ITC invests in new grinding centre
The Tamworth cutting tool specialist now has the first two Rollomatic Nano6 grinding centres in the UK which it said is a “testament to the investment that ITC is making to retain its industry-leading market position and break new boundaries of innovation”. The second Nano6 machine investment is capable of producing cutting tools as small…
Government launches new science-led R&D technology agency
The new agency was announced by the business secretary Kwasi Kwarteng today (Friday 19 February), and it is part of government plans to “cement the UK’s position as a global science superpower”. The ARIA will be tasked with funding high-risk research that offers the chance of high rewards, supporting ground-breaking discoveries that could transform people’s…
Mondi to sell its Syktyvkar plant in Russia
Mondi plc announces that it has entered into an agreement to sell its most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities (together “Syktyvkar” or the “Business”) to Augment Investments Limited for a consideration of RUB 95 billion. Augment Investments Limited is owned by Russian billionaire Viktor Kharitonin. Syktyvkar…
Lucideon signs partnership agreement with UK national nuclear lab NNL
body.single-projects .post-content :not(p) img, body.single-post .post-content :not(p) img { display: none; } Lucideon anticipates that its partnership with NNL will further support its work in the nuclear sector. Credit: Lucideon. Sign up here for GlobalData’s free bi-weekly Covid-19 report on the latest information your industry needs to know. UK-based materials technology company Lucideon has signed…
NMIS launches new scheme to support STEM graduates into employment amid pandemic
The scheme, funded by the Scottish Government’s £25 million National Transition Training Fund (NTTF) and developed by the NMIS Manufacturing Skills Academy, will provide those taking part with on the job training and the opportunity to build in-demand skills relevant to the worlds of digital and advanced manufacturing and engineering over a six-month period. To…
Halter Marine $10 million expansion to create 100 jobs
Ship maintenance and repair company ST Engineering Halter Marine and Offshore Inc. (STEHMO), is expanding in Pascagoula, Miss. The $10 million corporate investment will create 100 jobs, the company said. “The shipbuilding and repair industry is a powerhouse on the Mississippi Gulf Coast, generating billions of dollars for the state’s economy and providing skilled jobs…
Lotus to open new manufacturing centre in Norwich
The investment from Lotus, which has its headquarters and sports car manufacturing in Hethel, Norfolk, further demonstrates its commitment to the region and to Norwich. The 12,300 m2 Hurricane Way factory will be converted to a new high tech sub-assembly facility to house manufacturing of the award-winning aluminium extruded and bonded aluminium chassis for the…
Fleetmaster Works With Customer, OEMs to Add Electric Trucks
[Stay on top of transportation news: Get TTNews in your inbox.] For Virginia-based Fleetmaster Express, transitioning to a greener fleet was compelled in part by a customer’s request and is advancing in concert with truck manufacturers. One by one, the company is adding electric trucks as it replaces diesel-powered units. “That is the plan for all…
JCB plants set to restart, backed by safety measures
British production lines fell silent on March 18 and the vast majority of JCB’s 6,500 UK employees have been furloughed since April. Today, the company confirmed that low levels of production are resuming, with a far-reaching package of safety measures introduced to fully protect employees. These include: Employees to self-assess for COVID-19 symptoms before leaving…
Forward Air Posts Record Q3 Income, Revenue
[Stay on top of transportation news: Get TTNews in your inbox.] Forward Air Corp. reported record third-quarter net income, earnings per share and revenue from selecting, handling and pricing higher quality freight. Net income for the quarter ended Sept. 30 rose to $52.1 million, or $1.93 per diluted share, compared with $30.5 million, $1.12, a…