Connect with us

Supply Chain

Italian Packaging Machinery Sales Top €8 Billion

Avatar

Published

on


Logistics BusinessItalian Packaging Machinery Sales Top €8 Billion

Italian packaging machinery manufacturers have recorded their fourth consecutive growth year with a 2.2% increase in turnover in 2019. It is the only capital goods sector to see an upturn, according to national trade body UCIMA. It says the results confirm world leadership position of a niche mechanical engineering sector which for the first time in its history has broken the €8 billion revenue barrier.

The number of operative companies decreased in 2019 (down 2.4% to 616) as a result of the series of M&As underway in the sector, while the number of employees rose to 33,304 (+2.1%).

These results were revealed in the Ucima-MECS Research Department’s 8th Statistical Survey, unveiled at the annual meeting held today in Modena. Over these last eight years (2012-2019), packaging machinery manufacturers have seen an almost 50% increase in turnover (from 5.5 to 8.04 billion euros), 40% growth in exports (from 4.56 to 6.35 billion euros) and the creation of 7,000 new jobs.

International markets

79% of the sector’s turnover was generated abroad, amounting to 6.35 billion euros, an increase of 2.3% compared to 2018. This export growth is half a percentage point higher than that of domestic Italian sales (+1.8% in 2019 to 1.69 billion euros). The European Union remains the main destination area for Italian packaging machinery and accounts for 37.5% of total turnover (2,383 million euros) including sales in Italy, followed in second place by Asia with a value of 1,402 million euros and a 22.1% share, then North America in third place with 814 million euros (12.8%). With respect to 2018, non-EU Europe (637 million euros; 10% of the total) has overtaken South America (559 million euros; 8.8%), followed by Africa (449 million euros; 7.1%) and Oceania (107 million euros; 1.7%).

Source: http://www.logisticsbusiness.com/packaging-green-logistics/packaging-labelling/italian-packaging-machinery-sales-top-e8-billion/

Blockchain

Potential Benefits of Blockchain Technology in Accountancy

Potential-Benefits-of-Blockchain-Technology-in-Accountancy

Wondering how Blockchain can revolutionize accounting? You have landed on the right page. This article will talk about Blockchain technology, technologies that make Blockchain possible, and how it can impact the accounting domain.    So let’s get started with what this technology is all about.    Table of Contents    What is Blockchain? Technologies That … Read More

The post Potential Benefits of Blockchain Technology in Accountancy first appeared on Blockchain Consultants.

Avatar

Published

on

Potential-Benefits-of-Blockchain-Technology-in-Accountancy

Wondering how Blockchain can revolutionize accounting? You have landed on the right page. This article will talk about Blockchain technology, technologies that make Blockchain possible, and how it can impact the accounting domain.    So let’s get started with what this technology is all about.    Table of Contents    What is Blockchain? Technologies That … Read More

Source: https://blockchainconsultants.io/potential-benefits-of-blockchain-technology-in-accountancy/?utm_source=rss&utm_medium=rss&utm_campaign=potential-benefits-of-blockchain-technology-in-accountancy

Continue Reading

Aerospace

Adept at adaptation

Avatar

Published

on

Adept at adaptation

There may be challenges ahead for the industry, but UK-based AS9100 Rev D accredited precision engineering specialists, Bright Engineering says it is holding its nerve.

Being situated at the heart of East Lancashire’s aerospace belt might normally be seen as an overwhelming benefit for any small business involved in advanced manufacturing. However, as is the case for many subcontractors up and down the country, the grinding to a halt of the commercial aviation sector has proved to be a huge challenge, albeit not entirely insurmountable.

Bright Engineering services a number of industries with the supply of precision components and sub-assemblies and has customers across the UK, and several in the US. Bright counts aerospace as around 20-30% of its operating income, but is fortunate to be involved in many other sectors including green technologies, electronics and automation, as well as defence.

Pre-lockdown, the company had built up resilience on the back of strong multi-sector demand in 2018-2019, and in 2019 pressed ahead with a fairly extensive programme of machine tool investment upwards of £1 million. This expenditure signified Bright’s most major rejuvenation of the shopfloor and replacement of ageing machinery it had seen for several years, and followed a trade mission to Yamazaki Mazak’s headquarters and plant operations in Japan.

Bright’s latest CNC machines include the Mazak Variaxis i500 and the Integrex J200S

For Bright, the benefit of the trip not only extended to witnessing first-hand how the machine tool manufacturer handles quality, but allowed the business to forge new relationships which have endured. From this experience Bright now counts new customers and suppliers which have allowed it to strengthen the business throughout the pandemic.

One of these relationships led to a production order for ventilator components, which carried the business and its people through the dark days of the March 2020 lockdown.

“The medical order at the time of the Covid outbreak was a matter of pride for Bright and its workforce,” says managing director, Jon Hoyle. “It involved working day and night seven days a week until it was complete and our team enjoyed being part of this national effort. It kept us going mentally, as well as at an operational level.”

