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Renesas shareholders set to approve $2.4 billion bailout, shares soar

Renesas shareholders set to approve $2.4 billion bailout, shares soar | Industrial subcontracting | Scoop.it

Shareholders of Japan's embattled Renesas Electronics Corp are close to approving a government-led bailout, sources familiar with the talks said, sending the firm's shares 17 percent higher on relief that the $2.4 billion rescue was being finalized. The deal is set to keep the world's biggest maker of microcontroller chips afloat for the next few years, but analysts say that despite job cuts and planned plant closures, Renesas still faces many challenges including the restructuring of its loss-making system chip division.

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Fulton brings manufacturing home

Fulton brings manufacturing home | Industrial subcontracting | Scoop.it

Heat transfer specialist, Fulton Ltd, will be moving to a new 43,000 sq ft headquarters in Bristol next month which it says will enable it to introduce state of the art manufacturing processes.

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SME confidence on a high

SME confidence on a high | Industrial subcontracting | Scoop.it

British manufacturing SME confidence has hit a 12 month high, with 64% of companies expecting to increase sales over the next six months, according to the latest Manufacturing Advisory Service (MAS) Barometer.

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MARKOS expands composites manufacturing operations

MARKOS (Slupsk, Poland) reports that it is building another production facility. The decision to do so resulted from an analysis of trends in the global composites market and was a response to growing customer needs for large-size laminate products.

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Tiny Camera Offers Bug's Eye View

A tiny new camera developed at an Illinois university is giving researchers a bug's eye view.

The camera created by a research team at the University of Illinois at Urbana-Champaign is about the size of a penny and mimics insects' bulging eyes. It features 180 micro-lenses, giving it a panoramic field of view and the ability to focus simultaneously on objects at different depths.

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First quarter 2013 sales for Brazil's composites industry up 5.2% on 2012

First quarter 2013 sales for Brazil's composites industry up 5.2% on 2012 | Industrial subcontracting | Scoop.it

These figures are from Maxiquim, a consulting firm hired by the Latin American Composite Materials Association (ALMACO). Recovery in the markets of trucks, buses, tractors and road equipment drove sales, as well as the wind energy industry.

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Closing the Manufacturing Skills Gap

Closing the Manufacturing Skills Gap | Industrial subcontracting | Scoop.it

At Air Products & Chemicals Inc., about 150 skilled-labor jobs are open and unfilled at any given time in the United States. The positions run the gamut from welders and instrument electrical technicians who work with sophisticated controls to diesel mechanics, pipe fitters and mechanical engineering technicians.

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Lanxess details plans for pigment plant in Ningbo

Specialty chemicals company Lanxess elaborated on its plans to build a red iron oxide pigment plant in Ningbo, at a news conference just before Chinaplas.

The company will invest 55 million euros (US$70.6 million) in the plant, which will have annual capacity of 25,000 metric tons. Construction will start in the second quarter, and the plant will employ 150.

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Planes, trains and automobiles: faster, stronger, lighter

Planes, trains and automobiles: faster, stronger, lighter | Industrial subcontracting | Scoop.it

These days, aerospace engineering is all about the light stuff: building airplanes with lighter wings, fuselage and landing gear in an effort to reduce fuel costs.
Advanced carbon-fiber composites have been used in recent years to lighten planes’ loads. These materials can match aluminum and titanium in strength but at a fraction of the weight, and can be found in aircraft like the Boeing 787 and Airbus A380, reducing such jets’ weight by 20 percent.

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Cambridge Nanotherm heats up with £500k prototype manufacturing plant - Cabume

Cambridge Nanotherm heats up with £500k prototype manufacturing plant - Cabume | Industrial subcontracting | Scoop.it

A company that has developed a technology it says can lengthen the lifespan of LEDs by up to four times at no extra cost is to invest over £500k into a prototype manufacturing plant in Cambridge.

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Managing product cost effectively

Managing product cost effectively | Industrial subcontracting | Scoop.it

There are significant business benefits to be gained by managing product costs effectively, and yet many manufacturers still struggle to implement programmes that achieve this – writes Myles Peyton, Northern Europe managing director, aPriori.

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Analyst: North American mold makers need to expand

Analyst: North American mold makers need to expand | Industrial subcontracting | Scoop.it

Before the auto slowdown that saw two carmakers file for bankruptcy, the North American auto industry launched about 40 all-new vehicle models each year.

This year, it will introduce 74. And for the next five years, auto industry watchers expect about 70 new vehicles each year — not just refreshed models, auto analyst Dennis DesRosiers told members of the Canadian Association of Mold Makers during a May 14 meeting in Mississauga — but all new models.

