Underwater systems composite manufacturer Matrix Composites & Engineering has continued its turnaround posting an underlying EBITDA for the first half of $1.2 million, a $3.4 million improvement on the lost recorded in the previous corresponding period. The manufacturer of underwater buoyancy systems for the offshore oil and gas sector saw revenue increase from $11.3 million…
Queanbeyan’s Lintek has upgraded its facility, and is attempting to increase its participation in the global F-35 program. Lintek employs roughly 50 at the site, and makes microwave and high-frequency printed circuit board using a patented “high vacuum deposition” process, enabling very accurate copper features to be created. It is a supplier to government departments,…
Food group Longtable has significantly reduced costs and improved profitability since Maggie Beer sold her eponymous food brand and joined the company as part-owner and director. Two of the company’s three brands, Saint David Dairy and Maggie Beer Products are cash flow positive and profitable with double digit EBITDA margins according to the company’s first…
The local content figure for the $80 billion Attack class submarines to be built in Adelaide appears to be settling at 60 per cent.
The Victorian government has announced extra funding to encourage recycling and waste minimisation in the state’s businesses.
Graphene materials company First Graphene and boot maker Steel Blue have developed a graphene enhanced safety boot. The companies showcased the new boots, which incorporate the carbon-based nanomaterial in thermoplastic polyurethane (TPU) boot soles and foam innersoles at a presentation at the company’s commercial graphene facility at Henderson in WA. The companies have developed a…
Vitamin manufacturer Blackmores is to refocus its business and streamline product development after net profit after tax plunged by 47 per cent to $18 million in the December half year. The Sydney company announced first half revenue down five per cent on the previous corresponding period to $303 million, with Australian sales down 20 per…
Estimates widely vary of the number of jobs created by Australia’s role in making components and systems for the F-35 Lightning aircraft. While 50 companies share in $1.7 billion worth of contracts, new doubts have emerged about estimates from Defence that this was “tracking to 5,000 jobs”. The claim, made in November Senate estimates hearings,…
The NSW government has announced a review of the state’s $2.3 billion TAFE system, headed by businessman David Gonski and Western Sydney University Chancellor Peter Shergold, which will report back by July.
Mining products and services group PPK has continued its turnaround cutting its losses from $1 million the previous corresponding period to only $50,000 in the first half of the financial year. The maker of Rambor and PPK Mining Equipment boosted revenues 11 per cent to $22.05 million in the half, withd a $3 million EBITDA…
