The global economy has undergone a great deal of turbulence in the last year, with numerous economic and political events shaking up a variety of markets.
More than 1,000 small to medium-sized UK manufacturers have been given a business boost over the past 10 months thanks to a new £9.7m business support initiative.
Pressure vessels manufacturer for the medical, nuclear and petrochemical sector, Stainless Metalcraft, has secured a £3.6m contract to supply components to power generation company Cummins Inc.
Factory built and kit versions UK sportscar manufacturer, Westfield has secured a deal worth up to £30m to export self-driving vehicles to South Korea.
The first six months of 2017 saw exports of all UK food and drink grow to £10.2bn, a rise of 8.5% compared to the first half of 2016, according to the Food and Drink Federation.
Aegg Creative Packaging is investing £1m in a brand new 60,000 sqft manufacturing facility to meet growing market demand from both the UK and overseas.
Output among the UK’s small and medium-sized manufacturers grew at the fastest pace in seven years, according to the latest CBI SME trends survey
Midlands-based Nasmyth Metallics Bulwell has secured contracts worth more than £60m from global engine maker Rolls-Royce.
One of the UK’s leading steel casting, forgings and engineering specialists, Sheffield Forgemasters International, has announced a £2m investment into its melting facility to make refined steel with reduced energy consumption.
Desktop Metal has secured a $115m Series D investment to further accelerate the company’s rapid business growth and adoption of its end-to-end metal 3D printing systems.