Comment by Peter Roberts The news this morning is that Rip Curl, the iconic Torquay Victoria surf brand is being sold to New Zealand’s Kathmandu for $350 million. And so another great Australian dream of designing and manufacturing great products completes its long, slow decline to full overseas ownership. The Rip Curl story is yet…
Canberra’s Electro Optic Systems ASX:: EOS) has bought satellite communicatons systems maker EM Solutions for a total of $26 million in cash and shares. The company will be added to EOS’s new communications systems business segment, announced in @AuManufacturing news earlier this week. EOS is a leading manufacturer of remotely operated weapons systems and laser…
South Australia’s innovation minister David Pisoni has given a first glimpse into Precision Buses expanded manufacturing facility at Edinburgh in northern Adelaide. The facility, enlarged to cope with a state government bus purchase of 340 buses, has taken on an extra 40 staff, bringing the full complement to 95. “This is the place where South…
By Jim Plouffe American company Tyvak Nano-Satellite Systems will establish a manufacturing facility for the integration and testing of space vehicles in South Australia. Announced today during the 8th Space Forum Adelaide, the Californian company will move into Lot Fourteen, the innovation neighbourhood already home to the Australian Space Agency and a growing list of…
Canberra’s Electro Optic Systems ((ASX: EOS) has established a new business segment EOS Communications Systems joining its existing defence and space systems businesses. The company has invested more than $250 million over nine years, including $50 million from government grants here and in the United States, to prepare for its communications foray. The company, best…
the Australian Renewable Energy Agency (ARENA) has backed a plan by Queensland Nitrates (QNP) to study the feasibility of building a renewable ammonia plant at its existing facility near Moura in Central Queensland. A consortium of QNP, Neoen and Worley plans to produce 20,000 tonnes per year of ammonia from 3,600 tonnes of renewable hydrogen.…
