Specialty steel manufacturer Bisalloy Steels has deepened its relationship with Shoalhaven based SME and family owned SMETEC Services to processed armoured steels for military uses. The two companies have been collaborating for two years, but have now signed a Memorandum of Understanding. Bisalloy will supply its high strength and high hardness quenched and tempered armour…
Today in @AuManufacturing’s Australia’s niche champions series , we look at Liferaft Systems Australia, which specialises in life-saving inflatable structures found on ships all over the world. By Brent Balinski. For close to three decades, Mike Grainger’s company has maintained its focus on doing one thing well. From day one, and its establishment to supply…
Singe piece carbon fibre composite wheel manufacturer Carbon Revolution made significant progress during its first year as a listed business including growing sales and sale prices, but still reported a big loss. The Geelong company grew sales 158 per cent during the 2020 financial year to $38.9 million, with 38 per cent of sales coming…
Specialist brake manufacturer Advanced Braking Technology has reported strong growth for the 2020 financial year as the company continues a turnaround. The Perth company reported profit after tax up 110 per cent to $171,000. Revenue was up 22 per cent in the year to $9.08 million. Advanced Braking manufactures its Terra Dura and Failsafe brands…
IDT Australia has responded to federal government appeals and is capable and prepared to manufacture Covid-19 vaccines and treatments at its Melbourne factory as they become available. The company already has quality and good manufacturing practice (cGMP) approved drug manufacturing facilities that could be repurposed or expanded quickly to make vaccines and treatments. CEO David…
Building products group Boral has finally bitten the bullet and will write down the value of its underperforming US operations. The company will book a non-cash impairment of $1.3 billion in its financial results for the year to June 30 which will be released on 28 August. $1.2 billion of this impairment relates to written…
