Covid disruptions spark boost to beleaguered TCF sector

Australia’s textile clothing and footwear industries, one of the principal victims of unfettered and often unfair import competition from China, has been the surprise beneficiary of Covid-19 disruptions, according to new figures from industry analysts IBISWorld. With Chinese exports disrupted Australia’s knitted product manufacturing industry achieved a 13.2 per cent increase in revenue to $90.6…

Carbon capture and use given go ahead

The federal government has awarded six companies a share in the Government’s $50 million Carbon Capture, Use and Storage (CCUS) Development Fund. Part of a $1.9 billion new energy technologies package announced in the 2020-21 Budget, the government aims to accelerate the development of the technology in Australia, reducing emissions and supporting new economic opportunities.…

BluGlass focuses on manufacturing improvement, raises cash

Semiconductor technology developer BluGlass has announced an $8 million capital raising to further develop its first direct-to-market commercial laser diode product. The company, which is commercialising its Remote Plasma Chemical Vapour Deposition (RPCVD) production technology, plans a non-renounceable rights issue to current shareholders. The raising comes as the company revealed it was experiencing reliability issues…