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Newsletter Listing intro for week 17

Welcome to the Friday Brief for 25 April 2014.

Congratulations to two of our members this week for winning Queen’s Awards for Enterprise. Winning one of these Awards recognises business achievement of the highest order and reflects the efforts of all within a company. On this occasion Renishaw Plc has received an Award in the Innovations category, while Vero Software Limited has received a Queen's Award in the International Trade category. We have a full story of both achievements in this week’s Friday Brief.
Released this week is the update to the UK Machine Tool Market Forecast which the MTA produced last October. The final months of 2013 saw a stronger than anticipated demand in the UK machine tool market. Members can download the full report from the link to the story in the Brief. Additionally, there is also the Spring 2014 issue of the Global Machine Tool Forecast available for members to download.
Photos of MACH 2014 including shots of the opening by Richard Noble OBE, the visits by Business Secretary Vince Cable and Labour MP Iain Wright together with more general pictures of the exhibition floors, seminar sessions and the education and training programme are now available from Eric Beech. Please email him at:  ebeech@mta.org.uk
Looking ahead to the TDI Challenge we have details of this competition for schools and colleges. Do remind your contacts in the education sector of this technology and design challenge as it does not involve students in additional work and provides an outstanding showcase for their ideas.
We have details of a conference on the Future of Manufacturing Design being organised by Brunel University. This focuses on the importance at the design stage of reducing energy consumption during manufacture and considering how to improve the recycling of a product at the end of its working life. There are also details of an Open Day coming up for employers at the AMRC in Sheffield and an Open House at CNC World in Dereham, Norfolk.
Have a good weekend.

CNC World Open Day

CNC World Open Day

CNC World will be hosting an Open House at its new demonstration showroom in Dereham, Norfolk on 7 and 8 May. On show will be the MultiCam 3000 Series Waterjet, the 1000 Series CNC Router and the MultiCam VPro Plasma machines.
Register to attend via: Tel:  01362 700434  or on email: info@cnc-world.co.uk
 

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

UK Company Profitability, 4th Quarter 2013:  Data from the Office for National Statistics (ONS) records that the net rate of return (the ratio of operating surpluses compared to capital employed) for manufacturing companies increased to 12.1% at the end of last year;  this was the highest rate since the 2nd period of 2008.  Although this is good news, there is just a note of caution that this series is susceptible to revisions and with a major change to some of the methodology for the national accounts coming later this year, there could be a significant change in this pict

Future of Manufacturing?

Future of Manufacturing?

With modern manufacturing increasingly moving towards re-use, re-cycling and re-manufacture, it is imperative a determination to reuse and recycle is built into the design process. To address the question ‘how is this to be done?’ Brunel University’s Innovative Manufacturing Collaborative Research Network (IMCRN) is hosting a one day seminar on Wednesday 7th May 2014.

2014 TDI Challenge is now open

2014 TDI Challenge is now open

The MTA’s TDI Challenge offers school and college students a unique opportunity to showcase their project work to an industry that relies upon the creativity and innovation of its designers and engineers. Entries are now open, so do make your education and training contacts aware of the competition.

UPDATED FORECAST FOR UK MACHINE TOOL MARKET

UPDATED FORECAST FOR UK MACHINE TOOL MARKET

As is customary at this time of year, we have commissioned Oxford Economics to update the forecast for the UK Machine Tool Market which we produced last October.  Since that forecast was compiled, we have seen a stronger end to 2013 than we had anticipated, for the UK Machine Tool Market, for some aspects of the customer industries and for the UK economy overall.  We expect these trends for the economy and the user industries to continue to be stronger than we had anticipated.