Manufacturing News – Early November 2023
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The UK manufacturing industry continued its contraction in October, with difficult and uncertain market conditions leading to output, new orders and employment all declining, according to the latest S&P Global / CIPS UK Manufacturing PMI®.
October 2023 UK Manufacturing PMI key findings:
- Manufacturing PMI at 44.8 in October
- Output, new orders and employment decline
- Business optimism dips to 10-month low
The Manufacturing Technology Centre (MTC) has opened up new research and development potential for UK-based additive manufacturing by investing in a Meltio M450 3D printer.
Featuring groundbreaking laser direct energy deposition (DED) technology, the machine can process both wire and powder and allows quick changeover of materials, enabling the development of parts printed with 2 or more materials. Combined with the MTC’s deep end-to-end knowledge and expertise in additive manufacturing (AM) and material science, the organisation’s new acquisition will enable innovative remanufacture and repair processes, in a variety of materials, for a range of industries.
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