BlueScope announces $851m EBIT for FY2023’s first half
ASX-listed steelmaker BlueScope has posted an underlying EBIT of $851 million and a net profit after tax (NPAT) of $599 million for the first half of fiscal year 2023.Â
Austal launches largest ferry built at its Philippines shipyard
Shipbuilder Austal Philippines has delivered the 115-metre, high-speed vehicle-passenger ferry Express 5, the largest ferry constructed by an Austal shipyard.
Unleashed report reveals Aussie manufacturers’ resilience amid ‘squeezed middle class’
In a recent report released by inventory management software provider Unleashed, the state of Australian manufacturers is revealed to be in good health overall, with a Manufacturing Health Index score of 63 out of 100.
FBR’s Hadrian X robot sets new speed record laying construction blocks
Robotic technology developer FBR Limited’s first next-generation Hadrian X robot has achieved a lay speed record of over 300 blocks per hour using USA format cement masonry blocks.Â
AML3D to manufacture subsea pipeline fittings for Chevron
AML3D has received a $215,000 purchase order from Chevron Australia for the delivery of two subsea pipeline fittings.Â
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.Â
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Australian airline Rex invests in electric-powered, emission-free aviation
Australian independent regional and domestic airline Regional Express (Rex) has announced an investment in Dovetail Electric Aviation, the company pioneering the conversion of turbine-powered aircraft to electric, emission-free propulsion.Â
Amaero announces revised capital expenditure, EBITDA breakeven timeline
Amaero International, an ASX-listed company with manufacturing and corporate headquarters located in Tennessee, USA, has updated its financial guidance, revising key projections for capital expenditures and EBITDA breakeven timelines.
Alcoa reports Q4 2023 earnings with focus on cost reduction, production curtailment
In the wake of Alcoa Corp's fourth-quarter 2023 earnings release, ASX-listed Alumina Limited has highlighted key developments in the AWAC joint venture and underscores the company's commitment to navigating the challenging market conditions.
Manufacturing PMI drops to three-month low in June – Judo Bank
The headline seasonally adjusted Judo Bank Australia Manufacturing Purchasing Manager’s Index (PMI) posted 47.2 in June, down from 49.7 in May.
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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.
