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

Posted on 25 Jul 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.

Close Brothers cements commitment to apprenticeships with AMRC Training Centre

A partnership between Close Brothers and the University of Sheffield AMRC Training Centre has further cemented a commitment to supporting apprentices and SMEs, helping businesses secure sustainable growth to build an engineering workforce for the future. Find out more on The Manufacturer

Bentley donates over 150 grants to good causes as part of new UK community investment strategy

Bentley has introduced a new community investment programme as part of the company’s Beyond100 strategy called Advancing Life Chances (ALC). This new strategy, developed in partnership with the Charities Aid Foundation (CAF), allows the company to expand its community investment footprint to a national level. As part of this, Bentley launched the Small Grants Programme in November 2022 and, to date, has donated over 150 small grants nationally and seeks to donate over 250 by the end of the year. In addition, two further new schemes dedicated to Bentley’s home in Crewe have been announced. Find out more on Bentley Motors

Germany readies €20bn in aid to bolster chip output

German Chancellor Olaf Scholz’s government plans to dole out €20bn ($22bn) to bolster semiconductor manufacturing in Germany in a push to shore up the country’s tech sector and secure supplies of critical components amid growing geopolitical tension.

The money is to be distributed to German and international companies by 2027 and will be drawn from the Climate and Transformation Fund, according to people involved in the negotiations. Find out more on Bloomberg

NMITE confirms its new degree awarding powers

NMITE, New Model Institute for Technology & Engineering, has confirmed it has received its New Degree Awarding Powers from the Office for Students, having successfully completed the assessment process describing this as “perfect timing” with its first (Pioneer) cohort graduating next year (2024). Find out more on The Manufacturer

Spirit Air signs LOI to acquire six new BN2T-4S Britten-Norman Islander aircraft

India-based domestic commuter airline Spirit Air has signed a Letter of Intent for the purchase of 6 factory new BN2T-4S turboprop Islander aircraft from UK aircraft manufacturer, Britten-Norman.

Whilst its new fleet of aircraft are being built at Britten-Norman’s newly established UK facility, Spirit Air will initially take delivery of 4 fully factory refurbished BN2T-4S Islanders to enable it to advance its entry into service. Find out more on Britten-Norman

IBM report: Half of breached organisations unwilling to increase security spend despite soaring breach costs

IBM Security has released its annual Cost of a Data Breach Report, showing the global average cost of a data breach reached $4.45m in 2023 – an all-time high for the report and a 15% increase over the last three years. Detection and escalation costs jumped 42% over this same time frame, representing the highest portion of breach costs, and indicating a shift towards more complex breach investigations. Find out more on IBM

Marco Ghirardello announced as new president and CEO of FANUC Europe

FANUC Europe Corporation has announced the appointment of Marco Ghirardello as the new President and CEO.

Ghirardello succeeds Shinichi Tanzawa, who has been leading the company since 2016 and will return to FANUC Headquarter for a new assignment. Find out more on The Manufacturer

Fudge Kitchen marks a decade operating advanced UK facilities

UK confectionery manufacturer Fudge Kitchen has marked the tenth year of operating its advanced production facilities, as the business continues to celebrate its 40th anniversary, reports Neill Barston.

The company, which has its manufacturing base at Aylesham near Canterbury, Kent, has seen its operations steadily increase through the decades. Find out more on Confectionary Production