Reshoring & Manufacturing News - Page 2 of 53

Manufacturing News – Early October 2022

British manufacturing output fell for a third month in a row in September and orders declined for a fourth consecutive month, hurt by falling foreign demand, according to a closely watched survey released on Monday. The S&P Global manufacturing Purchasing Managers' Index (PMI) rose to 48.4 from August's 27-month low of 47.3 but remained below the 50-level that separates growth from contraction and was a fraction weaker than the initial 'flash' estimate of 48.5. "September saw new export business contract at the quickest ...

Railway News – Early October 2022

Alstom has been awarded a five-year operation and maintenance contract from June 2022 through to 2027 with Jeddah Airports Company (JEDCO), firmly cementing itself as a top performer in the sector of operations and maintenance (O&M) services. The company first secured the contract in August 2019 until June 2021, which was previously awarded due to continued positive performance. The contract is valued at approximately 200 million Saudi Riyal (equivalent to €55 million). https://news.railbusinessdaily.com/alstom-signs-five-year-contract-with-jeddah-airports-company-to-provide-operation-and-maintenance-for-king-abdulaziz-international-airport-terminal-1/ ____________________ Sellar, the developer of London Bridge Quarter and Paddington Square, and ...

Power Generation News – Early October 2022

The total pipeline of floating offshore wind projects has more than doubled in the last 12 months, new figures have revealed. A niche technology until relatively recently, floating turbines could soon provide 185GW of capacity worldwide if all planned projects go ahead, up from 91GW a year ago. The figures, in a report released on 12 October by trade organisation RenewableUK, show that the number of projects has increased globally from 130 to 230. https://www.imeche.org/news/news-article/floating-offshore-wind-pipeline-doubles-in-12-months ____________________ The European Marine Energy Centre (EMEC), based in Orkney, has ...

Oil & Gas News – Early October 2022

Tees Valley will host a new £20 million competition, where successful bidders will push the boundaries of hydrogen to see how it can be used to create a cleaner and more efficient transport sector. Hydrogen, which produces no carbon emissions when used as a fuel, has an abundance of potential yet to be unlocked. The Hydrogen Transport Hub competition will encourage growth in this vital sector. As part of the competition, run by Innovate UK, businesses and research groups will collaborate to discover ...

Energy News – Early October 2022

Billions of pounds worth of investment and thousands of jobs will come to Nottinghamshire after a site in the region was chosen as the home of what is hoped to be world’s first commercial prototype fusion energy plant. Jacob Rees-Mogg, Secretary of State for Business, Energy and Industrial Strategy, announced on October 3 that West Burton A, near Retford, is due to be the first site in the world to develop a commercial power station that will use the energy produced by ...

Defence News – Early October 2022

Engineering specialist, Sheffield Forgemasters, has published financial results for the period to 31 March 2022 following its acquisition by the Ministry of Defence in August 2021. The financial statements cover the 15-month period ended 31 March 2022 and report revenue of £130.6m, up from £71.9m for the 12 months ended 31 December 2020, and operating profit (pre-exceptionals) of £0.6m. The accounts highlight significant headwinds which affected the company’s performance, including the effects of Covid-19, high energy costs and the Russia-Ukraine conflict. https://www.thebusinessdesk.com/yorkshire/news/2100563-manufacturers-performance-impacted-by-pandemic-war-and-energy-costs?utm_source=newsletter&utm_medium=email&utm_campaign=Yorkshire_13th_Oct_2022_Daily

Automotive News – Early October 2022

New car market up as plate change September marks one million EV milestone. 225,269 units registered in key ‘new plate’ month – up 4.6% on last September, but -34.4% behind 2019. Bumper month for plug-in registrations sees Britain’s millionth plug-in electric car registered, with 249,575 joining roads in 2022 alone. Industry calls for action to shore up consumer confidence as market enters final quarter. The UK new car market recorded its second successive month of growth in September, with registrations rising 4.6%, ...

Steel News – September 2022

UK steel company secures $865 million to build manufacturing plant in Saudi Arabia. The funds will be used to establish an integrated manufacturing plant within Ras Al-Khair Industrial City in the Kingdom, which is said to produce approximately 1.8 million tons of steel billets. UK-based J.O. Steel Holdings PLC has secured a $692 million credit facility from a consortium of banks and financial institutions led by Saudi British Bank (SABB), the company said in a statement. https://www.arabianbusiness.com/industries/construction/uk-steel-company-secures-865-million-to-build-manufacturing-plant-in-saudi-arabia

Railway News – September 2022

CAF has been chosen by RTM (Régie des Transports Métropolitains), which operates the entire Marseille public transportation network, to supply 15 new trams. The contract is worth €57 million and includes an option to increase the number of trams depending on the delivery of planned network extensions. https://news.railbusinessdaily.com/caf-to-supply-15-trams-to-marseille/ ____________________ Locomotive leasing company, Mitsui Rail Capital Europe (MRCE), has ordered 14 Vectron MS multisystem locomotives from Siemens Mobility on the basis of an existing contract. With this order, MRCE will have a fleet of 147 Vectrons. ...

Nuclear News – September 2022

GE Hitachi Nuclear Energy (GEH) and Sheffield Forgemasters have agreed to cooperate in support of the potential deployment of the BWRX-300 small modular reactor (SMR) in the UK. Through a memorandum of understanding GEH and Sheffield Forgemasters agree to discuss how the Sheffield-based company’s existing and future capabilities could help meet the potential demands of BWRX-300 deployment. The government plans to increase nuclear power generation by 24GW, or 25% of expected demand, by 2050. Each BWRX-300 reactor provides 300MW of electricity, enough to ...