Cloudy
4 °C
Germantown, Maryland
Cloudy

Fri Mar 22 2019
none

INDUSTRY WELCOMES GOVERNMENT FUNDING FOR RESEARCH CENTRE

29-05-2015
by 
in 

The Australian Advanced Manufacturing Council (AAMC) has welcomed the Federal Government's announcement of $40 million over seven years for the Innovative Manufacturing Cooperative Research Centre.

AAMC chairman John Pollaers told the Cooperative Research Council's "Australia 2040" event at Parliament House in Canberra last week the new CRC was an important element in the innovation ecosystem for Advanced Manufacturing.

Mr Pollaers congratulated the partners in the IMCRC bid, including lead industry partner, the Australian Industry Group.

"The world is moving fast, adopting new technologies and manufacturing processes, and creating new industries," Mr Pollaers told the high level gathering of industry and research leaders.

"These factors have imposed new business models in which design, brands, trademarks and goodwill are fundamental business assets and drivers of global value," he said.

"Our future resilience depends on innovation, on new processes, new products and new markets - opportunities which are being grabbed with both hands by other advanced economies, Mr Pollaers said.

"Our focus must be on innovation and it must be a long term one.

"Along with the Government's Growth Centre strategy, we see this announcement as a major step in growing Australia's knowledge future.

"Advanced automation, intelligent manufacturing, the use of embedded sensors and the linkage of sensors to the internet – all of these things open the door to game-changing possibilities.

"This is what is commonly referred to as "the Internet of Things" – a world where physical objects are connected and communicate with one another via networked systems.

"Virtual technologies have transformed design and engineering processes.”

Mr Pollaers said what is being referred to as the “4th Industrial Revolution” is underway.

"At the same time, the marketplace is now the world, he said.

"We are no longer constrained by the domestic market. We must therefore compete on distinctive qualities and consider global opportunities. What does the world need and want?”

Mr Pollaers said 70 per cent of global trade now is in intermediate goods and services and capital goods, not in finished goods.

Across the world, companies are recognising the opportunity in manufacturing components for global supply.

"All of this means - Looking ahead to 2040 and beyond – that a successful manufacturing sector will depend on cutting edge research and technology – and a highly skilled, technologically advanced workforce."

www.aamc.org.au

Related news & editorials

  1. 22.03.2019
    22.03.2019
    by      In
    OMAX Corporation, a manufacturer of abrasive waterjet systems, plans to join forces with Hypertherm, a manufacturer of industrial cutting systems and software, following the signing of a definitive merger agreement that establishes OMAX as a wholly owned subsidiary of Hypertherm.
    When the agreement... Read More
  2. 22.03.2019
    22.03.2019
    by      In
    Whether trapezoidal, high helix or metric threads, lead screws in combination with nuts made of iglidur high-performance polymers ensure lubrication-free adjustment for long-lasting and smooth running. But designing the right drive solution has so far demanded the necessary knowledge in technical... Read More
  3. 22.03.2019
    22.03.2019
    by      In
    CSIRO research into the Melbourne to Brisbane Inland Rail project has found that shifting horticulture and processed agriculture, such as meat, rice and dairy products, from road to rail could reduce transport costs for the agricultural sector by an estimated $70 million per year.
    Last year,... Read More
  4. 22.03.2019
    22.03.2019
    by      In
    The executive board of German bearings manufacturer Schaeffler AG has made appointments based on decisions by the company’s supervisory board on March 1st, 2019. The executive board will continue to consist of eight managing directors and the four regional CEOs, but the new appointees will make the... Read More