A u s t r a l i a ’s L a r g e s t C i r c u l a t i n g M a n u f a c t u r i n g M a g a z i n e - CAB Member
Industry Update
Inside
Issue 68 October 2012
Manufacturing Magazine
$12.00 INC.GST
Opinion
A clear path American manufacturing for Australian manufacturing on the rise p6 p32
Beware of new safety laws p56 Visionsafe focus on Safety
by
Scott Moffat
p54
the most innovative cutters ever produced by Sumitomo with the features to revolutionise milling throughout the world.
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Fresh Air from Fanmaster p78 And the winners are: NSW State Training Awards full coverage p68
Industry back on track as employment figures rise predictions that the industry would continue to shed jobs over the next five years. Manufacturing lost 106,775 jobs in the last four years (2007-08 to 2011-2012) and the Commonwealth projects another 85,600 jobs may be lost in the next five years. Employment and Workplace Relations Minister Bill Shorten says the recent jump in manufacturing jobs, although small, signals a resilience in the sector. “Australia is still doing better in the global rankings than most other countries around the world,” he said in reference to the latest ABS employment figures. Mr Shorten said Australia remains “a nation that makes things” including high-tech and manufacturing and textiles and clothing. Manufacturing is an integral part of the Australian economy. Last year, manufacturing contributed about $106 billion to the economy. Manufacturing also accounts for more than
The WEX Indexable Endmill Cutter is one
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Manufacturing lives The death of manufacturing in Australia has been vastly exaggerated, according to latest figures released by the Australian Bureau of Statistics. Surprisingly, the number of Australians employed in the manufacturing industry has increased in the past year. This is despite recent company downsizing and closures as well as steel and auto industry retrenchments. The strongest growth has been in Victoria, where 10,000 full-time manufacturing jobs were created in the past year. There are now 308,200 Victorians in manufacturing jobs compared with 295,100 at the same time last year. Full-time jobs have gone from 248,000 to 258,000. In total, about 962,000 people were counted by the ABS as working in manufacturing in Australia – up 1 per cent over the previous quarter. This means manufacturing now accounts for just over 8 per cent of the workforce. The latest figures have defied expert
SEI Carbide Special offer p18
25 per cent of all business expenditure in R&D, with over $4 billion invested in research and development. The federal government has acknowledged the importance of the manufacturing sector to Australia’s economy. Its future remains important for at least two reasons: first, manufacturing drives innovation and technological change – key elements of our productivity performance – and second it contributes to our external trade balance. Without a solid manufacturing base, Australia faces the prospect of losing scientific, engineering and computing expertise that has taken generations to nurture in research and production. The Prime Minister’s Manufacturing Taskforce Report noted: “A dynamic and thriving Australian manufacturing sector is critical to the longterm health of the economy and the nation.”
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3D Printing p79
Industry Update’s rise continues Industry Update magazine has cemented its position as Australia’s No 1 manufacturing publication. While many other Australian magazines are in decline, Industry Update has never been stronger. With a CAB audited circulation of 18,000 and a national readership of more than 72,000, Industry Update remains a dominant market leader. Last year was our biggest on record, with advertising levels reaching new heights. The Aug/Sept 80-page edition was another record-breaker for that period and our next November edition (formerly Dec/Jan) has already surpassed 2011 by 40%. So don’t miss out. It’s not too late to showcase your products and services in this bumper edition!
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