The upturn in the UK manufacturing sector slowed further at the start of the second quarter, according to the latest Markit/CIPS Purchasing Managers’ Index (PMI). Rates of expansion eased for output, new orders and employment, in part reflecting a weakening in the pace of expansion of new work from abroad. On the price front, input cost and output charge inflation moderated and, although still elevated, re below the highs seen at the turn of the year. The seasonally adjusted HIS Markit/CIPS 7-month low ...Read more
Network Rail has given Balfour Beatty an emergency repairs contract, worth up to £50m over the five-year term. The reactive building and civils contract was awarded through Network Rail’s route building and civils framework. Requires Balfour Beatty to take on rail infrastructure pairs and projects along the Great Western route, between London and Penzance, at short notice. To service the contract, starting in spring 2018, Balfour Beatty plans to open a new office in the Swindon area with a staff ...Read more
EDF Energy has said its plans for two major windfarms on the Isle of Lewis may need to reach heights normally preserved for turbines at sea, prompting an outcry from local opponents. The French company’s renewables unit said it may need to go higher for the project to be economically viable and win millions of pounds in government subsidies. Kerry MacPhee, who heads community liaison, told locals that one of the windfarms could be 200 metres (650ft) tall, with the other ...Read more
Lewis Wind Power wants to increase the maximum height of turbines at a site at Uisinis to 200m (656ft). The developer has also proposed increasing turbines to a site near Stornoway to a height of 187m (614ft). It said bigger turbines are more efficient and would help to attract subsidies to a subsea cable needed for exporting power to the mainland. For more than 10 years, it has been planned to lay the cable, known as the interconnector, to link Renewable energy ...Read more
The automotive industry can expect to achieve upwards of $160bn in annual productivity gains through the adoption of smart factory technology from 2023 onwards. Almost half of all automotive business have invested more than $250m in smart factories, according to new research, more than any her sector. The world’s top 10 automotive manufactures expect to realise an additional $4.6bn or 50% growth in operational profits – annually within five years of a full smart factory implementation. The report, published by Capgemini’s Digital Transformation ...Read more
The EIA have received confirmation of funding for events from the Department of International Trade until March 2019. Eligible UK SME companies could receive up to £2,500 for exhibiting, depending on the location of the show. MANUFACTURING EXPO Leading Machinery and Technology Event for Manufacturing and Supporting Industries 20 – 23 June 2018, Bangkok, Thailand http://www.manufacturing-expo.com CIMES The 14th International Machine Tool Exhibition 26 – 30 June 2018 Beijing, China http://www.cimes.net.cn/en MTA VIETNAM The 16th International Precision Engineering, Machine Tools and Metalworking Exhibition 3 – 6 July 2018 Ho Chi Minh City, Vietnam http://www.mtavietnam.com MSPO 26th International Defence Industry Exhibition 4 – 7 ...Read more
ReshoringUK is a collaboration of 13 leading industrial engineering and technology associations working together to assist manufacturers connect with trusted, accredited suppliers capable of delivering products and services that match their varied requirements.
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Who Should attend?
Manufacturers In The high value technology sectors
12.30pm Wednesday 16th May, 2018
Manufacturing Resource Centre, Adams Way, Alcester B49 6PU
Free parking and Buffet LunchRead more
A survey of more than 240 manufacturers has found a broadly positive outlook, with 52% of firms in the sector expecting to increase their staff numbers. The survey, conducted for the Lloyds Bank Commercial Banking’s Manufacturing Barometer, found that the same proportion are more positive about the UK economy than this time last year, and four in ten (43%) expect Britain’s exit from the European Union to have a positive impact on their business. Manufacturers also reported that wages are set to ...Read more
Rivals Airbus and Dassault Aviation have struck a deal to develop and produce Europe’s next generation of fighter aircraft. The two companies said their European Future Combat Air System (FCAS) would replace the existing planes by 2040. The French and German governments have yet to set out their exact requirements for the programme, which will also include the manufacture of drones and communications technology. And the two companies have yet to decide which of them would take the lead role in the ...Read more
Oil prices hit their highest level since 2014, moving above $74 a barrel and lifting energy companies to the top of global stock indices. Production cuts by Opec and Russia over the past 16 months have helped crude prices rally, with the latest increase spurred by rising risks to supplies, from Venezuela’s economic crisis to the threat of new US sanctions on Iran. Brent crude has gained almost 8% this year.Read more