Nov 20, 2017 Last Updated 3:31 PM, Nov 20, 2017

New Entry From the Editor :

IMF gives Australia mixed review in annual economic report

IMF gives Australia mixed revi…

AusBN - The International Monetary Fund (IMF) has concluded that while Aust...

Fresh report warns of 10,000 job losses in SA’s construction sector

Fresh report warns of 10,000 j…

AusBN - South Australia’s construction industry should brace itself f...

Australian business conditions elevate to highest on record

Australian business conditions…

AusBN - Business conditions in Australia have surged to new highs, accordin...

Thales Australia secures small arms contract

AusBN – Thales Australia has secured a A$100 million contract for the construction of a small arms manufacturing facility in Lithgow.

The facility will manufacture F-88 rifles, which will used by the Australian Defence Force

A further 10 jobs are now expected to be provided by the facility.

Secretary Tim Ayres said: "You would have to think that some of the manufacturing, maintenance and engineering skills coming out of the mining and electricity sectors would be of real value to Thales.

"It depends on the precise skills that they are looking for, but I'm certain that there'll be job opportunities for people in Lithgow.

"We've got to make sure that Thales keeps working with the local community to deliver local jobs."

@AusBNOnline

Gravure acquires Australian Packaging

AusBN – Australian Packaging has been acquired by Gravure Packaging as part of the company’s “ambitious expansion plan”.

Australian Packaging produces airline, food industry and consumer goods packaging and Gravure is hoping to utilise its business to expand throughout Australia.

Gravure has been focused on both domestic and foreign acquisitions for some time and is planning further investment at its Petone plant.

Plant production has been ramped up in line with the company’s growth strategy with more shifts added to up its capacity.

Gravure MD Greg Chapman said: "We are going through quite a growth phase here in New Zealand.

"Australia has suffered the same thing we have in New Zealand whereby a lot of manufacturing is moving offshore.

"But people will always need to eat, drink and consume products.

"Consumers want more convenience with food products - smaller, individualised portions and very personalised pre-packaged products - so packaging is going to survive and thrive." 

@AusBNOnline 

BYD makes Australian entrance

AusBN – Electric car manufacturer BYD Co has made its entry into the Australian market.

It has now sold more than 100 energy storage systems in the country and has described Australia as a ‘strategic market’.

The Australian storage market is estimated to be worth more than A$24 billion.

Australia’s recent surge in solar power has attracted the battery suppliers to the country.

@AusBNOnline

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