Product category:
Engineering Exhibitions and Events
News Release from: Faraday Plastics
Edited by the Engineeringtalk Editorial
Team on 15 August 2005
Show to put innovative skills to the
fore
Faraday Plastics is encouraging companies in the plastics and rubber sectors to give their research and development a shot in the arm and get to Innovate 2005.
Faraday Plastics is encouraging companies in the plastics and rubber sectors to give their research and development a shot in the arm and get to Innovate 2005 in Reading on 22nd September 2005 Innovate 2005 will feature an exhibition of the 24 Faraday Partnerships - plastics included - and will put on show a selection of the new Knowledge Transfer Networks (KTNs) being funded by the Department of Trade and Industry (DTI)
This article was originally published on Engineeringtalk on 28 Sep 2004 at 8.00am (UK)
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Faraday Plastics Chairman, Rowena Sellens, Polymer Business Director for Lucite International says that plastics based manufacturers have no option today but to keep innovation and innovative skills to the fore.
"Innovate 2005 in Reading will show that global business trends make improved networking and use of science and technology much more important".
"At Lucite International, for example, we have established a family of highly regarded brands including Lucite, Perspex and Diakon".
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"In no way, however, do we intend to rest on our past successes and our R and D laurels".
"To assure the ongoing success of the business we continue to develop our technology with new applications and formulations for future markets".
"And these developmental programmes very often require partnerships with specialist organisations".
Sellens points out: "More than ever, successful R and D requires new abilities to network with the right suppliers at the right time - be these academe, peer companies or customers - in order to accelerate development and win new markets and market share".
Richard Simpson, Faraday Plastics Director concurs, adding: "Recent research has shown us that the companies in our sector need to do better with their research and development".
"The current level of Industrial R and D in the UK plastics sector is found to be less than 0.5% of its total turnover".
"This figure is sadly lagging behind any measure you might care to mention, not least the figure of 1.9% shown by UK industry as whole".
Innovate 2005 is one of a number of events this Autumn which will provide opportunities for companies to get a first flavour of the new polymer-based technologies that will be setting the pace for the future.
Other events include the Polymer Research Showcase, on 6th and 7th September in Wakefield and Interplas, from 4th to 6th October in Birmingham.
Simpson says: "We know that many plastics-based companies want to improve their R and D position but are currently struggling to fund and create the activity that will help take their businesses forward in this area".
"Innovate 2005 in Reading is set up to help: to help trigger ideas, technologies and the networking required".
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