What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) CEA Technologies wins $272 million Army radar contract A $272 million purchase by the federal government will see defence electronics company CEA Technologies deliver “up to 14 multi-mission phased array radars (MMPARs) for the Australian Army”. According to a short announcement from…
Victoria recorded the highest number of manufacturing insolvencies in Australia in 2024, according to new analysis. This rise in business closures highlights ongoing struggles within the state’s manufacturing sector, exacerbated by high taxes, rising energy costs and extensive regulatory burdens. ASIC data reveals that during the term of the Albanese government, 415 manufacturing firms in…
The federal government’s signature manufacturing initiative, the $15 billion National Reconstruction Fund, is progressing with the appointment of an inaugural CEO and a new form for submitting proposals added to its website. The National Reconstruction Fund Corporation board was appointed in August last year, with a search for a CEO announced in October. The board…
New statistics from the Australian Securities & Investment Commission released halfway into the financial year show 243 manufacturing companies became insolvent during July – December 2023, compared to 235 and 84 for the same period in 2022 and 2021. In a statement from federal opposition industry spokeswoman Sussan Ley recapping recent collapses, the government’s “failed…
