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Recent News

SMB’s Are The Winners.

Federal Treasurer Scott Morrison’s budget is good news for small to medium sized businesses – which are the biggest percentage of employers in the nation. In a nutshell, the tax rate will reduce to 27.5% for businesses with a turnover up to $10 million in 2016/17. Further tax concessions will apply in future financial years. This

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OneWeb To Launch 900 Satellites.

OneWeb is to launch 900 communications satellites into space to create a global network of high speed internet service. It has raised $500M from investors and will set up its facility next door to NASA’s Kennedy Space Center in Florida. Source: Manufacturers Monthly

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Electrolux Makes Its Last Fridge.

Australia’s last refrigerator manufacturer Electrolux has made its last fridge today – the last of 12 million. It has been operating for over 70 years at Orange and 300 people will be looking for a new job. Production will now be done overseas. The factory began as a WW2 munitions plant in 1942 then from

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Australia Down To 1 Furnace.

The closure of one of two primary steel blast furnaces looks more likely with Arrium going into administration. Arrium diversified into iron ore mining but iron ore prices have fallen. Its rival BlueScope stayed focused on steel and seems to have weathered the foreign dumping storm. The Arrium Whyalla furnace with its 900 employees makes

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Arrium Goes Into Administration.

  Steel and iron ore giant Arrium, which split from BHP Billiton, has appointed administrators and it owes $2.8B to the bankers, $1B to trade creditors and $500M in workers’ entitlements. Arrium employs 7,000 people. Federal Industry Minister Christopher Pyne has blamed management for the company’s situation. Source: Manufacturers Monthly  

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Manufacturing Reaches 12 Year High.

The Performance Manufacturing Index has shot up over 4 points to 58.1…the highest since 2004. This marks 9 consecutive months of growth fuelled by a lower Aussie dollar. Of the 8 manufacturing sectors measured by the Australian Industry Group 5 are improving. The most dramatic shift was machinery and equipment moving into growth for the

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What Our Members Say

Being a member of the Cumberland Business Chamber has helped me change the culture of my business. This is about more than finding customers. I have met people who inspired and equipped me to take my business to another level. I doubt that I would have done it on my own but they gave me the motivation, confidence and expertise that I needed. I know that this is about long-term improvement not a quick-fix, so with patience and regular participation in the Chamber I have received an incredible return on my investment – including the opportunity to be interviewed by economist and media personality Ross Greenwood.”

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Pace Pallet Services

( Michael Mourad, Director, Pace Pallet Services )

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