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.
A new MTA survey focusing directly on trends in the machine tool and tooling sectors reveals growing confidence in the industry alongside a definite recovery during in September and October. The survey, now in its fourth month, is starting to show some trends - some of which point to positive news for companies in engineering based manufacturing and even the wider economy. The results are supported by positive sales for MACH 2010 which is now over 80% sold, a demonstration of growing confidence in the industry. With its impeccable timing in June 2010, exhibitors at the show will be well positioned to make the most of the early shoots of any recovery.
The winners of the MTA’s TDI Awards have been revealed following the finals which took place on Wednesday at Yamazaki Mazak in Worcester. The annual competition organised by the Manufacturing Technologies Association aims to promote careers in engineering to school pupils by rewarding excellence in innovative GCSE and A level design and technology coursework projects.
UK School pupils taking part in a schools engineering competition are creating products which wouldn’t be out of place on TV’s Dragon’s Den. The annual TDI competition seeks out the most innovative school engineering projects. The Manufacturing Technologies Association (MTA) which organises the awards has been taken aback by the quality of entries to this year’s Technology Design Innovation Awards, a sure sign that engineering is starting to capture the imagination of UK youngsters.
The MTA's MACH exhibition is almost 50% sold with the final ballot still to take place on 29 April. The first two ballots for stand space concentrated solely on MTA members who have taken close to 12,000 m2.
The Manufacturing Technologies Association have asked the Government to support the industry as a key driver of a future balanced economy and not to penalise the industry for the failings of others. The plea came from the President of the Manufacturing Technologies Association, Bob Hunt, during his address to leading engineering firms, business leaders and politicians at the MTA’s Annual Dinner.
The Manufacturing Technologies Association (MTA) reacting to the Pre Budget Report (PBR) said that the size of the proposed borrowing required for the Government's plans would shock our members. The MTA believes we in the UK are paying the price of an economy that has been grossly imbalanced between the service and manufacturing sectors for over thirty years and there was nothing in yesterday's package from the Chancellor to change this in the future.
The Manufacturing Technologies Association (MTA) has welcomed the move by the Monetary Policy Committee of the Bank of England to cut interest rates by half a percentage point. This move which was co-ordinated with 5 other central banks, who also cut their rates by the same amount, and the Government's announcement of its plans to rescue the banking system will hopefully restore some much needed confidence into the economy.
The Manufacturing Technologies Association's (MTA's) latest forecasts show that the downturn is hitting the machine tool market in the UK. However, some of the end-user sectors are still showing good levels of activity and this is expected to temper the size of the downturn.