Chemicals and explosives business Orica has revealed a sharp drop in net profit after tax for the six months to 31 March as it faced headwinds from Covid-19, geopolitical issues and foreign exchange movements. The company’s NPAT was 54 per cent down to $77 million for the period according to a statement. CEO Sanjeev Gandhi…
Today we announce our first winner drawn from readers who have replied to our 2021 @AuManufacturing reader survey (see here). Steve from Romar Engineering wins a beautiful Australian-made A5 journal (pictured) from local designers and manufacturers Corban & Blair. Corban & Blair recently onshored the manufacture of its A5 journals, which are made from leather…
@AuManufacturing continues our editorial series – Celebrating Australian Made – with a look at industry policy. Here Phillip Toner of the University of Sydney examines the legacy of the policies which have created today’s hollowed out industrial structure. During the past four decades the economies of advanced and developing nations have been radically transformed by…
Through our usual good fortune as well as good management, Australia is set to successfully navigate its way out of the COVID-19 pandemic. The 2021-22 Budget signals that confidence is returning for households and businesses with the economy projected to grow 1.25 per cent this financial year, rising to 4.25 per cent over the next.
A Labor government would provide support for aspiring young entrepreneurs to spend a business-focused year working with a university or private sector incubator to develop their startup enterprise or idea.
Electro Optic Systems sees the cash flow in Defence contractor Electro Optics Systems has reported cash flowing into the company on its biggest-ever contract which experienced delivery interruptions during the Covid-19 pandemic. The company maintained production rates of its order for weapons systems for the Middle East during Covid, which saw its inventory of finished…
@AuManufacturing continues our editorial series – Celebrating Australian Made – with some good news about public sentiment to making locally. New consumer research from Roy Morgan shows the preference for Australian-made goods continued to increase in 2020, with the huge majority of 93% of Australians stating they are more likely to buy products made in…
With international pressure mounting on Australia to commit to more substantial action on climate change, Budget 2021-22 was an opportunity — coupled with a once-in-a-generation social license to spend strategically to ‘build back better’ — to set out the government’s strategy towards addressing these concerns. So what’s in the budget for the Circular Economy? Dr Kar Mei Tang explains.
Patent box a win for IP development, jobs: Cochlear and CSL Local biotechnology leaders Cochlear and CSL have both praised the patent box incentive, which their sector has lobbied for for a decade. The measure will see revenue from locally-created IP taxed at 17 per cent, rather than at the 30 per cent corporate tax…
Building products group CSR has boosted sales and profits across diverse construction markets, announcing full year ended March 31 net profit after tax up 17 per cent to $146.1 million. A slowdown in residential construction was more than made up through strong cost control and operational efficiency increases, with the company’s building products segment reporting…
