australian dollar
News
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High-tech businesses more suited to high dollar: UTS Professor
Manufacturing expert Professor Roy Green, from the University of Technology Sydney, commented on the pressures and opportunities faced by Australian businesses in a radio interview this morning.
June 17, 2013 0 comment
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Trying times could see Simplot plants shut up shop
Simplot Australia has advised employees that two of its plants are under threat of closure.
June 10, 2013 0 comment
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Will mass customisation change Australia’s manufacturing future?
Manufacturers across the world rely on economies from the scale of production to drive down unit cost. This “mass production” approach, focused on efficiency and uniformity of product, is feasible when volumes of production are high enough for scale to be realised.
May 30, 2013 0 comment
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Cut interest rates and push dollar down or suffer, says Garnaut
The depreciation in the dollar needs to be pushed along if Australia is to boost its competitiveness, avoid recession and make investment in industry more attractive, economist Ross Garnaut has said.
May 29, 2013 0 comment
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Car manufacturing to remain in Australia: Emerson
Trade minister Craig Emerson has said that Australia would continue to make cars, after Ford’s announcement last week that it would end local production in 2016.
May 27, 2013 0 comment
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Holden and Toyota dismiss speculation that they will exit Australia
Holden and Toyota have recommitted to manufacturing cars in Australia, with Holden suggesting that more government support could be necessary.
May 24, 2013 0 comment
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Labor MP proposes temporary tariffs to help Australian car makers
Nick Champion, the federal Labor MP for Wakefield, has called for a temporary 5-10 per cent tariff on imported cars to shield local automotive makers from the effects of the high Australian dollar.
May 20, 2013 0 comment
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Dollar drop welcomed by industry
The Australian dollar has dipped to slightly below parity with the US dollar and is expected to stay around that level for the time being.
May 15, 2013 0 comment
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Alcoa asks suppliers to cut costs, blames conditions worse than GFC
Alcoa has requested a 12 per cent discount from its suppliers, explaining that conditions now are worse than during the Global Financial Crisis, with low aluminium prices and a persistently strong Australian dollar hurting the company.
May 15, 2013 0 comment
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Federal budget highlights concerns about fiscal situation, taxation: business
Business groups have been described as giving last night’s federal budget a “cool” response, with the Australian Industry Group and others disappointed at its taxation measures.
May 15, 2013 0 comment
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Deficit unimportant, federal budget should protect manufacturers: ACTU
The Australian Council of Trade Unions has said that the federal budget, to be delivered tonight, should invest in manufacturing and protect Australian jobs.
May 14, 2013 0 comment
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AI Group survey finds manufacturers want tax cut, are unconcerned about budget deficit
Manufacturers are urging treasurer Wayne Swan to disregard the budget being in deficit and offer relief in the form of a cut to the company tax rate.
May 6, 2013 0 comment
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AIG PMI sees continued decline, weak exports and high costs for manufacturing
The Australian Industry Group Australian Performance of Manufacturing Index showed the sector continued to shrink in April, with low exports, slow activity in Victoria and high input costs featuring in the results.
May 1, 2013 0 comment
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Ex-Ai Group CEO Ridout says manufacturers not adapting to high dollar
Heather Ridout, a member of the Reserve Bank of Australia board and a former CEO of the Australian Industry Group, has said that Australia’s manufacturing sector has a long way to go to successfully adapt to the strong Australian dollar.
April 23, 2013 0 comment
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Jobs Bill hopes to get Australian manufacturers into the big projects
Will new Industry Participation rules ensure a manufacturing revival, or will they simply reinforce existing industry trends? Brent Balinski investigates.
April 15, 2013 0 comment
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Another former Ford boss predicts the end of car making in Australia
Following comments made by ex-Ford CEO Jac Nasser last week that car manufacturing in Australia was in a terminal decline due to a lack of support, Bill Dix, who headed the car company from 1989-1992 has the sector will be gone by 2002.
April 15, 2013 0 comment
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Mazda3 sales killing car-making in Australia
The Mazda3 and increased overall competition are “slowly killing” car-making in Australia.
April 15, 2013 0 comment
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Alcoa sees profit rise as aluminium industry strengthens
Alumina Ltd’s share price was up sharply on news that Alcoa, with whom Alumina are in a joint venture, saw a big jump in first quarter profits.
April 10, 2013 0 comment
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Holden discloses subsidy details
General Motors Holden has revealed that it has received $2.2 billion in federal government assistance over the last 12 years, which the company claims represents good value for money.
April 2, 2013 0 comment
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AIG PMI shows no improvement as manufacturing continues to be squeezed in March
After a what was described as a “tentative” improvement in its results for February, the monthly Australian Industry Group Performance of Manufacturing Index (PMI) showed the industry continued to shrink in March.
April 2, 2013 0 comment