Australia’s manufacturing sector returns to growth in November, S&P Global data shows
Australia’s manufacturing sector returned to expansion in November, supported by rising new orders and production, according to the latest PMI data from S&P Global.
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.
XTEK receives new SUAS spare parts order from Australian Defence
ASX-listed international defence industry company XTEK Limited secured a $3.4 million order contract with the Australian Department of Defence for the delivery of spare parts in support of its existing Small Unmanned Aerial Systems (SUAS) fleet.
Imricor gets green light to enter Saudi Arabian market
Imricor Medical Systems, an ASX-listed developer of MRI-compatible medical devices, has received Medical Marketing Authorisation from the Saudi Food & Drug Authority (SFDA).
4DMedical receives gov’t funding to further develop lung scanner tech
Australian respiratory imaging tech company 4DMedical Limited has secured $1.1 million in funding from the Clinical Translation and Commercialisation Medtech (CTCM) program, an initiative of the Medical Research Future Fund delivered by MTPConnect.
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.
BAE Systems builds momentum after winning record $65b in new orders
BAE Systems has delivered another strong year of performance in 2022, both financially and operationally, with a record order intake of £37.1 billion (AUD 65.4 billion), driving the company’s defence order backlog up to £59 billion (AUD 104 billion).
Prestons logistics asset transacts for $58.255 mil at 3.35%
Pittwater Industrial purchases what may prove to be the most impressive industrial investment of 2022
Novonix unveils results of Hatch’s engineering study on proprietary zero-waste cathode synthesis process
Novonix, an ASX-listed manufacturer of battery materials and technology, has announced the results of the Hatch engineering report on its proprietary cathode synthesis process.
DroneShield to supply equipment, services with $33m US gov’t contract
Counter-UAS solutions manufacturer DroneShield has received a record $33 million order from a U.S. government agency to supply equipment as well as multi-year services.
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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.
