Manufacturing vision drives blueprint for future

Original article by Geoff Chambers,Simon Benson,Rosie Lewis
The Australian – Page: 1 & 4 : 28-Sep-20

Sectors such as defence, medical technology, biotechnology, agriculture and resources are expected to be the focus of the federal government’s strategy to boost Australia’s manufacturing capacity in the wake of the coronavirus pandemic. Prime Minister Scott Morrison will reveal details of the manufacturing strategy ahead of the federal Budget on 6 October. The push to increase local manufacturing is part of the government’s five-year plan to revive the economy and increase jobs.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Coalition eyes Australian economic sovereignty with boost to manufacturing

Original article by Paul Karp
The Guardian Australia – Page: Online : 20-May-20

Federal Industry Minister Karen Andrews will use a National Press Club speech on 20 May to call for Australia to ramp up local manufacturing in the post-coronavirus environment. She will argue that factors such as domestic manufacturing, a lower company tax rate and an increase in natural gas supply are crucial to the nation’s economic sovereignty. Andrews will also emphasis the need for projects to be approved more quickly.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, SCIENCE, ENERGY AND RESOURCES

Now for start of on-shoring era: Liveris

Original article by Jacob Greber
The Australian Financial Review – Page: 13 : 9-Apr-20

The coronavirus pandemic has prompted renewed scrutiny of Australia’s dependence on imports for essential goods such as medical equipment. Manufacturing now accounts for six per cent of the domestic economy, compared with about 40 per cent in the 1970s. Business leader Andrew Liveris says Australia needs to increase local manufacturing, but he stresses that the focus should be on high-end sectors such as health and technology.

CORPORATES
DOW CHEMICAL COMPANY

Manufacturing falls to two-year low

Original article by John Kehoe
The Australian Financial Review – Page: 3 : 8-Jan-19

The Australian Industry Group’s Australian Performance of Manufacturing Index declined 1.8 points to 49.5 in December. It was the lowest that the Index has been since August 2016. Five of the Index’s eight manufacturing sub-sectors expanded, while the report noted the strong performance of the Victorian manufacturing sector. The decline in Australian manufacturing activity mirrors the global economy, with the US and China having both recently recorded falls in manufacturing output.

CORPORATES
THE AUSTRALIAN INDUSTRY GROUP, GOLDMAN SACHS AUSTRALIA PTY LTD, JP MORGAN CHASE AND COMPANY, IHS GROUP

Gas crunch bites with price hikes

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 : 6-Jan-17

Manufacturers have raised concerns about imminent shortages in gas supply and their impact on prices. Mark Chellew, chairman of Manufacturing Australia, says a period of between mid-2017 and late 2018 will be particularly difficult. According to EnergyQuest, a supply shortfall will reach 172 petajoules in 2020 and 205 petajoules in 2025.

CORPORATES
MANUFACTURING AUSTRALIA LIMITED, ENERGYQUEST PTY LTD, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, VICTORIA WOOL PROCESSORS, ENERGYAUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Ainsworth cashes out $473m pokies stake

Original article by Perry Williams
The Australian Financial Review – Page: 21 : 24-Feb-16

Australian-listed poker machine maker Ainsworth Game Technology has posted a 2015-16 interim net profit of $A33.1m, which is four per cent lower than previously. Meanwhile, founder Len Ainsworth has sold his 53 per cent stake in the group to Novomatic for about $A473m. Ainsworth will remain chairman, and intends to donate some of the proceeds of the sale to philanthropic causes such as medical research.

CORPORATES
AINSWORTH GAME TECHNOLOGY LIMITED – ASX AGI, NOVOMATIC, ARISTOCRAT LEISURE LIMITED – ASX ALL, ST VINCENT’S HOSPITAL SYDNEY LIMITED, WATERMARK FUNDS MANAGEMENT PTY LTD

Former Kellogg’s boss calls for investment lift in food

Original article by Michael Smith
The Australian Financial Review – Page: 15 &20 : 14-Sep-15

McGrath Estate Agents chairman David Mackay was the CEO of multinational food group Kellogg from 2006 to 2011. He notes that Asia represents a huge opportunity for Australia’s food industry, but stresses the need the need for the sector to commit to long-term investment in order capitalise on this. He also argues that the Australian manufacturing sector’s costs are too high, with wages in particular much higher than most countries.

