Graham Shearsmith, MTA Exhibition Manager commented, “We decided a definite MTA presence at Autosport would be useful to members looking to promote themselves to this specific sector of engineering. A number of F1 and motor racing teams are already using our members’ technology”.
Production is still growing (+9% expected in 2008) and should reach a volume of 24.7 billion € (22.7 billion € in 2007). The CECIMO members will have a leading 46% global market share in the production of machine tools (44% in 2007), well ahead of Japan (18%) and China (15%).
Graham Dewhurst, Director General of the MTA, commented:
"Today's actions by the Government and the Bank of England will inject some much needed confidence into the economy as a whole. In addition, any improvement in inter bank trading must also help increase the current shortage of leasing finance, which is creating a drag for investment in capital goods.
What stood out for MTA on its first look at this report were the following initiatives:
The development of a new Manufacturing Technology Centre in Coventry focused on the development and application of high integrity joining and fabrication, expertise in tooling, automation and operational performance with industrial scale pre-production and demonstration facilities.
Simon McVicker, MTA External Affairs Manager said; ""With the OECD forecasting that the UK will slip into recession in 2008 and with other key forecasters hinting the same it now seems that the MPC should shift its focus to stimulating growth in the economy as a priority. This dictates a cut in interest rates in October.
Sixteen projects made the final, including a fully-functioning, 3 metre long 'go kart' and, the 17-19 age group winner, a guitar with an integrated amplifier - designed and created by Jerome Roberts of St Marks Catholic School in Hounslow, Middlesex. The 15-16 age group was won by Tom Collier whose impressive bird feeder wowed the judges.
Referring to MACH the judges commented that the exhibition was able to present concrete figures which demonstrated that the exhibition was a great success, their website carries the following citation, "MACH is a big and established show and a very important part of the Manufacturing Technologies Association's services to members.
John Collins, MTA Business Development Manager commented, "Farnborough is the UK's largest airshow and in 2007 generated over £21bn of sales for exhibiting companies. In an aerospace market worth £20bn a year in the UK alone, MTA members play a key part in the industry supplying manufacturing technologies to multi-billion pound global companies."