Logistics & Materials Handling https://logisticsmagazine.com.au Thu, 21 Sep 2017 23:05:07 +0000 en-AU hourly 1 https://wordpress.org/?v=4.5.1 Investment group to acquire Coates Hire https://logisticsmagazine.com.au/seven-group-acquires-full-ownership-of-coates-hire/ https://logisticsmagazine.com.au/seven-group-acquires-full-ownership-of-coates-hire/#respond Thu, 21 Sep 2017 23:03:43 +0000 https://logisticsmagazine.com.au/?p=32401 Continue reading Investment group to acquire Coates Hire ]]> Investment group Seven Group Holdings (SGH) has announced that it has entered into a binding agreement to pay $517 million to acquire the remaining 53.3 per cent of securities in equipment hire company Coates Hire that it does not already own, from an affiliate of Carlyle Asia Partners II, a fund managed by The Carlyle Group, and minority owners.

SGH said in a media statement that the Coates Hire acquisition reflects it continued focus on becoming “the leading operator of industrial services businesses in Australia” and driving efficient capital allocation across its portfolio.

“The Coates Hire business is led by a strong and experienced management team, with a number of business improvement initiatives in place and already delivering results,” the statement continued.

“Full ownership of Coates Hire will enhance SGH’s portfolio with increased exposure to industrial services.”
Ryan Stokes, Managing Director and CEO, SGH, said: “We are pleased to reach agreement with Carlyle to acquire the shares in Coates Hire we don’t already own.

“We have had a long history with the Coates Hire business and believe with the visible market opportunity associated with East Coast infrastructure activity, along with the current performance of the business and management team, the company is extremely well positioned to create value for all shareholders.

“The move to full ownership of Coates Hire will enhance SGH’s position as a leading operator of industrial services businesses, with a strong macroeconomic environment and a positive outlook providing the potential for significant opportunities to be realised.”

The transaction is subject to satisfactory waivers being obtained from Coates Hire’s existing lending syndicate.

 

 

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Global industrial automation market to reach $80.6 billion https://logisticsmagazine.com.au/global-industrial-automation-market-to-reach-80-6-billion/ https://logisticsmagazine.com.au/global-industrial-automation-market-to-reach-80-6-billion/#respond Thu, 21 Sep 2017 03:22:40 +0000 https://logisticsmagazine.com.au/?p=32397 Continue reading Global industrial automation market to reach $80.6 billion ]]> Analysts from Research and Markets have announced in their latest report on industrial automation that the global industrial automation services market was worth US$35.2 billion ($44.5 billion) in 2016 and is estimated to reach US$64.5 billion ($80.6 billion) by 2022, growing at a compound annual growth rate (CAGR) of 10.6 per cent for the forecasted period.

Industrial automation involves automation of manufacturing, quality control and material handling processes, with control systems, information technologies and robots used to handle different processes in an industry. Various types of industrial automation include fixed or hard automation, programmable automation and flexible or soft automation. Project engineering and installation holds major share in this market. Advantages of industrial automation include increased productivity, improved product quality, reduced routine checks and improved operational efficiency.

According to the report, the US is currently at the head of the industrial automation market, followed by Europe. Asia Pacific (which includes Australia) is expected to be the fastest growing region in this industry. The reports says during 2015–16, US companies exported nearly US$10.5 billion worth of products to foreign markets.

Some of the key growth factors of this industry are the need for operational efficiency, rapidly growing SMEs, a growing inclination towards Internet of Things (IoT) and cloud-based automation, the growing demand for smart factories, mass customisation, supply chain synchronisation, integration of systems and increasing R&D and innovation in artificial intelligence and advancement in the M2M communication technology. High installation and maintenance costs and lack of trained professions are some of the constraints in this industry.

Major companies in this industry include Honeywell International, General Electric Company, Mitsubishi Electric , Rockwell Automation, Johnson Controls, ABB, Samsung Electronics, Siemens AG and Schneider Electric. The report also pointed out that most of the regional and local vendors are vertically integrated. International players can grow by acquiring regional or local players.

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ASBFEO advises Amazon on local SME protection obligations https://logisticsmagazine.com.au/asbfeo-advises-amazon-on-local-sme-protection-obligations/ https://logisticsmagazine.com.au/asbfeo-advises-amazon-on-local-sme-protection-obligations/#respond Wed, 20 Sep 2017 05:06:10 +0000 https://logisticsmagazine.com.au/?p=32390 Continue reading ASBFEO advises Amazon on local SME protection obligations ]]> The Australian Small Business and Family Enterprise Ombudsman has written to e-commerce company Amazon to ensure the company complies with Australia’s unfair contract terms legislation upon its arrival.

Ombudsman Kate Carnell said the pending arrival of Amazon Marketplace in Australia represented an opportunity for many small businesses to compete online and extend their reach, though she took the opportunity to remind the company of its obligation to treat small businesses fairly in accordance with Australian law.

