The Australian Bureau of Statistics’ Monthly Business Turnover Indicator has shown improvement in eight of 13 industries tracked for the month of August, with the biggest jump coming from manufacturing. The indicator, launched in 2021 and tracking figures from companies that submit Business Activity Statements (BAS) monthly, recorded a 6.4 per cent rise for manufacturers…
Nova Systems appoints Dean Rosenfield as CEO Defence engineering firm and consultancy Nova Systems has appointed Dean Rosenfield as CEO, following the departure of Jim McDowell to the role of Deputy Secretary Naval Shipbuilding and Sustainment. Rosenfield is an experienced senior business leader with over 20 years working the defence industry. Prior to joining Nova,…
By Tony Wood, Grattan Institute Australia has a legislated target to reduce greenhouse emissions, a federal government with commitments to increase the share of renewable electricity and reduce power prices, and a globally important economic opportunity at its feet. In the second half of the government’s current term, delivery looks hard across the board. All…
Wide Open Agriculture is expanding to Europe and at the same time becoming the world’s largest producer of lupin protein utilised in non-meat, high protein foods. The company has purchased German lupin producer Prolupin GmbH for $4.1 million, opening up opportunities for WOA to manufacture its Buntine protein in Europe. The Kewdale, Perth producer plans…
US-based outdoor equipment company Clarus Corporation has acquired TRED Outdoors from Venlo Holdings, with TRED products to remain made in Australia. TRED was established in 2012 in Brisbane, and manufactures off-road and camping equipment, including the TRED recovery board (pictured.) According to a statement on Monday from Salt Lake, Utah-headquartered Clarus, the transaction includes “a…
Queensland Parliament has passed legislation that will enable renewable hydrogen and gases to be piped safely across Queensland and exported to global trade partners, joining South Australia in passing specialist legislation supporting the hydrogen economy. Last month South Australia’s Hydrogen and Renewable Energy Bill 2023 for an Act was passed which facilitates and regulates the…
Defence manufacturer Electro Optic Systems has launched a new weapon system that combines lasers and machine guns and cannon to detect and destroy hostile drones in the battlefield. The company has previously demonstrated a combination of directed energy (laser) and 30mm cannon systems at its Canberra test facility (pictured). However EOS Defense Systems USA has…
Former coalition minister for defence industry Christopher Pyne has revealed his dismay at the closure of the car industry which came after a challenge from then Treasurer Joe Hockey for GM Holden to leave the country. Pyne did not express misgivings publicly at the time, but according to an interview in the website of the…
Robotic construction technology manufacturer FBR has reprioritised its entry into the US construction market, dedicating Hadrian X robots as they are made in Perth to its US Wall as a Service (WaS) construction offering At the same time the Perth company has raised $6.2 million to support the export push via an institutional placement of…
Australian vanadium redox flow battery (VRFB) developer Thorion Energy has selected Vietnam as the manufacturing site for its batteries. The company and Viettel Manufacturing Corporation inked a co-operation agreement (main picture) to manufacture its vanadium batteries in Vietnam for local market as well as for exporting to the global markets. Thorion’s battery (pictured, below) uses…
