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
Whether or not this is down to the so-called ‘Trump Effect’, according to the Australian Financial Review (AFR), Foxconn Technology Group, the biggest assembler of Apple devices, is currently in discussions to expand the company’s US manufacturing operations. The news came only hours after an announcement by US President-elect Donald Trump and SoftBank Group’s Masayoshi … Continue reading Foxconn plants the seeds for US Apple manufacturing
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?
Sounds like an object right out of a sci-fi movie but Seven Dreamers, CEO, Shin Sakane seems to have come up with the “perfect” solution to everyone’s weekend clothing chores. Bloomberg has reported that the Japanese inventor received six billion yen (A$71 million) from partners, including Panasonic, last month to advance what was coined “the … Continue reading Panasonic & partners to build laundry bot
ABCC amended local content rules will help Australian steelmakers compete against low-quality imports
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
According to reports, Downer Rail has sub-contracted all manufacturing duties of 24 double deck Sydney A or Waratah class trains to joint venture partner, China’s CRRC Changchun Railway Vehicles Co, with Downer itself providing the maintenance support for a minimum of 25 years. The Australian Manufacturing Workers Union criticised the award of the contract, saying … Continue reading Sydney’s new trains to be made in China
According to a report in The Australian this morning, HSBC has become the latest Arrium lender to sell its debt in the company. This latest move comes as voluntary administrators KordaMentha and advisers Morgan Stanley prepare to sell the remainder of the Arrium business early next year after divesting Moly-Cop to American Industrial Partners for … Continue reading HSBC set to dump its Arrium debt
The HLF series fiber laser is the newest edition to the range of Yawei sheetmetal machinery to be available from Applied Machinery. Yawei is one of the world’s leading manufacturers of CNC press brakes, CNC turret punch presses and guillotines and their entrance into the laser cutting market is off the back of years of … Continue reading New laser machine set to launch in the Australian market
Bonfiglioli has scored a Bulk Handling Awards hat-trick, taking out the Gears, Motors and Drives category for the third year in a row. This year, Bonfiglioli was recognised for its low backlash drives, which are designed for demanding applications like bulk handling where there are often lots of stops and starts during operation. The awards were … Continue reading Bonfiglioli wins again at the Bulk Handling Awards
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
The manufacturing sector enjoyed its second straight month of growth – described as a “more convincing expansion” than October – in November’s Australian Industry Group Performance of Manufacturing Index survey.
Poultry processor Baiada Group has improved its workplace practices since last year’s findings of employee exploitation, according to a report by the Fair Work Ombudsman.
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
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
Jim Metcher, the NSW secretary of the Communications, Electrical and Plumbing Union (CEPU) and the longest-serving union leader in the country has been accused of hiding his violent past from the Fair Work Commission. This includes his brutal domestic abuse of his daughter and ex-wife. He is expected to face the Fair Work Commission on … Continue reading Union boss’s violent past comes to light
With Asia Pacific leaders reaffirming their commitment to free trade at the Asia Pacific Economic Cooperation Summit in Peru, Malcolm Turnbull is “confident” that US president elect Donald Trump will “see the light” and do an about turn on his protectionist stance against the Trans Pacific Partnership (TPP). Currently it looks to be headed for … Continue reading Turnbull trusts in a Trump TPP turnaround
CSIRO has launched its “FloWorks” Centre for Industrial Flow Chemistry today in Clayton, Victoria. The aim of FloWorks is to provide cutting-edge research into flow chemistry capability, making it more accessible to the chemical manufacturing industry. Senior research scientist with CSIRO’s manufacturing sector and Director of the new centre, Dr Christian Hornung, said flow chemistry … Continue reading CSIRO set to improve chemical manufacturing
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
It’s the time of the year when company boards and executives face their shareholders at annual general meetings. Boards will be asked to explain the pay packages of executives. Already some have been called into question. Some Australian companies cite the need to rely on the United States as a benchmark when it comes to … Continue reading OPINION: Should Australian companies set executive pay to a US benchmark?