Sleep apnoea technology manufacturer ResMed has reported strong revenue growth to $1.07 billion in the September quarter, up 10 per cent on the previous corresponding period. The San Diego and Sydney company reported net operating profit increased 27 per cent in the period to $308.8 million as gross margins widened to 59.9 per cent. ResMed’s…
Additive manufacturing company AML3D has begun a Manufacturing Evaluation Programme in the use of its proprietary automated 3D printing systems in the manufacture of parts for the Navy’s new Hunter-class frigates. The programme, with BAE Systems Australia subsidiary, ASC Shipbuilding, brings together two Adelaide companies in the construction of nine frigates at Osborne on Adelaide’s…
Two Australian manufacturing companies Visy and Geofabrics are partnering to reduce greenhouse gas emissions and waste to landfill by integrating recycled PET plastics into new end-products. PET plastic bottles recycled by packaging giant Visy will be re-used by Geofabrics to manufacture its bidim Green nonwoven geotextiles which get used in a range of major Australian…
The federal government has decided to vastly increase the share it will pay of projects to improve the capabilities of defence industries and develop sovereign capabilities. From 12 November the government will increase its contribution towards projects under three key grants schemes which today are shared 50:50 by government and by industry itself. Co-contributions will…
Perth international shipbuilder Austal now expects its revenues and profits for this year will be slightly down on the records it set in FY 2020. The company, which builds ships in Perth, the Philippines, Vietnam and at Mobile, Alabama in the US, has continued to perform well during the Covid-19 pandemic however throughput is down…
The Australia-China political and economic relationship has been under strain with attitudes toughening in Beijing and Canberra. Here China specialist Katie Howe explores what the deteriorating relationship means for Australian manufacturing. “Australia and the People’s Republic of China, inspired by their longstanding friendship and growing economic and trade relationship since the establishment of diplomatic relations…
Comment by Peter Roberts I only just heard about the extraordinary James Bennett’s Australian Made Products Facebook page. In six years James’s various Facebook groups – all passionate about Australian manufacturing – have amassed more than 3.5 million followers on Facebook. That is one in every eight Australians follows James. He has a number of…
Oventus extends markets during Covid-19 pandemic Sleep apnoea device manufacturer Oventus sales have returned to the pre-Covid-19 pandemic trajectory, with its devices now being fitted at 15 ‘lab in lab’ sites across the global sleep market. Revenue in the latest quarter was up 192 per cent on the previous corresponding period to $248,000. With the…
Electric truck drive train manufacturer SEA Electric’s Dandenong, Melbourne assembly line is in full swing as technicians fit its locally-made drive systems to imported truck chassis. The company released these new pictures of brisk business at the Melbourne company, which recently announced a joint venture with Toyota offshoot Hino to develop a new medium-sized electric…
The federal government is seeking input in the development of roadmaps for priority areas identified in its Modern Manufacturing Strategy. The Department of Industry, Science, Energy and Resources is seeking views on what the key strengths, opportunities and solutions are to grow manufacturing in in the following areas: resources technology and critical minerals processing food…
