ImagesMagUK_January_2021
INDUSTRY NEWS www.images-magazine.com 10 images JANUARY 2021 Tag us on Instagram! @imagesmaguk Tax break extended to 2022 to stimulate investment in UK manufacturing The UK government announced in November that a £1 million tax break has been extended to help stimulate investment in UK manufacturing as Covid-19 restrictions continue. Businesses, including manufacturing firms, can continue to claim up to £1 million in same-year tax relief through the Annual Investment Allowance for capital investments in plant and machinery assets until 1 January 2022. The extension is intended to boost business confidence as companies look to weather the coronavirus pandemic and plan for the future. Jesse Norman, financial secretary to HM Treasury, commented: “It is vital that we support business through the difficult months ahead. Extending the Annual Investment Allowance’s £1 million cap will give businesses the confidence they need to invest into next year, helping them to grow whilst benefiting the wider economy too.” imagesmag.uk/AIA-2022 This month, our focus is on The Uniform Room, which created this detailed 137,197 stitch embroidery for Mighty Money Kennels. Jordan Crumpton, owner of the personalised workwear company in Dudley, explained that the logo was embroidered onto the back of Regatta Professional’s Zip Neck Micro Fleece (RG134), and took a total run time of two hours and 56 minutes. The fleeces were embroidered on a Barudan BEKY six-head embroidery machine using 11 different colours of Madeira Classic 40 embroidery thread, as well as Madeira Ezee 50g Tear-Away Backing. www.theuniformroom.co.uk DECORATED PRODUCT OF THE MONTH The 137,197 stitch logo was created using 11 colours of Madeira Classic 40 embroidery thread CreativeWear & Embroidery CreativeWear & Embroidery in Staffordshire designed and printed ‘2020 Memories’ tote bags and tea towels. imagesmag.uk/2020-Memories Kornit Digital establishes global business line dedicated to digital on- demand production management Kornit Digital has launched a new global business line that is dedicated to digital on-demand production management. “The massive shift to ecommerce continues to accelerate the need to digitally transform the supply chain and adopt on-demand sustainable textile production,” explained Kornit. “The newly formed business line will focus on enabling brands, retailers, and marketplaces to realise the benefits of digitisation by connecting to the most suitable on-demand production and logistics operations, while ensuring consistency, quality and brand integrity.” The digital print technology company has also announced the appointment of Guy Avidan as president of Kornit’s new business line, as well as the appointment of Alon Rozner as its next chief financial officer, effective from 1 December 2020. Ronen Samuel, chief executive officer of Kornit Digital, commented: “Interest in adopting our cloud workflow platform and network for on-demand sustainable production is extremely strong. We believe there is a huge opportunity here for Kornit to build a significant incremental business and leverage the success of the Custom Gateway acquisition, which serves as the foundation for this strategic initiative.” imagesmag.uk/Kornit-Avidan- Rozner Guy Avidan Alon Rozner A £1 million tax break has been extended as Covid-19 restrictions continue in the UK
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