Australia’s annual wage growth hits record high
The Australian Bureau of Statistics’ (ABS) reported Wage Price Index (WPI) for the December quarter showed an increase in wages of 3.3 per cent yearly and 0.8 per cent from the September quarter.
J.P.Morgan: Global manufacturing activity reaches 55-month high as price pressures accelerate
Global manufacturing activity strengthened in September, with output and new orders increasing at their fastest rates in several years, according to the J.P.Morgan Global Manufacturing PMI®.
Austal delivers 4th Cape-Class Patrol Boat to Australian Navy
Austal Australia has completed the fourth delivery of Evolved Cape-class Patrol Boats (ECCPBs) to the Royal Australian Navy (RAN).
Production growth to slow as global dairy markets enter transition: Rabobank
Production growth in Australia’s dairy sector is expected to continue through the 2026/27 season, although at a more measured pace, as slowing global milk supply and rising demand for dairy proteins reshape market conditions, according to Rabobank.
Australian manufacturers to face enduring cost crisis in 2023
The Australian manufacturing sector is set to see a downward trend in the upcoming months as high inflation, spiralling energy costs, and ongoing labour shortage drag the industry's economic outlook, according to the latest ACCI-Westpac Survey of Industrial Trends.
Anteris awarded utility patent for novel transcatheter heart valve replacement
Australian biotechnology company Anteris Technologies announced that the US Patent and Trademark Office has issued another utility patent for its novel DurAVR transcatheter heart valve (THV).
Fonterra reports strong earnings amid challenges in FY23
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.
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.
Orbital UAV to raise $4M to boost engine development programs
Orbital UAV is raising $4 million through the issue of approximately 28.6 million new fully paid ordinary shares at an issue price of $0.14 per new share to support its existing engine development programs.
First Graphene to trial graphene-enhanced sustainable cement
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.
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Modular switchgear built for faster, verified panel builds
As switchboard builders face tighter programmes and increasing scrutiny around compliance, the way enclosure, busbar and separation concepts work together has a direct impact on build time and verification effort.
