Cochlear may have grown its sales from the depths of a Covid-19 slump in sales and surgeries to reach a new record level in FY 22, but the company has not returned to what it was before the pandemic. The maker of Cochlear implants reported sales revenue grew 10 per cent in the year to…
Vitamin producer Blackmores has seen group revenue rise 12.8 percent in Fy22 to reach $649.5 million with growth across the company’s three major brands. This delivered a rise in underlying operating EBIT profit of 19 percent to $56.6 million, with margins expanding 1.1 points to 53.4 percent. CEO Alastair Symington said the company had delivered…
The Western Australian government has announced $10 million in matched funding for Woodside Energy’s proposed Hydrogen Refueller project at its H2Perth site at the company’s Rockingham Industry Zone, aiming to establish a renewable hydrogen production, storage and refuelling facility. The “Hydrogen Refueller @H2Perth” project will support the use of hydrogen-fuelled vehicles by Woodside collaborators BGC…
In coming decades, Australia will invest around A$66 billion in large-scale renewables and $27 billion in rooftop solar and battery storage. This creates openings for industry development like the $7.4 billion market opportunity for an integrated battery supply chain and manufacturing which builds on our strengths, such as wind towers.
Animal feed manufacturer Ridley Corporation has reported strong performance in FY22 as it emerged from the rationalisation of its Australian production sites and benefitted from its growth strategy and focus on efficiency. The company reported operating profit from ongoing operations up 16 percent to $80 million on revenue up 13 percent to $1.05 billion, navigating…
Premium and luxury wine manufacturer Treasury Wine Estates has returned to a pattern of improving margins and earnings growth as it emerges from a reorganisation following Australian wine’s sudden exclusion from the China market. Announcing FY22 results that saw profit rise on a slight fall in sales, TWE CEO Tim Ford said relentless execution of…
ACS announces investment for hypersonic and space manufacture Advanced Composite Structures Australia has announced investment in new machinery for production of components suitable for hypersonic flight. In a statement on Wednesday, accompanied by a short promo video, the company mentioned a recent $240,000 Australian Government Defence Global Competitiveness Grant, which helped “increase production rate and…
Provaris Energy has completed a feasibility study for the proposed HyEnergy Project for the export of 200,000 tonnes per annum of green hydrogen from the Gascoyne region of Western Australia with a focus on delivery to Singapore. The HyEnergy Project partners Province Resources and Total Eren as well as the WA government have been told…
Perth international shipbuilder Austal has upgraded its profit expectations following the receipt of a massive $4.35 billion contract for the detail design and construction of up to 11 Offshore Patrol Cutters (OPC, pictured) for the United States Coast Guard (USCG). The first vessel has been contracted to the US Coast Guard with options for a…
US government approval of a US$700 million package to develop uranium fuels needed for small modular reactors (SMRs) has landed Australian laser enrichment technology company Silex Systems with renewed opportunities. The government’s funding to support its high assay low enriched uranium (HALEU) availability program over the next four years aim to develop fuels for the…
