Incitec Pivot’s net profit after tax has slumped 68 per cent for the year ending September 30, with the company citing resources and fertiliser price slumps.
Britain’s wealthy Gupta family is reportedly interested in Arrium’s steel and iron assets.
The CEO of the US’s largest privately-held coal company has called car maker Tesla a fraud. Reuters reports that Robert Murray told an interviewer yesterday (US time) that Tesla was the recipient of green subsidies of the kind supported by US Democrat presidential candidate Hillary Clinton. “Here again, it’s subsidies, and Hillary Clinton said they … Continue reading Tesla founder, coal boss exchange “fraud” comments
Bradken’s board has supported a takeover bid worth $689 million from Japan’s Hitachi Construction Machinery.
Australia’s largest workplace health and safety event, Safety in Action, took place this year in Sydney, exhibiting the latest systems, products, and seminars to encourage safety in the workplace. Manufacturers’ Monthly was on site speaking to some of the companies that attended. Sharon Masige writes.
LaserBond has secured a contract to provide technology services for a Chinese minerals processing equipment manufacturer.
Australian manufacturers are increasingly confident about profitability in 2017 and have “rebounded strongly” in recent months, according to a long-running quarterly survey.
Chinese steel output will continue to increase modestly, BHP Billiton is predicting, contrary to some analysts’ predictions.
Hedweld Engineering has opened a new manufacturing facility in Mt. Thorley, NSW, to foster innovation in the Hunter region.
Volvo has tested out its self-driving technology truck underground to work in a Swedish mine.
A group of research analysts will attend briefings at Moly-Cop’s Waratah headquarters, as they prepare to write pre-marketing reports and efforts to sell the grinding media business step up.
Joy Global has released their third quarter results for this year, signalling a plummet in sales compared to 2015.
The Victorian government has announced it will permanently ban unconventional gas, often produced through the controversial process of hydraulic fracturing or “fracking”. Legislation to implement the ban will be introduced this year.
Orica and Yara have opened their joint venture Yara Pilbara Nitrates ammonium nitrate plant, located in Western Australia’s Pilbara region and expected to be operational by the year’s end. Phase one of the construction phase of the plant, opened by state premier Colin Barnett on Thursday, has just finished. The JV factory will be integrated … Continue reading World-scale ammonium nitrate factory opens in Pilbara
Flexco has released the PTEZ Belt Trainer tracking idler for its line of belt trainers. Designed with the company’s “Pivot and Tilt” feature, it can be used in any application that requires tracking to prevent damage to the belt or conveyor structure, including single-direction and reversing belts. The Pivot and Tilt feature ensures that the … Continue reading Flexco launches belt trainer for conveyor tracking
GE Power has announced that it has completed the acquisition of the Heat Recovery Steam Generator (HRSG) business of Doosan Engineering & Construction for $USD250 million. Originally announced in May, the Doosan Engineering & Construction HRSG acquisition will help GE Power meet the growing demand for its combined-cycle power plant solutions, which utilize HRSG technology, … Continue reading GE buys out Doosan’s Steam Generator Business
In recent years, the use of modern adhesive technologies has become increasingly prominent in the industry. There is a good reason for this, as high-performance adhesives deliver numerous advantages for constructors and processors alike. In particular, the property of bonding all kinds of materials quickly and securely is one of the reasons why adhesives are … Continue reading Modern adhesives – a key manufacturing technology of the future
ASX-listed Engineering company Downer EDI saw a 14 per cent drop in net profit, beating expectations, and said its strategy will involve targeting more rail and bus contracts.
The acquisition is the first major step for Komatsu into the underground mining space since its partnership with GE to develop underground mining technology, as despite the fact it has manufactured mining equipment since 1921 “the company’s portfolio does not include equipment for underground mining”.
Unlike our previous election, in fact unlike our past three federal elections, in the US, both candidates for president are vowing to revitalise and resurrect the U.S. manufacturing industry. In fact, Donald Trump says he will “reclaim millions of American jobs” while Hillary Clinton is pushing a “make it in America” strategy. “While too many … Continue reading OPINION: Unlike in Australia, US elections are all about manufacturing