Global manufacturing index declines for the first time since 2020
Business conditions in the global manufacturing sector have made a gloomy turn in September, according to JPMorgan Global Manufacturing Purchasing Managers’ Index (PMI).
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DroneShield secures portable counter-UAS orders for $2.2m
ASX-listed DroneShield has received two orders totalling approximately $2.2 million for a number of its handheld systems, including the recently launched DroneGun Mk4 portable drone countermeasure equipment.
Nutritional Growth Solutions expands US market presence through Walmart
Nutritional Growth Solutions, a global provider of pediatric nutritional products, is rolling out its new Happy Tummies supplement in Walmart stores across the United States, following the initial performance of its Kidz Protein products.
Cement maker James Hardie posts $201 million APAC income for Q1 2023
ASX-listed cement manufacturing company James Hardie Industries has posted a $200.1 million revenue from its fibre cement segment sales in the Asia Pacific for...
Global 3D printing high-performance plastic market expected to grow at 8.5% CAGR by 2029
The market for high-performance plastics used in 3D printing is expected to expand significantly between 2023 and 2029, with a compound annual growth rate (CAGR) of 8.45 per cent, reaching a value of USD 184.5 million by that year, according to market research firm BlueWeave Consulting.
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.
Austin Engineering announces financial report for FY2022
ASX-listed global engineering firm Austin Engineering has reported a 525 per cent growth in net profit after tax (NPAT) in its 2022 financial report.
Austin...
Report: Additive manufacturing industry sees growth, revenues to hit $25b by 2025
The additive manufacturing (AM) market is predicted to grow at a rapid pace, by roughly 23 per cent, to $13.5 billion (AUD 20.2 billion) in 2022, and is projected to be worth $25 billion (AUD 37 billion) by 2025, based on the most recent market statistics by SmarTech Analysis.
Orora reports significant increase in earnings with underlying EBIT up by 12.3%
Sustainable manufacturer Orora Beverage announced its full-year financial results, with strong performance increases to underlying earnings before interest and tax (EBIT) of $320.5 million, up 12.3 per cent.
CSR Limited improves NPAT by 17% with strong business performance, manufacturing productivity
CSR Limited, a major Australian industrial company, has reported a net profit after tax (NPAT) of $225 million for the fiscal year ended 31 March 2023, up 17 per cent from $193 million the previous year.
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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.
