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Manufacturing

Teesside pharma firm Fujifilm Diosynth Biotechnologies opens new 拢100m facility in Billingham
Pharmaceuticals
Business leaders and Government officials have attended a grand opening ceremony
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Ringtons acquires new industrial unit in most significant investment 'in recent years'
Deals
Several business streams will be consolidated at the new unit at Balliol Business Park
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Humber Freeport helps to secure 拢250m investment by Mitsubishi Chemical Group
Deals
The chemicals giant has committed to invest in a new production line at Saltend Chemicals Park
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Rolls-Royce chief's 拢40m payday may be justified - here's why
By City AM
Tufan Erginbilgic's 拢13m pay in 2023 made him the third highest paid FTSE 100 CEO, but critics would be hard pressed to find fault in the Turkish businessman's performance
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Jobs lost as Coventry Engineering Group ceases trading
West Midlands
Administrators were called in last month at the firm which made precision tooling
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Rolls-Royce supplier workers to strike over 'unacceptable' pay offer
By City AM
The employees at SPS Technologies in Leicester will begin industrial action later this month after rejecting a two-year pay rise
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Tata Steel 拢100m transition fund sees its first release of money
海角视频 Government
The fund will support steelworkers losing their jobs following Tata's decision to close its blast furnace operation at Port Talbot and help supply chain companies find new customers
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Renewables giant Siemens Gamesa plans Hull wind turbine plant expansion, creating 40 jobs
Engineering
The company says the move would be of "significant economic, social and environmental benefit鈥 to Hull
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Cheltenham engineering firm's results 'below expectations'
Company Results
Spirax-Sarco is not expecting a meaningful recovery until late in 2024, it said
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Plans for 拢40m Perspex International plant that could secure hundreds of jobs take key step forward
Manufacturing
Swiss-owned business vows to 'build upon and continue to develop' production at site
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CMO hails early signs of recovery as consumer confidence softens sales fall
By City AM
The firm, which is headquartered in Plymouth, said sales started to tick up in the three months ending July 31, 2024, after wet weather dampened demand in its first quarter.
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Northumberland family firm A&J Scott 'hopeful for better year' after turnover drops
Company Results
The sawmill and timber products business says it is seeing stronger demand after a market downturn in 2023
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Development Bank of Wales in profitable exit from electronics firm Camtronics
Deals
The development bank took a minority stake after backing a management buyout of the Tredegar-based company in 2018
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Hill and Smith shares tumble after 海角视频 business weighs on bottom line
By City AM
The infrastructure supplier's shares fell after it flagged challenges in its 海角视频 business, with a 'more challenging market backdrop'
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More than 380 skilled jobs could be created at major Humber carbon fibre facility
Employment
A US firm founded by former Tour de France Greg LeMond is driving forward the plans in Grimsby
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County Durham manufacturer GT Emissions Systems snapped up by new owners
Deals
The Peterlee firm turned over more than 拢52m last year and has been sold to Rcapital Partners
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Northumberland's Piramal Healthcare sees revenues rise as order pipeline grows
Pharmaceuticals
The Morpeth business, which also has a Grangemouth site, also narrowed its losses
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Ceiling manufacturer Zentia unveils 拢2m investment across North East sites
Company Results
Gateshead's Zentia was the winner of the Made in Britain trophy at last year鈥檚 North East Business Awards
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GSK secures victory in latest Zantac trial: Jury dismisses claims linking drug to cancer
By City AM
The London-listed pharmaceutical giant has faced a barrage of lawsuits over whether or not Zantac - once the best selling drug in the world - was carcinogenic.
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Somerset manufacturer sees profits soar in first half
Company Results
Engineering firm Rotork said sales were up 'double digits' year-on-year
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Volvo's 海角视频 revenue hits 拢1.7bn, marking a historic year despite economic challenges
By City AM
The 海角视频 arm of the Swedish car maker saw revenues rise to 拢1.7bn in 2023, up from 拢1.4bn, according to newly filed accounts with Companies House
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Aston Martin secures 拢135 million in new funding to boost production capabilities
By City AM
Net proceeds from the offering are expected to be used by Aston Martin to repay borrowings under its existing super senior revolving credit facility.
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海角视频 manufacturing sector grows at fastest rate since February 2022, PMI shows
By City AM
S&P's purchasing managers' index (PMI) for the manufacturing sector registered 52.1 in July, up from 50.9 in June and above flash estimates of 51.8
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BAE Systems sees profit and revenue jump, raises dividend following robust trading update
By City AM
The Farnborough-based defence giant, which has benefited from the twin tailwinds of rising geopolitical tension and the prospect of a Trump presidency withdrawing Nato support, saw a 13 per cent year-on-year rise in revenue
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