Tritium achieves record first-half revenue, secures $75M in financing
Tritium, a Brisbane-based manufacturer of electric vehicle chargers, has released its first-half calendar year and full fiscal year results, reporting record revenue of $112 million for the first half of 2023, marking a remarkable year-over-year increase of over 286 per cent.Â
Eurozone’s final manufacturing PMI in 2022 rises to 3-month high
Eurozone’s manufacturing sector has eased up further in the last month of 2022 following softer inflationary pressures and more stable supply-chain conditions created some respite for goods producers.Â
Australian craft brewers ramp up production but are held back by unplanned downtime
Media Release by OFS
Research from OFS shows a 7.6% surge in craft beer production from April to June compared with the previous three...
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.
Quickstep delivers record order book, books extensive drone contracts in FY23
Quickstep, a manufacturer of aerospace composites, has published an update on its business performance for FY23, delivering a record-breaking forwards order book for FY24 and FY25 and receiving $264 million in new orders and order commitments.
Australian food and grocery industry exhibits growth despite pandemic’s economic pressures, says watchdog
Australia’s food and grocery manufacturing sector has seen a growth in value in 2020 and 2021— to approximately $133.6 billion— despite disruptions caused by...
DroneShield unveils new DroneGun Mk4 in response to user feedback
DroneShield has introduced a game-changing new product, DroneGun Mk4TM, following considerable development in response to end-user input, the company announced in a press release.Â
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.
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).Â
Manufacturing sector contraction slows, new export orders rise – Judo Bank
Australia's manufacturing sector continued to experience a slight deterioration in operating conditions during May, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank.
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Responding to manufacturing demand and performance signals
Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.
