Chemicals and explosives manufacturer Orica has revealed a statutory net loss after tax for the year ended September 30 of $174 million in a horror market that the company described as ‘challenging’. However directors reported an underlying earnings before interest and tax (EBIT) of $427 million, which was countered by a big $382 million write-down.…
Regional Corio, Victoria-based industrial service business C6 Group is making a name for itself with a new locally-made system called Katharsis which filters the majority of viral, bacterial and fungal fine aerosols from air in buildings. Katharsis uses a combination of protective technologies for maximum effect, which C6 says is equivalent to applying a P2/N95…
Sunshine Coast, Queensland-headquartered plant-based meat company Fenn Foods has announced distribution of its new Veef product range in Coles.
By Peter Roberts The board of Australian defence communications and technology company Codan has announced a new CEO to replace Donald McGurk (pictured) who is retiring after 21 years at the helm. Alf Ianniello has big shoes to fill, with the company’s share price plunging on the announcement of McGurk’s departure in August from $17.64,…
A Monash University team has been awarded $US 250,000 in the XPRIZE Carbon Removal Student Competition, which is part of the global, four-year $US 100 million carbon removal competition. The Monash Carbon Capture and Conversion (MC3) team was one of 23 winners in the $US 5 million round, said Xprize, with 18 teams awarded $US…
Electric drive train and truck producer SEA Electric has decided not to go ahead with a planned factory in Victoria’s La Trobe Valley. Here Shane West laments the decision, made after the company won an order to build 1,500 electric trucks in the United States. SEA Electric began life as an all-Australian technology and manufacturing…
Maggie Beer’s stellar growth Luxury food manufacturer Maggie Beer Holdings announced group revenues for Q1 FY22 up 84.1 per cent over the previous corresponding period as its three food brands made progress and the company increased online turnover during the Covid-19 pandemic. E-commerce sales were up 154 per cent, and now make up 44 per…
Cyclotek and ANSTO have announced the launch of a Joint Venture to establish Australia’s first GMP (Good Manufacturing Practice) theranostics production facility which will produce radiopharmaceuticals for both the diagnosis and treatment of cancer. The new company Applied Molecular Therapies Pty Ltd (AMT) will aim to establish a Therapeutic Goods Administration (TGA) approved, GMP manufacturing…
