New Zealand’s PMI dips by 2.8 points in September
New Zealand’s manufacturing industry saw a slower expansion rate in September, according to the latest BusinessNZ Performance Manufacturing Index.
Austin Engineering anticipates 18% surge in 1H FY24 revenue
Global engineering firm Austin Engineering has shared positive news with a forecasted 18 per cent improvement in its first-half results for the financial year ending 30 June 2024 (1H FY24).
Rio Tinto expands US production with new copper supply investment
Rio Tinto is strengthening its position in the US copper supply chain by investing in its Kennecott mine near Salt Lake City, Utah, through funding worth $498 million intended for the development of an area known as the North Rim Skarn (NRS).
4DMedical partners with Philips to expand US Defence commercialisation
ASX-listed imaging technology developer 4DMedical Limited has signed a teaming agreement with Koninklijke Philips, a leading global healthcare company, to commercialise 4D Medical’s XV Technology within the US Department of Veterans Affairs.
US Manufacturing PMI inched up to 47.7% in February
The February Manufacturing PMI in the United States of America has registered 47.7 per cent, 0.3 percentage points higher than the 47.4 per cent recorded in January, according to the nation's supply executives in the latest Manufacturing Institute for Supply Management (ISM) Report On Business.
Orbital kickstarts UAS engine delivery for Australian Army contract
Orbital UAV has begun the delivery of engine builds for Insitu Pacific’s next-generation tactical UAS for the Australian Army.
Contractionary conditions ease for Aussie industries in September – Ai Group
The Ai Group Australian Industry Index has witnessed a reduction in contractionary conditions, marking an improvement of 8.2 points to reach a seasonally adjusted value of -3.5 points in September 2023.
Incitec Pivot sells US ammonia facility for $2.5b
Incitec Pivot Limited has agreed to sell its ammonia manufacturing facility in Waggaman, Louisiana to CF Industries Holdings, Inc. (CF) for USD 1.675 billion (AUD 2.5 billion).
Australian manufacturers’ economic outlook slumps in December
The outlook for Australia’s manufacturing sector has taken a dive in December following a sharp decrease in industry output, according to the latest Industrial Trends Survey conducted by Westpac and the Australian Chamber of Commerce and Industry (ACCI).
New Zealand manufacturing shows growth in August— survey
New Zealand’s manufacturing industry has seen yet another expansion for the month of August, according to the BusinessNZ Performance Manufacturing Index.
The sector’s seasonally adjusted...
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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.
