Global 3D printing market reaches $3.7b in Q1 2023 with 10% sequential growth
Despite growing economic difficulties in the additive manufacturing (AM) global market, the first quarter of 2023 saw double-digit sequential growth to USD 3.7 billion (AUD 5.5 billion) compared to USD 3.4 billion (AUD 5 billion) during the same period of the prior quarter in, according to latest data from SmarTech Analysis.
Rio Tinto expands US production with new copper supply investment
Rio Tinto is strengthening its position in the US copper supply chain by investing in its Kennecott mine near Salt Lake City, Utah, through funding worth $498 million intended for the development of an area known as the North Rim Skarn (NRS).
DroneShield completes drone system integration with Epirus’ C-UAS system
DroneShield has successfully integrated its multi-sensor DroneSentry system with Epirus’ Leonidas high-power microwave counter-electronics/counter-UAS effectors.
EMVision bags $1.75m manufacturing grant payment
Brain imaging company EMVision Medical Devices Limited has received a cash progress payment of $1,750,000 under its Modern Manufacturing Initiative (MMI) grant award.
Altech Batteries unveils new specifications for Cerenergy battery products
ASX company Altech Batteries Limited has revealed the preliminary battery specifications for its CERENERGY 60 KWh and 1 MWh GridPack battery products.
Quickstep looks to expand Aftermarket unit after review
Quickstep, a leading aerospace composite business in Australia, has decided to keep its Aftermarket business as a core part of the company and is planning to enhance the business through several new growth initiatives
Metal 3D printing market size to worth around USD $16b by 2031
A recent report from SmarTech Analysis revealed that the metal additive manufacturing (AM) services revenue is forecasted to reach USD 16.1 billion (AUD 24 billion) by 2031.
Australian industry activity sees slower decline in May— Ai Group
The Ai Group’s Australian Industry Index has seen a moderated contraction in May 2023 and now stands at -10.9 points, up by 9.3 from April’s steep fall, signalling deteriorating conditions in the market and the 13th month the index has been in contraction.
Sigma inks Chemist Warehouse supply contract for PBS, FMCG goods
Pharmaceutical company Sigma Healthcare Limited has signed a binding term sheet with Chemist Warehouse for the supply of Pharmaceutical Benefits Scheme (PBS) medicines as well as Fast-Moving-Consumer-Goods (FMCG) products for a five-year period beginning on 1 July 2024.
Saunders to overhaul bp’s biofuel storage in Western Australia
Engineering and construction company Saunders International Limited has secured a $42 million contract to provide tank refurbishment and modification services for bp’s renewable fuels project in Western Australia.
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From cost exposure to cost control: Using energy flexibility to protect margins
Electricity price volatility is reshaping the cost base of Australian manufacturing, challenging long-held assumptions that energy can be treated as a stable operational input.
