Manufacturing optimism has picked up following the election, but an overall loss of momentum beginning mid-2018 persists, according to the long-running Australian Chamber of Commerce and Industry-Westpac Survey of Industrial Trends.
Industry minister Karen Andrews announced that the Advanced Manufacturing Growth Centre will “receive up to $2 million” to carry out a feasibility study on growing the prefabricated building industry and, based on findings, establish a collaborative innovation lab.
Australia Post has announced a five-week trial of Australian-assembled three-wheeled electric vehicles, to take place in the Melbourne suburb of Lilydale.
Incitec Pivot announced yesterday that its Gibson Island ammonia factory will continue running, and that gas supply had been secured through until the end of 2022.
Coca-Cola Amatil has announced the sale of its SPC fruit cannery business to a Melbourne-based joint venture for $40 million.
The Australian manufacturing sector continued to grow during May’s federal election month, recording its 33rd straight month of stable or growth results according to the Australian Industry Group’s Performance of Manufacturing Index.
Australia has moved up one place to 18th in the IMD World Competitiveness Yearbook rankings, though the results indicate major improvement is needed in areas including digital skills and energy, says the study’s Australian partner.
Karen Andrews has been returned as industry minister following the re-election of the Coalition federal government.
Monash University’s Institute of Railway Technology has signed a memorandum of understanding with the International Union of Railways (UIC) focussing on R&D collaboration.
The Queensland government is promoting some of the leading companies in the state’s burgeoning manufacturing sector through this week’s “Inside Advanced Manufacturing” series of events.