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.
Alcoa reports $231m net loss as production, shipments decline in Q1
Australian mining firm Alumina Limited announced Alcoa Corporation’s Q1 earnings results, revealing a loss of $231 million, which is a significant contrast to the profit the company recorded in the same period a year earlier, owing to a decrease in shipments and production.
Orica acquires leading geospatial tools maker Axis Mining Technology
ASX-listed mining company Orica has completed the acquisition of Axis Mining Technology, a manufacturing leader for specialised geospatial tools and instruments for the mining industry.
XTEK’s HighCom receives $2.8M ballistic armour order from int’l customer
XTEK Limited’s HighCom Armor Solutions business has secured a $2.8 million order to supply its high-end ballistic body armour products to an undisclosed international customer.
Graphene Manufacturing to raise $5 million in ‘bought deal’
Graphen Manufacturing Group (GMG) has agreed to sell 1,819,000 units of its shares in a $5 million “bought deal.”
New Zealand manufacturing shows growth in August— survey
New Zealand’s manufacturing industry has seen yet another expansion for the month of August, according to the BusinessNZ Performance Manufacturing Index.
The sector’s seasonally adjusted...
Australian company Novonix to produce battery materials in MENA region
Battery technology company Novonix has partnered with TAQAT Development Company to establish an incorporated joint venture that will produce anode materials needed for manufacturing...
Global manufacturing PMI remains in contractionary territory at end of 2023
The global manufacturing sector continued to see contractionary conditions in the last month of 2023 as intakes of new business shrunk further, driving production to decline for the seventh consecutive month.
DroneShield secures another $11m government order for counter-drone system
ASX-listed DroneShield said a government agency customer has made an $11 million purchase order for its counter-drone/counter-unmanned aircraft systems (UAS) equipment
ACTU calls for 7% pay rise for lowest-paid workers to keep up with inflation
The Australian Council of Trade Unions (ACTU) is calling for a seven per cent pay rise for workers, which would lift the minimum hourly rate to $22.88 and the minimum annual full-time rate by $2966 to take it to $45,337.28.
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