Europe > Manufacturing

Manufacturing in Europe

  • Iranian, French carmakers enter joint venture deal

    IRAN, 2016/07/24 Iranian automaker SAIPA on Thursday signed a joint venture transaction with French carmaker PSA Peugeot Citroën to build and sell vehicles for its Citroen brand in the country, IRNA reported. Chief Executive Officer of SAIPA Mehdi Jamali and Seyyed Mohmmad Ali Seyyed Abrishami an official from the Iranian automotive group inked the transaction in the presence of Iran's Minister of Industries, Mines, and Trade Mohammad Reza Nematzadeh.
  • UK manufacturers turn to aftermarket services in hunt for value

    UNITED KINGDOM, 2015/06/08 British manufacturers are stepping up their investments in the profitable next-sales service market as they hunt for new sources of revenue streams to help against downturns. From Rolls-Royce and Weir to Rotork and IMI, companies across the UK are pushing to supply customers with services inclunding products. About 35 % of UK manufacturers, with additional than 100 employees, derived price from services related to products in 2013, compared with 24 % in 2007, according to research by Cambridge Service Alliance (CSA) at the University of Cambridge. “Manufacturing firms globally are ‘servitising’ — adding services and solutions to their product offerings. They are doing so for a variety of reasons — economic, strategic and environmental,” says Andy Neely, director of the CSA.
  • Germany Wholesale Prices Data Due On Monday

    GERMANY, 2014/10/13 As risk aversion shakes the world financial markets and amid expectations that the world central banks are heading towards policy divergence, traders look forward to the unfolding week, sifting for clues on the economic outlook. However, the week presents very little in terms of market moving economic numbers. At 2 am ET, German statistical office Destatis is expected to release its wholesale prices statement for September. In August, wholesale prices had declined 0.2 % month-over-month and 0.6 % year-on-year.
  • Ireland Manufacturing Output Registers Strong Growth For Second Month

    IRELAND, 2014/10/07 Ireland's factory output grew at a solid annual pace for the second straight month, figures from the Central Statistics Office revealed Tuesday. Manufacturing output increased a seasonally adjusted 21.2 % year-on-year following 21.1 % increase in the previous month. In June, production grew just 2 %. In general industrial production rose 19.7 % annually in August next 19.4 % increase in the previous month. Month-on-month, factory output declined 2.3 % in August following 14.1 % jump in July. Industrial production fell 1.6 % next a 13.2 % gain in the previous month.
  • German Factory Orders Fall Most Since 2009

    GERMANY, 2014/10/06 German factory orders declined at the fastest pace since January 2009, largely driven by a fall in capital goods request, data from Destatis showed Monday. Factory orders fell 5.7 % month-over-month in August following the 4.9 % rise in July. This was additional than the 2.5 % drop expected by economists and the biggest since January 2009, at the same time as orders were down 7.7 %. Domestic orders slid 2 % and foreign orders plunged 8.4 % in August. As regards the direction of foreign trade transactions, request from Eurozone slid 5.7 % and that from other nations slumped 9.9 %.
  • German Factory Order Growth Accelerates More Than Forecast

    GERMANY, 2014/04/07 Germany's factory new order increase exceeded expectations on robust domestic request in February, official data showed Friday. Factory orders advanced 0.6 % from the previous month, Destatis said. Economists had estimate orders to rise 0.2 % next posting a 0.1 % gain in January, which was revised down sharply from 1.2 %. Domestic orders climbed 1.2 %, while foreign orders grew only 0.2 %. The manufacturers of intermediate and capital goods recorded increases in orders of 1.2 % and 0.4 %, respectively. For capital goods, however, a decrease in orders of 0.8 % was reported.
  • The manufacturing Purchasing Managers' Index rose to 52.8

    NORWAY, 2014/02/03 Norway's factory activity increase improved in January, next easing in the previous month, thanks to increased order intake and employment increase, survey data from the Norwegian Association of Purchasing and Logistics (NIMA) and Danske Bank showed on Monday. The manufacturing Purchasing Managers' Index rose to 52.8 from December's revised 51.4. In November, the score was 53.9.
  • Germany's manufacturing orders recovered at a faster-than-expected

    GERMANY, 2013/11/07 Germany's manufacturing orders recovered at a faster-than-expected pace in September, supported by a further strong rise in request for capital goods, signaling continued development in the domestic economy at the start of the fourth quarter. New business placed with German manufactures climbed a seasonally and schedule-adjusted 3.3 % from August, at the same time as they decreased by 0.3 %, data from the Federal Ministry of Economics and Technology showed Wednesday. The increase rate far exceeded the 0.5 % gain economists had estimate. In July, the manufacturing sector had recorded a 2 % fall in request.
  • Confidence part French manufacturers improved slightly in October,

    FRANCE, 2013/10/25  Confidence part French manufacturers improved slightly in October, reflecting better assessment of recent business activity and a further development in order books, reinforcing expectations that the economic recovery would continue in the third quarter. Survey data released by statistical office INSEE on Wednesday showed that the business confidence indicator for the manufacturing sector climbed to 98 points from 97 points in September, indicating a broadly stable business climate. The October outcome matched expectations.
  • Marzotto reportedly leaves Tunisia for Lithuania

    LITHUANIA, 2013/10/15  Italian textile manufacturer the Marzotto Group is shutting down its Tunisia operations and moving them to Lithuania, where Marzotto company Liteksas manufactures furniture textiles and blankets for the Lanerossi brand, African Manager economic website reported Monday. Marzotto, which is expected to make an official announcement any minute at this time, will base its new plants in the city of Kaunas, Lithuanian business newspaper Verslo Zinios explained.