Australia’s top 100 manufacturers for 2020 revealed

Caltex Australia has topped the list of Australia’s leading
manufacturers for 2020 for the second consecutive year, with this year’s
‘Top 100’ reflective of Australia’s investments in advanced
manufacturing, reputation for high-quality production and the
depreciation of the dollar.

The list consists of 29 ASX-listed
companies and 37 locally owned companies, according to the Advanced
Manufacturing Expo’s ‘Top 100 Manufacturers in Australia’ – compiled by
IBISWorld.

“The ‘Top 100 Manufacturers’ for 2020 have experienced
strong revenue growth in comparison to previous years, namely due to the
restructuring of business processes to incorporate automation and an
increased focus on boosting productivity,” IBISWorld Australia’s
enterprise researcher, Aaron Vaserman, said.

“This also appears to
have been spurred by the 2017 Federal Government Advanced Manufacturing
Fund that provided grants to small Australian manufacturers to invest
in automation, of which the benefits are starting to be realised.

“While
at a macroeconomic level, the depreciation of the Australia dollar over
the last year has increased demand in Australian exports, supporting
revenue growth for manufacturers and increasing global competitiveness.”

Manufacturers
on the list have a combined revenue of $319 billion, as Australia’s
$413.9 billion manufacturing industry passes the midway point of
forecasted 0.5 per cent growth by 2022. The industry is made up of
almost 104,000 business and employs over 964,000 Australians.

‘States of Play’:

  • NSW is represented by 49 companies on the list
  • VICis represented by 30 companies on the list
  • QLDis represented by 9 companies on the list
  • WA is represented by 4 companies on the list
  • SAis represented by 4 companies on the list
  • ACTis represented by 1 company on the list
  • NZis represented by 2 companies on the list, along with 1 Auckland-based company

Representation by Leading Industries (Number of Companies):

  1. Food Manufacturing (18)
  2. Pharmaceutical Product Manufacturing (6)
  3. Beverage & Tobacco Product Manufacturing (5)
  4. Non-metallic Mineral Product Manufacturing (5)
  5. Pulp, Paper and Converted Paper Product Manufacturing (4)
  6. Basic Chemical & Chemical Products Manufacturing (4)
  7. Medical and Surgical Equipment Manufacturing (4)
  8. Machinery and Equipment Manufacturing (4)

“Previously,
Australian manufacturers have had difficulty competing with their Asian
counterparts, predominantly due to their much lower cost of labour,”
Vaserman said.

“Now, our manufacturers are adapting or have
adapted by focusing on highly specialised areas, which is evident in
industries from medical product manufacturing to paper product
manufacturing, with companies like Visy and Paper Australia experiencing
revenue growth despite the wider decline of the Pulp, Paper and
Paperboard manufacturing category. In short, Australian manufacturers
are taking advantage of opportunities for growth by focusing on the
premium areas of the market.”

According to the research group, the
companies featured on the list are demonstrative of Australia’s growing
competitive advantage over international competitors as a result of
advanced manufacturing adoption as well as highlighting the
opportunities available to Australian manufacturers that are able to
produce highly specialised products across a broad range of industries.

“Numerous
factors shape manufacturers’ ability to be successful, however,
adopting advanced manufacturing production processes, such as investing
in automation or high-tech solutions, is continuing to pay dividends for
Australia’s leading manufacturers,” exhibition director of the Advanced
Manufacturing Expo, Jono Whyman, said.

“Therefore, it is fitting
that Advanced Manufacturing Expo is being launched in 2020, with the
expo’s express objective being to provide manufacturing and industrial
professionals with an evolution and productivity focused forum, which
supports them in maintaining this crucial competitive advantage over
international competitors.”

This year’s list of the ‘Top 100
Manufacturers’ also reveals a trend for Australia’s Petroleum and Coal
Product manufacturers and Petroleum Refining and Petroleum Fuel
manufacturers, who are experiencing growth despite global challenges in
recent times.

“Contrastingly, the expected decline of the world
price of crude oil over the past year appears to have had limited impact
on Australia’s large petroleum refiners and producers, who have
performed strongly over the past year,” Vaserman said.

“Caltex, BP
Australia and Viva Energy Group have all posted increases in revenue
despite a highly volatile market, which is largely attributed to their
successful investment in efficiencies, strong domestic demand and global
political instability.”

The inaugural Advanced Manufacturing Expo
2020 will be held at the Sydney Showground, Sydney Olympic Park, from
13-15 May 2020 and is free for all registered industry professionals.

The
Expo will offer manufacturers insights and exposure to the latest in
advanced manufacturing production solutions, practices and strategies to
support their continued growth.

To register, please visit: http://www.advancedmanufacturingexpo.com.au/

To view the Top 100 list: https://www.advancedmanufacturingexpo.com.au/

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