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

Posted on 18 Aug 2023 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.

The Manufacturer MX Awards 2023 finalists announced

Over 50 of Britain’s top manufacturing companies have made it through to the finals of the UK’s largest and most rigorous industry awards programme. Delivered by The Manufacturer in partnership with the Institution of Mechanical Engineers (IMechE), The Manufacturer MX Awards (TMMX Awards) exist to encourage, benchmark, and celebrate manufacturing excellence, with every stage of the programme providing value for participants, whatever their excellence maturity. Find out more at The Manufacturer

BAE Systems announces proposed acquisition of Ball Aerospace

BAE Systems plc has announced that it has entered into a definitive Stock Purchase Agreement to acquire the Ball Aerospace business from Ball Corporation for c.$5.55bn in cash, subject to customary closing adjustments. The proposed stock transaction will be treated as an asset purchase for federal tax purposes, with an expected net present value tax benefit of c.$750m making the underlying economic consideration for the business c.$4.8bn. Find out more at BAE Systems

A-level results signal a boost for UK manufacturing

Students around the country are opening A-level, T-level and BTec results. And early signs from today’s results announcement looks positive for the manufacturing sector. Find out more at The Manufacturer

Hydrogen equipment maker ITM hails ‘tangible progress’ on recovery

UK hydrogen equipment maker ITM Power said it was making “tangible progress” on its turnaround as it posted annual revenues that beat expectations following a string of profit warnings in the past 12 months.

The Sheffield-based manufacturer of electrolysers used to produce green hydrogen, which is central to global ambitions to cut carbon emissions, generated revenue of £5.2m in the year to the end of April, ahead of guidance of £2m. Find out more at Financial Times

Programme to boost West Midlands manufacturing SMEs launched

MTC Training, the training wing of the Coventry-based Manufacturing Technology Centre (MTC), has secured funding from the West Midlands Combined Authority to deliver a new training course that will improve the efficiency of manufacturing businesses across the region.

The Skills Bootcamp Manufacturing Efficiency programme, supported by Lloyds Bank, aims to help managers and leaders looking to upskill and optimise their organisation’s processes and output with its combination of face-to-face training, self-study and online and remote learning. Find out more at Production Engineering Solutions

Siemens supports Indivior with automated plant in Hull

Global pharmaceutical manufacturer, Indivior, has extended its partnership with Siemens with a new agreement to help create an automated Active Pharmaceutical Ingredient (API) manufacturing facility at its UK base in Hull.

The work is part of a long-standing partnership between the businesses that has helped Indivior transform processes while also supporting its ongoing efforts to enhance team health and safety. Find out more at The Manufacturer

AMS receives Innovate UK funding to further aerospace recycling for Additive Manufacturing

The ‘Recycling and Reuse of Aerospace Materials for Additive Manufacturing’ (R2AM2) project from Additive Manufacturing Solutions (AMS), Burscough, West Lancashire, UK, has received funding from Innovate UK to explore the potential for recycling parts into feedstock for metal Additive Manufacturing as well as the processability and final part performance of recycled AM production. Find out more at Metal AM