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.
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.
Matrix wins contract to manufacture drilling riser buoyancy modules for TransOcean
Matrix Composites & Engineering has received a contract, projected to be valued at $4 million, to supply offshore drilling contractor TransOcean with drilling riser buoyancy modules.
Stratasys and Desktop Metal to merge in deal valued at USD 1.8b
Additive manufacturing companies Stratasys and Desktop Metal have announced they have entered into a definitive agreement where the two companies will combine in an all-stock transaction valued at around USD 1.8 billion (AUD 2.77 billion).
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.
ClearVue bags $2m gov’t grant to manufacture key components
Smart building materials company ClearVue Technologies is set to receive a $2 million grant through Western Australia’s Investment Attraction Fund to advance its manufacturing operations.
SmarTech: Dental 3D printing market revenue expected to reach $9.7b in 2031
A recent report from SmarTech Analysis revealed that the global dental 3D printing industry is expected to grow from $4 billion in 2022 to slightly over $9.7 billion by 2031, accounting for nearly one-third of the overall additive manufacturing (AM) market.
ClearVue Technologies appoints Martin Deil as CEO
Smart building materials company ClearVue Technologies has tapped Martin Deil as its Chief Executive Officer as the company looks to expand its global footprint with a focus on the US and European markets.
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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.
