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Manufacturing

'Increasingly gloomy outlook' for South West firms as rising inflation bites
Economy
Business activity in the region was "muted" in July
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North Tyneside manufacturer Formica draws in sales of £63.5m amid factory footprint changes
Company Results
The Coast Road base of the global group has been making laminate products for more than 70 years
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Nissan launches sustainable finance project to fund electric vehicle production and eco-technologies
Automotive
The global car manufacturer said it would raise funds needed to support sustainability efforts
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Belfast Distillery Company gets go-ahead for distillery and visitor centre at Crumlin Road Gaol
Northern Ireland
The move will see over £22 million invested and is expected to create 49 jobs
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PAC Group to invest £2M after buying County Down's Barbour Engineering assets
Northern Ireland
The purchase will also see the creation of some 20 new jobs
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Royal Crown Derby brings in Purpose Media to help it ramp up exports and develop digital marketing
Marketing
Royal Crown Derby has been making fine bone china tableware in Derby since 1750
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Rolls-Royce profits hit by inflation and war in Ukraine
Company Results
Operating margins at the engine maker have been squeezed in the first half of the year
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Rolls-Royce working on $300m US Department of Defense contract to build transportable micro nuclear reactor
Energy
Deployable microreactors could provide green power for operations that historically rely on generators and supply lines
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Jaguar Land Rover opens electric vehicle testing facility
Jaguar Land Rover
Lab will test next generation of vehicles for electrical and radio interference.
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In pictures: Hype joins Millennial craze with KFC themed clothes range
Fashion
Hype has created a 47 piece collection with the fast-food chicken chain including hoodies, bralettes, joggers and backpacks
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Major Bridgwater manufacturer marks 50 years in business
Somerset
The family-run firm celebrated the occasion with a visit from the town's mayor, councillor Liz Leavy
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Biggest º£½ÇÊÓƵ brickmaker Ibstock takes 75% share in fireproof cladding maker Generix Facades
Deals
Demand growing for lower carbon, non-combustible cladding for mid-high rise and modular markets
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County Durham's Steelcraft saved from closure as trade buyer steps in following administration
Deals
The 25-strong maker of railings, gates and stairs had suffered under inflationary pressures
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Cheesecake Energy tech – which stores energy in form of high pressure air and heat – secures £3.5m of funding
Energy
Money will be used to grow the Cheesecake team, pilot new technology, and build partnerships around the world
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Recycled furniture maker invests £290,000 at Exeter facility and creates jobs
South West
DCW Polymers uses plastic waste to create its recycled garden furniture range
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1,200-plus apply for initial 200 apprenticeship spots at Nuclear Skills Academy in Derby
Apprenticeships
Rolls-Royce Submarines is opening the nuclear training academy to train up the next generation of engineers
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BIG INTERVIEW: New Leicester and Leicestershire Enterprise Partnership head Sue Tilley says she will keep supporting business despite No10 upheaval
Local Enterprise Partnership
'We are realistic enough to know that our role is changing and that we need to change with it'
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Anne-Marie Hunt promoted to head of corporate banking for NatWest in the West Midlands
Finance
New Birmingham job sees her heading team looking after companies with £25 million-plus turnovers
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Toyota responds to latest report it could quit Derbyshire
Manufacturing
Toyota’s Burnaston plant – which employs 2,500 people – started producing its new hybrid Corolla in 2019
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Shield Therapeutics finalises $10m loan agreement from cornerstone shareholder
Deals
'Shield is fortunate to be able to count on continued support by an established pharmaceutical company like AOP'
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Motorhome manufacturer Auto-Trail drives back to the start with restoration service launch
Automotive
40th anniversary sees owners offered dedicated restoration opportunity as company origins retraced
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Aston Martin sales rise - but supply chain disruption and logistics issues costing carmaker millions
Manufacturing
Strong demand for sports cars means its models are sold out into 2023
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Living wage commitment and 5 per cent rise for packaging team in new chapter
Employment
Scunthorpe operation is making major strides under new management team
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Record sales, margin and profit for Croda in first half of 2022
Company Results
Profits for the full year should be moderately ahead of previous expectations
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