Good afternoon and welcome to this week’s Friday Brief.
We are sad to announce a well-respected champion of the metalforming machinery sector, Charles Ian Ridgway has passed away aged 87. Mr Ridgway, who went by his middle name of Ian, was Chairman of Group Rhodes, a company he grew from the management buy-out of Joseph Rhodes Limited in 1984. View the story below to read more about his long career in our sector.
In other MTA news this week, we would like to welcome a new member to the MTA Board. Lynn Kerfoot has been the director at Newland Engineering for 16 years and we are very excited to announce her acceptance to join the Board representing the interests of technology users and EIA Members. Please view the story to find out more.
Members have been invited to the “International Conference on Additive Manufacturing” organised by CECIMO and taking place during EMO Milan. The conference provides a unique forum for discussion on the latest developments in the Additive Manufacturing (AM) sector, especially its hybrid solutions in the post-covid era. If this is something your business would be interested in, register through the link in the story below.
In further CECIMO news, they have organized the second round of their European Additive Manufacturing Survey, which aims to assess key market trends in the Additive Manufacturing (AM) sector. The survey aims to collect quality data directly from the industry and help companies outline a European overview of the main trends in the AM market. Check out more details on the survey in the story.
Now for some pandemic related news. To make sure you have everything covered and you’re on the right side of the law, the HR & Employment Law experts of our partner, Citation, have created an exclusive new guide, covering the essential considerations employers must make before implementing any testing policy in their business. Find more about the questions discussed in the guide below. Citation also have a second guide out that covers managing employees who must self-isolate, who has to self-isolate and who is exempt from self-isolation, what processes you should follow for each individual case, conducting return to work interviews, information on SSIP, fit notes, and more. Please download the guide below.
We hope you were able to make the MTA webinar last Tuesday hosted by ForrestBrown regarding the new era for R&D tax relief: Vital funding to secure your competitive advantage. However, if you missed it, a recording of the whole webinar is available in the story. Take a look if you couldn’t make it on Tuesday.
There are three parts to the economic news this week, headlined by the bullish but in part confusing results of the CBI Industrial Trends Survey. It highlights strong trends for both output and orders with the former apparently led by the automotive and transport equipment sector despite the well-publicised problems with the supply of electronic components. However, both investment intentions and capacity utilisation are up.
We also have the flash PMI data for the UK and Euro-zone (the US data is out later today and Japan’s on Monday) with both seeing a reduction in the reading for the manufacturing sector although this is still pointing to a significant expansion in activity (we also attempt to explain how to interpret the PMI data, so have a look at the item below if you follow this indicator). Our final economic news item this week is the data for May for the US market; this is showing a strong recovery in demand for machinery but although improving, not quite the same strength of demand for cutting tools - click on the story below for more details.
This week we have published the 2021 edition of our Basic Facts booklet. This is only an electronic document at the moment, although we will be printing copies later in the year when we have some data updates to include. You can download a copy from the story below or at https://www.mta.org.uk/news/press-release/basic-facts-2021.
That’s all for this week. Have a great weekend and we’ll be back again next Friday