Wednesday, July 3, 2024

Aussie dairy farmers poised for another profitable year despite expected price decrease

Australia’s dairy farmers are on track for a fifth consecutive year of profitability, despite forecasts of lower minimum farmgate milk prices for the upcoming season, according to a recent industry report.

Australian cake and pastry manufacturers face competitive, consumer shifts – report

The Cake and Pastry Manufacturing industry in Australia is experiencing significant shifts due to evolving consumer preferences, volatile commodity prices, and intense competition, according to a recent report published by IBISWorld.

Global dairy market faces slower price recovery, but remains positive: Rabobank report

Rabobank's latest sector research indicated a potentially slower-than-expected price recovery in the global dairy market, with China exhibiting reduced demand for dairy imports.

Orica reports strong half-year performance driven by core blasting business

Orica has reported robust financial results for the half-year period driven by a surge in earnings from its core blasting business and growth in technology and digital solutions.

Global manufacturing sector maintains growth momentum in April – JP Morgan PMI

In April, the global manufacturing sector maintained its upward trajectory, driven by increased output and new orders, signalling sustained recovery, according to the latest data from the JP Morgan Global Manufacturing PMI.

Aussie manufacturing sector records slower contraction in April – Judo Bank

Australia’s manufacturing sector experienced a slight contraction in April, but the pace of deterioration was notably slower than in previous months, according to the latest data from Judo Bank's PMI report.

March sees surge in global manufacturing output – JP Morgan PMI report

In a promising sign for the global economy, March witnessed a robust acceleration in the rate of growth in manufacturing production, reaching its highest level since June 2022, driven by a surge in new orders.

Australian manufacturing sector faces steepest decline since May 2020, Judo Bank PMI shows

The latest data released by Judo Bank reveals a concerning trend for Australia's manufacturing sector, as conditions deteriorated at the fastest rate since May 2020.

Aussie manufacturing PMI re-enters contractionary territory in February – Judo Bank

Market conditions in Australia’s manufacturing sector deteriorated in February due to sharper falls in output and volumes of outstanding business amid a quicker decline in new orders. 

RWC signs $160M acquisition of Holman Industries

Reliance Worldwide Corporation (RWC) has agreed to acquire Holman Industries, a leading manufacturer and distributor of branded plumbing and watering products in Australia, for $160 million. 
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The future of steel engineering: Using CRM systems across supply chains

The construction industry has undergone significant transformation over the past twenty years. Speedpanel, a leading Australian manufacturer of lightweight, fire-rated, and acoustic wall systems, made a groundbreaking entrance in the early '90s, revolutionising the Australian construction landscape.