Perth global shipbuilder Austal (ASX: ASB) had a breakthrough year in 2019 reporting record-smashing revenues, profit and cash flow. The manufacturer of multi-hulled aluminium passenger ferries and naval warships reported EBIT up 46 per cent to $92.8 million, on revenues up 33 per cent to $1.9 billion. This translated into operational cash flows that were…
By Richard Holden, Professor of Economics, UNSW You know the economy is in trouble when a clever and successful Liberal Party treasurer resorts to doing an Elizabeth Warren impersonation in front of the Business Council of Australia in hopes of boosting investment. That’s what Josh Frydenberg did on Monday, saying: Share buybacks and capital returns are…
Adelaide technology and services provider FrazerLab has signed a 10- year agreement with the Defence Science and Technology group (DST) to commercialise its new radar technologies. The small start-up, headed by former DST scientist Dr Gordon Frazer, will commercialise the next generation of high frequency radars. HF radar is a key element of Australia’s Jindalee…
The Australian Competition and Consumer Commission alleges that Bluescope Steel engaged in cartel behaviour in the supply of flat steel products, and has launched civil proceedings against the company and a former sales and marketing executive
We are entering a new era of business related technologies that will change how very many of us work, how business models operate, and which of these business approaches wins and loses.
The world’s largest food manufacturer Nestle is investing in supply chain transparency through a collaboration with OpenSC, a blockchain platform that allows consumers to track their food back to its source. The company, also Australia’s largest food manufacturer with six factories, is the first major food and beverage company to pilot open blockchain technology. Founded…
The Fonzarelli NKD electric motorbike and its charging stations will be manufactured in Adelaide, South Australia.
Federal health minister Greg Hunt was among attendees at the official opening of THC Global’s Southport factory, which is expected to begin significant production next year and make the company Australia’s first commercial supplier of medicinal cannabis.
Defence equipment supplier GaardTech has launched a range of full size robotic military targets for use in real-world combat training. The company announced on Linkedin that its full size 3D robotic tank target is now available for viewing at its Brisbane factory. The tank target is capable of travelling over all terrain at 30 kilometres…
Biotechnology start-up Next Science (ASX: NXS) has emerged as one of the top five performing stocks on the ASX with investors recognising a promising new platform technoogy. The company, which raised $35 million to develop its technology to kill bacteria, rose 35 per cent on listing in April, as reported in @AuManufacturing news. Now its…
