Finance

According to the ABC, business confidence has held up, even as conditions worsened to their worst level in a year-and-a-half, with NAB’s chief economist Alan Oster warning that business leaders have little basis for such optimism. “We are becoming increasingly concerned about the underlying momentum in the economy as evidence mounts that the non-mining economy … Continue reading Business confidence strong but conditions set to worsen says NAB →

According to news.com.au, the makers of so-called “flushable” wipes that cause thousands of dollars of damage to plumbing systems could be facing a class-action lawsuit from disgruntled homeowners. Consumer watchdog ACCC has launched legal action against Kimberly-Clark and Pental, alleging the two companies deceived consumers by marketing wipes as “flushable” and that they would “break up … Continue reading ‘Flushable’ wet wipes manufacturers could be flooded with lawsuits →

According to news reports, due to a massive boost in coal cash this year, Queensland will likely use plow money into manufacturing jobs. The QLD government is also announcing a two-year program to shield manufacturing jobs with grants ranging from $50,000 to $2.5 million – at a total cost $20 million over two years. The … Continue reading Thanks to coal cash, QLD set to splurge on manufacturing →

Australia’s Defence Industry minister Christopher Pyne has reaffirmed that Australia remains committed to buying the new F-35 Joint Strike Fighter despite US President-elect Donald Trump’s recent comments saying its ‘”cost is out of control’”. SKynews reported that Trump had a go at aircraft maker Lockheed Martin criticising them over Twitter on the program which has … Continue reading RAAF sticking to F-35 despite Trump attack →

ExxonMobil and Bentley Motors today announced a multi-year extension to their global strategic partnership that showcases the performance benefits of advanced synthetic motor oil technology. ExxonMobil and Bentley Motors will also continue their collaboration in motorsports, lubricant sales, marketing and technology. The ExxonMobil and Bentley Motors relationship began in the early 2000s when Mobil 1 … Continue reading ExxonMobil and Bentley Motors extend global partnership →

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 →

Some $6.12bn worth of growth opportunities fall through the cracks of Australian mid-sized businesses every year due to insufficient or variable cash flow, according to research released by American Express today. More than one-third (40 per cent) of mid-sized CFOs admit their business has been delayed or unable to achieve a strategic business objective due … Continue reading Cash flow variables a business growth killer says study →

Faro Technologies, a global technology company that develops and markets computer-aided coordinate measurement devices and software, opens its new office in Brisbane, Australia. This move is part of Faro’s long-term growth plan and to increase its footprint in Asia Pacific. Faro’s customer base in Australia and New Zealand is growing. As such, this expansion is … Continue reading Faro expands into Queensland →

A new-concept welding facility opened by BOC at its Rocklea site in Brisbane is set to be an exciting new hub for product applications and testing, research and development, and training. The facility will primarily be used to demonstrate the latest in welding, cutting and heating technology and automation and contains the latest generation digital … Continue reading BOC opens new Brisbane tech centre →

  According to a report in the Australian Financial Review (AFR),  well-known Australian businessman Andrew Liveris has been recruited by Donald Trump to help bring back American manufacturing jobs. The chief executive of US multinational giant Dow Chemical, Liveris was appointed chair of the President-elect’s American Manufacturing Council. Liveris has led the manufacturing giant Dow … Continue reading Australian CEO becomes Donald Trump’s new manufacturing ‘tsar’ →

According to reports, a major naval shipbuilding program in Australia has taken a significant step forward with the appointment of Danish company Odense Maritime Technologies (OMT) to redevelop shipyard facilities in South Australia. The move follows the announcement of French company DCNS as the preferred partner for the design of Australia’s $50 billion Future Submarine … Continue reading Major naval shipbuilding program gains momentum in SA →

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 →

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? →

Australia’s innovations will grow into successful businesses with help from the CSIRO Innovation Fund, a $200 million fund to commercialise early stage innovations from CSIRO, universities and other publicly-funded research bodies. The CSIRO Innovation Fund, launched today, will support co-investment in new spin-out and start-up companies, and SMEs engaged in the translation of research generated … Continue reading CSIRO to spend $200m on Aussie innovation →

Senator Xenophon deserves a Christmas card from the nation’s steelmakers, after his negotiation with the government to deliver their Australian Building and Construction Commission (ABCC) legislation. The deal saw significant changes made to government procurement rules. The changes require that companies bidding for government projects worth more than A$4 million and will need to outline in … Continue reading ABCC amended local content rules will help Australian steelmakers compete against low-quality imports →

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 →

Australia risks being “increasingly uncompetitive” due to its current company tax rate, the local chairman of BAE Systems has said.

Siemens and Mentor Graphics have announced that they have entered into a merger agreement under which Siemens will acquire Mentor for US$37.25 per share in cash, which represents an enterprise value of US$4.5 billion. This acquisition decisively extends Siemens’ leading Digital Enterprise Software portfolio with Mentor’s electronics IC and systems design, simulation and manufacturing solutions. … Continue reading Siemens acquires Mentor Graphics →

A new report from Forrester has identified and compared the top 11 IoT software platform providers for this quarter. According to the report, IBM, PTC, GE and Microsoft lead the pack, while  AWS, SAP and Cisco Jasper offer competitive options, and LogMeIn, Ayla Networks, Exosite and Zebra Technologies lag behind. Forrester evaluated vendors based on 25 … Continue reading The top IoT software platforms for 2016 →

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 →