power Generation News, October 2017

In a claimed UK first, energy supplier EON has completed the installation of a 10MW energy storage system that will be used to help smooth the flow of power to and from the grid. The 10 megawatt (MW) Lithium-Ion battery, which is housed in four 40ft long shipping containers, has the same power as roughly 100 family cars and holds the same amount of energy as 500,000 mobile phone batteries. It has been Installed at a 30MW renewable energy plant that converts ...Read more

Automotive News, October 2017

Jaguar Land Rover has been revealed as the new name behind plans for a $40m development in Staffordshire.  JLR is investing in a new 52-acre site storage facility at Stone Business Park. The massive new development will provide secure storage facilities for 6,500 vehicles and is expected to create around 75 permanent jobs. Birmingham-based Stoford Developments will be delivering the new facility.  Director Tony Nash said “This development will bring significant inward investment into the county and represents a major commitment to the ...Read more

Aerospace & Defence News, September 2017

Construction has begun on a multi-million pound manufacturing site in Sheffield which will produce 8,000 parts a year for the growing aviation industry. Boeing is investing around £40m in locating the company’s first European manufacturing facility on Sheffield Business Park. Boeing Sheffield will form part of the company’s global network of commercial aeroplanes fabrication sites and will produce actuation components for the next-generation 737, 737 MAX and 777 aircraft. The 6,200 sq metre facility will manufacture spur gears, shafts and housings from materials ...Read more

Oil & Gas News, September 2017

North Sea oil and gas producers have pulled out of the “death spiral” that had threatened to send the basin into precipitous decline according to industry leaders. However, exploration remains at its lowest level since the 1970s and the UK faces a battle to compete against lower cost oil and gas elsewhere in the world. The chief executives of Royal Dutch shell and BP, the UK’s largest oil groups and pioneers of the North Sea industry, both said they were optimistic about the ...Read more

The Way Back – Reshoring the UK Supply Chain

Reshoring UK is the unique collaboration of leading industrial engi-neering associations and Manufacturing Catapults, led by the GTMA, to support both UK and inward investment companies to find trusted accredited suppliers.With support and funding by Innovate UK, a web-enabled Manufacturing Tier 3 Resource Database and Search Tool has been developed for the Reshoring UK website, www.reshoringuk.co.uk  The new website, as you can see in our report on page 6, is a big step forward and delivers a significantly enhanced ‘ease of ...Read more

Manufacturing News, September 2017

A new £25m centre of excellence in metrology will save British industry millions of pounds and hours in new ‘smart factories’, an audience of industry experts has been told in Huddersfield. The Future Metrology Hub, one of eight EPSRC-funded future manufacturing hubs, headquartered at Huddersfield University, will organise the research and development of a range of new measurement methods that form part of accelerating Britain’s manufacturing into the “fourth industrial revolution”. Millions of components are machined and fabricated every day and measured and ...Read more

Realities of Reshoring: a UK Perspective

 Realities of Reshoring: a UK Perspective More and more companies are realising that overseas production is not as cost effective as it used to be. With factors such as increasing supply chain costs and workers’ wages, overseas operations are no longer the most efficient way to operate. This has led to the business practice of reintroducing domestic manufacturing, known as reshoring, becoming more common in recent years.GTMA will be demonstrating their new ReshoringUK website as the Association launches their collaboration with eleven Trade ...Read more
Page 1 of 1112345...10...Last »