European automakers on Wednesday called for British vehicles and car parts to fall under the definition of “made in Europe” set out. This is part of the new rules aiming to bolster the bloc’s industries. Britain currently risks being shut out of the scope of plans unveiled by Brussels in March tying companies’ access to...
Tag: Manufacturing
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Sanwo-Olu Inaugurates West Africa’s First Additive Manufacturing Facility
Lagos State Governor Babajide Sanwo-Olu has inaugurated what he called West Africa’s first multi-technology industrial additive manufacturing facility. The governor said the project would help reduce Nigeria’s reliance on imported industrial components and spare parts. Speaking at the opening of the Arridex facility in Lagos, southwest Nigeria, Sanwo-Olu said local production of industrial parts would...
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China Factory Growth Stalls In May As Energy Costs Rise
China’s factory activity stalled in May after two months of expansion, official data showed on Sunday, as weaker demand and rising energy costs linked to the Middle East conflict weighed on manufacturing growth. The official manufacturing Purchasing Managers’ Index (PMI) stood at 50.0 in May, according to data released by the National Bureau of Statistics...