Sleep apnea device manufacturer ResMed has reported an operating profit up 31 per cent in the third quarter as it pivots towards products used to fight Covid-19. The company reported revenues up 16 per cent on the previous corresponding quarter to $ 1.19 billion (US$769.5 million). The company, which makes sleep apnea machines and hospital…
The effects of the current pandemic have become apparent, with Australian manufacturing recording its biggest month-to-month fall in the history of the Australian Industry Group’s Performance of Manufacturing Index for April, following a rebound in March.
Austal will build six new Cape Class patrol boats for the Australian navy, with a new order valued at approximately $350 million.
By Elizabeth Thurbon, UNSW; Hao Tan, University of Newcastle; John Mathews, Macquarie University, and Sung-Young Kim, Macquarie University The chaos of COVID-19 has now hit global energy markets, creating an outcome unheard of in industrial history: negative oil prices. With the world’s largest economies largely in lockdown, demand for oil has stagnated. Essentially, the…
Welding technology developer K-TIG secured a number of new customers for its welding as a service (WaaS) business during the March quarter even as its shares languish on the ASX. The company reported good progress with customer acquisition in the quarter, adding Glenfield Engineering, Aqseptence Group and John Zink Hamworthy Combustion as licencees. John Zink…
Australasian dairy powerhouse Fonterra has joined with a German start-up to provide research and product development expertise for the development of new milk products and foods. Fonterra has entered into a strategic partnership with YFood and made a ‘small investment of capital’ in the business which focuses on what the company calls ‘complete food’ for…
Engineer Dr John Blakemore adds to @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing post Covid-19 with lean, agile policy ideas. The covid-19 pandemic has exposed Australian supply chains and our lack of independent manufacturing capability to a significant extent and clearly demonstrated that the policies of the past need to change.…
