Bluescope Steel, which announced a 160 per cent lift in its annual profits yesterday, has said it needs to continue cutting costs and be “competitive and profitable producer” if it is to keep the Port Kembla steelworks open.
Yesterday’s shocking announcement by the NSW Coalition government that a $2.3 billion contract for 500 intercity train carriages has been awarded to a multinational (mainly South Korean) consortium including UGL, Hyundai Rotem and Mitsubishi Electric Australia was met with a wave of outrage and derision across the state and Internet.
Britax Australia workers will rally in shopping centres, following the company’s May announcement that it will close its Melbourne factory and outsource production to China.
According to a report in today’s Australian newspaper, former Orica executives, Andrew Larke and Patrick Largier, are being courted by the administrators of Arrium to become directors of its $1.5 billion subsidiary Moly-Cop. Moly-Cop makes steel grinding balls used in mining and is touted as one of the most lucrative part of Arrium’s ailing operations. … Continue reading Arrium administrators find Orica execs as the solution for Moly-Cop
Morgan Stanley will run the sale process for Arrium Australia – the steel and iron ore group minus Moly-Cop – with the mandate to pursue a trade sale rather than ASX listing.
New defence industry minister Christopher Pyne visited shipyards at Western Australia yesterday, dismissing suggestions he was focussed on winning shipbuilding work from the state for his home state of South Australia.
A collaboration by Hardi Australia with its sibling companies will create jobs in South Australia, according to the company’s chief executive.
About 25 jobs at Bluescope Port Kembla’s slabyard will be lost as automated processes are brought in.
The manufacturing sector’s growth appears to be behind a surge in demand for machinery operators and drivers in a Department of Employment survey.
While hiring intentions among Australian employers remain positive, their employees feel let down on the training front and many are actively looking to switch jobs, the latest Hudson Report has revealed. The report tracked the hiring intentions of more than 2,000 employers, as well as the attitudes of 1,330 employees in April this year. It … Continue reading Report finds employers eager to hire but staff also eager to leave
In a move that could help reinvigorate the metal production industry in Australia, CSIRO and Enirgi Group have joined forces to develop and commercialise an affordable and low-emission technology for producing magnesium metal. The CSIRO-developed technology, known as MagSonic, produces magnesium using up to 80 per cent less energy and up to 60 per cent … Continue reading Low-cost magnesium developed by CSIRO
A new Manufacturing Centre of Excellence has been opened in Burnie, part of the response to Caterpillar Underground Mining’s decision to move manufacturing to Thailand.
Prime minister Malcolm Turnbull reshuffled his ministry yesterday, expanding cabinet to 23 and appointing Greg Hunt as industry minister, with Christopher Pyne moving to defence industry.
Fears that the Chinese Australian Free Trade Agreement (ChAFTA) will lead to a flood of Chinese workers in Australia are unfounded.
“Make an appointment for 4pm today with Gary,” I say to my assistant as I hang up from a promising phone call with a potential client. There was a time when you had to be high up in an organisation to have an assistant.
The South Australian government has announced a grant scheme, offering SMEs in the state – which has the country’s worst unemployment rate – $10,000 per each job created.
Dow Chemical will cut 2,500 jobs worldwide and make savings of $400 million as it ends a 73-year-old joint venture with Corning.
Argon has introduced its 21.3-inch rugged display, designed for command and control applications where maximum viewable surface area is needed in the smallest mounting possible. The ARD21 has a small bezel size, flexible mounting configurations, configurable I/O and universal AC/DC power supply. This makes it a suitable solution for mission critical applications. The product’s display … Continue reading New rugged display
Catastrophic failure of machinery or structures is usually expensive to repair and can pose a threat to the health and safety of workers and the public. Remote Visual Inspection (RVI) of materials, components and structures can give inspectors and technicians warnings of many potential failures before they cause problems. A videoscope is an inspection instrument … Continue reading Industrial videoscope being touted as the new ‘gold standard’
The federal opposition yesterday announced a plan to encourage the use of locally-manufactured rail transport.