The Westpac-Melbourne Institute SME Index (SME Index), which examines the economic health of Australian small and medium sized enterprises, has revealed a significant improvement in business confidence, shifting from 95.6 in Q3 2016 to 100.7 in Q4 2016. Westpac’s General Manager of SME Business Bank, Julie Rynski said, “The strong increase in business sentiment is … Continue reading Westpac finds SMEs are feeling optimistic about 2017
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?
South Australia has opened a new manufacturing technologies centre to help businesses grow by providing access to the state’s best researchers, financial institutions and global supply chains. The $1.2 million centre, situated in Adelaide’s northern suburbs at the University of South Australia’s Mawson Lakes campus, will help businesses identify methods by which they can adopt … Continue reading New tech hub opened in South Australia
Byron Bay beer maker Stone & Wood has been reported to be looking to further expand its largest brewery as sales jump by 60 per cent to more than $30 million as a response to rivals’ “corporate comb overs” – attempts by large global breweries to spur growth in the premium and craft beer segments by … Continue reading Stone & Wood mulls expansion to quench thirst for demand
The Minister for Defence Industry, the Hon Christopher Pyne MP, today announced that Thales Australia has been awarded a $100 million contract to design a major sonar system upgrade for Collins class submarines. Minister Pyne said Thales Australia will engage other Australian-based companies including Sonartech Atlas and L3 Oceania, as well as suppliers from the … Continue reading Thales snaps up Collins sub sonar contract
Trumpf and Siemens are joining hands to produce a software solution for optimised and streamlined additive manufacturing of metal parts with Trumpf printing machines – from part design to 3D printing. The two companies hope to industrialise laser metal fusion technology and make the additive manufacturing process for metal parts an integral part of the … Continue reading Trumpf and Siemens to collaborate on 3D metal printing
ASX-listed Australian hearing implant manufacturer Cochlear has lost a court case in the US over two disputed hearing aid patents. In a ruling delivered last Thursday, the [US] Court of Appeals for the Federal Circuit ruled in favour of the Alfred E. Mann Foundation (AMF), confirming that defendants Cochlear infringed on two claims of AMF … Continue reading Cochlear loses US patent appeal
Australia’s 457 visa system is back in the news again. If you believe Labor, the 457 visa is a rort allowing foreign workers to steal Australian jobs. The government, on the other hand, defends it as a way for Australia to meet skills gaps in the economy. Misunderstanding the problem is leading to wrong solutions … Continue reading The real issues with the 457 visa aren’t being addressed
Ford’s closure of its Geelong manufacturing plant last month is part of a broader story about Australia’s manufacturing sector. But one side of this story has so far been overlooked: the role of Australia’s lax attitude to vehicle emissions. Globally, car manufacturers are taking climate action seriously by significantly improving fuel economy, in turn reducing … Continue reading Australia’s car industry ignored the elephant in the room: carbon emissions
US-based Hypertherm has released Rotary Tube Pro, software that makes it easier to design and cut tube and pipe parts with no 3D CAD experience required. The software features a parametric design interface that allows main tubes and side-wall cutouts to be added from a list of predefined shapes. Alternatively, users can add tubes and … Continue reading New pipe and tube cutting software
CSR has announced this morning that it has agreed to buy Boral’s 40 per cent stake in their joint venture, the east coast brick and paver business trading as PGH Bricks & Pavers.
Asbestos has been found in heat exchanger tubes, imported from China and to be used in the redevelopment of the Port Pirie smelter.
Specialty construction chemicals company Sika Australia has consolidated two plants and three warehouses, opening a new factory at Bibra Lake to improve its logistics and manufacturing processes.
Ohio-based RPM International has acquired Duram Industries, an Australian maker of waterproofing solutions, through its Tremco Group company.
Either Albury or Wodonga will get a new cross-laminated timber factory, creating 54 jobs, according to XLam. The Border Mail reports that the company, which makes structural timber, plans to have a site up and running by June next year. The raw timber would be plantation-sourced. The exact location would be determined later, but the area at the … Continue reading Cross-laminated timber factory in Albury-Wodonga to create 54 jobs
CSR has announced a 13 per cent increase in net profit and predicts that new home building activity will continue to drive growth. AAP reports that profits were $142.3 million for the year ending March 31, and revenue up 14 per cent to $2.3 billion. It was the best result since the divestment of CSR’s … Continue reading CSR profit up on housing construction strength
An interim senate report tabled last night included concerns about law enforcement agencies being able to deal with the illegal import of building products containing asbestos. The ABC reports that only two have been fined for import breaches since tougher laws came into force in February 2014. “The importation of banned materials, such as asbestos, … Continue reading Interim Senate report shares concerns about asbestos imports
Insulated building products maker Bondor is preparing to both mark its 65th anniversary and announce a new $20 million facility in Melbourne. Brent Balinski spoke to General Manager Geoff Marsdon about what has shaped the company´s diversification and longevity. Handled smartly, tougher standards for building products have presented new opportunities for Bondor in the last … Continue reading Bondor opens door to a new era, creates 50 more jobs
According to the CEO of Brickworks, it is two times cheaper to send a brick to Sydney from Spain than from Perth.
Construction products company CSR has announced a share buyback, beginning March 21 and worth about a tenth of its market capitalisation.