JP Morgan: global manufacturing activity slumps further in November
The Global Performance of Manufacturing Index’s (PMI) downturn intensified in November, hitting a 29-month low as companies face weaker intakes of new business, slower international trade flows, and continued high costs.
Austin marks first sale of Mainetec dipper bucket in US
Global mining equipment designer and manufacturer Austin Engineering has sold its first Mainetec-designed dipper bucket to a customer in the United States.
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.
Orbital UAV to complete UAV engine project for Singapore customer
Australian drone manufacturer Orbital UAV said it secured a $2 million contract with a major Singapore customer to continue and complete a multi-fuel unmanned aerial vehicle (UAV) engine program.
Sparc Technologies releases latest activities report with promising outcomes
Australian graphene production company Sparc Technologies has provided its June 2023 Quarterly Activities Report sharing continued progress in its graphene products, sodium-ion batteries as well as its research and development initiatives.
Global 3D printing high-performance plastic market expected to grow at 8.5% CAGR by 2029
The market for high-performance plastics used in 3D printing is expected to expand significantly between 2023 and 2029, with a compound annual growth rate (CAGR) of 8.45 per cent, reaching a value of USD 184.5 million by that year, according to market research firm BlueWeave Consulting.
Orica acquires leading geospatial tools maker Axis Mining Technology
ASX-listed mining company Orica has completed the acquisition of Axis Mining Technology, a manufacturing leader for specialised geospatial tools and instruments for the mining industry.
Australian Workers’ Union says new coal caps leave manufacturing industry exposed
The Australian Workers’ Union (AWU) said the new coal caps passed by the New South Wales Parliament today would leave industry exposed by not capping the price of coal sold to steel, chemical, and cement facilities.
Hearing aid brand Cochlear sees positive FY 2022 financial results
ASX-listed hearing devices manufacturer Cochlear Limited has reported a record sales revenue of $1.6 billion for the end of fiscal year 2022, a whopping...
Aussie dairy farmers poised for another profitable year despite expected price decrease
Australia’s dairy farmers are on track for a fifth consecutive year of profitability, despite forecasts of lower minimum farmgate milk prices for the upcoming season, according to a recent industry report.
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How a small pet food manufacturer supports a 5x increase in production capacity
For Advanced Pet Care of Australia, scaling into one of Australia’s top pet food manufacturers required more than new production capacity – it required better systems.
