Market News

Australia’s manufacturing sector continued to expand in September, although at a slower pace, according to the latest S&P Global Australia Manufacturing Purchasing Managers’ Index (PMI) report.

Titomic has received two purchase orders for its newly launched Titomic D623 medium-pressure cold spray system, for a total of $270,000. 

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...

Australia’s manufacturing sector moved back into contraction in March, according to data from S&P Global, with the downturn driven by weaker demand and rising cost pressures linked in part to geopolitical tensions.

Matrix Composites & Engineering has received a contract, projected to be valued at $4 million, to supply offshore drilling contractor TransOcean with drilling riser buoyancy modules. 

Despite growing economic difficulties in the additive manufacturing (AM) global market, the first quarter of 2023 saw double-digit sequential growth to USD 3.7 billion (AUD 5.5 billion) compared to USD 3.4 billion (AUD 5 billion) during the same period of the prior quarter in, according to latest data from SmarTech Analysis. 

A recent study by SkyQuest Technology Consulting has found that the 3D printing construction market is projected to surpass USD 397.5 billion by 2030 at a CAGR of 87.38 per cent from 2023 to 2030.

Market conditions in Australia’s manufacturing sector deteriorated in February due to sharper falls in output and volumes of outstanding business amid a quicker decline in new orders. 

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. 

Defence industry company XTEK has updated its FY23 results guidance, anticipating record revenues for FY23 of between $86 million to $88 million up by circa 50 per cent compared to the previous recorded revenue of $58.2 million.