Space, communications and defence manufacturer Electro Optic Systems has become the latest in the sector affected by Covid-19 to go to the market seeking new capital from investors. The company will seek to raise $144 million from a fully underwritten placement to institutional investors and a share purchase plan, with the company noting some disruption…
Lynas Corporation’s troubled rare earths refinery in Malaysia is to remain closed until April 28 following the extension of Covid-19 measures by the Malaysian government. The company has been plagued by controversy over its plant even before the virus hit, and is moving some refining operations back to its mine and processing site in Western…
The Australian Renewable Energy Agency is accepting expressions of interest in its $70 million Renewable Hydrogen Deployment Funding Round. The round will support “two or more large scale renewable hydrogen projects, with electrolysers of a minimum of 5 MW capacity, with a preference for 10 MW or larger.” The electrolysers must be powered by renewable electricity. “With…
Australian technology company SPEE3D has released news of lab tests showing the effectiveness of their copper 3D printed coating against Covid-19.
Grant Anderson joins @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing in Australia with this powerful call to action. Send your submission to [email protected]. Never waste a good crisis ! Why is it that we need a crisis to bring about change to policy around manufacturing? Why is it that most countries…
Bega Cheese has won a further round of a drawn-out battle with food group Mondalez International and Kraft. The full court of the Federal Court of Australia upheld an earlier trial judgement against Kraft over the use of its distinct packaging of Smooth and Crunchy peanut butters including its yellow lid. In May the Justice…
Hall Chadwick have been appointed administrators of Perth satellite IoT communications company Sky and Space Global and are conducting a preliminary review and assessment of the business. The administrators were called in after a period of voluntary suspension, during which directors sought to raise new capital from shareholders. The administrators told investors they were determining…
The Business Council of Cooperatives and Mutuals head has said the current Covid-19 pandemic has demonstrated the value of co-operatives and the opportunity for Australia to reshore manufacturing lost overseas in recent decades.
The economic heart attack induced by COVID-19 has revealed an ugly truth – many very large companies have too little cash to ride out sharp downturns.
Professor Roy Green kicks off @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing in Australia with this industry policy scene setter. Send your submission to [email protected]. Every crisis provides an opportunity and Covid-19 is no exception. Not only has it exposed the gaps in Australia’s manufacturing supply chains, but it has also…
