Manufacturing looks to efficiency, productivity and sustainability – Comm Bank

Australian manufacturers expect to increase production volumes in the next 12 months, supported by higher capital expenditure and investment in technology, a new CommBank report shows. The new 2023 CommBank Manufacturing Insights Report reveals that 72 per cent of manufacturers in Australia expect to increase production levels in the next 12 months, while the same…

Ampcontrol acquires Androck

Electrical engineering business Ampcontrol has announced that it has acquired its fellow Hunter region, NSW-based business Androck Engineering & Mining, with this expected to be completed on May 31. Androck is a company of 65, with five workshops in Rutherford. It manufactures, repairs and supplies for the underground mining sector. A share purchase agreement was…

Hexagon secures site for ammonia production

The Western Australian government has approved and allocated land for the construction of Hexagon Energy Materials planned WAH2 ‘low-emissions’ ammonia project aimed at exports to Asia. The 40 hectare site is in Hexagon’s preferred location at the Maitland Strategic Industrial Area – 2,500ha of land that is strategically located to promote and facilitate the processing…

ASM sells magnet metals from its metals plant

Rare earths and metals producer Australian Strategic Materials has announced a strategic partnership with US based rare earth magnet manufacturer Noveon Magnetics Inc. ASM, which is developing the Dubbo rare earths project in NSW, will supply Noveon with neodymium iron boron (NdFeB) alloy needed to make permanent magnets from ASM’s Korean Metals Plant (KMP). Ores…