Daily Manufacturing News Digest – the industry stories you should be aware of today

Posted on 7 Mar 2024 by The Manufacturer

Each day The Manufacturer compiles the top manufacturing news stories from around the web. To make your life a little easier, we trawl through all the major trade publications, broadsheets and business magazines to find you the most important manufacturing news each morning. Don't forget to bookmark this page and check back daily.

Manufacturers give their reaction to the latest Budget announcement

In today’s budget, the last before the expected General Election later this year, the Chancellor Jeremy Hunt outlined further commitment to the manufacturing sector, including an investment of £360m in manufacturing and R&D. The funding will go into British manufacturing and research and development (R&D), following the launch of the Advanced Manufacturing Plan in November last year.

But how did UK manufacturing react to the Chancellor’s plans? More via The Manufacturer

New £450m vaccine manufacturing hub announced in Budget

A £450m vaccine manufacturing hub is set to be built in the north west of England, the chancellor has announced.

Jeremy Hunt said in his Budget speech that AstraZeneca planned to invest the £450m in Speke in Liverpool as part of a total investment of £650m in the UK.

The Treasury said the investment was dependent on “mutual agreement with the UK government and third parties”. More via BBC News

New innovation centre for Rochdale represents ‘a BIG BANG for regional economic prosperity’

Plans for a new innovation centre set to turbo charge the local economy and bring millions of pounds of investment to Rochdale and the wider region were revealed to North West business leaders at a launch event on 6 March 2024 at Rochdale Town Hall.

Located on the Atom Valley site, which is already slated to bring 20,000 new highly skilled roles within world-class businesses, the Centre of Expertise in Advanced Materials and Sustainability (CEAMS) will focus on providing state-of-the-art green manufacturing solutions. More via The Manufacturer

‘Good news’ for jobs as American manufacturers unveil big plans for Newport Wafer Fab

American manufacturing company Vishay Intertechnology has confirmed its acquisition of Newport Wafer Fab for approximately £139m ($177m).

The 28-acre site in Duffryn is the largest semiconductor plant in the UK with the capacity to produce more than 30,000 chip wafers per month.

Vishay wants the facility to become a “manufacturing excellence centre” focusing on decarbonisation and electrification. More via Yahoo! News

Dame Helen Mirren presented with Barbie doll of herself by manufacturer Mattel

Actress Dame Helen, 78, has been chosen as a UK Barbie role model by the toy’s maker as they honour a number of famous women from around the world. More via Sky News

US investor targets Britain’s ‘nuclear triangle’ for mini-nuke factory

A US maker of small modular reactors (SMRs) is targeting the “nuclear triangle” in the North of England for a new factory which will build and export mini-nukes.

Holtec is leading a consortium of investors that includes South Korea’s Hyundai planning to build two SMRs a year from the early 2030s. More via The Telegraph

BCGA completes major revision of key safety code for the manufacturing sector

New safety guidance, produced by The British Compressed Gases Association with the Department for Transport for use by the manufacturing sector, has been published.

Code of Practice 50, ‘The Carriage of Gas Cylinders On Vehicles’ has been brought completely up-to-date by the trade body, to include the latest information and guidance for the industry. More via The Manufacturer