Manufacturing NEWS

UK manufacturing output down 1.5% in January

The chances of the UK avoiding another recession are looking slimmer today, with official figures showing a drop manufacturing output for January. After the announcement by the Office for National Statistics (ONS) this … Continue reading “UK manufacturing output down 1.5% in January”


Growth for UK car manufacturing in January

Car manufacturing in the UK grew by 1.2% in January but commercial vehicle production slumped, the Society of Motor Manufacturers and Traders (SMMT) said today. A total of 129,049 cars rolled out of … Continue reading “Growth for UK car manufacturing in January”


Sponsor 3i agrees to sell Canada’s Mold Masters to Milacron in $970m deal

UK private equity firm 3i Group plc (LON:III) on Tuesday announced a CAD975m (USD969.1m/EUR724m) deal to sell Canadian melt delivery and control systems specialist Mold-Masters Ltd to plastics processing solutions provider Milacron LLC. … Continue reading “Sponsor 3i agrees to sell Canada’s Mold Masters to Milacron in $970m deal”


How toiletries firms can capitalise on the natural trend

Demand for toiletries largely made with natural ingredients and free from substances that some deem harmful has risen in recent years, and looks set to continue increasing. Manufacturers that have not yet entered … Continue reading “How toiletries firms can capitalise on the natural trend”


US watch maker Movado takes control of UK distribution venture

US watch maker Movado Group Inc (NYSE:MOV) said it had acquired an additional stake in MGS Distribution Limited (MGS) from its UK partner Swico Limited, raising its interest in the UK distribution joint … Continue reading “US watch maker Movado takes control of UK distribution venture”


Germany’s Siemens hires Rothschild to divest security products unit

German engineering group Siemens AG (ETR:SIE) intends to divest its Sweden-based security products business and has appointed investment bank Rothschild to advise it on the process, Bloomberg reported today citing three insiders. The … Continue reading “Germany’s Siemens hires Rothschild to divest security products unit”


Steel giant ArcelorMittal favourite to acquire ThyssenKrupps Alabama plant

Luxembourg-based steel and mining group ArcelorMittal (AMS:MT) is one of the two top bidders for German steelmaker ThyssenKrupp AG’s (ETR:TKA) steel business in the Americas, offering USD1.5bn (EUR1.1bn) for the company’s Alabama plant, … Continue reading “Steel giant ArcelorMittal favourite to acquire ThyssenKrupps Alabama plant”


Swatch acquires acquires Canadian watchmaker Harry Winston

Swiss watches and jewellery maker The Swatch Group Ltd has inked an agreement to acquire the luxury brand diamond jewellery and timepiece division of Canada’s Harry Winston Diamond Corp (TSE:HW), the parties said … Continue reading “Swatch acquires acquires Canadian watchmaker Harry Winston”


Rolls Royce strengthens civil nuclear operations with PKMJ acquisition

British industrial and engineering group Rolls-Royce Holdings Plc (LON:RR) on Tuesday said it had taken over US nuclear engineering services provider PKMJ Technical Services, in a move to grow its global civil nuclear … Continue reading “Rolls Royce strengthens civil nuclear operations with PKMJ acquisition”


US biotech firm Questcor acquires Canadian BioVectra

US biopharmaceutical firm Questcor Pharmaceuticals Inc (NASDAQ:QCOR) said it had inked a definitive accord to buy Canadian BioVectra Inc, a provider of manufacturing services to the pharmaceutical and biotechnology sector. Questcor will acquire … Continue reading “US biotech firm Questcor acquires Canadian BioVectra”


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