Reshoring & Manufacturing News - Page 40 of 53

Aerospace & Defence News, February 2018

In 2017, aircraft deliveries were worth up to £29bn to UK industry as manufacturers in this country and around the world again raised their production rates to set a new annual record. Both orders and deliveries in December provided an end of year surge that broke a series of industry records, according to figures from trade body ADS. A total of 213 deliveries in the last month of 2017 – the highest monthly figure of the year took the overall figure for ...

Power Generation News, February 2018

Renewable output rose by 27% over 2017 due to windier weather and new capacity coming online, according to the latest Electric Insights report from Imperial College London. Wind, solar, biomass and hydro together produced 96TWh of electricity during the year – more than enough to power the whole of Great Britain in 1958. The quarterly report commissioned by Drax shows low-carbon sources, including nuclear, accounted for half of all electricity production, as fossil fuel generation dropped by a tenth. 2017 was a “watershed ...

Automotive News, February 2018

UK car manufacturing output held steady in January 2018, with just 72 fewer vehicles produced than in the same month last year. Export drove overall volumes, whereas the domestic demand declined, study has revealed. According to a new SMMT report UK car industry output in the month fell by a negligible -0.05% year on year, as 147,481 cars rolled off production lines – effectively maintaining the nine-year high set in January 2017. Exports drove overall volumes, with output for overseas customers rising ...

General Industrial News, January 2018

Britain’s manufacturers are set to benefit from a boom in overseas demand this year, with companies said to be more optimistic about the prospect for the global economy than at any time since 2014, new research by EEF and AIG has shown. The balance of companies expecting an improvement in global conditions has reached the highest level in four years, the 2018 EEF/AIG Executive Survey has shown. More than 40% of companies expect trading conditions to be better than last year, compared ...

Marine News, January 2018

The UK’s boat and yacht industry has seen revenues surge to their highest level since the financial crisis after the weaker pound helped drive up sales. Sales rose by 3.4% to £3.1bn in the year to April 2017, according to a report by lobby group British Marine. It said that the depreciation of the pound since the EU referendum had boosted the sector by making products cheaper for international buyers. Overseas sales for UK marine manufacturers rose by 4.7% last year. It’s ...

Rail News, January 2018

The University of Huddersfield’s Institute of Railway Research (IRR) has been announced as a Centre of Excellence for the new £90m UK Rail Research and innovation Network (UKRRIN). This gives the go ahead for the university’s £30nn Centre of Excellence in Rolling Stock, within its Institute of Railway Research. The centre will develop the rolling stock of the future. Within UKRRIN, the Institute of Railway Research’s task will be to develop a new generation of rolling stock that lasts longer, is more ...

Oil & Gas News, January 2018

Brent Crude hit a three-year high of $70 a barrel at the beginning of January, but there are questions about this rally’s resilience. Higher prices threaten to unleash a new wave of US shale output in response. “The higher the prices go, the harder the shale producers pump,” Tamas Varga at London-based broker PVM, said, adding “An overdue correction could be under way”. The price of oil has been rising since late June 2017, supported by cuts in supply led by the OPEC ...

Aerospace News, January 2018

Airbus has struck a deal to increase the number of planes it makes in China as part of a state visit by French President Emmanuel Macron. The European giant aims to produce six of its A320 jets each month by 2020 at its final assembly plant near Beijing. During his three-day visit, Mr Macron said both France and China must open up to doing business with each other. He told an audience of French and Chinese business leaders: “If we don’t deal with ...

Power Generation News, January 2018

One of the UK’s eight remaining coal power stations is expected to cease generating electricity at some point in 2018, the government has said as it laid out new rules that will force all the plants to close by 2025. Ministers will also retain emergency powers to suspend the phase-out in the case of an emergency shortfall in electricity supplies. While three plants shut in 2016, and most are expected to halt operations by 2022, the last ones standing will be forced ...

Automotive News, January 2018

The union Unite has called on the owner of the Vauxhall car company to invest in new models after workers at its Ellesmere Port plant in Cheshire learned the carmaker was seeking 250 additional redundancies on top of the 400 announced last October. The manufacturer, now owned by French company PSA, said the move was prompted by the need to “accelerate the recovery of plant productivity”. Vauxhall said it intends to move staff from two production shifts to one. The company told ...