NewsBite

Manufacturing

March

Dutton delivers his budget reply speech in the House of Representatives.

Santos breaks ranks on Dutton’s gas plan

The gas producer looks set to emerge as a winner under the Coalition’s gas policy, despite it being widely blamed for the risk of shortages on the east coast.

Sanjeev Gupta in front of an InfraBuild plant in Melbourne in 2017. The British industrialist acquired the operations out of the collapse of Arrium.

Ben Brazil’s InfraBuild lawsuit spurious and illogical: Gupta

In response to a New York lawsuit, the British industrialist said bond agreements expressly allowed the use of company funds to pay GFG Alliance creditors.

The ACCC says gas exporters should be encouraged to prioritise domestic supply.

Record winter gas shortfall is coming: ACCC

Ensuring Queensland’s LNG exporters divert unsold gas to the local market will be critical to avoid supply shocks, the watchdog said.

US President Donald Trump displays a signed automotive tariff executive order in the Oval Office.

Trump tariffs deliver body blow to Japan’s auto industry

After embracing the return of a once staunch ally, Japan’s car makers now find themselves on the front line of the trade war despite huge investments in the US.

Alibaba Group Holding and BMW AG will team up to produce AI for cars in China.

Alibaba teams up with BMW to develop AI for cars in China

BMW is building a new intelligent personal assistant with enhanced voice recognition and trip-planning features to be rolled out next year.

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Microcap Sprintex was among Tuesday’s raising candidates.

Sprintex launches capital raising; Alpine Capital on ticket

Sources said the deal had secured cornerstone commitments for 50 per cent of the book before the official launch. 

BYD is extending its lead over Tesla.

BYD overtakes Tesla to secure pole position in EV race

The Chinese electric carmaker’s latest full-year financial results reveal the extent of this power shift, with it surpassing the $US100 billion revenue mark.

Sanjeev Gupta in front of an InfraBuild plant in Melbourne in 2017. The British industrialist acquired the operations out of the collapse of Arrium.

Sanjeev Gupta’s InfraBuild delays accounts for third time in a month

Despite having circulated its unaudited half-year financial results to bondholders on March 3, it has repeatedly delayed a call to discuss the finalised figures.

Amplitude Energy CEO Jane Norman pointed to strong interest in the gas from potential industrial customers.

Victorian energy shortage fears drive $400m investment in gas venture

Buyer interest and higher prices provide confidence in what is the largest new project in the south-east, said Amplitude Energy chief executive Jane Norman.

James Hardie chief executive Aaron Erter insists the deal ticks all the boxes.

James Hardie’s $14b bet exposes gulf between Aussie and US investors

The industrial logic of James Hardie’s big bet on US giant Azek is sound enough, but the price is already worrying investors. 

BYD founder Wang Chuanfu is a step closer to his long-held vision of homegrown Chinese technology conquering the global market.

Wang Chuanfu, the ‘humble’ BYD founder with a battery obsession

Chinese electric vehicle maker’s new five-minute charging system puts the disrupter one step closer to conquering global markets.

A protester stands outside a Tesla showroom in West London.

Musk must pivot to avert ‘black swan crisis’ for Tesla: analyst

The billionaire’s “110 per cent” focus on making the US federal government more efficient could permanently damage the EV maker, says an expert.

LNG imports may not be needed until later this decade under AEMO’s latest gas outlook.

Winter gas threat pushed out but shortages loom

The energy market operator expects winter gas shortages to hit Victoria in 2028 and predicts a serious energy shock without new investment. Queensland says it will keep coal-fired power stations open longer.

Victoria’s mainstay of gas supply, the Bass Strait fields, are now depleting rapidly.

Looming threat to curb Queensland LNG exports spurs new drilling

The concern among Queensland’s LNG exporters about a crackdown on Asian sales contract renewals is pushing them to drill for new gas to supply domestic customers.

Cement production is one of Australia’s most trade-exposed industries.

Lack of carbon border tax could force jobs offshore

Australia’s cement producers say the government’s “highest climate policy priority” before the budget should be a carbon border tax to protect local jobs.

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BYD sold more than 318,000 EVs last month, up 161 per cent from a year earlier.

BYD unveils EV battery that charges in just 5 minutes

The Chinese company said its new EV system was capable of providing 400 kilometres of range in five minutes, charging more than twice as fast as a Tesla.

A worker with a pane of glass at a construction project in Sydney.  Oceania was the only local manufacturer of architectural glass.

Oceania Glass collapse brought on by failing machinery: administrator

The 169-year-old company was the country’s only manufacturer of architectural glass before its private equity owner, Crescent Capital, called in Grant Thornton last month.

Squadron has almost completed construction of an LNG import terminal in Port Kembla, NSW.

Forrest’s Squadron takes swing at APA in secret ministerial submission

In a secret ministerial submission, Squadron complained that APA is creating a false sense of security amid plans for LNG gas to be imported to the south-east.

Tesla Cybertrucks

‘Screwing over Tesla’: EV maker warns Trump about his tariffs

Elon Musk’s business wrote a letter to the administration, which was unsigned because “nobody at the company wants to be fired for sending it”.

Wallaby Foods products as featured in Coles catalogue.

Soulfresh squad acquires Byron Bay-based healthy snack maker

Didi Lo has led a consortium bid for Wallaby Foods, whose factory supplies to Coles and Woolworths stores around the country.

Original URL: https://www.afr.com/topic/manufacturing-5z3