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Global Manufacturing PMI slips further amid new order intakes decline, says JP Morgan

Conditions in the global manufacturing industry have seen a decline in June as output shrinks to contraction, dragged by a decrease in new order intakes, according to the latest global manufacturing PMI report.  

Australian cable manufacturer utilises DB Schenker services to enhance client offerings

Prysmian, a provider of Australian-manufactured cabling solutions, is improving customer experience by using DB Schenker's freight solutions to export from Australia to New Zealand and import components from China to Australia, with a focus on Full Container Load (FCL) ocean freight.

Australian manufacturing industry sees most decline in last 15 years— report

The Australian manufacturing industry has shrunk in the last 15 years more than any other sector, making it “Australia’s most endangered industry,” according to a report from Australian climate tech startup Conry Tech. 

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. 

AWU to propose critical minerals export tax to foster onshore manufacturing

The Australian Workers’ Union is pushing a resolution that would establish a tax on unprocessed exports of critical minerals at the upcoming ALP National Conference. 

Australia paves the way for bioprinting with University of Sydney breakthrough

It is becoming more apparent that researchers are pushing the boundaries of medical science as additional knowledge about the nation's efforts in bioprinting continues to surface. Australia's biotechnology sector has prospered for years as trailblazing researchers advance their discoveries.

Halo Food subsidiary inks manufacturing agreement with Fonterra

ASX-listed Halo Food Co. Limited announced that its wholly owned subsidiary Keytone Enterprises has signed a multi-million-dollar deal with Fonterra to manufacture milk powder stock keeping units (SKUs).

New State of Smart Manufacturing study finds over 45% of manufacturers struggle to keep...

A survey of 1,350 manufacturers in 13 countries has revealed that more than 45% of them are struggling to outpace their competitors due to a lack of technology and suitably skilled workforces.

China’s manufacturing sector sees growth amid pandemic restrictions

The Caixin China General Manufacturing PMI has increased to 51.6 in February 2023 from 49.2 in January, marking the first uptick in the sector since last July and the highest reading in eight months, after an abrupt shift in COVID policy. 

Alumina sees revenue drop amid export bans to Russia

Leading Australian mining company Alumina Limited has posted a net profit after tax of USD 104 million in its 2022 full-year financial report. 

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