New Zealand’s manufacturing PMI on a ‘downward spiral’ in October
Market activity in New Zealand’s manufacturing industry has gone on a downward spiral into contraction in October, according to the latest BusinessNZ Performance of Manufacturing Index (PMI).
New orders drag down Australian manufacturing PMI in September, says Judo Bank
Australia’s manufacturing industry continued to see deteriorating conditions in September amid a sharper decline in new orders, including from abroad.
Silex Systems to drive laser enrichment tech commercialisation with $120m placement
Laser technology developer Silex Systems has raised $120 million from an institutional placement after receiving strong support from local and international investors.
AML3D secures $3m via shares placement
Metal additive manufacturing company AML3D said it raised $3 million through a placement of shares to a range of sophisticated investors.
Global manufacturing downturn in October marks longest deterioration sequence since 2002 – JP Morgan
The global manufacturing industry continued to see contractionary conditions in October as output declined for the fifth consecutive month dragged by further deterioration in new orders.
XTEK’s HighCom unit opens new distribution office in Poland
XTEK Limited’s HighCom Armor Solutions has established a new presence in Europe with a new European Sales & Distribution Office in Poland.
Australian cake and pastry manufacturers face competitive, consumer shifts – report
The Cake and Pastry Manufacturing industry in Australia is experiencing significant shifts due to evolving consumer preferences, volatile commodity prices, and intense competition, according to a recent report published by IBISWorld.
ARB Corp revenue slips 5.1% amid vehicle availability disruptions
ARB Corporation Limited is in the red on the release of the company’s first-half earnings, posting a 5.1 per cent sales revenue decline to $340.9 million compared with the prior period as vehicle availability continues to constrain sales in Australia and the United Kingdom.
Global manufacturing activity rebounds in August, JP Morgan reports
Global manufacturing conditions showed signs of recovery in August, with output, new orders, and employment all returning to growth, according to the latest JP Morgan Global Manufacturing PMI.
Schaffer posts $5m NPAT in FY23 half-year results
Automotive leather manufacturing company Schaffer Corporation Limited has reported 1H23 statutory net profit after tax (NPAT) of $5.1 million, reflecting a difficult first half for the Automotive Leather Division.
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