In part two of our Hidden Champions series, we look at how these companies are managed for the long-term, and Professor Hermann Simon gives some explanations for Germany’s strength in manufacturing, as well as the importance of the sector in profiting from globalisation.
According to this interview with Innes Willox, The Ai Group CEO, “Germany is in some ways a model for Australia when it comes to economic development, particularly around manufacturing”.
Ahead of Professor Hermann Simon’s visit to Australia next month, we will be considering his “Hidden Champions” concept, which has been used to help explain Germany’s export success.
Teknatool’s DVR Motor is a new breed of intelligent electric motors that thinks for itself and allows attached machinery to function in its most effective and productive manner.
Incoming prime minister Tony Abbott and Ian Macfarlane, the industry minister-to-be, have both backed the future of Australian car making.
Brent Balinski speaks to three very different Australian manufacturers about how, despite the strong dollar, they’ve remained globally competitive.
Lobby group Manufacturing Australia is behind a campaign, Gas For Jobs, which is pushing for political intervention to ease the upward pressure on gas prices.
The 2013 industry survey report completed last month by the Australian Automotive Aftermarket Association (AAAA) revealed an optimistic $34 billion industry, with 76% of respondents expecting their businesses to grow.
Think tank The Australia Institute has claimed that their research shows Gladstone’s manufacturers will pay up to $3 billion more for gas over the next decade once three terminals on Curtis Island start exporting LNG.
Manufacturing in China contracted this month on weakening demand. This has increased concerns about the strength of the recovery in the world’s second-largest economy.
Victorian baby food maker Baby Royale has gained Malaysian distribution, expected to eventually be worth $20 million a year.
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.
Fourth-generation bedding and mattress manufacturer AH Beard will open a factory in Shanghai, China next month.
Toyota Australia has posted a yearly profit result, after three years with losses totalling $150 million, and increased its revenues by over a fifth.
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.
Andrew Liveris, the Australia-born CEO of Dow Chemical, has joined Manufacturing Australia in requesting that the federal government take action to make gas more affordable for users.
New Zealand is being urged to strengthen the standards for infant formula manufacture and to thereby realise the full potential of its exports to the Chinese baby milk market.
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.
The Australian dollar is set to be the third currency fully convertible against the Chinese yuan a move which will lower business transaction costs.
Multi-billion dollar Singaporean food group Olam announced the opening of a new almond processing plant in north-west Victoria.