Tag: China

Conditions in the global manufacturing industry have seen a decline in June as output shrinks to contraction, dragged by a decrease in new order intakes, according to the latest global manufacturing PMI report.  

Prysmian, a provider of Australian-manufactured cabling solutions, is improving customer experience by using DB Schenker's freight solutions to export from Australia to New Zealand and import components from China to Australia, with a focus on Full Container Load (FCL) ocean freight.

The Australian manufacturing industry has shrunk in the last 15 years more than any other sector, making it “Australia’s most endangered industry,” according to a report from Australian climate tech startup Conry Tech. 

New Zealand dairy giant Fonterra raised its fiscal 2023 earnings forecast today amid ongoing strong margins in protein and cheese portfolio and said it expects to pay a lower price for milk to its farmers next season. 

The Australian Workers’ Union is pushing a resolution that would establish a tax on unprocessed exports of critical minerals at the upcoming ALP National Conference. 

It is becoming more apparent that researchers are pushing the boundaries of medical science as additional knowledge about the nation's efforts in bioprinting continues to surface. Australia's biotechnology sector has prospered for years as trailblazing researchers advance their discoveries.

ASX-listed Halo Food Co. Limited announced that its wholly owned subsidiary Keytone Enterprises has signed a multi-million-dollar deal with Fonterra to manufacture milk powder stock keeping units (SKUs).

A survey of 1,350 manufacturers in 13 countries has revealed that more than 45% of them are struggling to outpace their competitors due to a lack of technology and suitably skilled workforces.

The Caixin China General Manufacturing PMI has increased to 51.6 in February 2023 from 49.2 in January, marking the first uptick in the sector since last July and the highest reading in eight months, after an abrupt shift in COVID policy. 

Leading Australian mining company Alumina Limited has posted a net profit after tax of USD 104 million in its 2022 full-year financial report.