Tag: China
Australian manufacturing industry sees most decline in last 15 years— report
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.
Fonterra raises earnings forecast, announces lower prices for next season
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.
AWU to propose critical minerals export tax to foster onshore manufacturing
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.
Australia paves the way for bioprinting with University of Sydney breakthrough
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.
Halo Food subsidiary inks manufacturing agreement with Fonterra
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).
New State of Smart Manufacturing study finds over 45% of manufacturers struggle to keep...
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.
China’s manufacturing sector sees growth amid pandemic restrictions
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.
Alumina sees revenue drop amid export bans to Russia
Leading Australian mining company Alumina Limited has posted a net profit after tax of USD 104 million in its 2022 full-year financial report.
The lure of East Asia: How to do manufacturing business in China and Hong...
East Asia’s booming economic growth is becoming increasingly attractive to companies looking to expand outside their home markets. In particular, both China and Hong Kong have the potential to be highly prosperous bases for businesses, including those involved in manufacturing.
Output, new orders drag down Global Manufacturing PMI in December
The global manufacturing sector experienced a further decline in December as a result of the downfall in output and new orders.
The latest J.P. Morgan...