Quickstep inks deal with TB2 for UAV development work
Aerospace composite manufacturer Quickstep has signed a contract with unmanned aerial vehicle (UAV) developer TB2 to provide engineering and structural integration services for the incorporation of the TB2 Pod Interface system into customer aircraft.
Quickstep delivers record order book, books extensive drone contracts in FY23
Quickstep, a manufacturer of aerospace composites, has published an update on its business performance for FY23, delivering a record-breaking forwards order book for FY24 and FY25 and receiving $264 million in new orders and order commitments.
Manufacturing growth slows in February as S&P Global PMI signals softer expansion
Australia’s manufacturing sector remained in expansion in February, but growth lost momentum as new orders slowed and output edged into contraction, according to the latest Purchasing Managers’ Index (PMI®) data released by S&P Global.
Fonterra reports strong earnings amid challenges in FY23
New Zealand dairy giant Fonterra announced its financial results for the fiscal year ending on 31 July 2023, with full-year earnings of 95 cents per share, with a profit after tax of $1.6 billion and a final Farmgate Milk Price of $8.22 per kgMS for the 2022/23 season.
Eurozone’s final manufacturing PMI in 2022 rises to 3-month high
Eurozone’s manufacturing sector has eased up further in the last month of 2022 following softer inflationary pressures and more stable supply-chain conditions created some respite for goods producers.
Report: Additive manufacturing industry sees growth, revenues to hit $25b by 2025
The additive manufacturing (AM) market is predicted to grow at a rapid pace, by roughly 23 per cent, to $13.5 billion (AUD 20.2 billion) in 2022, and is projected to be worth $25 billion (AUD 37 billion) by 2025, based on the most recent market statistics by SmarTech Analysis.
JP Morgan: Global manufacturing momentum eases as PMI slips in November
Global manufacturing growth eased in November as the JP Morgan Global Manufacturing PMI slipped to 50.5, down from 50.9 in October, marking the lowest reading in the current four-month expansion.
Global manufacturing PMI remains in contraction in September— JP Morgan
The JP Morgan Global Manufacturing Purchasing Managers’ Index (PMI) remained in the contraction territory at the end of the year’s third quarter, posting a 49.1 rating in September up from August’s 49.0.
Queensland nanomaterials company partners with Boeing to develop space applications
Queensland-based nanomaterials company White Graphene Limited is slated to work with global manufacturing giant Boeing after winning the Sustainability in Space Pitch Competition and clinching $100,000 in funding.
Hazer delivers positive half-year results, expands strategic partnerships
Hazer Group has reported a strong start to the financial year, outlining key operational and financial achievements in its half-year results for FY25.
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What spending reveals about downstream consumer demand for manufactured goods
For manufacturers supplying consumer-facing markets, understanding demand conditions has become increasingly important in an environment shaped by cautious spending, rising costs and intense competition.
