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Friday Brief

Good morning and welcome to this week’s Friday Brief.

This week we have a report from MTA CEO James Selka on his visit to IMTEX 2017 out in Bangalore, India last week. James reports on a vibrant show with plenty of opportunities available for British manufacturers.  If you are interested in opportunities to go to India and attend IMTEX in the future please contact the MTA’s Head of Events James Fudge at jfudge@mta.org.uk.

You can also read what the Industrial Strategy Green Paper means for MTA members and how the association will be engaging with the consultation on it. If you would like to contribute to the MTA’s policy making process on this please contact Paul O’Donnell Head of External Affairs podonnell@mta.org.uk.

Congratulations once again from everyone at the MTA to Board member Dr Tony Bannan, Chief Executive Officer of Rochdale-based Precision Technologies Group (PTG), on being appointed an Officer of the Order of the British Empire in the Queen’s Birthday Honours List 2016. Tony received his award from HRH the Prince of Wales last week.

NIKKEN Kosakusho Europe are pleased to announce their “Beyond Innovation” series of Industry Events for 2017, beginning on 7th-9th February. The first event is scheduled to be a three-day open house focussed on pushing the boundaries of machining in the Automotive and Motorsport sectors. Find out how to attend this event in the story below.

Dormer Pramet has thrown its support behind the training of the UK’s next generation of engineers. The global cutting tool manufacturer and MTA member has become a patron of the Manufacturing Technology Centre’s state-of-the-art training centre - the Lloyds Bank Advanced Manufacturing Training Centre (AMTC).

The MTA business survey for January 2017 is now open and we’d really appreciate if members could take the time to fill it in here www.mta.org.uk/mta-business-survey-jan17.

There was generally good news from the Purchasing Managers (PMI) data published this week with most countries growing and/or at a high level; the UK saw a marginal reduction compared to December 2016, but at 55.9 this remains a very strong number, with output growth particularly high.  This week’s meeting of the MPC was accompanied by the latest Inflation Report in which, while there was little change to the expected profile for inflation (growing to a peak of +2.8% in the first half of 2018), the Bank of England upgraded its forecast for the UK economy for 2017 to +2.0% (which would match the current estimate for 2016).  There was further good news from the European Commission’s economic confidence data which showed a small improvement (although not for the UK) and manufacturing capacity utilisation rates edged up - the UK did share in this trend.  Finally, data from Eurostat economic growth in Europe slowed slightly in 2016 (compared to 2015), but we don’t get the country-by-country figures for a couple of weeks.

That’s all for this week, we’ll be back next Friday with more industry news, until then have a great weekend from everyone at the MTA. 

IMTEX 2017

IMTEX 2017

Last week MTA CEO James Selka was out in India at IMTEX 2017 representing the association and the UK . IMTEX is the largest exhibition of metal-cutting machine tools and manufacturing solutions in South and South-East Asia. IMTEX 2017 showcased the exhaustive range of innovations and technological refinements in the complete product segment of metal-cutting machine tools.

Industrial Strategy and the MTA

MTA Logo
Industrial Strategy and the MTA

Last week saw the publication of the Government’s new Green (consultative) Paper on Industrial Strategy. Industrial Strategy has been up and down the policy agenda for nearly ten years - ever since the financial crisis led politicians to start thinking about some questions about the role of the state in the economy which had lain dormant through the years of de-industrialisation.

OBE FOR PTG’S CHIEF EXECUTIVE OFFICER

OBE FOR PTG’S CHIEF EXECUTIVE OFFICER

Everyone at the MTA would like to congratulate our Board member Dr Tony Bannan, Chief Executive Officer of Rochdale-based Precision Technologies Group (PTG), on his receiving the award of Officer of the Order of the British Empire from HRH Prince Charles last week. Tony was appointed OBE in recognition his services to the UK economy, international trade and inward investment in the Queen’s Birthday Honours List 2016.

NIKKEN 2017 Open House Series - Beyond Innovation, 7th-9th February

NIKKEN 2017 Open House Series - Beyond Innovation, 7th-9th February

NIKKEN Kosakusho Europe are pleased to announce their “Beyond Innovation” series of Industry Events for 2017, beginning on 7th-9th February.

The first event is scheduled to be a three-day open house focussed on pushing the boundaries of machining in the Automotive and Motorsport sectors. It has been proven that NIKKEN technologies provide a huge competitive advantage and these three days will leave visitors in no doubt that they will have witnessed the next generation of high performance machining techniques.

BACKING FUTURE ENGINEERS

BACKING FUTURE ENGINEERS

Dormer Pramet has thrown its support behind the training of the UK’s next generation of engineers.

The global cutting tool manufacturer has become a patron of the Manufacturing Technology Centre’s state-of-the-art training centre - the Lloyds Bank Advanced Manufacturing Training Centre (AMTC).

As part of the agreement, Dormer Pramet will provide a wide assortment of round and indexable tools, product support material, literature and advice to the Coventry-based centre over the next three years.

Be Business Ready – the 4IR journey – evolving your business

Be Business Ready – the 4IR journey – evolving your business

Only 11% of manufacturers think the UK manufacturing sector is geared up to take advantage of 4IR.

Our webinars are designed to give you greater understanding of the challenges and benefits 4IR will bring, as well as insight from our experts to help you prepare and be business ready.

Join us for our second webinar on the 4IR journey – evolving your business, as we discuss the solutions and practices manufacturers are implementing now to remain competitive and grow in the digital future.

Webinar content:

MTA BUSINESS SURVEY

Survey
MTA BUSINESS SURVEY

The MTA Business Survey provides a valuable indicator of the health (or otherwise) of the manufacturing technology sector, but this does rely on input from our members.  The survey covering January is now open - you can access the on-line form at www.mta.org.uk/mta-business-survey-jan17 - and this message is both a prompt to our regular participants to let us have your figures and an encouragement to those who have not taken part before to start - perhaps this could be your “business new year’s resolution”!

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, January 2017:  The Purchasing Managers Index (PMI) for the UK manufacturing sector edged down compared to the 2½ year record level that we saw in December, but it remains at a high level and it would be very harsh to treat the reading of 55.9 as anything other than positive.  Indeed, the report from IHS Markit (who compile this data) notes that output growth was at a 32-month high in January, although they also note that input price inflation was at its fastest rate in the 25-year history of the survey.  There was solid growth in new orders, although