Lynas to build rare earths processing plant at Kalgoorlie, hire 200
Lynas announced on Monday that it will build a rare earths processing plant at Kalgoorlie, expected to be complete by late-2022 or early the following year.
Carbon Revolution surges on debut
Carbon fibre road wheel manufacturer Carbon Revolution (ASX:CBR) made a spectacular debut on the stock exchange after raising $90.1 million and listing on the ASX. The Geelong company’s $2.60 shares soared immediately reaching as high as $3.81, before closing at $3.55 with a market capitalisation of $450 million. The stunning debut caps off the company’s…
Manufacturing news briefs – stories you might have missed
CUB buys Balter Beer Carlton & United Breweries (CUB) has bought Gold Coast craft brewer, Balter Brewing Company for a confidential sum. Founded in 2016 by a group of friends including international surfer Mick Fanning, the brand joins other craft brews 4Pines and Pirate Life in the CUB stable. CUB is owned by Anheuser-Busch InBev.…
Can you take Australian waste, turn it into a product, and sell it to the world’s richest nation?
A little over a week ago, a Queensland-based company announced a deal with an unnamed North American giant for countless units of a product you’ve probably seen at your local Bunnings.
Maths report card brings Aussie white trash closer to reality
Comment by Peter Roberts It wasn’t so long ago that then senior Singaporean politician Lee Kuan Yew offended Australians when he called us the white trash of Asia. Working in Singapore at the time I had a first hand view, and a rather low opinion, of the products of Singapore’s rote-learning early school education. I…
Ecocentric raises funds and prepares for ioT takeoff
Energy systems monitoring company Ecocentric is preparing to manufacture its Numen device that connects a building’s sensors and electrical equipment with the cloud after a novel fundraising effort. The Perth company has just completed an equity crowdfunding campaign which has netted $400,000 from 150 small investors, according to reports. This matches $3.2 million raised through…
Derby Rubber opens in Adelaide
Specialty rubber manufacturer Derby Rubber has relocated its head office to Wingfield in Port Adelaide where it was welcomed in a ceremony with local dignitaries. Managing Director Stephen Sheppard and General Manager Michael Clayton hosted Premier Steven Marshall, trade minister David Ridgway and the Mayor City of Port Adelaide Enfield, Claire Boan. The state has…
Bubs raises $35 million, share trading halted
Fast-growing infant formula exporter Bubs Australia (ASX: BUB) surprised the market with an announcement that it was raising $35 million from existing investors at a big discount to the current share price. The company, which has been moving at high velocity this year expanding into the Chinese infant formula market and expanding its sales of…