As the end of the lockdown emerged, Bright’s usual customers started coming back to life, although Hoyle admits in certain sectors it is still only coming back in fits and starts. Sales from the US have remained strong, whereas many buyers in the UK have remained on furlough. The result from this is all to do with adaptability. Pre-lockdown, Bright’s strategic aims were around building a long-term orderbook for the future.

Ready and willing

The company admits the vision is currently a bit shorter-term, but as sales director, Steve Amey says: “It ensures we remain flexible, listen to the needs of our customers and evolve the business plan on a monthly basis. That is the reality of 2020, and we believe that regular refinement of our working model will make us all the stronger in readiness for 2021. The capacity to spring back is ready and waiting.”

Of course, the business has utilised the much-welcomed furlough scheme as the pandemic has evolved. However, it has also taken many positive steps to guarantee operational stability in testing times. In certain cases, remote working has really proved positive for Bright and the workforce have made good use of products, such as Microsoft Teams, Skype, WhatsApp, etc. to really stay in touch, keep things moving for the clients, and transmit key messages to staff around the pandemic.

As well as staff communication, Bright has also engaged some really creative uses of Teams, as Amey continues: “Involvement in the Ventilator Challenge UK project was a fast-paced affair, with design and production requirements evolving several times a day. At one point, Teams was the catalyst for one of the quickest pieces of customer decision-making I have seen in my career.”

The episode Amey refers to was a dramatic win in terms of customer experience, and saw Bright on Teams chat with its own supplier partner, the customer, as well as the end user. The usual protecting of sources had to be put to one side for the good of the project, and in fact led to one of the proudest moments of collaboration Bright has been involved with. With Bright’s strategic input, using the customer’s CAD/CAM package over Teams, a component was redesigned, re-posted to CAM and sample component produced by Bright within 90 minutes of the initial technical query being raised.

Indeed, there have been some other real wins for the business during the course of the year too. As certain staff may have been off work for shielding purposes, the company’s apprentice cohort were relied upon more heavily.

“The conditions thrust on us by this pandemic have actually allowed our apprentices to shine,” states Hoyle. “20% of our workforce are undergoing training from Level 3 to HNC, and during the ventilator production our youngsters seized the challenge, often taking the responsibility that we would expect of a quality inspector or section leader. We got to see their very best attributes over a four-week period and it was impressive.”

Bright has rejuvenated its shopfloor and replaced ageing machinery

Further to keeping production moving, the apprentice team have at times, had slightly more interaction with their leaders, and less day-to-day pressures than any other normal year in the company’s history. Ensuring this time wasn’t wasted, it has allowed for accelerated periods of learning on Bright’s latest complex CNC machines, such as the Variaxis i500 and the Integrex J200S multi-tasking machines. In fact, it hasn’t gone unnoticed across any of Bright’s senior leaders that its apprentices have really seized the opportunity to develop their skills over the last six months.

On the horizon

As Bright looks to the near future, there is an equal mixture of concern and trepidation but also a feeling of opportunity. Hoyle believes there is a strong case for the government to continue some targeted support for the sector. Areas like East Lancashire, Motorsport Valley in the South East, West Midlands, Northern Ireland and the North East all provide a rich and varied contribution to the UK advanced manufacturing output as a whole. Plenty of people in the industry felt a continuation of the job retention scheme was necessary, particularly in a way that specifically encouraged part-time working. The Chancellor has since made his announcement, but Bright would also like to see business rate support as well as increased assistance for apprentices over the age of 18, particularly those on HNC programmes.

“Aerospace provides a large portion of business to UK subcontractors and government and companies themselves need to get to the other side of the pandemic in one piece,” concludes Hoyle. “For the foreseeable future, we control costs, look at alternative revenue streams and get even closer to our existing customers.

“Customers in the main aren’t looking to exploit the current situation. Instead they want reliable trustworthy supply chain partners and our continued support. We also talk to our competitors and listen to their problems and successes; sharing best practice is usually free of charge, but highly valuable, and that one successful collaboration could make all the difference to our joint future success.”

www.brightengineering.co.uk

Tags

Share This Article

Subscribe to our FREE Newsletter

Further Articles

Most recent Articles

Source: https://www.aero-mag.com/bright-adept-at-adaptation-13102020/

Continue Reading

Aerospace

ElevAero acquisition strengthens Midlands based supply chain

Avatar

Published

on

ElevAero acquisition strengthens Midlands based supply chain

Adam Bartram director of ElevAero (left) with FPL’s former owner Geoff Neale

ElevAero, a leading manufacturer and supplier of specialist fabrications, assemblies and machined components for the aerospace and defence sectors, has acquired 100% shares of Formrite Precision Limited (FPL). The acquisition took effect from the 1st of October 2020 for an undisclosed sum as ElevAero continues to expand from its base in Nuneaton (UK).

FPL has established facilities in Aldridge, West Midlands, supplying a range of tooling and precision components to the aerospace and industrial gas turbine industries. Core services provided by FPL include large fabrications, machined components, test rigs and ground support equipment and assemblies. The company has leading OEMs and large tiered engine suppliers in its customer base.

