Treasury Wine Estates, the maker of Penfolds, has reported strong earnings growth and margin expansion as the company’s restructure of its wine portfolio towards luxury brands pays off for the company. EBITS for the first half FY23 grew 17 percent to $307.5 million driven by growth in its luxury portfolio of brands, price increases achieved…
By Ravi Naidu, University of Newcastle They stop your food from sticking to the pan. They prevent stains in clothes and carpets. They help firefighting foam to extinguish fires. But the very thing that makes “forever chemicals” so useful also makes them dangerous. Forever chemicals – the catchier name for the class of chemicals known…
Queensland govt welcomes applications for Manufacturing Hubs Grant Program This week Queensland manufacturing minister Glenn Butcher announced that the state government’s Manufacturing Hubs Grant Program (MHGP) is open for a third round. The announcement was hosted this week at Mecha, a winner of $230,000 in grant support under the program’s first round, supporting a new…
Hearing implant manufacturer Cochlear has powered to a new first half record revenue based on new product offerings and as the company completes its recovery from the pandemic. The Sydney company reported sales revenue up nine percent (seven percent in in constant currency terms) to a record $893 million, revealing strong growth in cochlear and…
Concentrated solar power (CSP) developer Vast Solar and Nabors Energy Transition Corp. today announced an agreement for a business combination that would result in Vast becoming a publicly-listed company on the New York Stock Exchange. Founded in Australia in 2009, Vast’s proprietary CSP system uses a modular tower design and a unique sodium loop for…
By Peter Roberts Australian critical minerals producer Lynas Rare Earths has suffered a major blow with the renewal of the operating licence of its Malaysian metals processing plant – the biggest in the world outside China – in such a way that dooms part of the processing at the site to closure after July 1.…
By Peter Roberts How good is @AuManufacturing’s sister networking and discussion group, the Australian Manufacturing Forum on Linkedin? We founded the Forum in 2011 as a place where like minds – those of us excited about developments in Australian manufacturing and keen to work together to ensure its future – could come together in a…
