Australian industry slips further into contraction over fall in new orders
The Ai Group Australian Industry Index slumped further in March as the industry sees a fall in demand, while the manufacturing sector rebounded led by improvements in the chemicals and food & beverage sectors.
Austal revenue tops $2B as Australasian earnings reach record high
Austal has reported revenue of more than $2 billion for the 2026 financial year, while its Australasian operations delivered record earnings despite the shipbuilder recording a group-wide loss linked to provisions on US contracts.
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.
BlueScope sees net profit falls in FY2023; announces Port Kembla furnace relining and upgrade
BlueScope has made a $1.15 billion investment in the relining and upgrade of the No.6 Blast Furnace (6BF) Port Kembla Steelworks and announced a dip in profit in fiscal year 2023.
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.
War in Middle East drives Japan’s sharpest supply delays in 15 years
Japan’s manufacturing industry experienced a significant rebound at the start of the second quarter of the year, marking its healthiest performance in over four years.
Global manufacturing activity rebounds in August, JP Morgan reports
Global manufacturing conditions showed signs of recovery in August, with output, new orders, and employment all returning to growth, according to the latest JP Morgan Global Manufacturing PMI.
Anteris marks first successful implantation of DurAVR THV heart valve
ASX-listed biotechnology company Anteris Technologies has announced the successful use of its DurAVR THV biomimetic valve in a valve-in-valve (ViV) procedure.
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.
Silex eyes nuclear fuel production with GLE, Dominion Energy cooperation
Australian laser enrichment technology developer Silex Systems has announced that Global Laser Enrichment (GLE) and Dominion Energy Services have signed a non-binding letter of intent to spearhead cooperation in the nuclear fuel supply chain.
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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.
