Specialised milk producer a2 Milk has seen its turnover and profits plunge as the Covid-19 pandemic interrupted its supply chains into the China market. The company announced today earnings before interest, tax, depreciation and amortisation (EBITDA) down 32.2 per cent for the half year to December 31 to $166.7 million (NZ$178.5 million). Revenues were down…
CSIRO is to develop new medicinal cannabis products to help people with a variety of conditions including multiple sclerosis and chronic pain. Under a new licence, CSIRO will partner with local manufacturers to drive the development of new cannabis therapeutics, a market projected to be worth US$44 billion by 2024. CSIRO Scientist, Adjunct Professor Peter…
Melbourne battery control technology company Relectrify today announced the release of its commercial & industrial (C&I) energy storage systems based on its BMS+Inverter technology. The modular 120kWh systems are made from second-life electric vehicle (EV) batteries – cells that have been retired after use in electric vehicles. Relectrify’s life-extending BMS+Inverter technology results in up to…
Cochlear clear to sell new sound processor products Hearing technology company Cochlear has received US Food and Drug Administration and CE Mark approval for its new Cochlear Baha 6 Max Sound Processor. With increased power without increasing in size, the bone conduction processor improves hearing outcomes for people with single-sided deafness, conductive or mixed hearing…
The assertion by The Australian newspaper for it to be ‘too late to save manufacturing’ is grounded in a lack of understanding. First, in what is manufacturing. Second, in how it is measured, and third in how it has evolved.
French submarine builder Naval Group has announced a step up in research and innovation with the establishment of a CNRS International Research Lab (IRL) Crossing lab in Australia. The company, which is building Attack class submarines in Adelaide, is the industry partner in the Crossing laboratory along with the Centre National de la Recherche Scientifique…
Calix moves from loss to profit Industrial chemicals and process technology company Calix today reported strong sales and profit growth in water treatment business which underpins commercialisation in processing, biotechnology, battery materials and CO2 mitigation. The company moved from a loss to a profit of $3.06 million in the half year to December 31 on…
Geelong carbon fibre road wheel manufacturer Carbon Revolution has given new details of its plans to raise output through the construction of new mega-line production equipment. The company announced revenue down 14.1 per cent in the first half but said it expected growth in existing wheel programs and the award of new wheel contracts for…
Vitamin manufacturer Blackmores is achieving positive results from a three-year turnaround enabling it to increase sales and market penetration in fast-growing Asian markets and build a new business in pet supplements. The Sydney company today reported underlying earnings before interest and tax up 15 per cent to $30.8 million in the half year to December…
Both Australia’s primary steel makers are moving closer towards making steel using green hydrogen following a move by Liberty Steel which operates the Whyalla steek works in South Australia. On Monday @AuManufacturing reported BlueScope Steel was considering the future of the Port Kembla works in New South Wales after its number five blast furnace reached…
