Australian Manufacturing PMI in April reaches 35-month low amid weak demand
Weak demand in the Australian manufacturing sector has driven the country’s Purchasing Managers Index (PMI) to a 35-month low, according to the latest data from Judo Bank.Â
Halo Food subsidiary inks manufacturing agreement with Fonterra
ASX-listed Halo Food Co. Limited announced that its wholly owned subsidiary Keytone Enterprises has signed a multi-million-dollar deal with Fonterra to manufacture milk powder stock keeping units (SKUs).
Australian Producer Price Index reports positive figures as manufacturing input prices went up
The Australian Producer Price Index has increased by 5.2 per cent in Q1 year-over-year versus a forecasted 5.0 per cent, while input prices to manufacturing rose 0.6 per cent over the quarter and rose 5.0 per cent over the past 12 months.
Titomic’s expanded revenue strategy with new manufacturing milestones
Metal additive manufacturing company Titomic Limited’s revenue strategy has continued to gain momentum in the third quarter of 2023 after new channels were added to drive innovation in various manufacturing industries.Â
PPK Group’s material interest acquisition with PowerPlus Energy now unconditional
Technology investor PPK Group Limited said its agreement to purchase a 33 per cent interest in Victoria-based storage battery manufacturer PowerPlus Energy is now unconditional.Â
Mobilicom’s Q1 update shows $1.2m new orders for Tier-1 drone manufacturers
Drone manufacturer Mobilicom has continued to fulfil existing contracts and advance potential sales of its mobile ground control system with AUD 1.2 million new orders in Q1 FY23 from over 50 per cent of Tier-1 drone manufacturers.
Sparc Technologies secures nearly $1 million in R&D tax refund
Australian graphene production company Sparc Technologies has received a $934,195 research and development tax refund as part of the Australian government’s R&D tax incentive, relating to the 2022 financial year.Â
Weebit Nano raises $15 million in oversubscribed SPP
ASX-listed semiconductor developer Weebit Nano Limited has collected nearly $15 million in an upsized and scaled-back share purchase plan (SPP) for existing shareholders.Â
Jervois submits loan application under US DOE manufacturing initiative
Australian cobalt company Jervois Global Limited has submitted an application to the United States Department of Energy (DOE) Loan Program Office to finance its proposed greenfield US cobalt refinery.Â
AML3D posts record quarterly cash receipts amid boost in ARCEMY sales
Wire additive manufacturing developer AML3D Limited has received more than $1 million in customer cash receipts, setting a new quarterly earnings record for the company.Â
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