S&P Global: Aussie manufacturing sector loses momentum in June
Australia’s manufacturing sector experienced a further slowdown in growth in June, according to the latest S&P Global Australia Manufacturing Purchasing Manager’s Index™ (PMI) data.
Australia’s annual wage growth hits record high
The Australian Bureau of Statistics’ (ABS) reported Wage Price Index (WPI) for the December quarter showed an increase in wages of 3.3 per cent yearly and 0.8 per cent from the September quarter.
Orora sees first half earnings soar to $165.8m, up 7.3%
Australia-based global packaging manufacturer Orora has announced its financial results for the half year with earnings before interest and tax (EBIT) of $165.8 million, up 7.3 per cent driven by strong earnings growth in North America and robust earnings performance in Australasia.
Orbital UAV to complete UAV engine project for Singapore customer
Australian drone manufacturer Orbital UAV said it secured a $2 million contract with a major Singapore customer to continue and complete a multi-fuel unmanned aerial vehicle (UAV) engine program.
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.
Manufacturing growth slows in February as S&P Global PMI signals softer expansion
Australia’s manufacturing sector remained in expansion in February, but growth lost momentum as new orders slowed and output edged into contraction, according to the latest Purchasing Managers’ Index (PMI®) data released by S&P Global.
Ampcontrol buys Androck to support industry decarbonisation
Australian electrical engineering company Ampcontrol has acquired Hunter-based Androck Engineering & Mining to expand renewable energy manufacturing and boost the low-carbon economy transition.
Energy market watchdog AEMO issues urgent call for Marinus Link project development
The Australian Energy Market Operator (AEMO) has highlighted the urgent need for reliable and clean energy that will come from the Marinus Link energy...
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.
Hazer delivers positive half-year results, expands strategic partnerships
Hazer Group has reported a strong start to the financial year, outlining key operational and financial achievements in its half-year results for FY25.
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AMCA Impact Study highlights AI’s role in improving HVAC safety compliance
A new AMCA Impact Study has highlighted the growing challenge of helping HVAC contractors access reliable safety and compliance information quickly, particularly for small and medium-sized businesses operating in Australia's highly regulated construction environment.
