Automotive executives brief new MPs on economic role of the UK motor

Looking ahead at prospects for recovery and growth Mr Everitt said, “I am extremely proud of what the UK motor industry has achieved, not just its strength and resilience during the last two years but the way it has adapted and transformed itself during the last two decades. There are some really significant challenges ahead of us, but they are also opportunities to strengthen the UK economy, re-build UK supply chains and create long-term careers for a new generation of scientists, engineers and technicians.” Providing the keynote speech, Mr Dennis spoke of the world-class engineering skills located in the UK and the importance of continuing to attracting young talent to the industry. “Over the next few years we must increase the proportion of the UK economy that relies on manufacturing, we must develop our competitiveness on the world stage and we must encourage greater foreign direct investment in manufacturing and engineering,” said Mr Dennis. “These goals can be achieved through a new collaborative approach by industry and government that focuses on education, R&D, participation in success and daring to be different.” Speaking about the national importance of the industry, SMMT chief executive, Paul Everitt said, “Every community around the country has links to the industry – 800,000 people work in it and hundreds of thousands more depend on it for their livelihoods. Automotive is a large, diverse and economically significant industry encompassing design, development and manufacturing as well as retail, distribution, service and repair. Senior executives from across the automotive sector attended a reception at the House of Commons today, demonstrating the significance and diversity of the UK motor industry to new parliamentarians.Organised by the Society of Motor Manufacturers and Traders and hosted by the All-Party Parliamentary Motor Group, the event was attended by over 200 MPs and industry representatives including apprentices from nine global companies that manufacture vehicles in the UK. Industry leaders, including executive chairman of the McLaren Group and McLaren Automotive, Ron Dennis CBE, spoke to MPs about the sector’s economic importance and the opportunities for growth presented by the shift to low carbon transportation. Chair of the All-Party Parliamentary Motor Group, Richard Burden MP said, “The UK motor industry plays a significant role in the UK economy, manufacturing products that are exported across the globe. As the trend toward low carbon vehicles gathers pace, we have the opportunity to position the UK as a global leader both in terms of the vehicles we buy and the technology we produce, leading to long-term economic growth.” Download Ron Dennis’ speech below.DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more

New technologies like BlastIQ and WebGen driving growth at global explosives leader

first_imgAt its just held 2018 AGM, Alberto Calderon, Managing Director and Chief Executive Officer at Orica stated: “Revenues have returned to growth after some years of decline, reflecting both improvements in the macro-economic environment and new contract wins. Ammonium nitrate sales volumes were up five per cent on last year with particularly strong demand in Australia and Indonesia and a strong contribution from North America. We also saw strong demand for our newer products with revenue from new technologies as a proportion of total sales up more than 30% on last year.”He added: “It was also pleasing to see customer satisfaction rates increase again this year. This is an important validation of our investment in new technology and expertise. As the resources industry embraces big data and automation to lift returns, we are making the most of this opportunity. We believe market conversion to more modern, less commoditised products and services will improve margins for our customers, and for us.”Orica is making significant progress in the commercialisation of its technology. At the time of last year’s AGM, it had just completed trials of its BulkMaster 7 delivery systems and wireless blasting system, WebGen, and was just introducing its digital platform, BlastIQ, to new customers.Calderon stated: “We now have 20 BulkMaster 7s in the field, BlastIQ is being used at more than 100 customer sites around the world, and commercial sales of WebGen have commenced. We’ve just launched the next generation of BlastIQ, we’re rolling out at least another 20 BulkMaster 7’s this year, and the next generation of WebGen is in development. For me, WebGen is the most exciting development our industry has seen since bulk explosives in the 1960s. It will fundamentally change how our customers think about mine planning. The safety and productivity gains it will deliver for our customers will be significant, and we will share in that.”Lastly, he said the acquisition of GroundProbe early in the calendar 2018 year was a significant step in expanding its digital capability and customer offering. “GroundProbe is a global market leader in the provision of critical monitoring and measurement technologies for the mining sector. It has integrated well into the business, it is contributing positively to earnings, and we are now focusing on leveraging our global network to accelerate its growth.”last_img read more