Australia’s total trade in services reached a new record of $166 billion in 2016-17, driving economic growth and helping create new jobs. The record has been driven by services exports rising 8.3 per cent to $81.6 billion. The Trade in Services 2016-17 report, released yesterday by the Department of Foreign Affairs and Trade, reveals tourism, education … Continue reading Trade in services sets new record
QuintessenceLabs was awarded a $3.26 million investment from the Australian Department of Defence to continue the expansion of its quantum key distribution (QKD) capabilities and extend it to free space communications. This was the largest of the eight investments recently made by the Defence Innovation Hub, a part of the Australian Department of Defence. QuintessenceLabs … Continue reading QuintessenceLabs gets investment boost from DoD
Last week, the NSW government announced the funding for the renewal of the Fitzroy Street shipyard slipway to reactivate the Port of Newcastle and the Hunter as a major marine ship repair and maintenance precinct. For this project, defence company Thales Australia will begin stage one of a phased redevelopment of the site, creating an … Continue reading New life breathed into Newcastle maritime maintenance
Sunshine Coast pet treat business Huds and Toke has expanded into the Japanese market, after receiving a government grant in April. The family business started four years ago, manufacturing high-quality dog, horse and cat treats in Queensland. After receiving $90,000 under the state government’s Advance Queensland Ignite Ideas Fund, the company has made plans to … Continue reading Qld pet treat manufacturer expands exports
The development of a floating liquefied natural gas (LNG) import facility off Victoria has been suggested as a means to address rising energy costs. The Andrews government is allegedly in talks with energy provider AGL to build the LNG import terminal close to Melbourne, potentially in Western Port. The facility would supply to the east-coast … Continue reading Plans for offshore LNG facility to address energy crisis
The Export Council of Australia (ECA) has welcomed the launch of negotiations over the Australia-Hong Kong Free Trade Agreement (A-HKTFA). Hong Kong is a crucial trade and investment partner for Australia, according to the ECA. It is the sixth-largest market in the world for Australian goods exports, and the seventh largest for Australian services exports. … Continue reading ECA supports Australia-Hong Kong Free Trade Agreement
Government has reached an agreement with Lockheed Martin to grow the international competitiveness of small and medium sized companies and their ability to enter export markets. Minister for Defence Industry, Christopher Pyne, said Defence has seven defence primes with global supply chain agreements, which has provided Australian industry with contracts totalling over $830 million. “This … Continue reading New opportunities for Australian defence exports
Australian CEOs are cautiously optimistic about their business prospects in 2017 according to the latest Ai Group CEO Business Outlook survey. We are well short of exuberance with expectations tempered by the failure of 2016 to live up to expectations and by the wide array of local and global challenges on the horizon. The survey … Continue reading Ai Group 2017 CEO Business Outlook Survey – Foundations for Growth
Australian industrial gas users are seeing prices doubling – if they can get contracts at all – with the next two years cited by Manufacturing Australia as a “crunch point” for customers.
Jungheinrich has launched an entry-level range of pallet trucks for low-duty applications. This new range of electric pedestrian trucks is designed for retailers, print shops, workshops or garden centers, or even small to medium-sized businesses that routinely need to move heavy individual items. The range includes EJE M13 (1300kg) and EJE M15 (1500kg) electric pedestrian … Continue reading Pallet trucks for small-to-medium manufacturers
With a precious few exceptions, this year’s annual top 100 manufacturers report from IBISWorld does not make easy reading, as Alan Johnson reports. THE manufacturing industry has always been an extremely competitive industry, and that trend shows no sign of abating in the near future. While not dramatic, the slow decline of Australia’s traditional manufacturing industry looks … Continue reading 2016 Top 100 Manufacturers – Industry’s winners and losers
MTPConnect and the Advanced Manufacturing Growth Centre (AMGC) have signed a memorandum of understanding (MoU) to work together in undertaking activities to accelerate the growth of advanced manufacturing in the medical technology, biotechnology and pharmaceutical (MTP) sector in Australia. Both MTPConnect and AMGC have been established as part of the Federal Government’s Industry Growth Centres … Continue reading Collaboration set to boost Australia’s advanced manufacturing sector
Australia’s Defence Industry minister Christopher Pyne has reaffirmed that Australia remains committed to buying the new F-35 Joint Strike Fighter despite US President-elect Donald Trump’s recent comments saying its ‘”cost is out of control’”. SKynews reported that Trump had a go at aircraft maker Lockheed Martin criticising them over Twitter on the program which has … Continue reading RAAF sticking to F-35 despite Trump attack
Faro Technologies, a global technology company that develops and markets computer-aided coordinate measurement devices and software, opens its new office in Brisbane, Australia. This move is part of Faro’s long-term growth plan and to increase its footprint in Asia Pacific. Faro’s customer base in Australia and New Zealand is growing. As such, this expansion is … Continue reading Faro expands into Queensland
According to a report in the Australian Financial Review (AFR), well-known Australian businessman Andrew Liveris has been recruited by Donald Trump to help bring back American manufacturing jobs. The chief executive of US multinational giant Dow Chemical, Liveris was appointed chair of the President-elect’s American Manufacturing Council. Liveris has led the manufacturing giant Dow … Continue reading Australian CEO becomes Donald Trump’s new manufacturing ‘tsar’
Bluetooth 5 has been released (succeeding Bluetooth 4.2), with the upgrade focusing on IoT applications and improved functionality. When compared to the previous version, improvements include eight times the capacity, two times the speed and four times the range. Specifically, Bluetooth 5.0 has increased its data broadcasting capacity by 800 per cent, and doubled its … Continue reading Bluetooth 5 now available for manufacturers
A research consortium led by Bosch is developing a novel industrial manufacturing concept. The nine partners on the ReCaM project aim to create a highly versatile manufacturing system. Such systems are needed because production times in modern manufacturing are becoming ever shorter. In addition, demand for customized products is increasing, and the number of variants … Continue reading Bosch & Co retool manufacturing concepts
In June last year, it was announced that Australia’s manufacturing sector had achieved year on year expansion recording the longest unbroken period of growth in a decade. Although that sounds like good news, manufacturers now face another issue. How do they fill the open jobs with engaged workers who will drive the innovation required to … Continue reading Are millennials a manufacturing innovation opportunity?
A frequently-used case study on what Australian advanced manufacturing encompasses – including a global mindset, high-value products and sophisticated technology – ANCA is a local manufacturers’ manufacturer. Co-founder Pat Boland told Brent Balinski a few things about what guides the company’s approach to innovation.
Pilz Australia launched its new website which incorporates a new E-Shop for its customers. E-Shop will allow customers to not only browse the company’s vast portfolio of products, it enables them to access the latest technical information, view product images, and download the most up-to- date technical data sheets. The new E-Shop covers the full … Continue reading Pilz launches new online presence