EDITORIAL ROUNDUP

Prova buys stake in Composite Braiding

Prova Investments continues to grow its European portfolio of early-stage businesses operating at the forefront of cleantechnology, sustainability and the circular economy by taking an equity stake in Composite Braiding.Based in Derby, Composite Braiding produces advanced composites by combining materials such as carbon, glass, aramid and basalt fibres with thermoplastics. Using an award-winning automated manufacturing process, it is possible to braid components quickly and at scale, reducing labour costs by 90%, waste by 97% and energy consumption by 95%.
For further information www.compositebraiding.com

British Steel invests £330m

British Steel’s new billet caster, which is among £330m worth of investments that parent company Jingye has made in the UK business since acquiring it three years ago, is duefor commissioning this spring.The new caster will manufacture semi-finished steel billets with enhanced internal and surface qualities. This £54m project is the largest single investment by Jingye. British Steel’s investment strategy aligns to its decarbonisation plans, which will see it embrace new technology and ways of working to help reduce emissions and support clean growth.
For further information www.britishsteel.co.uk

Creaform joins C-TPAT

Creaform, a specialist in portable 3D measurement solutions and engineering services, is joining more than 11,400 partners of the trading community as a fully accredited member of the Customs-Trade Partnership against Terrorism (C-TPAT) programme, an endeavour to strengthen the security of its supply chains.As a C-TPAT member, Creaform will now be considered low risk and therefore less likely to be screened at US ports of entry, saving time at the border. The programme also provides several other advantages, such as access to the membershipdirectory and the establishment of a single point of contact.
For further information www.creaform3d.com

Sunnen buys Hommel Prazision

Sunnen Products Co has acquired Hommel Präzision, a provider of honing and deep-hole drilling solutions in Germany for more than 70 years. Since 1950, Hommel Präzision has been the exclusive sales and service partner of Sunnen in Germany. The company’s sales and technical service teams will all remain the same, further augmented by the service and support of the Sunnen global network. “Hommel Präzision is a well-respected, customer-focused organisation and we are happy to have them as an official part of Sunnen,” says Chris Miltenberger, president and CEO of Sunnen.
For further information www.sunnen.com

Another NUM facility in China

Switzerland-headquartered high-end CNC technology specialist NUM is opening a second facility in China to complement its existing premises in Shanghai. The facility in Guangzhouwill provide customer-focused sales and application development, as well as enhanced customer support services. China’s Guangzhou region features a large number of private companies involved in the construction of special machines, representing a potentially large market for the type of tailor-made technical control solutions offered by NUM.The new office premises are located in the Huangpu district.
For further information www.num.com