Reshoring & Manufacturing News - Page 14 of 53

Automotive News – Early November 2021

Plug-in car performance holds steady despite overall registrations falling -24.6% 106,265 new cars registered in October, a -24.6% fall on last year and the weakest October since 1991. Plug-in vehicles now account for 16.6% of all cars registered so far in 2021. Chip shortages and tax rises mean industry expects to finish year on 1.66m units, or only 1.9% ahead of Covid-hit 2020. New car registrations have fallen for the fourth consecutive month, with a decline of -24.6% to 106,265 units compared ...

Manufacturing News – Late October 2021

The Autumn Budget 2021 took place as the UK focuses on recovery from a period of unprecedented global economic uncertainty and challenge. Some of the key announcements to impact the manufacturing sector are: Infrastructure, transport and investment As part of his plan for levelling up transport across the UK, Rishi Sunak put forward a number of initiatives and plans for investment across infrastructure. Increased investment to support London-style transport across the country. England’s city regions will receive £6.9bn to spend on train, tram, ...

Power Generation News – Late October 2021

The UK Government has pledged £230m (€272m) in fresh funding for offshore wind in its Autumn Budget. Industry sources said the funding would go towards offshore wind manufacturing, comprising £220m of new funding and the remaining unspent £10m from the UK Government's Offshore Wind Manufacturing Investment Support Scheme. The finance forms part of its £1.4bn Global Britain Investment Fund, which aims to attract foreign investment into the country. In the budget, Chancellor Rishi Sunak also confirmed the £160m investment in offshore wind power hubs. The ...

Automotive News – Late October 2021

UK automotive car production falls -41.5% in September British car production falls -41.5% in September with 67,169 units leaving factory gates. Global chip shortage continues to plague production costing suppliers more than £2.4 billion. Better news for battery electric and hybrid car manufacturing as almost a third of all cars made in UK are now electrified, a new record UK car production fell -41.5% in September, the third consecutive month of decline, with 67,169 cars manufactured – the worst performing September since ...

Steel News – Early October 2021

660 jobs will be safeguarded after one of the country’s biggest steel producers secured a £50m cash injection as part of a wider restructuring at Liberty Steel’s owner Gupta Family Group (GFG) Alliance. The deal comes as the group’s Australian operations debt restructuring Credit Suisse Asset Management with the funding enabling the steel producer’s Rotherham plant to reopen having been closed since spring. The business which is headed by Sajeev Gupta, who got the moniker the Saviour of Steel in 2017 when he ...

Energy News – Early October 2021

The world's longest under-sea electricity cable, transferring green power between Norway and the UK, has begun operation. The 450-mile (725km) cable connects Blyth in Northumberland with the Norwegian village of Kvilldal. At full 1,400-megawatt capacity, it will import enough hydro-power to supply 1.4 million homes, National Grid said. National Grid Ventures president Cordi O'Hara said it was a "remarkable feat of engineering. We had to go through mountains, fjords and across the North Sea to make this happen.” https://www.bbc.co.uk/news/uk-england-tyne-58772572

Power Generation News – Early October 2021

Ministers are set to propose switching green levies from electricity to gas, in an effort to encourage the uptake of heat pumps. The proposals, originally reported in the FT, suggest that the shift would be staggered over the course of ten years and would not impact the overall cost of a dual fuel bill. Currently, 23% of the cost of electricity is made up of environmental and social obligation costs, with the costs of numerous decarbonisation programmes funded through the levy. However, gas ...

Aerospace News – Early October 2021

The National Manufacturing Institute Scotland (NMIS) and the world’s largest aerospace company Boeing have officially opened a new research and development (R&D) facility in Westway Park in Renfrew within the Advanced Manufacturing Innovation District Scotland. Key figures, including Minister for Business, Trade, Tourism and Enterprise, Ivan McKee, attended the event on Tuesday, marking a significant development within the region and Scotland’s growing advanced manufacturing industry. At over sixty thousand square feet, the new NMIS facility incorporates the Metallics Research Centre with Boeing, which ...

Automotive News – Early October 2021

New car registrations fell to their lowest levels in September for more than two decades, according to figures from the industry's trade body. The Society of Motor Manufacturers and Traders (SMMT) said new registrations dropped 35% compared with the same month a year earlier. Falling car production has been blamed on an ongoing global shortage of computer chips. However, sales of electric cars are rising rapidly, the SMMT said. While the car market as a whole has suffered through the pandemic, more than 32,000 ...

Manufacturing News – Late September 2021

West Midlands manufacturers are continuing to see strong growth prospects as economies continue to open up and the economic recovery strengthens, according to a survey published today by Make UK and business advisory firm BDO. Having seen a brutal 10% decline in output in 2020, the sector in the UK overall is now set to recover a significant amount of that loss in 2021, with forecasts suggesting it will have recovered the total loss from last year by the end of 2022. Make ...