Australia’s manufacturing PMI hits near three-year high in August – S&P Global
Australia’s manufacturing sector expanded at its fastest pace in nearly three years in August, with stronger demand and a rebound in exports driving higher output, according to the latest S&P Global data.
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.
PPK Group acquires interest in lithium battery manufacturer PowerPlus Energy
PPK Group Limited, a technology incubation and commercialisation, has completed the acquisition of majority interest in PowerPlus Energy (PPE), Australia’s largest privately-owned lithium battery manufacturer.
Australian Producer Price Index reports positive figures as manufacturing input prices went up
The Australian Producer Price Index has increased by 5.2 per cent in Q1 year-over-year versus a forecasted 5.0 per cent, while input prices to manufacturing rose 0.6 per cent over the quarter and rose 5.0 per cent over the past 12 months.
Nightingale equips Blackbird drone with AWS AI systems
Drone manufacturing company Nightingale Intelligent Systems has ventured into a partnership with Amazon Web Services (AWS) to integrate the Blackbird Security Drone sensor data with AWS systems to create a highly advanced data analytics platform for intrusion detection, navigation, and life-safety use cases.
5E Advanced Materials kickstarts mining operations at 5E Boron Americas Complex
ASX-listed boron and lithium company 5E Advanced Materials has officially begun mining operations at its 5E Boron Americans Complex with the start of the wellfield injection process.
US private sector’s output drives fastest uptick in business activity in a year
The United States private sector saw a renewed expansion in business activity in March as manufacturers and service providers in the country reported upturns in output, with service sector firms driving the increase.
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.
XTEK expects record revenue of $88m in upgraded FY23 forecast
Defence industry company XTEK has updated its FY23 results guidance, anticipating record revenues for FY23 of between $86 million to $88 million up by circa 50 per cent compared to the previous recorded revenue of $58.2 million.
AML3D to manufacture subsea pipeline fittings for Chevron
AML3D has received a $215,000 purchase order from Chevron Australia for the delivery of two subsea pipeline fittings.
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