Perth based global shipbuilder, Austal (ASX: ASB) is building up a lucrative business of long term sustainment for the ships its builds. The company’s latest contract, worth US$16.3 (Aud$23 million) is for post delivery sustainment of the Littoral Combat Ship (LCS) 20, the future USS Cincinnati. This is on top of a recently announced US$21.1…
Analysis by Peter Roberts Australia has always relied on foreign direct investment to drive its growing economy, as do other nations according to today’s graphic from Visual Capitalist. Whether it is Chevron’s investment in Australia’s north-west shelf, or Incitec Pivot’s $1 billion ammonia plant in New Orleans, companies often find the best payback in foreign…
South Australia is the home of fine Australian wine with one company capitalising on the location of its bottling plant at Osborne near Adelaide’s container port. Harbour Bottling, owned by AWTE Enterprise, began exporting only last year to India, the UK and Canada adding to its usual China market. Company director Wayne Chao said: “So…
