Troubled Lynas plant restarts today

Rare earths producer Lynas Corporation has announced the restart from today of its Malaysian processing facility, following a general re-opening of the economy by the Malaysian government. The plant, which was shut down as part of national efforts to halt the spread of Covid-19, will operate at 70 per cent capacity. The company told investors:…

A new deal plan for manufacturing – what we have learned from readers by Jon Hayward-Wright

The Australian Manufacturing Forum and @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing post Covid-19 has been overwhelmed with submissions. Jon Hayward-Wright reveals key themes from readers as he leads the task of distilling ideas into a new deal plan. Plus, Jon wants to hear from readers interested to join a small…

DXN data centres report growth

Modular data centre manufacturer and operator DXN has reported growth and cost reductions during the March quarter as it continues to execute its business plan. Cash receipts from customers were up $1.4 million on the previous corresponding period to $2.1 million. Staff numbers were reduced and the Board trimmed from six members to three, saving…

ResMed’s strong growth during Covid-19

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…

K-Tig welding market penetration continues

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…