Technology commercialisation business and mining equipment manufacturer PPK Group has suffered a drop in profit as the company continues to aggressively expand its portfolio of businesses. The company reported today earnings before interest tax amortisation and depreciation of $924,000 in the first half year, down from a profit of $3.1 million. Total revenues were hit…
Treasury Wine Estates, the maker of Penfolds wines, today reported earnings before interest and taxes (EBITS) down 23 per cent in the first half year to $284 million as it was hit by China’s punishing tariffs against Australian products. The slump, which was widely expected, was driven by the company’s exit from the premium China…
An AusBiotech led consortium is mapping GMP manufacturing capability for regenerative medicine in Australia, a burgeoning sector which attracted $25.7 billion in financing in 2020 alone.
An antimicrobial surface coating developed by an international team including researchers from the University of Queensland is now being tested on the International Space Station U.S. National Laboratory. Teams led by Boeing’s Jason Armstrong and UQ’s Professor Michael Monteiro have collaborated on an antimicrobial coating designed to help fight bacteria and viruses, including the virus…
Glen Dimplex Australia has acquired a majority stake in Dandenong South-based Thermofilm.
Defence manufacturer NIOA is breaking new ground with its new headquarters building being constructed in Brisbane. The company, which is also constructing an ammunition manufacturing facility at Maryborough in partnership with Rheinmetall, is having the multi-storey building built using innovative timber technologies. Builder Watpac finished the building structure in only 26 days, using Glulam structural…
Environex has been awarded a $1.3 million grant under the Queensland government’s Resource Recovery Industry Development Program, which will contribute to a new recycling facility at Toowoomba’s Wellcamp Airport.
3D volumetric display technology developed by South Australian company Voxon Photonics is to be used on submarines and frigates being built by BAE Systems in the United Kingdom and Australia. The company will provide the Hunter Class Frigate Program and the UK Submarines business with its bespoke displays to provide 3D visualisation to test situational…
Former Warren Centre for Advanced Engineering executive director Ashley Brinson has resurfaced as the founder and chief executive of a new GreenTech startup that is building automation systems for fast delivery of mass deployments of solar technologies.
Global latex and protective glove manufacturer Ansell has reported a massive sales boost from the Covid-19 pandemic. The Melbourne company reported sales for the first half year up 24.5 per cent to $1.2 billion (US$937.8 million) driven by rising healthcare and industrial sales. Healthcare sales were up 37 per cent on the previous corresponding period…
