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

Posted on 31 May 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.

IAG Cargo launches state of the art, semi-automated cargo handling facility at London Heathrow

IAG Cargo, the cargo division of International Airlines Group (IAG), today celebrates the official opening of its new cargo handling facility, New Premia at key international hub, London Heathrow.

New Premia will serve as IAG Cargo’s new home for handling premium loose shipments, enabling double the amount of cargo to be managed daily. Read more via The Manufacturer

New opportunities for trade and investment with Australia and New Zealand trade deals

This week marks the entry into force of the UK trade agreements with Australia and New Zealand – the first entirely new trade deals which the UK has negotiated with key trading partners in the post-Brexit era. It is fitting that countries with whom we share much common history and values offer much for business growth through these new deals. By 2035, the Australia deal could benefit the economy by £2.3bn per year, and the New Zealand deal by £0.8bn per year over the long-term, with benefits likely across the UK. Read more via British Chambers of Commerce

Britvic partners with wellbeing charity, Bounce Forward, to help children build mental resilience

Britvic has announced that it will be working with wellbeing charity, Bounce Forward, to help students with their emotional wellbeing and mental resilience, in a multi-year funding partnership.

As part of the partnership between Britvic and Bounce Forward, Britvic employees have nominated almost 150 schools in their communities to receive fully funded support from Bounce Forward to help children with their mental resilience and emotional wellbeing. Read more via Britvic

Goodfellow Cambridge pushes the next frontier with £1m opportunity at Space-Comm Expo

Helping companies and agencies push the boundaries of space exploration and ‘in-space’ production is driving a major new opportunity for Goodfellow Cambridge.

The specialist supplier of materials and metals has seen interest in its range grow over 300 per cent in the last three years, driven by a need for lighter and smaller components for use in satellites, robotic arms, telescopes, and the Cassini-Huygens probe that was used to study the planet Saturn and its environment. Read more via The Manufacturer

China foreign minister meets with Elon Musk in Beijing – Reuters

China will create a better market-oriented business environment for enterprises from all countries, including Tesla, China’s foreign minister Qin Gang said during a meeting with Tesla’s Elon Musk on Tuesday.

China will continue to unswervingly promote high-level opening-up and strive to create a better international business environment, Qin told Musk, according to a statement from the Chinese foreign ministry.

Controversial new manufacturing facility nodded through by North Ayrshire Council planning chiefs

The green light has been given for the construction of a major new manufacturing facility – despite strong concerns from community campaigners.

The facility will involve the erection of a high voltage cable manufacturing facility with associated factories, research and testing laboratories, offices with associated stores, transport, access, parking and landscaping with on-site generation and electrical infrastructure and cable delivery system. Read more via Daily Record

Foxconn: iPhone maker hikes pay ahead of new model launch

Apple supplier Foxconn is ramping up efforts to recruit more workers for the world’s largest iPhone factory, ahead of the launch of a new model.

Foxconn says new workers at its plant in Zhengzhou, China will get bonuses of up to 3,000 yuan ($424; £343) if they stay in the job for at least 90 days.

Current employees who successfully refer a friend or family member will also qualify for an award, it says. Read more via BBC News

Nvidia becomes first chip maker to hit a valuation of $1tn as company cashes in on AI boom

Nvidia has become the first chip manufacturer to hit a valuation of $1trillion (£807bn).

Shares have rocketed as the company cashes in on the artificial intelligence (AI) boom.

Nvidia said sales would reach £9billion in the three months to July, smashing Wall Street estimates. Read more via This Is Money

Two-thirds of SME manufacturers rank sustainability as being of high importance

Made in Group’s inaugural Big Sustainability Report shows that sustainability has become a critical focus for manufacturers driven by customer and supplier demands, regulatory requirements and a desire for greater operational resilience and relevance. Read more via The Manufacturer