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

Posted on 7 May 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.

Fit for a king: Manufacturers among King’s Awards winners

The winners of this year’s King’s Awards for Enterprise were announced yesterday and some of the UK’s best manufacturers were among those who were recognised.

Previously known as The Queen’s Awards for Enterprise, the awards are for outstanding achievement by UK businesses across four categories: innovation, international trade, sustainable development and promoting opportunity through social mobility. More via The Manufacturer

CCEP finance chief to join Diageo

UK-based drinks giant Diageo has appointed Coca-Cola Europacific Partners (CCEP) CFO Nik Jhangiani as its financial chief.

Jhangiani will move into the new role “later this year”, according to a statement, staying on at CCEP until a suitable successor is found. More via Just Drinks

UK Infrastructure Bank backs Bathgate battery producer with £25m

The UK Infrastructure Bank has made a £25m direct equity investment into Invinity Energy Systems, a Bathgate-based manufacturer of vanadium flow batteries, to support the commercial development of longer-duration energy storage.

The financing forms the cornerstone of a £56m fundraise, which also included £3m from Korean Investment Partners through an investment fund, a placing with UK institutional investors to raise a minimum of £22m via an accelerated bookbuild, and an open offer to all qualifying shareholders to raise a further £6.6m. More via insider.co.uk

ERIKS receives 2500 applications for apprenticeship programme

ERIKS has received 2500 applications to its expanded apprenticeship programme in just its second year. This response not only reflects ERIKS’ commitment to fostering a new generation of engineers to help meet its customers’ needs for specialist technical help but is much needed positive news in the UK’s long struggle to attract young people towards engineering careers. More via The Manufacturer

India’s IndiGo orders 30 Airbus A350 widebody aircraft

IndiGo, India’s largest airline, has placed a firm order for 30 Airbus A350-900 aircraft. The order will help expand IndiGo’s international network to long-haul destinations.

India, the world’s fastest growing major aviation market, is on the verge of an international travel boom as the economy grows and household incomes rise. The A350 is perfectly positioned to serve the country’s aspirations for long-range travel. More via Airbus

Bentley’s dynamic driving simulator promises a more sustainable future

Bentley Motors has announced the company’s new Compact Full Spectrum Driving Simulator, to be installed at its Dream Factory in Crewe where every Bentley is crafted by hand.

The innovative driving simulator offers a more sustainable alternative to physical testing for development of vehicle comfort and will dramatically cut the number of real-world road miles Bentley engineers will cover in order to test the world’s most sought-after luxury cars. More via The Manufacturer