Manufacturing in the UK

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Signs of life out on the Island.



 

Yokel

LE
The decline in the High Street suggests that the idea of retail providing employment instead of manufacturing is unlikely to be feasible much longer.

BREXIT gives us a unique opportunity to realign our economy and to build trading alliances all over the World. Time to start blowing our own trumpet!
 

Niamac

GCM
Well we're still making the best HiFi in the world.........Linn
 
Well we're still making the best HiFi in the world.........Linn
Well the Julian Richer chain is still going strong, unsure if he stocks Linn.



Sent from my SM-T555 using Tapatalk
 

Niamac

GCM
Well the Julian Richer chain is still going strong, unsure if he stocks Linn.



Sent from my SM-T555 using Tapatalk
Good guy and treats his staff well but we were talking about making things.
 

Niamac

GCM
Well we're still making the best HiFi in the world.........Linn
IMHO world-class manufacturing, some awesome electronic design, but software design and test were amateurish and chaotic, and engineering project management was downright incompetent. Throw in an... "eccentric" owner (family firm) and some "interesting" strategic choices :(

Decent enough gear (I've got a system), but... when you appoint a new, young, Head of R&D, and five out of six of his direct reports choose to depart within three months; or you've got a 30-40% annual turnover of design staff in the depths of a fairly severe recession; it does tend to point to being an unpleasant place to work and a bit of a blame culture (mind you, this was nearly twenty years ago, and it might have changed - but that Head of R&D is now the CEO, being son of original owner).
 

Niamac

GCM
Head of R&D is now the CEO,
Thanks and I agree about the software. The CEO I've had some time with. He was out of the firm for quite some time working for other electronic companies and my view of him was that he has a good understanding of the technology and markets he is in and had a refreshing lack of bullshit about him. Not the usual Daddy's boy takeover. Time will tell.
 
Signs of life out on the Island.



a problem HW faced was the same as other UK shipyards.... a very unlevel playing field within the EU.
our yards are efficient, but they carry all the costs until they sell the ship.
See the Huns... the local State government buys the steel for the yard and the yard only have to pay for it when the ships paid for. And as shipbuilding is all about managing your cash flow, it’s a win win for EUropean yards.
 
Wrightbus had a couple of announcements on LinkedIn that they had built their first chassis since the problem and seperately that they had secured an order for 140 buses. This wasn't on their twitter or the website so prsumably whoever had the passwords to those has moved on.
 
What spam link?

The Chinese buy up continues - this time with Steel.

About halfway down the article:

On the face of it, the Chinese buyer will be interested in the products that British Steel makes that it does not. British Steel is a specialist in railway tracks, "long products", a catch-all term for girders used in construction, and the high-quality steel wire used in car tyres and dozens of other industrial applications.

Jingye does not appear to make the first two, so British Steel should bring it some valuable technology and new product lines. This has to be set against the need for investment at Scunthorpe.

What British Steel workers will fervently hope is that the Jingye commitment is long-term and that this is not another false dawn.
Yay, more Chinese on the plane, bringing prosperity and pestilence to the UK. :eek:

'Taxpayers face a hefty bill after British Steel was finally rescued by Chinese buyers – 292 days after it collapsed.

'The company ran out of cash in May due to poor trading, rising costs and the weak pound. Since then it has been kept afloat, while losing an estimated £1million a day, by the Government while a buyer is sought.

'Yesterday China's Jingye, which has been in talks for months, confirmed it will take control of the company from Monday.'


 
Yay, more Chinese on the plane, bringing prosperity and pestilence to the UK. :eek:

'Taxpayers face a hefty bill after British Steel was finally rescued by Chinese buyers – 292 days after it collapsed.

'The company ran out of cash in May due to poor trading, rising costs and the weak pound. Since then it has been kept afloat, while losing an estimated £1million a day, by the Government while a buyer is sought.

'Yesterday China's Jingye, which has been in talks for months, confirmed it will take control of the company from Monday.'


Wasn't it owned by an Indian company?
Oh, 'weak pound'? I smell shiite.
 
Some people might argue that they really only went to the wall on paper and the whole thing was an exit strategy (including a wages reset for the new owners). I'm far to young and good looking to be that cynical though.
They ran out of cash. I doubt it was deliberate; the previous owners will have walked away with little.

It’s not uncommon for a profitable, growing business to hit a cash crunch particularly in low volume manufacturing where the cash cycle is long. Next owner snaps up a going concern for not much, refinances the cash account and takes the opportunity to make efficiency savings.

Nothing to see.
 
They ran out of cash. I doubt it was deliberate; the previous owners will have walked away with little.

It’s not uncommon for a profitable, growing business to hit a cash crunch particularly in low volume manufacturing where the cash cycle is long. Next owner snaps up a going concern for not much, refinances the cash account and takes the opportunity to make efficiency savings.

Nothing to see.
Alternatively, cheap Chinese steel floods the market at a price even they can't sustain, businesses in other countries run out of money, and Chinese firms buy them out at knockdown prices. Steel prices go up.
 
Signs of life out on the Island.



I dandered over to the Script concert last night at the Odyssey Arena and for the first time that I can remember, there was no floodlights on in the shipyard. I don't believe there's anything in the Ship Repair dock either.

I wonder what they are actually working on, in the main yard at the minute.
 

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