Carbon nanotube concrete additive developer, Eden Innovations (ASX: EDE) is to raise $9.8 million from a placement and a rights issue. The company, which makes the EdenCrete high performance concrete additive, will raise up to $1.5 million from a placement to sophisticated investors, and $8.4 million from a rights issue. The placement will carry an…
La Casa Del Formaggio, a cheese-making business established in 1988 and employing over 120, will move from Glynde to the food manufacturing hub at Edinburgh.
Tidal power developer, Mako Tibal Turbines has shown how viable local development and manufacture can be for engineering products.. The company has spent $16 million at its Sydney factory developing its modular and scalable tidal power generators, recently installed in the Port of Gladstone. Managing director Douglas Hunt said in an interview his strategy had…
Former private equity giant, Tony Schultz has joined Adelaide agtech start-up Availer as chairman. Schultz was former managing director of global investment firm Kholberg Kravis Roberts (KKR), a firm with close to $200 billion under management. Schultz first began working with Availer a year ago through connections at the University of Adelaide’s Center for Nanoscale…
Plant failures at fertilizer manufacturer Incitec Pivot (ASX: IPL) plants in Australia and the United States are now hitting the company’s bottom line hard. The company announced that outages at its Louisiana and Phosphate Hill plants are expected to cut earnings before interest and tax (EBIT) by $45m for the financial year ending 30 September.…
Drone-based inspection and mapping start up Emesent has announced the commercial availability of their revolutionary Hovermap drone payload. The announcement, made at the International LiDAR Mapping Forum (ILMF) in Denver, Colorado, brings advanced autonomy capabilities to the simplest of drones. Hovermap includes a 360 degree capable LiDAR-based collision avoidance system, allowing drones to be flown…
Machine outages, an industrial dispute and fallout from the US Government shutdown loom over Sydney composites manufacturer, Quickstep Holdings (ASX: QHL), but have failed to hold back the company’s progress. The company’s sales for the second quarter of 2019 reported today were up 3.8 per cent on the previous corresponding period to $15.8 million. The…
The concept of the circular economy has gained traction lately, as more people and the businesses that sell to them acknowledge growing populations and limited natural resources. Multinational brands are setting ambitious targets on reusable and recyclable material use. And ambitious countries such as the Netherlands are getting involved. The Dutch have committed to halve raw resource use by 2030 and to “achieve circularity”, or a completely circular economy, by 2050.
International industry association the World Steel Association (worldsteel) has released its figures for global crude steel output in 2018.
By Helen Hull Australian efforts have ignited negotiations with 75 other members of the World Trade Organization (WTO), representing over 90 per cent of global trade, on the development of new international rules in digital trade. Minister for Trade, Tourism and Investment Simon Birmingham said establishing new international rules for digital trade would help keep…
