Friday, November 22, 2024

New Zealand manufacturing shows growth in August— survey

New Zealand’s manufacturing industry has seen yet another expansion for the month of August, according to the BusinessNZ Performance Manufacturing Index.  The sector’s seasonally adjusted...

New orders drag down Australian manufacturing PMI in May— Judo Bank

The health of Australia’s manufacturing industry has continued to see a downturn in May, with the headline seasonally adjusted Judo Bank Australia Manufacturing PMI posting a 48.4, up from April’s 48.0. 

Fonterra announces lift in Farmgate Milk Price and FY25 earnings guidance

Fonterra Co-operative Group Ltd has revealed a 50 cent increase in its 2024/25 forecast Farmgate Milk Price midpoint, now sitting at $9.00 per kgMS. 

Global Manufacturing PMI’s decline eases in January— JP Morgan

Global manufacturing output and new orders have shown slower contraction in the first month of 2023, resulting in a 49.1 PMI score in January, up from December’s 48.7 rating. 

Hearing aid brand Cochlear sees positive FY 2022 financial results

ASX-listed hearing devices manufacturer Cochlear Limited has reported a record sales revenue of $1.6 billion for the end of fiscal year 2022, a whopping...

BlueScope posts $805.7M NPAT for FY2024 amid industry challenges

BlueScope has reported a net profit after tax (NPAT) of $805.7 million for FY2024, marking a $203.5 million decline from FY2023. 

Alcoa reports Q4 2023 earnings with focus on cost reduction, production curtailment

In the wake of Alcoa Corp's fourth-quarter 2023 earnings release, ASX-listed Alumina Limited has highlighted key developments in the AWAC joint venture and underscores the company's commitment to navigating the challenging market conditions.

Origin Energy invests $4 million in Allegro’s Redox Flow Battery development

Australian energy giant Origin Energy Power has purchased a 5 per cent equity stake in ReNu Energy’s investee company, Allegro Energy, for a total of $4 million. 

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.

Jervois submits loan application under US DOE manufacturing initiative

Australian cobalt company Jervois Global Limited has submitted an application to the United States Department of Energy (DOE) Loan Program Office to finance its proposed greenfield US cobalt refinery. 
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The future of sports manufacturing: Inside M2M Group’s AI-powered strategy

As the sports manufacturing industry evolves, artificial intelligence (AI) is emerging as a critical catalyst for innovation and efficiency.