Fonterra raises earnings and milk collection forecasts for FY25
Fonterra Co-operative Group Ltd has indicated that its earnings for the 2025 financial year are expected to be in the upper half of its previously forecast range of 40 to 60 cents per share.Â
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.
Australia’s manufacturing growth eases as PMI slips to 51.4 in September
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.
Global factory output surge amid aggressive front-loading – JP Morgan
Global manufacturing production reached a near five-year high in May as clients purchased goods earlier to protect themselves against price increases and supply chain disruptions.
Sparc Technologies releases latest activities report with promising outcomes
Australian graphene production company Sparc Technologies has provided its June 2023 Quarterly Activities Report sharing continued progress in its graphene products, sodium-ion batteries as well as its research and development initiatives.
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.
DroneShield receives backing from US tech firm Epirus
ASX-listed tech provider DroneShield has received a $3.7 million investment from Epirus through a placement of 18,500,000 fully paid ordinary shares in DroneShield.Â
JP Morgan: Global factory activity expands for second month in September
Global manufacturing activity continued to expand in September, supported by rising output and new orders, according to the latest JP Morgan Global Manufacturing PMI report, compiled by JP Morgan in partnership with S&P Global Market Intelligence, ISM, and IFPSM.
Cann Group expects record revenue growth of 111% in FY23
Pharmaceutical company Cann Group Limited announced its FY23 unaudited results, with its operating revenue expected to be approximately $13.5 million, representing growth of 111 per cent or 2.1 times compared to the prior year revenue.
AML3D boosts US presence with new US Navy alloy testing contract
Wire Additive Manufacturing developer AML3D Limited has signed a contract for an alloy characterisation and testing program to support the US Navy’s submarine industrial base.Â
Featured Article
Behind the Australian Made logo: Six manufacturers shaping local industry
Australian manufacturers are continuing to invest in local production, innovation and sustainability across a wide range of industries. From textiles and packaging to construction and advanced manufacturing, Australian Made licensees are developing products tailored to local conditions while supporting Australian jobs and capabilities.
