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Friday Brief Archive

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Friday Brief

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

Yesterday saw MTA members gather at Yamazaki Mazak in Worcester for the MTA’s annual Economic Forecast Seminar. Producing forecasts for our members is a major part of what the MTA can offer its members. We work with the world-renowned economics consultancy Oxford Economics to derive numbers that enable companies to forecast what future demand might be in the key markets of Machine Tools, which reflect investment, and Cutting Tools, which reflect output.

The seminar gives MTA members the opportunity to hear the projections presented and to question the experts that put them together. This year they heard form Adrian Cooper, Oxford Economics’ CEO, Jeremy Leonard, Global Director of Industry Services, and Geoff Noon the MTA’s very own Statistician. You can read more about the Seminar and access all the papers through the story below.

Its been an eventful week in Brexit and it’s not over yet. The deal that has now been agreed between the PM and the EU will go to the House of Commons on Saturday. If that passes we will leave the EU on the 31st of October, but almost nothing will change because the Transition period will kick in – for at least a year. If on the other hand it fails to pass – and for most of those who rejected the May deal in March this Deal looks worse - the Government’s position is that the UK will leave on the 31st October. The Benn act says otherwise but preparing for a No Deal is still a sensible course for Businesses to take. To help with that the CBI, with whom the MTA has worked closely on Brexit, has produced an online No Deal Preparations hub. You can visit it here.  It aims to help you understand the impact of No Deal on your Business and ask yourself the right questions.

In other economic news this week, there is a glimmer of hope in the European industrial output figures which were modestly positive in August, although this is a volatile series and the levels are still below where they were a year ago.  In the August 2019 figures, the capital goods industries were the best performing of the sub-sectors of industrial production which, if sustained over the next few months, would see an improvement in the European markets.  Data from the USA shows that growth in machine tool orders continues to ease at a significant pace, but this time last year saw some spectacular results, so this is not unexpected, and, on a historical comparison, the levels of business remain at a good level.  The cutting tool market there appears to have flattened off, although again at a high level. 

As you may recall, the MTA sponsor our member, the University of Wolverhampton’s, Racing Team. We have an update from their September activities below. Staying with MTA members, Renishaw are recruiting 70 graduates for its 2020 intake. The company has also created new programmes for its software and manufacturing engineering streams, extending the opportunities it offers to graduates from a range of engineering disciplines. Find out more in the story below.

In other members’ news, LK Metrology are hosting an ‘Ask The Experts’ day on Wednesday 13th November at their manufacturing site near East Midlands Airport, Derby. The event will showcase a range of metrology equipment from LK Metrology and other suppliers. LK Metrology will also be launching their new ALTERA C compact CMM at this event. If you would like to attend, please see the story below for further details and how to register.

Trade expert Namali Mackay is presenting Brexit readiness seminars for the SMMT, which may be of interest, especially to firms in the automotive supply chain. Details of the events can be found in the story below.

A new research paper from Siemens Financial Services (SFS) says innovative Energy-as-a-Service solutions can help UK manufacturers save up £5.6 billion over the next five years, including £954m in savings for the chemical manufacturing sector and £800m in for the Food and Drink sector. Full details can be found within the Brief.

Industrialists across the Sheffield City Region are holding back on investment in productivity-improving technologies such as robotics and automation because of poor access to funding, skills and hands-on ‘demonstrators’, according to a new report published by researchers at the University of Sheffield in collaboration with the Advanced Manufacturing Research Centre (AMRC).

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

FORECAST SEMINAR

FORECAST SEMINAR

Yesterday saw MTA members gather at Yamazaki Mazak in Worcester for the MTA’s annual Economic Forecast Seminar. Producing forecasts for our members is a major part of what the MTA can offer its members. We work with the world-renowned economics consultancy Oxford Economics to derive numbers that enable companies to forecast what future demand might be in the key markets of Machine Tools, which reflect investment, and Cutting Tools, which reflect output.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

European Industrial Production, August 2019:  Data published by Eurostat shows that total industrial production (seasonally adjusted) in the Euro-zone increased by +0.4% compared to July, while the EU28 saw growth of only +0.1%.  The largest component of industrial production is manufacturing but this also includes the extraction industries (mining, quarrying and oil/gas) and utilities (electricity, water, etc.).  Compared to August 2018, total industrial production fell by -2.8% in the Euro-zone and by -2.0% in the EU28.

University of Wolverhampton Racing - September Update

University of Wolverhampton Racing - September Update

Congratulations to Tony Hirst and the AR Morgan Challenge team for winning the AR Motorsport trophy, the Morgan Challenge Trophy and the Class S Championship!

Snetterton smiles on the Racing Wolves’ Morgan Team

It came down to the last race of the season for Tony Hirst and the Racing Wolves’ Morgan team, but by the end of an intoxicating Saturday of highs and lows, they emerged victorious, not only in Class S, but also holding the AR Motorsport Trophy and the Morgan Challenge Trophy.

Renishaw recruits for new graduate intake

Renishaw recruits for new graduate intake

MTA member Renishaw is recruiting 70 graduates for its 2020 intake. The company has also created new programmes for its software and manufacturing engineering streams, extending the opportunities it offers to graduates from a range of engineering disciplines. Applications are now open until November 1st 2019. To apply for a graduate scheme at Renishaw, visit www.renishaw.com/graduates.

Manufacturers are taking control of energy saving with Energy-as-a-Service

Manufacturers are taking control of energy saving with Energy-as-a-Service

A new research paper from Siemens Financial Services (SFS) says innovative Energy-as-a-Service solutions can help UK manufacturers save up £5.6 billion over the next five years, including £954m in savings for the chemical manufacturing sector and £800m in for the Food and Drink sector.

The report, entitled ‘Future Savings – Current Gain’, estimates that by partnering with a trusted vendor to deliver energy savings, some manufacturing sites could reduce their costs and deliver energy saving by 25-40%.

Digital Meet Manufacturing is critical to economic success

Digital Meet Manufacturing is critical to economic success

Industrialists across the Sheffield City Region are holding back on investment in productivity-improving technologies such as robotics and automation because of poor access to funding, skills and hands-on ‘demonstrators’, according to a new report published by researchers at the University of Sheffield in collaboration with the Advanced Manufacturing Research Centre (AMRC).

LK Metrology ‘Ask The Experts’ Open Day

LK Metrology ‘Ask The Experts’ Open Day

Ask The Experts open day

Wednesday, 13th November, 2019

On Wednesday 13th November 2019 LK Metrology are hosting an ‘Ask The Experts’ open day to showcase a range of metrology equipment from various suppliers as well as LK Metrology’s own range of CMMs.

Companies on display

A key objective of the day is to allow visitors a chance to see a range of metrology equipment from a variety of suppliers. Companies attending are;