March sees surge in global manufacturing output – JP Morgan PMI report
In a promising sign for the global economy, March witnessed a robust acceleration in the rate of growth in manufacturing production, reaching its highest level since June 2022, driven by a surge in new orders.
Cicada Innovations signs partnership with India’s mach33.aero to bolster international space collaboration
Cicada Innovation’s National Space Industry Hub has ventured into a partnership with India-based deep tech incubator mach33.aero to establish a bilateral international space collaboration...
Quickstep looks to expand Aftermarket unit after review
Quickstep, a leading aerospace composite business in Australia, has decided to keep its Aftermarket business as a core part of the company and is planning to enhance the business through several new growth initiatives
US private sector’s output drives fastest uptick in business activity in a year
The United States private sector saw a renewed expansion in business activity in March as manufacturers and service providers in the country reported upturns in output, with service sector firms driving the increase.
ReNu Energy invests in Vaulta’s recyclable battery casing technology
ASX-listed company ReNu Energy is expanding its renewable and clean energy portfolio with a $1 million investment in Australian battery casing tech company Vaulta.
Orica appoints Kim Kerr as chief financial officer
Global mining company Orica has appointed Kim Kerr as its new chief financial officer, effective 11 October.
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.
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...
XTEK hits record high of $48.5m in H1 FY23
Defence industry company XTEK has delivered a record half-year revenue of $48.5 million as it maintained its sharp focus on core capabilities and the implementation of its strategic plan, the company said in its recent results investor update.
Archer Materials moves quantum tech from lab to wafer-scale manufacturing
Archer Materials is transitioning its qubit development program from laboratory-scale work to wafer-scale manufacturing using semiconductor industry-standard processes.
Featured Article
How growth capital is helping an Australian manufacturer go global
There’s a particular kind of ingenuity that flourishes in regional Australia. Away from the noise of major business centres, founders build companies that quietly become world leaders in their field, solving deep specialised problems that global markets didn’t know could be solved. Modra Technology, based in Warragul in regional Victoria, is one of those companies.
