Market News

Global mining company Orica has appointed Kim Kerr as its new chief financial officer, effective 11 October. 

The Electric Vehicle Council has published its annual State of Electric Vehicles report, revealing that while EV sales are expected to more than double in 2023, Australia will continue to trail behind comparable nations in terms of customer choice unless critical legislative reform is implemented.

Global manufacturing activity continued to expand in July, although the pace of improvement eased for a second straight month, according to the latest J.P.Morgan Global Manufacturing PMI®, which showed sustained growth in production, new orders and employment while highlighting ongoing uncertainty surrounding the sector.

Australian biotech company Noxopharm Limited unveiled today its new preclinical product candidate from its Sofra technology platform that has shown effectiveness against inflammatory skin disease in preclinical models

Aerospace composite manufacturer Quickstep has collaborated with the Sovereign Manufacturing Automation for Composites CRC (SoMAC CRC) and Deakin University’s Institute for Intelligent Systems Research and Innovation to help address the high cost of large-scale composite production. 

Australian dairy manufacturers can look forward to another favourable season in 2023/24, with the industry set for its fourth consecutive profitable year, according to Rabobank's recently released annual Australian Dairy Seasonal Outlook.

New Zealand dairy giant Fonterra announced its financial results for the fiscal year ending on 31 July 2023, with full-year earnings of 95 cents per share, with a profit after tax of $1.6 billion and a final Farmgate Milk Price of $8.22 per kgMS for the 2022/23 season. 

Australia’s manufacturing sector has seen a further expansion in February amid a moderated decrease in new orders as firms worked through their outstanding orders. 

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. 

Graphitic materials provider First Graphene said it is slated to begin one of the world’s largest-scale trials of graphene-enhanced green cement in June.