CSL has announced that it has agreed to acquire 80 per cent equity of plasma-derived therapies manufacturer Wuhan Zhong Yuan Rui De Biological Products (“Ruide”) from Humanwell Healthcare Group (“Humanwell”) for US$352 million. The transaction will provide CSL with a strategic presence in the Chinese domestic plasma fractionation market, and complements the leadership position that … Continue reading CSL to acquire majority stake in Chinese manufacturer Ruide
Chinese building materials and homewares company China Lesso Group Holdings is opening its first exhibition space in Sydney. The company, which manufacturers hardware, building materials and electrical equipment, intends to open a 30,000sq m centre in Greenacre in Sydney’s west. The store, called Lesso Home, has been compared to Bunnings, and will even be located … Continue reading Chinese manufacturer opening Bunnings rival store in Sydney
The World Bank has reaffirmed its forecast that global economic growth will improve to 2.7 per cent this year, with an improvement in manufacturing and trade, market confidence and commodity prices. According to the World Bank, advanced economies are showing signs of improvement, particularly Japan and Europe. The seven largest emerging markets – China, Brazil, … Continue reading World Bank forsees pickup in manufacturing and trade
Australian manufacturer Ansell has sold its condom business to a consortium of China’s Humanwell Healthcare and conglomerate CITIC, for $800 million. The buyers will take on Ansell’s Sexual Wellness division, which manufactures condoms and personal lubricants. Last year, the division achieved a pre-tax earning of $38 million with $190 million worth of sales. According to Ansell … Continue reading Ansell sells condom business to Chinese buyers
Touchscreen manufacturer WeTouch has become the second Chinese tech company to move into the Australian market. The company, which is based in China’s southwest province Sichuan, has been listed on the Australian Stock Exchange (ASX) to raise up to $24 million, according to a report in the AFR. It creates commercial-grade touch screens for a … Continue reading Chinese touchscreen manufacturer second on ASX
Chinese manufacturer Goldwind has acquired an up-to-530MW wind farm project from Origin Energy, in what the company says is the largest wind farm power purchase agreement in Australia. Goldwind paid AU$110 million for the Stockyard Hill Wind Farm project, located in Victoria. Origin Energy also agreed to purchase all the energy and renewable energy certificates … Continue reading Chinese manufacturer makes Australia’s biggest wind deal
A downturn in China would have catastrophic implications for Australia’s economy, according to new research from Deloitte. While there is not an immediate risk of a Chinese downturn, Deloitte partner Chris Richardson believes it is a ‘plausible risk’, considering its elevated debts and reliance on government stimulus spending to maintain growth, not to mention global … Continue reading Chinese downturn could cost 500k Australian jobs
A former Rio Tinto executive has written a report chronicling the rise of China’s industrial sector, one foreign factory at a time. Michael Komesaroff has written a report titled Make the Foreign Serve China, where he recounts China’s purchase of numerous unwanted factories from Australia, the US, Japan, Germany, Britain and other developed countries. According … Continue reading China’s journey to global manufacturing domination
E-commerce platform Alibaba is anticipating an increase in Australian exporters using its service to help them break into the Asian markets. Maggie Zhou, Alibaba Australia’s managing director based in Melbourne, has tipped a surge in companies seeking advice on selling to China. Speaking with the AFR, she also believes Australia’s clean water, soil and air … Continue reading Alibaba expecting increase in Australian export orders with Asia
Australian hearing aid manufacturer, Cochlear, has missed out on a Chinese government tender to manufacture hearing aids, according to the AFR. Documents from the Chinese Ministry of Finance show that US firm Advanced Bionics, Austria’s Med-el and China’s Nuroton each have a share in developing 4800 hearing units in this tender. Med-el tendered the lowest … Continue reading Cochlear hits the wrong tone in latest Chinese hearing unit tender
A new Aruba report, The Internet of Things: Today and Tomorrow, reveals that by 2019, 77 per cent of Australian organisations will have some form of Internet of Things (IoT) infrastructure in place. The study also shows that currently only one in two Australian IoT connected businesses are using this data to improve business processes … Continue reading Almost 4 out of 5 of Australian organisations to adopt IoT by 2019
Asian industry’s deployment of robots has increased 70 per cent to 887,400 units over the last six years, according to the World Robotics Report 2016. The International Federation of Robots (IFR) report said that China was the biggest driver in this growth, accounting for 43 per cent of sales in Asia, followed by 24 per … Continue reading Asia’s uptake of industrial robots soars 70 per cent
The demand for medical polymers in China is set to drive global growth, according to a new report by Technavio. “Medical polymers are widely used for dental, knee, and hip implants. Regions such as China are set to showcase explosive growth, with a compound annual growth rate CAGR of almost 28 per cent through to … Continue reading China’s demand for medical polymers to drive global growth, says Technavio
The supply of infant and adult milk powder into Asia has received a boost following the opening of a Chinese-owned processing plant in South Australia.
All over the world, ageing populations and changing attitudes are making it harder to hold on to workers, believes Dr Rodney Brooks. Brent Balinski spoke to Brooks, founder of Rethink Robotics, about some demographic and technology shifts to watch out for and why it’s best to be realistic.
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
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
Westpac and the Group of Eight (Go8) have partnered to offer the first program in Australia for Doctor of Philosophy (PhD) students with a focus on Science, Technology, Engineering, or Mathematics (STEM) to undertake employment with the Westpac Group during their studies. The STEM PhD program was established in recognition of the importance of the … Continue reading Westpac launches Australia’s first employment program for STEM PhD students
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
Australia’s solar heliostat technology will be used for concentrating solar thermal (CST) electricity generation in China.