Manufacturing NEWS

France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m

French aerospace, defence and security firm Safran SA (EPA:SAF) said Tuesday it had agreed to buy UK Rolls-Royce Holding PLC’s (LON:RR) 50% interest in the joint RTM322 helicopter engine programme for EUR293m (USD382m) in … Continue reading “France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m”


City and Gatwick owner circles Hochtief’s airport assets

German construction group Hochtief AG (FRA:HOT) has received offers for the holdings in five airports it has put on sale, Reuters reported, quoting two people in the know. Fraport AG (ETR:FRA), which runs … Continue reading “City and Gatwick owner circles Hochtief’s airport assets”


UK manufacturing output down 1.5% in January

The chances of the UK avoiding another recession are looking slimmer today, with official figures showing a drop manufacturing output for January. After the announcement by the Office for National Statistics (ONS) this … Continue reading “UK manufacturing output down 1.5% in January”


Growth for UK car manufacturing in January

Car manufacturing in the UK grew by 1.2% in January but commercial vehicle production slumped, the Society of Motor Manufacturers and Traders (SMMT) said today. A total of 129,049 cars rolled out of … Continue reading “Growth for UK car manufacturing in January”


Sponsor 3i agrees to sell Canada’s Mold Masters to Milacron in $970m deal

UK private equity firm 3i Group plc (LON:III) on Tuesday announced a CAD975m (USD969.1m/EUR724m) deal to sell Canadian melt delivery and control systems specialist Mold-Masters Ltd to plastics processing solutions provider Milacron LLC. … Continue reading “Sponsor 3i agrees to sell Canada’s Mold Masters to Milacron in $970m deal”


How toiletries firms can capitalise on the natural trend

Demand for toiletries largely made with natural ingredients and free from substances that some deem harmful has risen in recent years, and looks set to continue increasing. Manufacturers that have not yet entered … Continue reading “How toiletries firms can capitalise on the natural trend”


US watch maker Movado takes control of UK distribution venture

US watch maker Movado Group Inc (NYSE:MOV) said it had acquired an additional stake in MGS Distribution Limited (MGS) from its UK partner Swico Limited, raising its interest in the UK distribution joint … Continue reading “US watch maker Movado takes control of UK distribution venture”


Germany’s Siemens hires Rothschild to divest security products unit

German engineering group Siemens AG (ETR:SIE) intends to divest its Sweden-based security products business and has appointed investment bank Rothschild to advise it on the process, Bloomberg reported today citing three insiders. The … Continue reading “Germany’s Siemens hires Rothschild to divest security products unit”


Steel giant ArcelorMittal favourite to acquire ThyssenKrupps Alabama plant

Luxembourg-based steel and mining group ArcelorMittal (AMS:MT) is one of the two top bidders for German steelmaker ThyssenKrupp AG’s (ETR:TKA) steel business in the Americas, offering USD1.5bn (EUR1.1bn) for the company’s Alabama plant, … Continue reading “Steel giant ArcelorMittal favourite to acquire ThyssenKrupps Alabama plant”


Swatch acquires acquires Canadian watchmaker Harry Winston

Swiss watches and jewellery maker The Swatch Group Ltd has inked an agreement to acquire the luxury brand diamond jewellery and timepiece division of Canada’s Harry Winston Diamond Corp (TSE:HW), the parties said … Continue reading “Swatch acquires acquires Canadian watchmaker Harry Winston”


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