Australian mattress manufacturer A.H. Beard has entered voluntary administration, according to a statement from the company, drawing concern across Australia’s manufacturing sector as industry stakeholders point to broader manufacturing cost pressures and import competition affecting local production.
In a media release, Australian Made Campaign Limited said the development is a significant setback for Australian manufacturing, describing the situation as a reflection of mounting pressures on domestic manufacturing businesses.
“This news is incredibly sad and concerning for Australia’s manufacturing sector,” Australian Made Chief Executive Ben Lazzaro said.
“As a…