CORPORATES
McGRATH REAL ESTATE PTY LTD, KELLOGG COMPANY, FORTUNE BRANDS INCORPORATED, KEURIG INCORPORATED, MARS AUSTRALIA PTY LTD, SARA LEE AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, BEAM GLOBAL SPIRITS AND WINE INCORPORATED, SUNTORY LIMITED

Sunbeam blenders help to cook up profit surge at GUD

Original article by Jared Lynch, Simon Evans
The Australian Financial Review – Page: 16 : 31-Jul-15

Australian-listed GUD Holdings has posted a 2014-15 net profit of $A33.2m, which is 88 per cent higher than previously. Group revenue was three per cent higher at $A611.5m. The Sunbeam appliances division recorded underlying EBIT of $A7.3m. The 383 per cent increase has been attributed to the introduction of new products and reduced freight costs. GUD Holdings’ shares closed 10.9 per cent higher at $A9.38 on 30 July 2015.

CORPORATES
GUD HOLDINGS LIMITED – ASX GUD, SUNBEAM CORPORATION LIMITED, DEXION LIMITED, DAVEY PRODUCTS PTY LTD, RYCO PTY LTD, OATES CLEAN, JARDEN CORPORATION LIMITED

Shriro warms investors’ hearts with barbecue

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 17-Jun-15

Shriro Holdings will have a market capitalisation of about $A125m when it debuts on the Australian sharemarket on 23 June 2015. The household appliances group’s IPO raised $A50.5m, with its shares issued at $A1 apiece. Shriro’s portfolio of brands includes Altise, Omega and Robinhood, while it is a distributor of brands such as Casio, Blanco and Pioneer. Shriro has forecast a net profit of $A10m and revenue of $A187m for 2015.

CORPORATES
SHRIRO HOLDINGS LIMITED – ASX SHM, BLANCO PTY LTD, CASIO COMPUTER COMPANY LIMITED, PIONEER ELECTRONICS AUSTRALIA PTY LTD, OMEGA APPLIANCES, ROBINHOOD AUSTRALIA PTY LTD, ALTISE, EVERDURE, DULUXGROUP LIMITED – ASX DLX, SHRIRO PACIFIC, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, BUNNINGS GROUP LIMITED, MYER HOLDINGS LIMITED – ASX MYR, BING LEE ELECTRICS PTY LTD, BIG W DISCOUNT STORES, BREVILLE GROUP LIMITED – ASX BRG, GUD HOLDINGS LIMITED – ASX GUD, REXEL AUSTRALIA LIMITED, HAGEMEYER BRANDS AUSTRALIA PTY LTD, ROCKPOOL BAR AND GRILL PTY LTD, ESTEE LAUDER PTY LTD, GREENSTONE LIMITED, CARTER HOLT HARVEY LIMITED, IVE GROUP, METRO PROPERTY DEVELOPMENT PTY LTD, WILSON HTM INVESTMENT GROUP LIMITED – ASX WIG, ANZ SECURITIES LIMITED

Ainsworth looks to lift its international game

Original article by Perry Williams
The Australian Financial Review – Page: 16 : 5-Jun-15

Ainsworth Game Technology has advised that its 2014-15 after-tax net profit will be line with the previous financial year. The listed gaming machine maker expects revenue to be two per cent lower at about $A240m, citing disappointing sales in Australia during the second half. CEO Danny Gladstone says the group will focus on expanding its international business, noting that there is limited opportunity for growth in the Australian market.

CORPORATES
AINSWORTH GAME TECHNOLOGY LIMITED – ASX AGI, ARISTOCRAT LEISURE LIMITED – ASX ALL