Advanced manufacturers most eager to grow

Advanced manufacturers most eager to grow Featured

Advanced manufacturers most eager to grow
05 Jul
2017

Growth in borrowing among advanced manufacturers (28.6%) has outstripped more conventional manufacturers (20.1%) over the past five years, driven by an increasing appetite to grow capacity and bring in new technologies.

"The release of the figures reinforce the importance of capital investment (i.e. the latest machinery and technology) in remaining competitive, enabling manufacturers to deliver higher-standard products to customers quicker and at lower cost."

 

The UK’s advanced manufacturers have seen their borrowing jump more than 10% to £65.1bn in the past year, according to research by the Asset Based Finance Association (ABFA).

The growth is more than twice the rate of more conventional manufacturers, which have seen their outstanding borrowings grow by 4.9% to £527.6m over the past 12 months.

Sectors that have seen the rise in borrowing grow quickest include pharmaceuticals (21% growth) and manufacturing controls (123% growth). So-called ‘left-behind’ sectors reportedly include more traditional industries, such as agricultural machinery (down 25%), paper (down 18%) and steel casting (also down 18%) – all of which saw their borrowing fall significantly last year.

 

Read the full article via The Manufacturer - https://www.themanufacturer.com/articles/advanced-manufacturers-eager-grow/

Last modified on Wednesday, 05 July 2017 16:58

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