Found this in DW8 forum
NZS gets a mention below
ASX manufacturing stocks set to benefit from multi-billion-dollar cash splash
News
5 hours ago | Nick Sundich
After months of anticipation, ASX manufacturing stocks and their investors are seeing concrete steps being taken to boost the domestic industry.
In the early 1960s, manufacturing was 30 per cent of Australia’s GDP, but it now accounts for just 5.7 per cent.
This steep decline is due to Australia’s increased dependence on overseas supply chains, which have been put under extreme pressure during the COVID-19 pandemic.
The disruption of international trade and COVID-19 restrictions offshore was a big cost, but the pandemic has also triggered broader economic and political arguments about Australia bringing manufacturing home.
In the federal budget earlier this week, the Morrison government unveiled a formal manufacturing strategy. It will invest $1.5bn across six priority sectors:
Resources technology and critical minerals processing,
Food and beverage,
Medical products,
Recycling and clean energy, defence and
Space
Ben Lazzaro, chief executive of the Australia Made campaign said it was encouraging to see the renewed government support for Australian manufacturers.
“It’s anticipated that such a significant investment will yield benefits beyond just the six priority sectors, as there is great potential for the initiative to create positive impacts throughout entire manufacturing supply chains,” he said.
Food & beverage stocks
Food and beverage stocks aren’t traditionally considered ASX manufacturing stocks.
But it is a sector already successful both at home and abroad and showing Australia can be more than just a “services” economy.
Stocks such as Tassal (ASX:TGR), A2 Milk (ASX:A2M) and now acquired Bellamys (ASX:BAL) all became multi-baggers off the back of export success.
Nipping at their heels are dozens of food & beverage small caps seeking to become the next big export giant.
Many of these stocks, particularly in the infant formula sector, continued to see solid demand and were often allowed to keep operating during restrictions as essential businesses.
While many companies have relied heavily on China, the trade relationship has deteriorated in recent months.
Some are consequently hedging their bets and seeking other markets in Asia and elsewhere.
The most successful stock in the sector is wine selling platform Digital Wine Ventures (ASXW8) which is up over 800 per cent in three months due to heavy global demand.
The biggest food winners include Maggie Beer Holdings (ASX:MBH), which is up 197 per cent, and New Zealand Coastal Seafoods (ASX:NZS), which is up 246 per cent
(20min delay)