Craft beer boom drives growth in Australia’s beer manufacturing sector
The Australian beer manufacturing industry has experienced steady revenue growth over the past decade, despite a decline in per capita beer consumption, according to a market research report by IBISWorld.
Eurozone’s composite output eases in December amid improved supply
Eurozone’s PMI Composite Output Index saw a significant increase for the second consecutive month, increasing from November’s 47.8 to a four-month high of 48.8.
XTEK ships HighCom Armor equipment to US agency
XTEK Limited’s HighCom Armor Solutions has completed the manufacturing and delivery of more than 20,000 individual items for specialist ballistic protection equipment for a US federal government agency.
Additive manufacturing set to drive $110B market by 2034, reports AM Research
Additive Manufacturing Research (AM Research) has released an updated analysis projecting that additive manufacturing (AM) applications will reach $24.5 billion in market impact by 2025 and expand to $110 billion by 2034.
Australian manufacturing PMI enters contraction territory in March
Australia’s manufacturing sector saw a mild decline in March, due to lower market demand that reduced output and inventory levels, marking the first PMI contraction since May 2020.
Global Manufacturing PMI’s decline eases in January— JP Morgan
Global manufacturing output and new orders have shown slower contraction in the first month of 2023, resulting in a 49.1 PMI score in January, up from December’s 48.7 rating.
Australian water treatment manufacturer expands in Asia with new Vietnam HQ
Waterco Limited has expanded its Asian operations with a newly opened branch in Vietnam.
PYC eyes AI-powered drug discovery partnership with Google Cloud
Clinical-stage biotechnology company PYC Therapeutics said it plans to partner with Google Cloud to build custom-designed machine learning models to develop a new generation of precision medicine models.
Manufacturing sector faces persistent challenges amid contraction – Ai Group
The latest Ai Group Australian Industry Index for June shows that the manufacturing sector remains in contraction, with the index rising 14.7 points to -25.6 points, marking 26 consecutive months of decline.
Australia’s dairy industry continues to place a premium on ‘drinking’ milk, says Rabobank
The liquid ‘drinking’ milk market continues to be crucial for Australia's dairy industry due to increased domestic retail pricing and potential for additional export development, according to a recently released industry report from Rabobank.
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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.
