Efficiency drive saps Orica profit

Explosives manufacturer Orica has outlined the short-term costs of an efficiency drive and investment programme which has been underway for several years. The Melbourne company has delayed its reporting of full year results by two weeks and told investors that underlying earnings before interest and tax (EBIT) would be ‘slightly above $600 million.’ Chief executive…

Manufacturing and renewables: Albo’s budget reply

By Denham Sadler Opposition Leader Anthony Albanese has unveiled his alternate vision for Australia’s recovery from the COVID-19 pandemic, with a focus on revitalising local manufacturing through renewable energy and defence industry spending. Mr Albanese delivered his budget response speech on Thursday, criticising Josh Frydenberg’s second budget for its short-term politics and lack of longer-term…

Zip introduces contactless hot and cold water tap

Sydney appliance manufacturing icon Zip Industries has launches a first-of-its kind contactless hot, cold and sparkling domestic and commercial water tap in response to the Covid-19 pandemic. The company, which pioneered instant boiling water taps for homes and offices, has created the HydroTap Touch-Free Wave (pictured), a contactless version of its flagship HydroTap that will…

The surge to renewables promises cheaper power for manufacturing – by Ben Waters

Manufacturers have experienced a sudden shift from cheap, fossil fuel electricity to expensive generation. Now the shift to renewables is on, and manufacturers are beginning to free themselves from the grasp of high fossil fuel prices. Here sustainability and cleantech leader Ben Waters discusses the new reality of renewably generated electricity. Manufacturing is key to…