Fonterra announces lift in Farmgate Milk Price and FY25 earnings guidance
Fonterra Co-operative Group Ltd has revealed a 50 cent increase in its 2024/25 forecast Farmgate Milk Price midpoint, now sitting at $9.00 per kgMS.Â
Small business optimism declines as expectations for better business conditions worsens in December
The NFIB Small Business Optimism Index declined 2.1 points in December to 89.8, marking the 12th consecutive month below the 49-year average of 98.
XTEK expects record revenue of $88m in upgraded FY23 forecast
Defence industry company XTEK has updated its FY23 results guidance, anticipating record revenues for FY23 of between $86 million to $88 million up by circa 50 per cent compared to the previous recorded revenue of $58.2 million.Â
Jervois submits loan application under US DOE manufacturing initiative
Australian cobalt company Jervois Global Limited has submitted an application to the United States Department of Energy (DOE) Loan Program Office to finance its proposed greenfield US cobalt refinery.Â
Australian dairy expects another favourable season with firm milk prices, says Rabobank
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.
US manufacturing records slowest expansion pace in October
The US manufacturing sector’s market activity has registered a 50.2 per cent rate for the month of October, recording a 0.7-point slip from September’s results.Â
Quickstep to supply F-35 vertical tail components in new contract
Quickstep Holdings has secured an $11.3 million purchase order for its Lot 17 F-35 vertical tail components from Marand Precision Engineering, a longstanding to Quickstep on the F-35 program.Â
PPK Group’s material interest acquisition with PowerPlus Energy now unconditional
Technology investor PPK Group Limited said its agreement to purchase a 33 per cent interest in Victoria-based storage battery manufacturer PowerPlus Energy is now unconditional.Â
Markforged reveals 10% increase in revenue amid strong manufacturing resiliency
American additive manufacturing company Markforged has reported that its first quarter results revenue increased by 10 per cent, to $24.1 million (AUD 36 million) from $21.9 million (AUD 32.7 million) in the same period of the prior year.Â
Sparc’s new Adelaide-based graphene manufacturing facility now underway
Sparc Technologies said construction has begun for its new modular and scalable manufacturing facility for graphene-based additive products in Adelaide.Â
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APS Industrial expands regional footprint with Control Technologies acquisition
APS Industrial (APS) is expanding its regional presence through the acquisition of Albury-based Control Technologies, a move the industrial products supplier said will strengthen its local service capability and support further investment in warehousing, stockholding and technical support.
