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Clyde gets strength from emerging market
Clyde Process Solutions says its strategy in emerging markets will see it through the economic downturn. Chief executive Alex Stewart says the Doncaster company, which supplies materials handling systems to manufacturers, is still seeing demand in its European and US businesses. The strong dollar also added value to the US business. But Stewart said: “The business in North America has changed quite significantly and, as we’re already seeing, markets such as Brazil, Russia, India and China will grow.” The company's revenues rose from £26.1m to £36.2m and pre-tax profit was up from £387,000 to £2m in its half-year results to the end of August 2008.
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Forgemasters outlines expansion plan
Sheffield Forgemasters has started building its 15,700 sq ft machine shop as the first phase of its expansion plan. The machine shop will house five large-scale machines, in which it will invest £10.5m. The company will also invest £6m in a 4,000-tonne hydraulic forging press, expected to be operational in spring 2009, and its project management arm Vulcan SFM has invested £1m in two 250-tonne cranes to feed the machines. Chief executive Graham Honeyman said: “This is a major capital investment project for Forgemasters affecting productivity and efficiency, which is critical for the next stage of growth The heavy machine shop will enable us to fully realise the capacity of the foundry, reduce timescales for completing jobs and increase the company's flexibility to handle more contracts.” 
Arena plans discussed
Yorkshire Forward chief executive Tom Riordan will meet the operators of the Sheffield Arena to consider the threat of the proposed Leeds Arena. Riordan will meet Sheffield International Venues (SIV) chief executive Steve Brailey and MP for Attercliffe Clive Betts after they objected to Yorkshire Forward using government money to build a competitor to the Sheffield Arena. Betts said: “The meeting will be an opportunity to examine this and the economic impact a second arena in Yorkshire will have on Sheffield. I want to get assurance that, before any decision is made to go-ahead, the full impact of such funding on Sheffield Arena will be assessed by an independent organisation.”
IMS launches new software
Rotherham-based software house IMS is launching a new version of its Uniplan enterprise resource planning (ERP) software. Uniplan Version 8 includes a messaging service for changes, reducing the need for manual checks.
Firth Rixson extends $23m contracts
Firth Rixson has extended two purchasing agreements with German aero engine and engine module manufacturer MTU Aero Engines to continue to supply seamless rolled ring forgings and welded rings to MTU to 2014 and 2015 respectively. The agreements have a combined value of more than $23m per year and will be supplied from Firth Rixson’s US and UK manufacturing facilities.
ProCo wins Little Chef contract
Restaurant chain Little Chef has awarded Sheffield-based digital print company ProCo the contract to supply the Little Chef’s network of 180 restaurants with printed materials ranging from menus and point-of-sale promotions to outdoor banners and posters.
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Phase 1 complete at Magna 34
Joint venture partners Loxley Land and Property and Jaguar Estates have completed the first phase of office and industrial accommodation at the £31m Magna 34 business park. The first phase of the 19-acre park, located off junction 34 of the M1, includes 10,000 sq ft of grade A office accommodation over two buildings, eight industrial units varying in size up to 27,232 sq ft and a 151,716 sq ft distribution unit.
thinc i.t. moves into Rotherham
IT systems recycling company thinc i.t. has moved to Rotherham Borough Council’s Fusion@Magna centre. The ethical brokering company, which specialises in reusing and recycling high-end computer systems for companies around the world, was set up by Rotherham entrepreneur Stuart Ganderton.
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Faithful+Gould strengthens team
International project management and cost consultancy Faithful+Gould has appointed assistant project manager Sian Roberts to work from its Sheffield and Leeds offices. Roberts, a graduate from the University of Sheffield, is currently working for a national food and beverage producer on a £2.5m extension project in south Wales.
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