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Daily Archives: February 28, 2020

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Government backs Australian Made logo

Manufacturing NewsBy Peter RobertsFebruary 28, 20201 Comment

The federal government is supporting extending the international reach of the Australian Made logo with a $5 million grant. Industry minister Karen Andrews said today the gold kangaroo on a green triangle was an instantly recognised and trusted symbol of quality. She said: “The Australian Made logo is used by more than 2,800 businesses, is…

Bisalloy gains in domestic steel market

Features, Manufacturing NewsBy Peter RobertsFebruary 28, 2020Leave a comment

Structural, armour and wear-resistant steel manufacturer Bisalloy increased market share and margin per tonne sold in the Australian market in the first half of the 2019 financial year. The Unanderra, NSW company today reported EBIT for the half of $4.7 million on revenue up 12.7 per cent over the previous corresponding period to $56.4 million.…

EOS profits leap 194% as defence exports soar

Features, Manufacturing NewsBy Peter RobertsFebruary 28, 20201 Comment

Defence, communications and space technology group Electro Optic Systems is experiencing boom conditions sending sales and profits sky high. During the December half year EBIT soared 194 per cent to $21.7 million on revenue up 91 per cent to $166 million, according to announcements today. The company ended 2019 with a backlog of $620 million,…

Victorian manufacturers would benefit from state emissions targets: report

Features, Manufacturing NewsBy EditorFebruary 28, 2020Leave a comment

Climate change think tank Beyond Zero Emissions has argued for emissions reductions targets in Victoria in a new report, Electrifying the Manufacturing State.

Vital Signs: a 3-point plan to reach net-zero emissions by 2050

Manufacturing NewsBy EditorFebruary 28, 2020Leave a comment

Every January Larry Fink, the head of the world’s largest funds manager, BlackRock, sends a letter to the chief executives of major public companies.

Traffic Technologies hits a roadblock

Features, Manufacturing NewsBy Peter RobertsFebruary 28, 2020Leave a comment

A slowdown in the market and delays in the approval of infrastructure projects has hit traffic light, electronic road signage and road lighting group Traffic Technologies. EBIT for the Melbourne company plunged to $500,000 for the half year to December, down from $2.5 million the year before. This was struck on revenue down from $25…

Clean Energy Council backs ARENA funding

Features, Manufacturing NewsBy Peter RobertsFebruary 28, 2020Leave a comment

The Clean Energy Council has called on the federal government to secure continued funding for the Australian Renewable Energy Agency in the next federal budget. The agency’s funding is expected to be exhausted by the end of 2020, before its scheduled wind-up in 2022. Clean Energy Council Chief Executive Kane Thornton said ARENA had played…

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