EDITORIAL ROUNDUP

£220m BAE investment

BAE Systems will invest £220m to upgrade its facilities in Rochester, Kent. The site will undergo significant renovation to create a new state-of-the-art factory of more than 32,000 m². BAE Systems’ 1600-strong workforce in Rochester specialises in advanced aerospace technologies such as head-up displays and helmet-mounted displays for civil and military aircraft worldwide. The new facility will combine manufacturing, engineering and office space. BAE Systems expects the increased capacity provided by a more efficient and sustainable facility will see the creation of 300 jobs over the next five years.

More information www.baesystems.com

New collaboration will advance AM

ArcelorMittal, a global specialist in sustainable steel solutions, and HP, a printing company with expertise in additive manufacturing, are entering a strategic collaboration to advance the field of steel additive manufacturing. ArcelorMittal acknowledges HP’s technical expertise by selecting its Metal Jet S100 technology to develop the additive manufacturing of steel components. HP credits ArcelorMittal with promising results using its steel powders, demonstrating robustness for binder jetting technology. The collaboration will focus on the lowering cost per part and extending the available material options.

More information https://corporate.arcelormittal.com/

CPI-backed investment fund launches

Innovative UK-based SMEs will now have a new source of support through the launch of EverQuest Capital Partners, an investment firm committed to driving transformative change in industries such as automotive and renewable energy. In partnership with CPI, the fund provides not only financial backing but also access to state-of-the-art technical expertise and world-class facilities. With decades of experience in high-value markets, CPI says it offers SMEs a unique advantage. By providing access to cutting-edge infrastructure and support, CPI helps businesses accelerate their innovations to market. 

More information www.uk-cpi.com  

Sheffield Forgemasters signs agreement

The signing of the Trinity House Agreement marks a fundamental shift in the UK’s relations with Germany and for European security. The agreement between Europe’s two biggest defence spenders aims to strengthen national security and economic growth in the face of growing Russian aggression and increasing threats.

A proposed new UK Rheinmetall factory will see the UK manufacture artillery gun barrels, with steel supplied by Sheffield Forgemasters. Gary Nutter, CEO at Sheffield Forgemasters, says: “I’m delighted to confirm that Sheffield Forgemasters is working to reinstate the manufacture of gun barrels after a 20-year hiatus, to supply large-calibre gun-barrels to Germany’s Rheinmetall AG, servicing UK defence contracts and exports.”

More information www.sheffieldforgemasters.com

Automotive firm set for growth

An automotive prototyping firm based in Coventry is gearing up for accelerated growth after landing a five-figure grant for new equipment to meet rising demand. Futura Design received a £25,000 grant from the Business Growth West Midlands team at Coventry City Council, with funding from the UK Shared Prosperity Fund.

The £22m turnover company manufactures prototype models predominantly for the automotive industry, and the money will fund nearly half the cost of a new paint booth to help with the finishing of high-end prototypes. It means the firm can now meet rising demand for its paint development and finishing services from major names such as JLR, Bentley and Aston Martin.

More information www.cwgrowthhub.co.uk