Property fund manager Westbridge Funds Management has acquired a site at Wacol, south-west of Brisbane’s CBD, described as a “modern manufacturing facility”. The purchase is through the company’s Westbridge Diversified Fund No.4 for $14.5 million, it said in a statement on Wednesday. According to Westbridge, the 1.6 hectare site at 53 Coulson Street hosts a…
Additive manufacturing machinery and technology company AML3D has won a $2 million contract to 3D print a metal replacement component used in US Navy submarines. The breakthrough contract is for a high demand non safety critical (NSC) component that is no longer available from traditional manufacturers, creating an opportunity for the company in the US…
By Peter Roberts It is becoming clear that the Albanese Government is not the panacea many had hoped to see leading to a reversal of the downward slide in the fortunes of Australian manufacturing. While the government is way ahead of its coalition predecessor in tackling the key issues holding back manufacturing – it is…
Australia’s Sentient Vision Systems has partnered with US defence technology company Shield AI to offer AI-Enabled Wide Area Motion Imagery (WAMI) capability to international defence forces. Sentient, which specialises in AI-enabled passive wide area search, and Shield plan to deliver their solution to the United States Department of Defense (DoD), Australian Defence Forces (ADF) Defence…
Treasury Wine Estates the maker of Penfolds has reported rising profits on steady revenues as its programme of premiumisation of its wine offerings and focus on luxury brands takes effect. The company reported sales revenues relatively steady at $2.4 billion for FY23, down 2.2 percent or 4.4 percent on a constant currency basis on the…
Australian laser systems manufacturer Norseld has acquired the photonics capabilities of BAE Systems Australia, at the same time taking over contracts for key defence platforms. The photonics acquisition complements Norseld’s existing capabilities in medical laser and diamond coating for a range of industries including medical, optics, defence and space sectors. Norseld CEO Peter Shute (pictured)…
SafeWork NSW inspectors will be out across metropolitan Sydney this week targeting risks associated with moving plant and machinery often found in workshops, warehouses and manufacturing plants. The most common factors leading to people being killed or seriously injured operating machinery include removing a blockage or jam while a machine is still running, according to…
Like many manufacturing leaders, PFi group CEO Gavin Dunwoodie (pictured) is short of staff and is investing in ways to utilise existing staff better as well as in recruiting, training and retaining new ones. But so bad was the situation in 2022 he took to advertising on a billboard (pictured, below) along with fellow Queensland…
The federal government will build an Aircraft Coating Facility at Newcastle Airport in regional NSW to maintain the stealth of Australia’s fleet of F-35A Lightning II aircraft (pictured), as well as allied aircraft. At Australia’s first dedicated coating facility, a specialised paint will be applied to the aircraft to ensure they are virtually invisible to…
