Friday, May 24, 2024

Australian food and grocery industry exhibits growth despite pandemic’s economic pressures, says watchdog

Australia’s food and grocery manufacturing sector has seen a growth in value in 2020 and 2021— to approximately $133.6 billion— despite disruptions caused by...

DroneShield secures another $11m government order for counter-drone system

ASX-listed DroneShield said a government agency customer has made an $11 million purchase order for its counter-drone/counter-unmanned aircraft systems (UAS) equipment

ReNu Energy invests additional $250,000 in battery casing manufacturer Vaulta

ReNu Energy has completed its third tranche investment in battery casing technology company Vaulta Holdings valued at $250,000 through the exercise of options from the first two tranches made in January and April. 

Australian manufacturers to face enduring cost crisis in 2023

The Australian manufacturing sector is set to see a downward trend in the upcoming months as high inflation, spiralling energy costs, and ongoing labour shortage drag the industry's economic outlook, according to the latest ACCI-Westpac Survey of Industrial Trends. 

New orders drag down Australian manufacturing PMI in September, says Judo Bank

Australia’s manufacturing industry continued to see deteriorating conditions in September amid a sharper decline in new orders, including from abroad. 

Australian manufacturing sector faces steepest decline since May 2020, Judo Bank PMI shows

The latest data released by Judo Bank reveals a concerning trend for Australia's manufacturing sector, as conditions deteriorated at the fastest rate since May 2020.

Orbital UAV to raise $4M to boost engine development programs

Orbital UAV is raising $4 million through the issue of approximately 28.6 million new fully paid ordinary shares at an issue price of $0.14 per new share to support its existing engine development programs. 

Australian Producer Price Index reports positive figures as manufacturing input prices went up

The Australian Producer Price Index has increased by 5.2 per cent in Q1 year-over-year versus a forecasted 5.0 per cent, while input prices to manufacturing rose 0.6 per cent over the quarter and rose 5.0 per cent over the past 12 months.

Australian manufacturing PMI drops further in October – Judo Bank

Australia’s manufacturing sector saw further contractions in October after the rate of new orders dropped amid worsening demand conditions, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank. 

Dronamics taps Quickstep for manufacturing, delivery of Black Swan drones

Quickstep Holdings’ Aerostructures business has secured a contract to manufacture and deliver Black Swan unmanned cargo aircraft for Europe-based cargo drone airline Dronamics. 

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A business-led approach to maximising your SAP investment

Manufacturers are responding to the low-growth environment by focusing on digitisation, ESG and portfolio reshaping, transforming into more digital, resilient, and sustainable organisations.