FPL manufactures large fabrications, machined components, test rigs and ground support equipment

ElevAero says the acquisition is a strategic purchase which will complement and enhance its cost-effective offering for aerospace component manufacture, assembly and low-cost sourcing and supply.

Adam Bartram, director and owner of ElevAero said: “We have been looking to acquire Formrite Precision for some time to strengthen our position in the marketplace and to offer our clients a total end to end supply option. In a challenging time for the aerospace industry we are very proud to be in a position to continue investing in the right opportunities that will provide our customers with reliable, competitive supply solutions whilst protecting and creating jobs in the Midlands.”

www.elevaero.com

https://formrite.co.uk

Tags

Share This Article

Subscribe to our FREE Newsletter

Further Articles

Most recent Articles

Source: https://www.aero-mag.com/elevaero-acquisition-strengthens-midlands-based-supply-chain/

Continue Reading
Blockchain21 mins ago

A senior BOJ official says the digital yen needs public support for it to become a reality.

Blockchain News30 mins ago

PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry

Blockchain53 mins ago

Japanese soccer star Keisuke Honda launches his own crypto

Blockchain News60 mins ago

Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus

Blockchain1 hour ago

Grayscale invests $300m in a day to grow its crypto portfolio

Blockchain1 hour ago

VeChain candlestick pattern suggests VET ready to explode above $0.015

Blockchain2 hours ago

Russia doesn’t need to be first with a digital currency, says state expert

Blockchain2 hours ago

Russian public officials are now required to declare their crypto holdings as income.

Blockchain4 hours ago

A ransomware attack targets the government systems of Georgia’s Hall County.

Blockchain5 hours ago

Michael Saylor claims the company will hold Bitcoin for ‘100 years’

Blockchain5 hours ago

Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week

Blockchain6 hours ago

Payment giant PayPal plans to acquire bitcoin custody platform BitGo.

IOT6 hours ago

Consumer Interest in IoT Devices Varies Among Gender, Need

Blockchain7 hours ago

WordPress content can now be timestamped on Ethereum

AI9 hours ago

Executive Interview: Brian Gattoni, CTO, Cybersecurity & Infrastructure Security Agency 

AI9 hours ago

Making Use Of AI Ethics Tuning Knobs In AI Autonomous Cars 

AI9 hours ago

Application of AI to IT Service Ops by IBM and ServiceNow Exemplifies a Trend 

AI9 hours ago

How  Veterans Would Study Machine Learning If He Had to Start Today 

AI9 hours ago

Forecasting for Fall Uncertainties 

Blockchain10 hours ago

Kik Survives Grueling SEC Battle, Kin Token Continues Trading

Cyber Security11 hours ago

IOTW: Despite Patch, Zerologon Attack Still A Big Deal

Ecommerce11 hours ago

Unique OPPtoberfest Virtual Conference Focuses on Sales Development…

Ecommerce11 hours ago

transcosmos becomes a certified “Lazada” partner,…

Blockchain12 hours ago

Following 60% Retracement, VeChain Screams Buy as Technicals Turn Bullish

Blockchain13 hours ago

PayPal Rumored to Buy BitGo Days After Launching Bitcoin Services

AR/VR17 hours ago

Horror-Comedy Hello Puppets! Continues Performance on Steam

Energy18 hours ago

Global Electrical SCADA Market Report 2020: Developments in IoT Technology and Cloud Computing has Increased Growth

Energy18 hours ago

Global $855 Billion Bio-Refinery Product Market to 2026 with Neste Oil, Renewable Energy, Pacific Ethanol, UOP, Abengoa Bioenergy, and Valero Energy Dominating

Energy19 hours ago

U.S. Chemical Production Expanded In September

Energy19 hours ago

$9.8 Billion Worldwide Thermal Spray Coatings Industry to 2027 – Impact of COVID-19 on the Market

Energy19 hours ago

Valisure Expands Testing Capabilities With The Addition Of Elemental Analysis

AR/VR20 hours ago

Somnium Space’s Next Updates to Add Buildable Worlds, Web Access & More

Blockchain20 hours ago

Litecoin jumps 18% to lock gains above $55

Blockchain20 hours ago

BTC touches 15 – month high of $13,250 amid PayPal excitement

AI20 hours ago

Beyond Limits and The Carnrite Group Create Alliance to Drive AI Innovation in Oil & Gas, Utilities, Power and Industrial Sectors.

Esports20 hours ago

BIG, OG, fnatic round out Flashpoint 2 team list

Crowdfunding20 hours ago

Earn $10,249 a Year in FREE “Crypto Income”

Energy21 hours ago

Ball Corporation and Kroenke Sports & Entertainment Announce Global Partnership to Advance Sustainability in Sports and Entertainment Through Aluminum Beverage Packaging, Improved Recycling Programs and Consumer Education

Energy21 hours ago

St. James Gold Announces Private Placement

Energy21 hours ago

Worldwide Water and Wastewater Treatment Equipment Industry to 2027 – Featuring SUEZ, Ecolab & DuPont Among Others

Trending