“Some businesses are concerned about the threat of competition while others are excited to embrace the opportunity that Amazon offers,” said Carnell.

“For consumers the Amazon Marketplace promises to expand choice and put downward pressure on prices. I’m interested to see how Australian small businesses can accelerate sales and broaden their customer base though the Amazon platform.”

Carnell said analysis of the Amazon Marketplace contract terms in the US suggested they would have to be changed in Australia to comply with federal legislation.

“From 12 November 2016, changes to the Australian Consumer Law protect small business from unfair terms in standard-form contracts,” she said.

“A standard-form contract is one that has been prepared by one party and where the other party has little or no opportunity to negotiate the terms. An unfair term is one that causes a significant imbalance in the parties’ rights and obligations and causes detriment to a small business if it were applied or relied upon.”

Carnell said in Amazon’s US terms and conditions, the company reserves the right to refuse service, terminate accounts, terminate rights to use Amazon services, remove or edit content, or cancel orders at its sole discretion.

“This may be considered unfair as action can be taken by one party, Amazon, but not the other party, the vendor, to terminate the contract,” she said.

“I’ve requested that Amazon review the terms and conditions in use for standard-form contracts in its Australian operations to ensure they comply with the unfair contracts terms legislation.”

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Delivery startup Passel partners with VIC retailer https://logisticsmagazine.com.au/delivery-startup-passel-partners-with-vic-retailer/ https://logisticsmagazine.com.au/delivery-startup-passel-partners-with-vic-retailer/#respond Wed, 20 Sep 2017 04:47:42 +0000 https://logisticsmagazine.com.au/?p=32386 Continue reading Delivery startup Passel partners with VIC retailer ]]> Pookipoiga, a gift shop in Melbourne focusing on sustainable and ethical goods from local artists and social brands, has partnered with Melbourne crowd-sourced delivery startup, Passel.

By employing the services of people willing to complete a delivery on their way home in exchange for a $10 gift voucher, Passel provides affordable and convenient three-hour deliveries, avoiding the need for professional or part-time couriers.

Until now, Pookipoiga had relied on the post or, in some cases, hopping on a bike or public transport to make deliveries, Passel reported in a media statement. From Monday 25 September, Pookipoiga’s clients in Melbourne will be able to access Passel’s three-hour deliveries, year round.

“Passel is efficient and able to convey messages personally with locals,” said Sree Nellerichal, Founder, Pookipoiga. “They have the ability to make the delivery experience memorable. A lot of our customers are buying last-minute gifts. Previously, we know they have chosen not to buy because we can’t deliver until the next day, or even after the weekend. Who doesn’t want to provide exceptional value and a variety of options to customers?”

Marshall Hughes, Co-founder and CEO, Passel, added, “Pookipoiga is a perfect client to work with. They are acutely aware of the likes of international giants such as Amazon and know that it is not enough just to compete by offering more of the same. Affordable three-hour delivery sets a new benchmark for Australian retailers.”

Pookipoiga is the first of Passel’s partnering retailers to be announced, the company reports that several others will soon and it expects to be operating out of most of Melbourne’s major retail precincts and shopping centres in time for Christmas.

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GAC Australia launches logistics service, opens Perth warehouse https://logisticsmagazine.com.au/gac-australia-launches-logistics-service-opens-perth-warehouse/ https://logisticsmagazine.com.au/gac-australia-launches-logistics-service-opens-perth-warehouse/#respond Tue, 19 Sep 2017 23:40:05 +0000 https://logisticsmagazine.com.au/?p=32383 Continue reading GAC Australia launches logistics service, opens Perth warehouse ]]> GAC Australia has opened a new consolidation warehouse in Perth, marking its first foray into the logistics business, in parallel to its shipping services available at all Australian ports since 2007.

The opening of the new warehouse comes in response to growing demand for storage space and distribution services from a major client with operations in Western Australia. The facility is located in the new Swan Brewery Estate at Canning Vale, about 20km away from Perth International Airport and Fremantle Port, with easy access to transportation links through the major road network.

The 800m² facility features a 5m x 5m warehouse door and an 8.5m truss height, allowing trailing equipment to reverse into the facility for loading and unloading. Arriving goods are consolidated and packed into pallets before being distributed to domestic and international locations.

“Australia has significant quantities of discovered gas resources,” said Scott Henderson, GAC Australia’s Managing Director. “In Western Australia alone, resource projects and infrastructure in the pipeline amount to billions of dollars. It is home to many local and international companies servicing the oil and gas, as well as mining equipment, technology and services (METS) sectors, presenting plenty of opportunities for project logistics and warehousing services providers.

“Having established a strong foothold in the country’s shipping sector, we are now ready to expand our portfolio to provide logistics services, and Western Australia is an ideal launch pad for our logistics operations. The ability to provide integrated shipping and logistics services will allow us to serve our customers better.”

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