News Industry In brief...
Stephen Cooper, KPMG’s head of UK Industrial Manufacturing, has commented on the Markit/CIPS UK Manufacturing PMI for January 2014 which showed the PMI at 56.7. He commented, “In January, the
UK manufacturing sector showed the highest growth figures com- pared to the other sectors. The re- sults also support the UK GDP figures for the sector which saw an above expectations increase for 2013 of 1.9% - the highest since 2007.”
www.kpmg.co.uk
Visit
www.connectingindustry.com/doc where Dave Brown, sales manager for Brevini Power Transmission, explains how graduate training pro- grammes can improve the individual performance of recently qualified en- gineers while also maintaining the standard of UK engineering on the world stage.
www.brevini.co.uk
UPCOMING EVENTS Maintec
www.easyfairs.com
Drives & Controls 08-10/04/14
www.drives-expo.com Hannover Fair
07-11/04/14
www.hannovermesse.de AUTOMATICA
03-06/06/14
www.automatica-munich.com 11-13/03/14
CONSISTENCY HAS ALWAYS been a key consideration for
Automated solutions for flexographic printing
printers. As a result, the indus- try is constantly on the lookout for ways to automate processes and remove human error. When Focus Label Machinery wanted to incorporate further automa- tion into its latest flexographic printing
press, the company
approached Bosch Rexroth. Having
received the brief, industry sector manager for print- ing and converting Rexroth, Chris Nevin
at Bosch began
designing a solution that, as well as increasing automation and con- sistency, would reduce energy consumption and provide increased flexibility for end users. Find out how this was achieved by reading the full story at
www.connectingindustry.com/flm.
www.boschrexroth.co.uk
Finance company targets manufacturers
A NEWLY LAUNCHED finance company, Fleximize, is set to provide small/medium enterprises (SMEs) in the manufacturing sector with a flexible source of financing - a Revenue Advance. Repayment schedules for clients will be based on their revenue flow, which means that it more closely fits their growth path. Fleximize believes that many financially strong and viable enterprises are being rejected for loans because they do not fit the strict criteria applied by many banks. By using a more in-depth analysis of a company’s financial performance and its customer feedback on online trading platforms, Fleximize aims to lend to many of the organisations that have been rejected by banks. New research by the com- pany estimates that the value of business loan and overdraft applications from manufacturing SMEs rejected by banks in Q3 2013 was up to £66.8m. Max Chmyshuk (right), founder and managing partner at Fleximize, said, “Revenue-based financing (RBF) is often viewed as ‘the best of both worlds’ sit- ting between debt and equity investment. The value of monthly repayments fluctuates with the perform- ance of the client’s business so they pay more in good months and less in bad ones. This can be attractive
for many manufacturing SMEs, particularly in the current uncertain economic environment. “We feel that our revenue-based financing solution is significantly less risky for a business than other forms of more mainstream financing usually involv- ing fixed regular repayments. There is a natural align- ment of interests between us and our clients compared to a traditional loan - any payment to us means that the clients are successfully selling their products or services.” You can view the full story at
www.connectingindustry.com/flexifinance https://fleximize.com
Enclosures from the smallest to the largest.
ENCLOSURES POWER DISTRIBUTION CLIMATE CONTROL
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