The Japanese carmaker Toyota is to invest £240m in its UK factory at Burnaston plant near Derby, which made 180, 000 vehicles last year, including the Auris and Avensis models. The factory employs about 2, 500 people, and another 590 at Toyota’s engine plant at Deeside, North Wales. Johan Van Zyl, chief executive of Toyota…
A new company has emerged in Manchester, marks the revival of the cotton-spinning line known as “cottonopolis”, after the trade died out in 1985. Worldwide demand for high quality thread from the new emerging fashion industry has encouraged German backed Culimenta Saveguard to make a£5.8m investment and £2m loan from the Greater Manchester Combined Authority,…
Prime Minister Narendra Modi will focus on entire new industries, Ventures and opportunities to expand the more non-inflationary sustainable economic growth of 8 percent GDP and directed his policy makers to formulate a framework. India is not following China to compete with consumer electronics but create a hub for new industries like LED lighting, small cars,…