Fonterra reports strong earnings amid challenges in FY23
New Zealand dairy giant Fonterra announced its financial results for the fiscal year ending on 31 July 2023, with full-year earnings of 95 cents per share, with a profit after tax of $1.6 billion and a final Farmgate Milk Price of $8.22 per kgMS for the 2022/23 season.
Orora sees first half earnings soar to $165.8m, up 7.3%
Australia-based global packaging manufacturer Orora has announced its financial results for the half year with earnings before interest and tax (EBIT) of $165.8 million, up 7.3 per cent driven by strong earnings growth in North America and robust earnings performance in Australasia.
Quickstep releases financial results for first half of FY23
Aerospace and composites manufacturing giant Quickstep Holdings has generated total revenue of $45.4 million for the first half of fiscal year 2023, which ended 31 December 2022.
Core Lithium opens Northern Territory’s first lithium mine
ASX-listed mining company Core Lithium has opened its $89 million Finniss Lithium mine in the Northern Territory.
Manufacturing and mining turnover decline in July, according to the ABS
Australia’s manufacturing industry’s turnover significantly slipped by 3.8 per cent in July, breaking the continuous rises of the sector in the five months prior,...
THL to buy SA’s leading RV dealer Camperagent RV
ASX-listed Tourism Holdings Limited (THL) has signed an agreement to acquire Camperagent RV Centre, an RV sales dealership based in South Australia.
Unleashed report reveals Aussie manufacturers’ resilience amid ‘squeezed middle class’
In a recent report released by inventory management software provider Unleashed, the state of Australian manufacturers is revealed to be in good health overall, with a Manufacturing Health Index score of 63 out of 100.
Manufacturing growth accelerates in January as output, orders and hiring strengthen, S&P Global says
Australia’s manufacturing sector recorded faster growth in January, with manufacturing output and new orders rising at quicker paces, according to the latest Purchasing Managers’ Index data from S&P Global.
IperionX to supply recycled titanium powder to SLM Solutions
IperionX Limited, a provider of sustainable titanium technologies, is delivering spherical titanium metal powders to global additive manufacturing system provider SLM Solutions under a newly signed memorandum of understanding (MOU).
Titomic secures sales of new D623 system to Germany, Spain
Titomic has received two purchase orders for its newly launched Titomic D623 medium-pressure cold spray system, for a total of $270,000.
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.