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India seeks academic collaborations with US

India seeks academic collaborations with US | Industrial subcontracting | Scoop.it

India has sought academic collaboration with various US institutions to leverage the full potential of the  education sector to meet the increasing needs of both the countries, particularly in the fields of information and technology.

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UK subcontractor adds 5-axis machining with German centre

UK subcontractor adds 5-axis machining with German centre | Industrial subcontracting | Scoop.it

Owners of contract machinists Progress NC are keen on their first 5-axis machining centre. The sometime mould maker selected a German-built Spinner U5-620, which is said to be the first in operation in the UK.

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German materials producers report declining volume and sales

In a PlasticsEurope Deutschland briefing last month, the organization's new president Josef Ertl – who is also managing director of Vinnolit – revealed that both production volume and turnover have dropped for German plastic material producers.

After increasing in 2011, volumes fell 3.6 percent to 19.5 million tonnes and turnover dropped 0.8 percent to 25.1 billion euros in 2012.

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Brazilian machine maker shutting down Italian plants

The maker of Romi and Sandretto machines is in the process of closing its manufacturing plants in Italy and focusing all of its manufacturing in Brazil.

The company, Indústrias Romi SA, is exhibiting new products at the Feiplastic trade show this week in São Paulo.

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How Metal Works

How Metal Works | Industrial subcontracting | Scoop.it

Professor Hongbiao Dong, from the Department of Engineering, will give a free public lecture entitled ‘How Metal Works – Let me Compute the Ways’ at the University of Leicester on Tuesday 21 May.

The lecture will explain, through case studies, how to develop models for metal processing and how these can be used to simulate metal processing.

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Season acquires Outsource Electronics

Global EMS provider, Season Group, has announced its acquisition of the UK’s Outsource Electronics Ltd (OEL) in a deal that is expected to be concluded in June.

The Season Group has been working with OEL for around 18 months on a number of different projects. During which time it says it has become clear that customers value having their designs validated in the UK before they move to production at one of the Season Group’s other sites.

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Stronger trade ties between Belarus and Serbia

Stronger trade ties between Belarus and Serbia | Industrial subcontracting | Scoop.it

Serbian Prime Minister Ivica Dacic said on Friday at a meeting with Belarusian Deputy Prime Minister Piotr Prokopovich that Serbia is interested in increasing the bilateral trade and joint investments.

Joint investments are possible in the metal processing and engineering industries, agriculture, transport, construction, the prime minister said, and the Serbian government announced.

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Davis-Standard planning for growth in China

American extrusion and converting technology systems manufacturer Davis-Standard LLC is eying Asia and specifically China as its new second home, in a drive to become a more global company.

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Conair mulls how it will manufacture products in Brazil

Auxiliary equipment producer Conair Group, which has sold and serviced machinery in Brazil since 1976 but has no local manufacturing or sales presence, is eyeing Brazilian expansion that could include more service technicians, and a new office with sales staff.

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Mazak Open House highlights include single-hit large part machining and automated, efficient 2D laser profiling

Amongst the 17 machines on show at the recent Mazak Open House event (May 14/15), two highlights were the Integrex e-670 H II multi-tasking machining (pictured) centre and the Optiplex 3015 4 kW CO2 2D laser profiling machine.

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Medical opportunities for EMS providers

Medical opportunities for EMS providers | Industrial subcontracting | Scoop.it

Potential opportunities for electronics manufacturing service (EMS) providers is set to increase gradually over the next few years, according to Frost & Sullivan’s new analysis.

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Norco Opens New Composites Facility

Norco Opens New Composites Facility | Industrial subcontracting | Scoop.it

Norco have been supplying Glass Reinforced plastic components and tooling services for over 27 years, up until the opening of the new composites centre this diversification of projects and technologies had been spread across the 4 separate work centres totalling 85,000sqft.

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Photo Etching for auto interiors

Photo Etching for auto interiors | Industrial subcontracting | Scoop.it

Chemical etching specialist Precision Micro has been working with Vestatec Automotive Engineering to bring a number of new interior design possibilities to prestige car manufacturers.

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UK economy moving into growth

UK economy moving into growth | Industrial subcontracting | Scoop.it

The Conferderation for British Industry (CBI), says in its latest economic forecast that the UK economy will continue to grow this year along with the strength of exports.

Indeed, the outlook for manufacturers has brightened, with the latest ITS showing that export orders are expected to rise at the strongest rate in a year, which is great news for industry.

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