STL Targets 20% EU Growth

A UK specialist in precision stamping and bi-metal bonding for the electrical contact market – Samuel Taylor Limited (STL) – is targeting a 20% increase in European-wide sales by capitalising on its’ global trading heritage. Over the course of the next few months, STL representatives will embark on multiple visits throughout the Eurozone encompassing countries such as France and Germany. The company will have a presence at major exhibitions and visit customers new and old within sectors such as rail, automotive, defence, and mobile/ off-grid power solutions.

More information www.samueltaylor.co.uk

Leadership transition

Machine tool manufacturer Weingärtner Maschinenbau GmbH is entering a new chapter. After decades of dedicated leadership, Friedrich Weingärtner has retired and handed over the company’s management to his son, Dominik Weingärtner. Dominik now leads Weingärtner Maschinenbau alongside his uncle, Andreas Weingärtner. With a deep understanding of the company and its values, Dominik is committed to driving innovation and ensuring sustainable growth. His vision is to expand Weingärtner’s expertise in high-precision machining solutions while embracing digitalisation.

More information www.weingartner.com

New management at Fritz Studer AG

Jens Bleher, CEO and chairman of the Board of grinding machine manufacturer Fritz Studer AG since 2018, has joined the United Grinding Group’s board of directors as COO. Replacing Bleher, Sandro Bottazzo, the long-standing managing director and chief sales officer of the Swiss precision cylindrical grinding machine manufacturer, has been appointed CEO and will thus take over the responsibility as chairman of Studer’s board. Bottazzo has held various management positions for the United Grinding Group and Studer for over 25 years and has been a member of the latter’s management team since 2018.

More information www.studer.com

School receives PP C&A backing

A UK manufacturing outsourcing specialist has thrown its support behind a Shropshire school vying for national honours. PP Control & Automation (PP C&A), which employs 230 people at its facility in Cheslyn Hay, has been mentoring three teams at Newport Girls’ High School (NGHS) in the Young Enterprise Awards programme. It has been a successful partnership with NGHS winning seven out of 10 categories at the Shropshire awards and Tag-Along (a newly developed product) chosen to represent the county at the West Midlands final, where it again came out on top.

More information www.ppcanda.com

£1bn for Sunderland gigafactory

The Government says working people will benefit from 1000 jobs at a new state-of-the-art gigafactory in Sunderland in a £1bn auto deal that will accelerate the transition to electric vehicles (EVs) and boost growth. The new AESC gigafactory will manufacture batteries to power up to 100,000 EVs each year – a six-fold increase on the country’s current capacity.

In the landmark transaction, the National Wealth Fund and UK Export Finance will provide financial guarantees which unlock £680m in financing from banks including Standard Chartered, HSBC, SMBC Group, Societe Generale and BBVA. This will cover construction and operation of the new plant. The remaining £320m has been secured through private financing in addition to new equity provided by AESC.

More information www.gov.uk