The Australian Manufacturing Forum and @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing post Covid-19 has been overwhelmed with submissions. Jon Hayward-Wright reveals key themes from readers as he leads the task of distilling ideas into a new deal plan. Plus, Jon wants to hear from readers interested to join a small…
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The Australian Manufacturing Forum and @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing post Covid-19 is now in its final week. Here Jeff Lang looks at lessons learned and the building blocks for a promising future. Australia has a rare opportunity to use the COVID-19 pandemic to reform our economy – the…
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Modular data centre manufacturer and operator DXN has reported growth and cost reductions during the March quarter as it continues to execute its business plan. Cash receipts from customers were up $1.4 million on the previous corresponding period to $2.1 million. Staff numbers were reduced and the Board trimmed from six members to three, saving…
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Australia’s dependence on the export of coal and gas are looking increasingly shaky as solar and wind power continue to fall in cost and threaten the future of fossil fuel use to generate electricity. According to a new study by Bloomberg, solar and onshore wind generation are now the cheapest new sources of electricity for…
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Drone counter-measure manufacturer DroneShield has entered into an agreement with a provider of capital that will enable it to draw down future payments from the federal government under the R&D tax incentive scheme. The company entered an agreement with R&D Capital Partners enabling it to access funds equivalent to the majority of a payment expected…
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Sleep apnea device manufacturer ResMed has reported an operating profit up 31 per cent in the third quarter as it pivots towards products used to fight Covid-19. The company reported revenues up 16 per cent on the previous corresponding quarter to $ 1.19 billion (US$769.5 million). The company, which makes sleep apnea machines and hospital…
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The effects of the current pandemic have become apparent, with Australian manufacturing recording its biggest month-to-month fall in the history of the Australian Industry Group’s Performance of Manufacturing Index for April, following a rebound in March.
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Austal will build six new Cape Class patrol boats for the Australian navy, with a new order valued at approximately $350 million.
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By Elizabeth Thurbon, UNSW; Hao Tan, University of Newcastle; John Mathews, Macquarie University, and Sung-Young Kim, Macquarie University The chaos of COVID-19 has now hit global energy markets, creating an outcome unheard of in industrial history: negative oil prices. With the world’s largest economies largely in lockdown, demand for oil has stagnated. Essentially, the…
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Welding technology developer K-TIG secured a number of new customers for its welding as a service (WaaS) business during the March quarter even as its shares languish on the ASX. The company reported good progress with customer acquisition in the quarter, adding Glenfield Engineering, Aqseptence Group and John Zink Hamworthy Combustion as licencees. John Zink…
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