Bega sells share in Vitasoy beverages Diversified food and beverage manufacturer Bega Cheese has sold its 49 percent shareholding in plant milk manufacturer Vitasoy to Vita International Holdings. The sale, for $51 million, follows the exercise of an option by Vita International to buy back the shareholding which was held by Bega offshoot National Foods…
XTEK has been awarded two grants from the Department of Defence, totalling $0.8 million. The ASX-listed defence contractor announced on Tuesday that the grants were through the Defence Global Competitiveness programs and Sovereign Industrial Capability Priority program and valued at $164,268.50 and $658,209.20 respectively. The DGC-backed project covers investment in a new “CNC Virtual Machining…
Rachael Barritt from Dovetail Electric Aviation has been named Swinburne University’s first Founder in Residence, with a focus on “new ideas and ventures” related to aerospace and aviation. According to a statement from Swinburne on Tuesday, Barritt (pictured) would work closely with the team at its Aerostructures Innovation Research Hub (AIR Hub), which is involved…
The Monash Institute of Railway Technology (IRT), which is advising the development of the federal government’s National Rail Manufacturing Plan, hosted assistant manufacturing minister Tim Ayres on Monday. Ayres – who also visited cutter and grinder tool manufacturer ANCA yesterday to announce a a $3 million grant – is leading development of the rail plan. …
Australian and French defence and foreign ministers meeting in Europe have announced a new collaboration to supply 155mm calibre field gun ammunition to war torn Ukraine. It is understood that French-owned Thales group’s Australian Munitions operation at Mulwala in New South Wales will supply the gunpowder for the manufacture of the shells which will be…
Machine tool manufacturer ANCA will establish a precision manufacturing cell at its Bayswater, Melbourne headquarters, using a grant delivered through the federal government’s Modern Manufacturing Initiative. ANCA is a major exporter of complex manufactures, supplying advanced tool-making machines and technology to aerospace, medical, automotive and electronic industries in more than 45 countries. Assistant Minister for…
News that China may restrict exports of solar PV wafers has focused attention on solar PV panel manufacturers, including Australia’s Tindo Solar, which rely on Chinese imported inputs. Here Richard Petterson makes the case for sustainability in solar PV manufacturing and for a bigger role for Australian industry. The term ‘circular economy’ describes the re-use…
