Do you want to take the opportunity to meet global supply chain decision makers from Russia, China and India? and to have one to one meetings with UKTI commercial officers from these countries and Germany?
Perhaps a cry being heard all too often in engineering is that there is a lack of new young talent coming into the industry - with more and more young people choosing University over apprenticeships and vocational qualifications, is the industry growing old with no successors?
An encouraging sixty new companies have booked stand space for MACH2010 since the start of the year. The influx of stand bookings has provided a real boost to the exhibition which takes place form 7-11 June this year. The companies took a further 1200 m2 of space at the show which is now almost 90% sold on targets.
An independent survey indicates a huge proportion of visitors to MACH2010 plan to purchase new manufacturing equipment over the next 3 years. When asked how much they plan to spend, over 83% said up to £250,000 in the second half of 2010 and nearly 71% were expecting to spend the same again in 2011.
Business confidence amongst MTA members is still on the up according to the Association’s latest survey. The flash survey for January 2010 shows an increase in business confidence during the first month of the year, a sign that engineering based manufacturers are optimistic and looking forward to better economic circumstances.
The MTA's latest industry forecast for the machine tool sector predicts that UK orders will start to pick up in 2010 - welcome news for manufacturing technology companies across the UK. The UK market is forecast to match the wider economy’s steady recovery as we move into 2010. That’s a more positive picture than can be painted of some other countries with global demand for machine tools tipped to trail the global recovery, mostly due to the historic highs in consumption we saw in 2007/8.
Results from the Manufacturing Technologies Association (MTA) monthly survey for March show significant increases in order intake and invoiced sales amongst member companies. In addition, the survey reports a higher level of business confidence, an increase in new business enquiries and reveals that compared to February, more companies are employing staff than making redundancies.
The MTA’s latest industry survey shows growing confidence in the market and another monthly rise in order intake. But it is too early to say that the worst is over. The upbeat news comes the day after the Chancellor delivered his pre-budget report - which had precious little cheer for manufacturing.