To subscribe, advertise or contribute articles to www.australianmanufacturingnews.com contact publisher@xtra.co.nz
  • Home
  • Latest News
    • Developments
    • Manufacturing Technology
    • Products
    • Future of Manufacturing
    • Trade Shows/Events
    • Energy
    • Business
    • Daily News
    • Company News
  • Smart Manufacturing
Australian Manufacturing News
The official site for the Australian Manufacturing News magazine
  • Home
  • AI
  • Architecture
  • Aviation
  • Big Data
  • Books
  • Business
  • Company News
  • Covid-19
  • Daily News
  • Developments
  • Energy
  • Environment
  • Future of Manufacturing
  • Smart Manufacturing
  • Manufacturing Technology
  • Mining
  • Products
  • Resources
  • Smart Manufacturing
  • Space
  • Sustainability
  • Trade Shows/Events
  • The Creative Class
  • Uncategorized
  • Webinars

News Ticker

Australian made concussion diagnosis device exported to US
Climate Impact Corporation announces 10GW renewable hydrogen projects in South Australia and Northern Territory
Over 30 trades represented at 47th WorldSkills International
Securing OT  key to unlocking Australia’s manufacturing vision in an ever-growing threat landscape
Australian astronaut Katherine Bennell-Pegg to headline international space symposium in Brisbane
The Budget 2024: Comment and Feedback on Energy Policies
Hunter class frigate program passes Preliminary Design Review milestone
Decarbonising our cities

Precision’s journey from car part maker gathers steam

-Peter Roberts

I was lucky enough to visit Precision Components in Adelaide several years ago just as they were wrestling with the looming closure of auto assembly.

Precision had a collection of metal stamping presses, often pretty old units bought from Holden and given basic automation functions, producing metal parts and complex sub-assemblies.

Like all components suppliers the discipline was ‘cost-down’ delivering 5% cost reductions per year over the generally seven year life of its contracts with the assemblers. As such it was extremely lean, and totally tuned to its final customer.precision components adelaide

The company had invested in new laser cutting and hot metal pressing equipment, but it still needed to find products of its own or new customers that would give it a future.

Ideas such as pre-fabricated metal buildings and furniture were considered, in fact every permutation of metal product standard and emerging was looked at.

Precision seems to have found more than a niche in centralised solar voltaic power – where heliostats reflect and concentrate sunlight onto a receiver on tower, generating steam. There are numerous manufactured products involved.

Now it is able to participate in solar R&D, establishing a research field with UniSA.

Precision Components’ Director Mat Fitch described the project as ‘an important milestone’ for the company, which has been gradually moving away from its core car parts business to limit the impact of the car industry downturn.

“This is another significant step in the diversification strategy we implemented to safeguard the future of the business and to create employment opportunities for South Australians,” Mr Fitch said.

I wondered at the time whether Precision would make it, but am delighted to see their resilience, determination and willingness to innovate pay off in such a way. Congratulations Precision!

Share this:

Related Posts

Isaac Gross

Company News /

Would a corporate tax cut boost productivity in Australia?

Technology is transforming

Daily News /

Technology is transforming Road Safety, but we still have a long way to go

Paul-Eastwood-Argon & Co

Developments /

Do or die: Why “transformation at scale” is now a must for Australian manufacturers 

‹ ANCA taking nominations for apprenticeship program ›  Luxury watchmaker secures ceramic manufacturing deal

1st July 2025

Recent Posts

  • Would a corporate tax cut boost productivity in Australia?
  • Do or die: Why “transformation at scale” is now a must for Australian manufacturers 
  • ON Accelerate 9 showcases national innovation potential in deep tech
  • Got Solar? Share the power: National energy trial needs volunteers
  • Kemppi Australia launches 2025 Art of Welding Competition
  • Riviera awarded Apprenticeships Leadership Medal
  • AREMA calls for urgent reform on incentives for hot water heat pumps
  • Australia and Japan’s top engineers show the way for a renewable hydrogen sector

Categories

  • AI
  • Architecture
  • Aviation
  • Big Data
  • Books
  • Business
  • Company News
  • Covid-19
  • Daily News
  • Developments
  • Energy
  • Environment
  • Future of Manufacturing
  • Manufacturing Technology
  • Mining
  • Products
  • Resources
  • Smart Manufacturing
  • Smart Manufacturing
  • Space
  • Sustainability
  • The Creative Class
  • Trade Shows/Events
  • Uncategorized
  • Webinars

Back to Top

  • Home
  • AI
  • Architecture
  • Aviation
  • Big Data
  • Books
  • Business
  • Company News
  • Covid-19
  • Daily News
  • Developments
  • Energy
  • Environment
  • Future of Manufacturing
  • Smart Manufacturing
  • Manufacturing Technology
  • Mining
  • Products
  • Resources
  • Smart Manufacturing
  • Space
  • Sustainability
  • Trade Shows/Events
  • The Creative Class
  • Uncategorized
  • Webinars

To subscribe, advertise or contribute articles to australianmanufacturingnews.com contact publisher@xtra.co.nz

(c) Australian Manufacturing News, 2025