New materials developer Archer Materials is to raise up to $3 million from investors through a share purchase plan. The company, which is developing a quantum computer chip, will use the funds to increase the pace of its work programmes and hire additional staff. The company last raised capital in 2019 at 13 cents a…
Manufacturers are slowly adjusting to another new normal as global business ramps up as Covid-19 restrictions are gradually eased. Geelong wheel manufacturer Carbon Revolution today reported its global customers were resuming production and were calling for normal wheel supply to resume. The company told investors that Ferrari restarted production early this month and had now…
The future USS Oakland (pictured) the 12th littoral combat ship built for the US Navy by international shipbuilder Austal has completed its acceptance trials. Austal chief executive David Singleton said the completion of the trials during the Covid-19 pandemic demonstrated the company’s capability and reliability under challenging conditions. He said: “Austal USA has clearly answered…
We are on the countdown to the launch of the Australian Manufacturing Forum and @AuManufacturing new deal plan for manufacturing. The plan, crowd sourced from readers and Forum members, will be released on Monday and available for download through @AuManufacturing news. We received close to 50 substantial submissions, numerous emails and phone calls, and hundreds…
RUAG Australia has been awarded a Defence grant to grow its capacity and supply chain resilience to support Defence and sustainment of aircraft. The Sovereign Industrial Capability Priority (SICP) grant will enhance efficiency and competitiveness of the company through modernising and automating capital equipment. It will also go towards aid capabilities in the manufacturing and…
Work on the long-awaited 280-megawatt Cultana Solar Farm in South Australia could begin as early as July. The project on a 1100ha site north of Whyalla on Eyre Peninsula is the first large scale project in billionaire industrialist Sanjeev Gupta’s plan to generate one gigawatt of dispatchable renewable energy in South Australia.
A roundtable chaired by the federal industry minister on Wednesday will hear from fashion industry leaders, following an “unprecedented” drop in sales through the Covid-19 pandemic.
Vitamin manufacturer Blackmores has announced a fully underwritten $92 million placement to institutional investors and a share purchase plan for existing shareholders to raise a further $25 million. The $117 million raising will be used to accelerate growth in Asia, invest in an efficiency programme and strengthen the Sydney company’s balance sheet. The company told…
Australian listed medical imaging company Imagion Biosystems has moved a step closer to trialing its breakthrough cancer detection device, with the first phase of manufacture of a nanoparticle formulation completed despite the Covid-19 pandemic. Manufacture of the company’s MagSense HER2 nanoparticle formulation proceeded uninterrupted by the pandemic under good manufacturing practice (GMP) conditions. The second…
Online submissions are open for the design of a national Hydrogen Certification Scheme. which will monitor production of the gas and the environmental impacts of this.
