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Industry Focus

Advanced Manufacturing is a dynamic, globalised, sector which is constantly evolving. Much of that evolution is as a consequence of technological change which is happening at a faster rate than ever before. Manufacturing Technology that change right across sectors and in companies of all sizes. The MTA exists to help its members transform the manufacturing world.

The Bank of England’s Monetary Policy Committee (MPC) voted 6-3 to increase interest rates by 25 points to 1.0%.  This was not unexpected and it is worth noting that the 3 dissenters actually wanted an even larger increase of 50 basis points.  The debate among economists generally is now two-fold;  to what extent is raising interest rates effective in countering inflation that is driven largely by external factors and whether any further rate rises are likely.

Because of national holidays in various places, the manufacturing Purchasing Managers’ Index (PMI) data has been published over most of this week;  as a result, the Global PMI compiled by J P Morgan using the data from S&P Global was not complete when it was released on Monday showing a further fall to 52.2.  This is the lowest figure since August 2020 with the downturn led by China as tighter Covid restriction there held back output.

The use of industrial digital technologies (IDTs) is gathering pace across the manufacturing sector – but what are the drivers of and the impediments to their adoption?

TJM Capital, a private equity investment firm focusing on lower and middle-market growth businesses has purchased the Machine Tool Solutions Division of the UK’s 600 Group. This acquisition includes Colchester Machine Tool Solutions, with offices in the UK, Germany, and Australia, and Clausing Industrial, Inc., headquartered in Michigan. “The Machine Tool Solutions Division is a perfect fit with our growth strategy,” according to TJM Chairman Tom McDonough.

Croner would like to invite you to attend our complimentary event exclusively for local association members at 2:00pm on Tuesday 28th June 2022.

Join our expert HR and health & safety speaker from Croner and learn how to simplify the toughest challenges of working in HR. Tackle nasty grievances and disciplinaries head-on, shield your business from the ugly and time-consuming tribunal claims, and boost productivity and efficiency.

Measurement Strategy – What to do with measurement data to help inform your business decisions?

Your products, services and capabilities could create great opportunities in aerospace and adjacent advanced engineering or manufacturing markets. If you are an SME in the Midlands looking to innovate, enhance productivity, diversify or grow in aerospace or beyond, help is on hand.

The Department for Business, Energy and Industrial Strategy (BEIS) has a new director of advanced manufacturing, the change coming at a critical time for the sector.

The government has lifted all tariffs on goods from Ukraine, part of broad UK economic support, including £1bn in loan guarantees.

Imposed on Russia is a new export ban on products and technology that “could be used to repress the people of Ukraine”.  That “could include interception and monitoring equipment”.  Import bans have been imposed on silver, wood products and high-end products from Russia such as caviar.

Engineers from companies across the West Midlands are being asked to sign up to help develop and deliver a new project for primary schools, funded by the Royal Academy of Engineering.