Australian Manufacturing PMI in April reaches 35-month low amid weak demand
Weak demand in the Australian manufacturing sector has driven the country’s Purchasing Managers Index (PMI) to a 35-month low, according to the latest data from Judo Bank.
J.P.Morgan: Global manufacturing activity reaches 55-month high as price pressures accelerate
Global manufacturing activity strengthened in September, with output and new orders increasing at their fastest rates in several years, according to the J.P.Morgan Global Manufacturing PMI®.
Austin Engineering completes first shipment of Indonesia-manufactured truck trays
ASX-listed global engineering firm Austin Engineering announced the completion of the first shipment of fully manufactured and assembled truck trays from its Indonesian facility in Batam, which have been delivered directly into Western Australia's (WA) Pilbara mining region.
Austal’s EBIT rises to $56.5M in FY2024 amid record $12.7B order book
Austal Limited announced its financial results for the fiscal year ending 30 June 2024 (FY2024), reporting a significant turnaround with Earnings Before Interest and Tax (EBIT) of $56.5 million.
Austin Engineering announces financial report for FY2022
ASX-listed global engineering firm Austin Engineering has reported a 525 per cent growth in net profit after tax (NPAT) in its 2022 financial report.
Austin...
Australia’s manufacturing sector saw slower expansion in July, says Ai Group
The Australian Industry Group’s latest Australian Performance of Manufacturing Index (PMI) has shown a weaker rate of expansion compared to the industry’s performance in...
Tritium unveils $57 million record revenue in year-to-date report
Tritium, a Brisbane-based manufacturer of electric vehicle chargers, has generated $57 million in revenue from 1 January 2023 to 30 April 2023, reflecting a year-over-year growth rate of 237 per cent from last year’s $17 million profit.
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.
S&P Global: Australian manufacturing sees stronger new orders despite output dip
Australia’s manufacturing sector recorded mixed conditions in August, with new orders growing at their fastest pace since January while production edged lower, according to the latest S&P Global Australia Manufacturing PMI.
JP Morgan: global manufacturing activity slumps further in November
The Global Performance of Manufacturing Index’s (PMI) downturn intensified in November, hitting a 29-month low as companies face weaker intakes of new business, slower international trade flows, and continued high costs.
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Modular switchgear built for faster, verified panel builds
As switchboard builders face tighter programmes and increasing scrutiny around compliance, the way enclosure, busbar and separation concepts work together has a direct impact on build time and verification effort.
