Finance

The federal government has announced that it will introduce a new tax-payer backed fund that will inject $2 billion into loan markets to help small and medium enterprises (SMEs) obtain financing. Treasurer Josh Frydenberg and small business and skills minister Michaelia Cash today announced the creation of the Australian Business Securitisation Fund, which will invest … Continue reading Federal government to support SME financing with $2 billion securitisation fund →

GS1 has announced a collaboration with IBM and Microsoft to leverage GS1 standards in their enterprise blockchain applications for supply chain clients. The organisation’s global standards for identification and structured data enable blockchain network users to scale enterprise adoption and maintain a single, shared version of the truth about supply chain and logistics events—increasing data … Continue reading GS1, IBM, Microsoft collaborate to leverage GS1 standards for blockchain applications →

Towards the close of last month, the Turnbull Government announced that Moody’s has maintained Australia’s AAA credit rating, with a stable outlook. Moody’s has noted the Government’s record of “strong economic management” that has ensured Australia’s AAA credit rating which has been maintained with all three major ratings agencies. According to the Treasury’s statement, Moody’s decision … Continue reading Moody’s reaffirms Australia’s AAA rating →

South Korea’s JB Asset Management has put in its bid alongside private equity firm Newlake Alliance for the Arrium Australia assets which include the Whyalla steelworks, according to a report by the AFR. The report mentioned that the Korean consortium is also proposing a 200 megawatt gas-fired power plant be built as part of the proposal which would not … Continue reading JB Asset Management $5.3b backing of Newlake’s Arrium bid →

CEVA has just moved into what it claims is one of the biggest sheds in the southern hemisphere, a half-kilometre-long storage and distribution facility equivalent to eight MCG playing fields in size – located in Truganina which is in proximity to Sydney and Adelaide’s highways, Melbourne’s port and the freeway into the city. The Truganina … Continue reading CEVA expands its Australian presence →

In light of the announcement of the Australian government’s pledge to offer support for auto workers affected by company closures, the Australian Labor Party (ALP) has accused Liberal Senator and Industry Minister Sinodinos of “misleading” auto workers who are likely to lose their jobs when Holden and Toyota close their production lines later this year. … Continue reading ALP claims Coalition is ‘misleading’ auto workers →

According to research by Curtin University, corrosion may be costing the Australian economy more than $30 billion each year. Within industrial environments, exposure to things like water, acid or salt causes corrosion of geared motors. This, in turn, reduces the strength of the corroded parts and inevitably means they have to be replaced. In corrosive … Continue reading Corrosion is eating away at Australian industry →

The new GEMÜ 4242 combi switchbox is suitable for secure and fast applications in most food and other types of process plants. It is small, compact and light, and is ideal for pneumatically operated linear actuators. With its integrated 3/2-way pilot valve made of anodized aluminium or stainless steel, the new combi switchbox 4242 from … Continue reading New switchbox for food processing plants →

Modern automated industrial processes rely heavily on the precise control of process conditions, making it critical to detect emerging deviations. A King Abdullah University of Science and Technology (KAUST)-led research team has now developed a highly sensitive incipient anomaly detection method with the potential to dramatically improve industrial productivity, quality and safety. From oil and … Continue reading New method for early detection of industrial process problems →

NHP has announced a partnership with local IoT experts, Switch Automation, to deliver InfoSyte, an exclusive energy management software solution from NHP tailored for the Australian and New Zealand markets. A powerful cloud hosted energy management platform, InfoSyte has the ability to integrate with energy, water and gas measuring devices along with other facility systems such as building management systems (BMS) and … Continue reading NHP partners with Switch Automation to deliver InfoSyte →

With the completion of the US$9.3 billion acquisition of ERP provider NetSuite earlier last month on November 7, Oracle outlined what customers should be expecting in the coming months. Co-CEO Mark Hurd made one point clear – NetSuite will continue as its own global business unit and that Oracle intends to invest in the product … Continue reading Oracle ‘s NetSuite acquisition won’t change a thing →

Company tax cuts are a key component of Australian Treasurer Scott Morrison’s plan to drive growth in jobs and wages, spurring on the Australian economy. There’s no question that tax cuts and lower energy prices will enable companies to keep more of the money they make. But it’s not more money per se, but what … Continue reading Management education, not just tax cuts, needed to create jobs and growth →

When we spoke to ANCA co-founder Pat Boland, shortly after the company won one its many export awards, the conversation began and ended on the same subject. Specifically: the needs of its customers and how these drive innovation. Concepts like “listening to the customer” and “understanding their problems” almost sound so obvious that they’re barely … Continue reading How an export champion maintains its innovation edge →

Surdex Steel has installed the latest state-of-the-art Kinetic K5000 plasma processor with a broader range of options for profiling steel plate plus drilling heads for tapping and countersinking. At the same time a K2500 plasma machine has been upgraded to provide even greater capacity with the addition of more plasma cutting heads. Two oxy machines … Continue reading Surdex Steel forges ahead with new installations →

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 →

Most robots achieve grasping and tactile sensing through motorised means, which can be excessively bulky and rigid. A Cornell group has devised a way for a soft robot to feel its surroundings internally, in much the same way humans do. A group led by Robert Shepherd, assistant professor of mechanical and aerospace engineering and principal … Continue reading Engineers develop robot with human-like tactile senses →

Asahi Beverages, comprising some of Australia and New Zealand’s most successful beverage businesses, including Schweppes Australia, Asahi Premium Beverages, Independent Liquor and The Better Drinks Co., has awarded Dematic a contract to build a high bay warehouse storage facility. The warehouse in Heathwood, Queensland, will consist of a satellite storage solution containing six aisles of … Continue reading Dematic wins Asahi warehouse contract →

Australia’s second next-generation warship has been launched in South Australia. The Australian Navy’s latest vessel Brisbane was officially named and launched this morning at Techport, Australia’s premier naval industry hub. Brisbane is the second of three warships built in Adelaide as part of the most complex defence project in Australia’s history – an $8 billion … Continue reading Australia’s second Air Warfare Destroyer launched in Adelaide →

For most forward-looking manufacturing businesses, talent planning is becoming a major focus. Skills gaps continue to grow as a result of an ageing workforce, increasing movement within job markets and the impact of Industry 4.0. Certainly, Ai Group’s own research and policy work supports this conclusion, and it’s echoed by recent market research undertaken by … Continue reading How to build a talent pipeline in the era of Industry 4.0 →

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 →