Official figures show China’s factory output declining, and steel output has declined for the first time in two decades.
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My 5 predictions for manufacturing in Australia in 2014
A New Year has begun and most economists and media are providing their forecasts for 2014.
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J Smith & Sons packs it in after 113 years
The 113-year-old Gympie-based J Smith & Sons has told its workers that the company will enter voluntary liquidation.
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Industry to rebound as resources boom disappears
A report by think tank the Grattan Institute suggests that the country’s manufacturing sector has performed with resilience through the mining boom and will grow as investment in resources - worth $400 billion in the last decade - tapers off.
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How we learnt to stop worrying and love the boom
The biggest mining boom in Australian history since the gold rush of the 1850s is about to change shape. The investment phase of the boom, which has seen A$400 billion invested in the last decade, is tapering off.
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FactCheck: is Australia losing one manufacturing job every 19 minutes
“Under this [Labor] government we’ve seen one manufacturing job lost every 19 minutes.” – Opposition industry spokeswoman Sophie Mirabella, Q&A, 1 July.
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Alcoa asks suppliers to cut costs, blames conditions worse than GFC
Alcoa has requested a 12 per cent discount from its suppliers, explaining that conditions now are worse than during the Global Financial Crisis, with low aluminium prices and a persistently strong Australian dollar hurting the company.
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Conditions to improve for animal food industry
The animal food manufacturing market in Australia has stayed resilient in the last five years, despite difficulties linked to disease outbreaks and irregular weather patterns, and is expected to grow strongly in the next five, according to a new IBISWorld report.
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Amcor announces profit rise
The world’s biggest packaging company, Hawthorn-based Amcor, announced a 15.7% jump in net profit to $412.6 million for the year ending June 30.
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Tariffs mean US won’t see Holden Ute
In another disappointing story for Australian car manufacturers, news.com.au reports that plans to export the Holden Commodore Ute have been scrapped due to high US tariffs.
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