Primary steel producer BlueScope Steel has seen profit slumps from its major businesses as markets for its steel, coated products and buildings generally softened in the first half FY23. The company reported first half net profit after tax of $599 million, a $1 billion drop from the previous corresponding period. The company’s Australian steel products…
QinetiQ creates new “Australian Sector” operation UK-headquartered defence business QinetiQ Group has announced the formation of a new Australia Sector, with Gary Stewart as the Sector’s Chief Executive, effective May 1. Stewart joins from Rheinmetall Defence Australia where he was the Managing Director, responsible for strategy and operational delivery in the Asia Pacific region. The…
ADVERTISING FEATURE By PIER Marketing At PIER, we often refer to websites as the “nerve centre” of your marketing activity: it’s the place where customers and potential customers find you, learn about you, form impressions, purchase products, make bookings and plenty more. With your website playing such a huge role in your business, it’s essential…
Kongsberg Defence Australia has signed a contract with Tandem Building Group to construct their new purpose-built facility, located in Mawson Lakes South Australia. The company is involved in numerous Australian defence programmes, including the supply of the Kongsberg Naval Strike Missile to replace the Harpoon missile on both of the Royal Australian Navy’s Anzac Class…
Special purpose investment fund Australian Business Growth Fund (AGBF) will invest $15 million into family owned metal manufacturer Derwent Industries Group bringing its total investments made into SME businesses to more than $100 million. Derwent is an advanced metal manufacturer servicing critical infrastructure projects and key industries including water, mining, rail and defence, operating from…
Thermal energy storage company MGA Thermal has been awarded backing worth approximately $560,000 through Shell’s accelerator program, which the startup says will step up completion of a pilot project. MGA’s pilot is located at its factory in Tomago, NSW, has a budget of $3 million, and aims to gather data on “and provide a tangible…
Australia’s emissions-intensive businesses along with the Australian Renewable Energy Agency (ARENA) have identified a possible pathway to decarbonise heavy industry, outlined in a series of new reports published today. The Australian Industry Energy Transitions Initiative (Australian Industry ETI) has published the Pathways to Industrial Decarbonisation Phase 3 reports. The reports identify decarbonisation pathways for five…
With the federal opposition opposing the government’s proposed $15 billion National Reconstruction Fund that was endorsed by voters at the recent election, the views of cross-benchers have become critical. In a speech to Parliament the independent member for Warringah Zali Steggall outlinesd her concerns about the bill establishing the fund, at the same time strongly…
By Peter Roberts Opal Australian Paper has made its last ream of its popular Reflex brand copy paper with the formal announcement of the permanent closure of the company’s Maryvale mill in Victoria. Making good on warnings made last month, the company conceded it had not been able to solve the issue of a supply…
