By Peter Roberts Sydney vitamin manufacturer Blackmores has fallen victim to foreign takeover and will be removed from listing on the ASX. Japanese company Kirin Holdings, best known as a beer and beverage group, is to buy the company in a takeover valuing the business at $1.8 billion. The friendly takeover by the member of…
The Queensland government has announced that Volo Modular on the Gold Coast is currently building 18 prefabricated duplexes, as part of efforts to boost social and affordable housing in the state. Describing its current partnership with modular homes manufacturers as a “first-of-its kind”, the state government said it was on track to deliver 53 new…
Funding of nearly $600,000 from the National Intelligence and Security Discovery Research Grants Program has been awarded to Monash University-led research involving growing human brain cells onto silicon chips. A statement from Monash University on Friday describes the new research program – led by Associate Professor Adeel Razi from the Turner Institute for Brain and…
By Peter Roberts It seems state governments are back in the venture capital game, and brazenly so. Provision of venture capital with its inherent risks and risky lending by state banks was on the nose only recently with the collapses of government ventures ranging from the Victorian Economic Development Corporation to the South Australian State…
Weapons systems made by Australia’s Electro Optic Systems and DroneShield are to be provided to Ukraine under a soon to be announced $1.3 billion aid package, according to media reports. Reuters reported that the new order would include defenses, counter-drone systems, exploding drones and ammunition. Among the systems to be delivered under the Ukraine Security…
This week’s report from the Productivity Commission targeted Australia’s energy policies as a form of industry assistance – anathema to the dry economic policy group. Here, Roy Green finds the Commission out of touch with Australia’s needs. This is another tiresomely predictable and formulaic report from the Productivity Commission. Ironically it takes issue with the…
X-ray fluorescence (XRF) specialist Evident Industrial and Ballarat, Victoria mining equipment manufacturer Gekko Systems have joined forces to enable Gekko’s Carbon Scout device to conduct multi-element, real-time analysis of carbon in gold extraction circuits. The Carbon Scout is an automated sampling system that measures carbon concentration, as well as multi-elements analysis of pH, dissolved oxygen…
Military and law enforcement uniform and equipment manufacturer Australian Defence Apparel (ADA) is expanding their existing membership of the Defence Industry Security Program (DISP) to cover their Bendigo, Victoria factory. Once the membership is extended to their 5000sqm facility in Bendigo this year, ADA will be the only uniform manufacturer that has achieved DISP membership…
