Craft beer boom drives growth in Australia’s beer manufacturing sector
The Australian beer manufacturing industry has experienced steady revenue growth over the past decade, despite a decline in per capita beer consumption, according to a market research report by IBISWorld.
Fonterra announces lift in Farmgate Milk Price and FY25 earnings guidance
Fonterra Co-operative Group Ltd has revealed a 50 cent increase in its 2024/25 forecast Farmgate Milk Price midpoint, now sitting at $9.00 per kgMS.
Australia’s manufacturing sector contracts for seventh month despite export gains – Judo Bank
Australia's manufacturing sector remained under pressure midway through the third quarter of 2024, with the latest Purchasing Manager’s Index (PMI) data from Judo Bank indicating ongoing deterioration in sector conditions.
Austal’s EBIT rises to $56.5M in FY2024 amid record $12.7B order book
Austal Limited announced its financial results for the fiscal year ending 30 June 2024 (FY2024), reporting a significant turnaround with Earnings Before Interest and Tax (EBIT) of $56.5 million.
VEEM reports record financial results for FY24: NPAT soars by 70% to $7M
VEEM, a prominent designer and manufacturer of high-technology marine propulsion and stabilisation systems, has announced record financial results for the year ending 30 June 2024.
BlueScope posts $805.7M NPAT for FY2024 amid industry challenges
BlueScope has reported a net profit after tax (NPAT) of $805.7 million for FY2024, marking a $203.5 million decline from FY2023.
Amaero announces revised capital expenditure, EBITDA breakeven timeline
Amaero International, an ASX-listed company with manufacturing and corporate headquarters located in Tennessee, USA, has updated its financial guidance, revising key projections for capital expenditures and EBITDA breakeven timelines.
Manufacturing sector faces persistent challenges amid contraction – Ai Group
The latest Ai Group Australian Industry Index for June shows that the manufacturing sector remains in contraction, with the index rising 14.7 points to -25.6 points, marking 26 consecutive months of decline.
Manufacturing PMI drops to three-month low in June – Judo Bank
The headline seasonally adjusted Judo Bank Australia Manufacturing Purchasing Manager’s Index (PMI) posted 47.2 in June, down from 49.7 in May.
JP Morgan reveals global manufacturing output hits 22-month high in May
The global manufacturing sector experienced an upswing in May, with significant improvements in both output and new orders, according to the JP Morgan Global Manufacturing PMI.
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Data-rich or data-poor: Where should manufacturers focus their AI efforts?
Over the past year, manufacturers worldwide have made significant strides in adopting artificial intelligence technologies, moving beyond the initial hype to tangible implementations that deliver real business value.
