News in brief

Heavy toll

Industry recorded heavy job losses in the past fortnight, including 670 posts at Grove cranes in Sunderland and 475 at Royal Ordnance weapons factories in Nottingham and the north-east of England. Industrial gases group BOC is shedding 500 jobs in Surrey and Sussex as part of a worldwide restructuring involving 5,000 jobs cuts. And in Peterborough, cigarette machine manufacturer Molins is shedding 260 jobs.

Gardner garners

L Gardner, specialist engineer in the aerospace and mass transit markets, has acquired Cleveland Guest (Engineering) for £2.4m. Cleveland Guest, supplier of precision machined components to the aerospace industry, recorded pre-tax profits of £418,000 on a turnover of £5m in 1997.

Rototherm buys

Sydney Smith Dennis, the pressure gauge manufacturer based in Nottingham, has been bought by instrument manufacturer British Rototherm, of Port Talbot, for an undisclosed sum.

Copier case closed

A European Court of Justice case brought by the Committee of European Copier Manufacturers, which tried to force the EU’s Council of Ministers to extend anti-dumping duties levied on Japanese imports of photocopiers, has been thrown out. Costs have been awarded against the committee.

Soaring steel

Despite the economic climate, Severfield-Reeve, the UK’s largest structural steel producer, has reported a 30% rise in interim pre-tax profits for this year to £5.1m. Turnover rose from £52m to £64m.

Sales point

Sales of Delphi Automotive systems in 1997 were $32bn and not $1.2bn as reported in The Engineer on 7 August.

The Engineer

The Engineer will next be published on 4 September.