Types Of Manufacturing Industry


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  • A private company limited by shares, usually called a private limited company (Ltd) (though this can theoretically also refer to a private company limited by guarantee), is a type of company incorporated under the laws of England and Wales, Scotland, that of certain Commonwealth countries and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company (plc).
    'Limited by shares' means that the company has shareholders, and that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thereby protected in the event of the company's insolvency, but money invested in the company will be lost.
    A limited company may be 'private' or 'public'. A private limited company's disclosure requirements are lighter, but for this reason its shares may not be offered to the general public (and therefore cannot be traded on a public stock exchange). This is the major distinguishing feature between a private limited company and a public limited company. Most companies, particularly small companies, are private.
    Private companies limited by shares are usually required to have the suffix 'Limited' (often written 'Ltd' or 'Ltd.') or 'Incorporated' ('Inc.') as part of their name, though the latter cannot be used in the UK or the Republic of Ireland; companies set up by Act of Parliament may not have Limited in their name. In the Republic of Ireland 'Teoranta' ('Teo.') may be used instead, largely by Gaeltacht companies. 'Cyfyngedig' ('Cyf.') may be used by Welsh companies in a similar fashion.
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Types Of Manufacturing Industry

  1. 1. <ul><li>Learning Objectives: </li></ul><ul><li>To understand that manufacturing industry can be categorised into 3 divisions </li></ul><ul><li>To classify characteristics of the 3 divisions of manufacturing industry </li></ul>
  2. 2. Types of Secondary (Manufacturing) Industry <ul><li>Secondary (manufacturing) industries make goods from raw material and/or assemble parts made by other companies. </li></ul><ul><li>Manufacturing industry can be divided into 3 divisions: </li></ul><ul><li>Heavy </li></ul><ul><li>Light </li></ul><ul><li>High-tech </li></ul>
  3. 3. <ul><li>Heavy Industry </li></ul><ul><li>Perform a variety of roles. For example, they may: </li></ul><ul><li>Refine minerals such as crude oil, into many different products </li></ul><ul><li>Smelt metals such as iron ore, into steel </li></ul><ul><li>The works usually cover a large area of land; pollution from their chimneys may be obvious many kilometres away. </li></ul><ul><li>They do not add to the scenic beauty of the landscape, but they are necessary because they provide the materials many light industries use for consumer goods. </li></ul>
  4. 4. Light and High-tech Industries They are combined under one heading – footloose industries. The term footloose refers to their greater freedom to choose a location compared with heavy industries. This freedom comes from having low raw material demands and the need only for small factories, which means that suitable sites are widely available Final products are high in value and low in weight, can be easily distributed by road. New factories have pleasant locations on the rural-urban fringe surrounded by green areas.
  5. 6. Heavy Light High-tech
  6. 7. <ul><li>Involved in the making of goods from raw materials </li></ul><ul><li>Large-scale industry </li></ul><ul><li>Small-scale industry </li></ul><ul><li>Make small products, mainly to be brought by individuals </li></ul><ul><li>Make high-value products using modern technology </li></ul><ul><li>Large factories/plants covering large areas of land </li></ul><ul><li>Small-scale factory units on industrial estates </li></ul><ul><li>Housed in small units on business parks </li></ul><ul><li>Heavy capital investment needed </li></ul><ul><li>Investment required for research and development </li></ul><ul><li>Only a limited amount of capital investment is required. </li></ul><ul><li>Make large products often brought by other manufacturing companies </li></ul><ul><li>Examples include steel, oil-refining, chemicals, engineering and ship building </li></ul><ul><li>Examples include electrical goods, clothing, food-processing and toys </li></ul><ul><li>Examples include computers, business systems, microprocessors and communications equipment </li></ul><ul><li>Produces high levels of pollution </li></ul><ul><li>Their appearance spoils the landscape </li></ul><ul><li>Also known as footloose industries </li></ul><ul><li>Majority of finished products are transported by road. </li></ul><ul><li>Locate on the rural-urban fringe. </li></ul>