Latest Manufacturing News

Schaffer Corporation delivered solid FY25 results with revenue growth and record property valuations, but the Jaguar Land Rover cyberattack clouds the near-term outlook for its Automotive Leather division.

Schaffer Corporation reported a 10% decline in statutory net profit for FY25, driven by mixed segment performances, while maintaining dividends and advancing key property developments.

AML3D has secured a significant $1.7 million order for its ARCEMY X large-scale metal 3D printer from US defense supplier FasTech, marking a key milestone in its US expansion strategy.

Tamawood Limited reports a robust 39% sales increase and stronger cash reserves following new project management software implementation, but a glitch in Work in Progress reporting has triggered a trading blackout as auditors investigate.

DGL Group has addressed ASX concerns following a disclaimer of opinion in its FY25 audit, citing inventory valuation issues and a fraud incident. The company outlines ongoing remediation efforts including ERP system migration and enhanced controls.

Range International has completed a significant capital raise of A$1.58 million through a two-tranche placement, positioning itself for growth in Indonesia and the Philippines while reducing debt.

Mayfield Group Holdings has completed a $30.5 million private placement and launched a $3 million share purchase plan to fund growth initiatives, including acquisitions and capacity expansion.

VEEM Limited has launched its most efficient marine propulsion system, the VEEM Extreme package, delivering up to 18.1% fuel savings and speed gains. Early trials with Manly Fast Ferries signal strong commercial interest.

Metal Powder Works has secured a follow-on contract with Westinghouse Electric Company to refine metal powders for nuclear additive manufacturing, reinforcing its foothold in a rapidly growing sector.

Korvest has reported a record $13.2 million profit for FY25, driven by strong performances in its EzyStrut and Galvanising divisions, and is now embarking on a major expansion of its Kilburn manufacturing site.

Alexium International Group reported a 26% rise in Q1 FY26 sales driven by new business wins and expanded foam bedding applications, while navigating tighter funding conditions.

Titomic Limited has launched a major European manufacturing hub and a UK subsidiary, secured a $50 million capital raise, and forged strategic partnerships to advance its cold spray additive manufacturing technology.