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…
Goat milk and infant formula manufacturer Bubs Australia is to buy a factory in China to launch a Chinese focused ‘Created by Bubs’ range of goat milk products. The company said it would buy a factory owned by its Chinese distributor, Beingmate in Beihai China and seek a State Administration for Market Regulation (SAMR) brand…
Bosch Australia Manufacturing Solutions has earned a contract to automate handling, inspection and storage of blood plasma products at CSL Behring’s Broadmeadows site.
As @AuManufacturing’s Australia’s niche champions series continues today with a profile of Seeley International, shipbuilder Austal is showing the power of competing in a global marketplace. The Perth company today reported record revenues and profits as its leadership in global aluminium ship construction and geographic and product diversification pay dividends. In the 2020 financial year…
The government decision to limit the latest grants round for research collaboration to only one sector has “shafted” hundreds of companies that have been preparing applications for months, with some “blindsided” firms potentially now looking offshore, according to the chief executive of the CRC Association.
By Peter Roberts The New South Wales government’s obsession with buying overseas has reached new lows with news that it is importing ferries that won’t fit under its Parramatta River bridges with passengers sitting on the top deck. The fiasco mirrors its buy from overseas of intercity trains that wouldn’t fit through the tunnels in…
@AuManufacturing’s Australia’s niche champions series has highlighted the well established and the emerging niche leaders in Australian industry. Today Peter Roberts talks with Frank Seeley, perhaps Australia’s coolest salesman. The time was 1972 – the year the axe first fell on protectionism with Labor’s Gough Whitlam’s unilateral 25 per cent cut in tariffs scything through…
Analysis by Peter Roberts The stock market has not always been a friend to Australia’s manufacturers, especially to young companies which have yet to display a strong track record of growth and profits. In the past investors have run from such companies at the first sign of a hiccup, with the result either business failure…
