Nippon Electric Glass (NEG) has launched a strategic review of its UK composites division, Electric Glass Fiber UK (EGF), putting 250 jobs at risk. This decision comes after the factory has struggled with rising costs and sluggish sales, exacerbated by competition from Chinese imports. The closure would negatively impact the UK's industrial strategy to grow sectors like advanced manufacturing, as the site produces essential fibreglass for wind turbines and electric vehicles. The recent loss reported by EGF underlines the urgent need for a new partner or buyer to avoid job loss and further damage to the British industrial base.
The strategic review at Nippon Electric Glass highlights the severe challenges facing UK manufacturing, especially in the fibreglass sector, amidst rising costs and competition.
NEG's Wigan site is critical for producing fiberglass used in electric cars and wind turbines, making its potential closure a major blow to the green economy.
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