Schaffer posts $5m NPAT in FY23 half-year results
Automotive leather manufacturing company Schaffer Corporation Limited has reported 1H23 statutory net profit after tax (NPAT) of $5.1 million, reflecting a difficult first half for the Automotive Leather Division.
Additive manufacturing set to drive $110B market by 2034, reports AM Research
Additive Manufacturing Research (AM Research) has released an updated analysis projecting that additive manufacturing (AM) applications will reach $24.5 billion in market impact by 2025 and expand to $110 billion by 2034.
New Zealand’s PMI contracts to 49.3 points in October
The New Zealand manufacturing industry’s market activity slipped into contraction territory in October.
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.
Quickstep to supply F-35 vertical tail components in new contract
Quickstep Holdings has secured an $11.3 million purchase order for its Lot 17 F-35 vertical tail components from Marand Precision Engineering, a longstanding to Quickstep on the F-35 program.
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.
Australia’s manufacturing sector contracts for seventh month despite export gains – Judo Bank
Australia's manufacturing sector remained under pressure midway through the third quarter of 2024, with the latest Purchasing Manager’s Index (PMI) data from Judo Bank indicating ongoing deterioration in sector conditions.
EMVision bags $1.75m manufacturing grant payment
Brain imaging company EMVision Medical Devices Limited has received a cash progress payment of $1,750,000 under its Modern Manufacturing Initiative (MMI) grant award.
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.
General Motors taps Aussie company Element 25 to help expand US EV supply chain
Element 25, a producer of manganese concentrate in Western Australia, has partnered with General Motors to support the production of over 1 million electric vehicles (EV) in North America.
Featured Article
How growth capital is helping an Australian manufacturer go global
There’s a particular kind of ingenuity that flourishes in regional Australia. Away from the noise of major business centres, founders build companies that quietly become world leaders in their field, solving deep specialised problems that global markets didn’t know could be solved. Modra Technology, based in Warragul in regional Victoria, is one of those companies.
