Matrix wins contract to manufacture drilling riser buoyancy modules for TransOcean
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.
Quickstep to manufacture F-35 components for Northrop Grumman
Northrop Grumman has signed a six-year contract with Quickstep Holdings for the delivery of Australian-made components for the F-35 aerospace program.
Australian dairy expects another favourable season with firm milk prices, says Rabobank
Australian dairy manufacturers can look forward to another favourable season in 2023/24, with the industry set for its fourth consecutive profitable year, according to Rabobank's recently released annual Australian Dairy Seasonal Outlook.
Titomic doubled down on revenue diversification in FY22
Global cold-spray additive manufacturing company Titomic has reported a sales revenue of $3.8 million for fiscal year 2022, a seven-time increase compared to that...
Schneider Electric names former Kimberly Clark exec as supply chain VP
Energy management and automation Schneider Electric has appointed Tina Hu as the new vice president for global supply chain and customer experience for Pacific...
DroneShield expects all-time high revenue for 2022
Counterdrone system manufacturer DroneShield said it is on its way to posting a new all-time high record revenue for 2022, with the industry’s continuous rapid global growth.
Stratasys and Desktop Metal to merge in deal valued at USD 1.8b
Additive manufacturing companies Stratasys and Desktop Metal have announced they have entered into a definitive agreement where the two companies will combine in an all-stock transaction valued at around USD 1.8 billion (AUD 2.77 billion).
Australia’s food industry adapts to post-pandemic market shifts – Rabobank
Australia’s food market is entering a "new normal" following a volatile five-year period shaped by the COVID-19 pandemic, supply chain disruptions, and inflationary pressures, according to a new Rabobank report.
JP Morgan: Global manufacturing shows resilience despite weak trade, job growth
The global manufacturing sector saw continued but modest expansion in October, with output and new orders both rising for the third consecutive month, according to the latest JP Morgan Global Manufacturing PMI released in collaboration with S&P Global Market Intelligence, ISM, and IFPSM.
Manufacturing among sectors supporting Australia’s rise in new capex, ABS says
Australia’s manufacturing sector featured prominently in the latest increase in business investment, with new capital expenditure rising 6.4 per cent in the September quarter, according to figures released by the Australian Bureau of Statistics (ABS).
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APS Industrial expands regional footprint with Control Technologies acquisition
APS Industrial (APS) is expanding its regional presence through the acquisition of Albury-based Control Technologies, a move the industrial products supplier said will strengthen its local service capability and support further investment in warehousing, stockholding and technical support.
