War in Iran dampens NZ manufacturing optimism despite continued growth
New Zealand’s manufacturing sector continued to expand in March, but at a slower pace, according to the latest BusinessNZ PMI report.
PPK Group to purchase material interest in PowerPlus Energy
ASX-listed PPK Group Limited has begun a series of conditional transactions to acquire a material interest in Australia-based privately owned lithium battery manufacturer PowerPlus Energy.Â
XTEK to deliver ballistic body armour to European customer
XTEK Limited’s HighCom Armor Solutions business unit has secured a $2.6 million purchase order from an undisclosed European customer for its ballistic body armour.Â
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Australian industry remains in contraction for a year— Ai Group
The Australian industry marked its 12th consecutive month in construction territory after seeing a fallback in demand and activity in April.Â
BluGlass launches GaN laser product suite in San Francisco, expands customer base in Q1...
Australian semiconductor developer BluGlass Limited rolled out the first suite of its commercial gallium nitride (GaN) laser products for customer purchase at Photonics West in San Francisco in January, according to the company's latest quarter activities update.Â
Australia’s 4.6% decline in labour productivity driven by pandemic, low unemployment rate
The Productivity Commission’s 2023 Bulletin has revealed that the 4.6 per cent fall in labour productivity for the 12 months to March 2023 is brought about by the unwinding of COVID-19-related effects and historically low unemployment rate.
China’s manufacturing sector sees growth amid pandemic restrictions
The Caixin China General Manufacturing PMI has increased to 51.6 in February 2023 from 49.2 in January, marking the first uptick in the sector since last July and the highest reading in eight months, after an abrupt shift in COVID policy.Â
Quickstep releases financial results for first half of FY23
Aerospace and composites manufacturing giant Quickstep Holdings has generated total revenue of $45.4 million for the first half of fiscal year 2023, which ended 31 December 2022.
Global dairy market faces slower price recovery, but remains positive: Rabobank report
Rabobank's latest sector research indicated a potentially slower-than-expected price recovery in the global dairy market, with China exhibiting reduced demand for dairy imports.
Fonterra reports strong earnings amid challenges in FY23
New Zealand dairy giant Fonterra announced its financial results for the fiscal year ending on 31 July 2023, with full-year earnings of 95 cents per share, with a profit after tax of $1.6 billion and a final Farmgate Milk Price of $8.22 per kgMS for the 2022/23 season.Â
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Modular switchgear built for faster, verified panel builds
As switchboard builders face tighter programmes and increasing scrutiny around compliance, the way enclosure, busbar and separation concepts work together has a direct impact on build time and verification effort.
