Manufacturing news
May 2008
Airbus boosts EADS profits
EADS has achieved a substantial profit for the first quarter of 2008 thanks to the success of its aircraft manufacturing unit Airbus.
15 May 2008 9:48
Bombardier joins greener aircraft wing scheme
Bombardier Aerospace in Belfast has invested almost £9 million (including government support) in a research and development scheme aiming to make aircraft more environmentally friendly.
15 May 2008 10:03
GE looking to sell appliances business?
Suggestions have come to light that General Electric (GE) may be looking to sell off its appliances unit.
15 May 2008 13:54
VT confident MoD contract is “imminent”
Chief executive of VT Group Paul Lester has said he is confident that the long-awaited Royal Navy aircraft carrier deal is “imminent”.
15 May 2008 10:30
China joins aerospace ranks
China has begun commercial aeroplane manufacture to reduce its reliance upon firms such as Boeing and Airbus.
12 May 2008 9:34
Renault and Nissan in low cost car venture
Nissan and Renault have joined forces with Indian firm Bajaj Auto to produce a new low cost car that is hoped to rival Tata’s Nano model.
12 May 2008 16:18
Diageo to build new Dublin brewery
Diageo is to make its largest ever capital investment – totalling £514.7 million (650 million euros, $1 billion) – in its Irish beer business.
09 May 2008 10:25
Bombardier invests £70 million in Belfast
Bombardier Aerospace is to make a massive £70 million investment in its Belfast aircraft manufacturing facility.
08 May 2008 12:05
Enodis acquired by US firm
UK kitchen equipment manufacturer Enodis has agreed to be bought by Illinois Tool Works (ITW) for £1 billion cash.
08 May 2008 16:29
Inbev sees surprise profit fall
Inbev, the world’s largest brewer by volume, has reported an 11 per cent fall in profits, despite a 4.8 per cent increase in sales.
08 May 2008 15:58
Longbridge to resume production
The automotive manufacturing plant in Longbridge, which had been closed down in April 2005 following the collapse of MG Rover, is to resume operations thanks to Chinese owners Nanjing.
08 May 2008 12:50
BAE chairman calls for SFO inquiry review
BAE Systems is pushing for a review of the Serious Fraud Office’s (SFO) abandoned investigation into allegations that the company entered into a fraudulent arms deal with Saudi Arabia.
07 May 2008 9:53
Strong currency sees profit rise for BAT
British American Tobacco (BAT) has beaten first quarter profit expectations thanks to strong currency exchange rates and improved pricing.
07 May 2008 11:03