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Business secretary highlights manufacturing importance for growth

31 March 2011
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Business secretary highlights manufacturing importance for growthThe UK's manufacturing industry is central to the country's future sustainable economic growth, the business secretary has declared.

Vince Cable made a statement during a tour of production businesses in Wales, including Tata Steel at Port Talbot and Ford's engine production plant in Bridgend.

During his visit to the south of the country, the minister also took part in a roundtable discussion with leading manufacturers in Swansea and held talks with a business advisory group in Cardiff alongside Welsh secretary Cheryl Gillan.

"Manufacturing will play a key role in producing more sustainable growth not stimulated by property bubbles or over reliant on the financial services," Dr Cable said.

Tata Steel is currently undertaking a £185 million programme to enhance productivity and efficiency at its Port Talbot site, including rebuilding its blast furnace, something that may interest manufacturing management specialists.

EEF, the manufacturers' organisation recently welcomed the government's Budget plans to increase spending for research and development, skills and technology in the sector, but warned that the proposed carbon price floor could push up energy bills.ADNFCR-3058-ID-800482713-ADNFCR
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