Australia’s manufacturing future is in specialised, advanced products for global markets. On this score, Australia is fighting above its weight; some ASX-listed manufacturers starred in the latest reporting season and their shares rallied.
Not that one would know that by market and media commentary. Advanced manufacturers on ASX tend to cut across sectors: from building materials to home appliances, auto parts, medical devices, vessels and defence. We don’t think of advanced manufacturing stocks as a sub-set or hear as much about them as we should.
But impressive advanced manufacturers, such as Reliance Corporation Worldwide, Breville Group, ARB Corporation and Austal, have four common characteristics.