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Daily Archives: May 3, 2019

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Omni Tanker gains $4 million Clean Energy Innovation Fund investment to support export growth

Features, Manufacturing NewsBy EditorMay 3, 2019Leave a comment

Carbon fibre composite innovator Omni Tanker has gained a $4 million equity investment from the Clean Energy Innovation Fund as part of a $7.9 million capital raising to support its expansion and export growth.

Morrison to announce finance for manufacturers’ recycling projects

Manufacturing NewsBy EditorMay 3, 2019Leave a comment

The Coalition will announce $100 million in concessional loans to support recycling by manufacturers, as well as extra funding for Cooperative Research Centres for research projects on recycling. 

Tony Abbott’s bizarre views on the car industry

Manufacturing NewsBy Peter RobertsMay 3, 2019Leave a comment

Comment by Peter Roberts Tony Abbott, the prime minister that oversaw the death blow to Australia’s car industry, went on a bizarre rant over the industry at an electorate debate on Thursday. Abbott made ridiculous claims that a move to electric vehicles (EVs) would mean “no Hiluxs … no Taragos, no SUVS, no utes”. Toyota…

SA Government forces Nystar to pay back funds

Manufacturing NewsBy Peter RobertsMay 3, 2019Leave a comment

The South Australian government has used its leverage to force Belgian metals group Nystrar to pay back its first instalment of a $291 million loan made to help rebuild the Port Pirie silver, lead and zinc smelter. Treasurer Rob Lucas used his power to approve or veto a takeover of Nystar to negotiate the making…

Canada’s BRP buys local boat builder

Manufacturing NewsBy Peter RobertsMay 3, 2019Leave a comment

Canadian conglomerate BRP has purchased 80 pert cent of the shares in leading Australian aluminium leisure craft and trailer builder, Telwater Pty Ltd. BRP Marine, which owns the Evinrude, Alumacraft and Manitou brands, will increase its global reach by buying Australia’s number one builder of aluminum boats from owner, Paul Phelan. Phelan, Telwater’s managing director,…

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