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Industry Update austech1056
Issue 65 April 2012
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How one Australian company is thriving in tough economic times Australian manufacturers are now facing more challenges than ever before. The robust Australian dollar, cheap overseas labour, cheap imports, chronic skills shortages and more recently the global economic crisis has put enormous pressure on many businesses to survive. To survive, companies must be innovative. One company that has defied the current trend is Inductotherm, a leader in induction melting and heating technology. Established in Australia 43 years ago, Inductotherm now employs 49 people at its Melbourne plant. This includes administration staff, sales and design engineers, a full service department and a factory with about 20 tradespeople of various disciplines. “I am an engineer, I like to build things,” says Bill Henry, Managing Director of Inductotherm Group Australia.
“Yes, with Australian manufacturing economy sliding downwards and the strong Australian dollar (against the $US and Euro) making our costs higher, it can be difficult, but we’re here to stay,” Mr Henry says. Inductotherm is part of the global Inductotherm Group, which turns over more than $750 million in sales annually and employs over 4000 people worldwide. “It is all part of the global yet local approach
that has been so successful for us over the years,” says Mr Henry. Inductotherm offers a wide range of equipment for the thermal processing industry, including furnaces for melting metals from gold to steel and aluminium to zinc. It supplies forging systems, annealing systems, welding systems, brazing (air and vacuum) systems, heat treatment systems, cap sealing systems, pipe heating systems and more. The company recently made the furnace for the Perth Mint so that they could make the world’s largest coin, weighing more than 1 tonne of pure 24k gold. “One of our best products is our high speed ACR copper tube annealing line, says Mr Henry. “We specially developed this product here in Australia and we are now exporting this all over the world. Almost every air conditioning system uses copper tube, and that copper tube
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