MANUFACTURES – AUSTRALIA

Former Kellogg’s boss calls for investment lift in food

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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

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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

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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

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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

Limbo leads to turbine layoffs

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Original article by Joanna Heath, Lucille Keen
The Australian Financial Review – Page: 4 : 24-Oct-14

Keppel Prince is to close its wind turbine division, which will result in 100 job losses. The retrenchments are the first to arise from the Australian Government’s review of the renewable energy target (RET). Keppel Prince’s Steve Garner says no orders for wind turbines have been received in 14 months, which would not have been the case had the RET be left unchanged. The sackings came one day after Industry Minister Ian Macfarlane said the Government will pursue a close to 40 per cent drop in the RET in absolute terms

CORPORATES
KEPPEL PRINCE ENGINEERING PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, AUSTRALIAN LABOR PARTY, VICTORIA. DEPT OF PREMIER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PACIFIC HYDRO LIMITED, INDUSTRY FUNDS MANAGEMENT PTY LTD, IFM RENEWABLE ENERGY PTY LTD, ALCOA INCORPORATED – ASX AAI

Smart clothesline on the way as Hills chases innovation

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 21 : 24-Jun-14

Hills is continuing its strategy of growth through acquisitions in the health, security and audio sectors. It acquired Audio Products Group in late June 2014. CEO Ted Pretty said that the company was seeking one or two larger acquisitions as well. Hills is also developing innovative products, including a smart clothesline that releases a rain cover if bad weather is predicted

CORPORATES
HILLS LIMITED – ASX HIL, AUDIO PRODUCTS GROUP PTY LTD, AUSTRALIA. BUREAU OF METEOROLOGY