Senior, the tubing, bellows and air-systems engineer, has sold its precision tube businesses to US-owned Tyco Flow Control for £31m. The sale means that 86% of Senior’s sales now come from its Flexonics flexible tubing and bellows division.
Brussels is to investigate the alleged dumping of steel plate from China, India and Romania. European steel producers also expect the European Commission to impose anti-dumping duties by July on imports of hot rolled coil from Bulgaria, India, South Africa, Taiwan and Yugoslavia.
Back fast growers
The UK economy will only improve if more attention is paid to fast-growth businesses that create employment, said CBI president Sir Clive Thompson, speaking at the body’s annual dinner this week. He said an uneven mix of businesses has contributed to the UK’s poor productivity, and called on the Government to create the right climate to help small firms become world-class players.
A computer chip that records and plays back vast amounts of data has been developed by electronics company Hitachi. It will do away with storage devices such as hard disks and is smaller than current memory chips. The technology, developed by Hitachi and Cambridge University scientists, will lead to smaller, faster computers and phones.
Looking at glass
Automotive glazing maker Pilkington Automotive is to sponsor the Royal College of Art’s Vehicle Design Awards on 22 June. The awards encourage post-graduates to explore the strengths and limitations of glass in vehicle design while providing links between academia and industry.