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.
Industry and Policymakers must collaborate to maximise the benefits of Investment Zones — report
Britain’s manufacturers are set to unlock tax and grant incentives if they embrace Investment Zones, established to drive enterprise growth, innovation and the creation of high-quality new jobs.
A new report published today by Make UK and Barclays Corporate Banking, Investment Zones: Unlocking Growth in the UK, indicates that the sector backs the Chancellor’s decision to extend the fiscal benefits of Investment Zones from five to 10 years and say that it makes the scheme much more attractive for UK companies. More via The Manufacturer
Eager for Economic Wins, Biden to Announce Billions for Advanced Chips
The Biden administration, eager to highlight a signature economic initiative as elections approach, is expected to award billions of dollars in subsidies to Intel, Taiwan Semiconductor Manufacturing Co., or TSMC, and other top semiconductor companies in coming weeks to help build new factories.
The grants are part of the $53bn Chips Act, intended to reshore production of advanced microchips and fend off China, which is fast developing its own chip industry. More via Wall Street Journal
Additive Manufacturing UK raises its concerns over the discovery of 3D printed firearms in Scotland
Additive Manufacturing UK has raised concerns following reports that 3D printed guns have been uncovered in Scotland. More via The Manufacturer
Airbus partners with Tata Group to set up India’s first helicopter Final Assembly Line in the private sector
In a major boost to ‘Make in India’, Airbus Helicopters has announced that it is partnering with the Tata Group to establish a Final Assembly Line (FAL) for helicopters in the country. The FAL will produce Airbus’ best-selling H125 helicopter from its civil range for India and export to some of the neighbouring countries. More via Airbus
Hampshire manufacturing business Formaplex saved but 171 jobs lost
A Hampshire business has been pulled back from the brink – but at the expense of 171 jobs.
Manufacturing company Formaplex – which has four sites in Portsmouth, Cosham, Horndean and Havant – appointed administrators last week.
But following successful efforts to ‘rightsize the business’, the Portsmouth company specialising in composites and carbon fibre manufacturing solutions will recommence trading. More via Southern Daily Echo
JM Smucker Says Goodbye To Knott’s Berry Farm Brand
It’s the literal end of an era for the 100-year-old Knott’s Berry Farm jam brand. J.M. Smucker, the manufacturer of the brand since 2008 has decided to drop the line from its range of food and beverage products that include Smucker jams, a handful of peanut butter brands, teas and coffees, and a variety of pet products. More via Yahoo! Life
Bentley Blower Jnr to premiere in Europe at Retromobile classic event
Bentley Motors will showcase the road-legal, 85 per cent scale recreation of the British brand’s most iconic car at the Retromobile classic event in Paris. The European debut of the hand-crafted ‘Blower Jnr’ follows a unique collaboration between Bentley’s own Heritage Collection and The Little Car Company of Oxfordshire. More via Bentley Motors
