Manufacturing stands as one of the most important Australian industries, providing a significant number of jobs, products for export, and support for other key industries such as mining and infrastructure.
Unsurprisingly, Ai Group reported that the manufacturing sector managed to expand for six consecutive months to December 2015. In fact, this period marked the longest run of expansionary readings in the industry since 2010.
The manufacturing industry is critical to Australia.
Innes Willox, chief executive of Ai Group, explained in a media release that it's a welcome change of pace following prolonged weakness.
"With export growth solid and production, sales and new orders all on the rise, there is now a very good base from which manufacturers can launch a prosperous 2016."
McKinsey & Company, in Manufacturing the future: The next era of global growth and innovation, explained that the global manufacturing sector has seen a tumultuous decade. In developed nations, it's an important source of innovation and competitiveness for companies, along with productivity growth. But, as with any industry, there are challenges.
The research organisation explained that one of the key areas of required focus is a turn to new approaches and capabilities. In effect, manufacturing has done things a certain way for a very long time, but changing markets and customer demands means it's time to reassess operations.
McKinsey & Company pointed out that making bets on long-range opportunities with distant pay offs (for example moving across to new materials and investigating new markets) will soon become much more important. However, the need to minimise risk was outlined as an essential factor.
One of the more effective ways to minimise risk is through the development of power security, but remaining competitive is key. Focusing on power efficiency can reduce the risks of power loss while simultaneously bringing down operating expenses.
Optimal Group and Hardchrome Engineering
Optimal Group worked with Melbourne-based Hardchrome Engineering to increase power efficiency by utilising Capstone Microturbines. Given that Hardchrome Engineering focuses on surface technology and heat treatment, these generators can easily meet the tough set of requirements put forth.
Hardchrome Engineering can now claim the usage of a jet engine technology that delivers clean and responsive power.
The company opted to install a significant 465kW of microturbines, which means the business can now more easily manage energy supply and, importantly, reduce costs to keep up with the competition. In such power-focused industries, an efficient generator solution is invaluable.
These microturbines are known as cogeneration solutions (combined heat and power). They take the production of usable heat and power and integrate them into a unified process. This means the solution both generates power and captures waste heat to put back to use as usable energy.
Hardchrome Engineering can now claim the usage of a jet engine technology that delivers clean and responsive power whenever it's needed.
Deloitte explained that the manufacturing industry of today, which is now pushed forward by advanced technologies and innovation, is essential to the economic prosperity of any given country. This means considering solutions not just for enhancing productivity, but focusing on security as well.
To learn more about power efficiency and for sectors from manufacturing to agriculture, reach out to Optimal Group today.