The industrial economy continues to contract in response to higher interest rates according to the latest data released by employer group the AiGroup. The group’s Australian Industry Index, which is broader than its companion Performance of Manufacturing Index, fell in June 2023, losing 1.1 points to minus 11.9 points (seasonally adjusted). The index has indicated…
Electronics manufacturer Entech Electronics has announced factory expansions, both locally in Adelaide and offshore in Southeast Asia where it is establishing in Malaysia for the first time. The company, which is a contract manufacturer offering PCB assembly, turnkey assembly, prototyping, and bare PCB supply, has begun construction of a new Adelaide factory and HQ, with…
Hexagon Energy is pressing ahead with its plans to construct its WAH2 low-emissions ammonia project in Western Australia following release of a positive pre-feasibility study. The engineering and cost estimation study, by energy services company Petrofac, support a commitment to a Pre-Front End Engineering Design (Pre FEED) step which is scheduled to start mid-2023. The…
The federal government is to back efforts by not for profit group North Queensland Simulation Park (NQ Spark) which is establishing an innnovation and industry precinct in critical technologies. The government signed a $32.2 million that paves the way for work to begin on northern Australia’s first collaborative defence industry hub in Townsville. Also supported…
Three Queensland First Nations businesses have received state government support to develop their products under the Indigenous Native Food Program. The program helps First Nations-owned and run businesses commercialise new food products with native food ingredients. Queensland innovation minister Stirling Hinchliffe said in a statement on Thursday that, “With the eyes of the world focused…
Australians were rightly aghast when the titanium and composites underwater vehicle Titan failed during an inspection tour of the wreck of the Titanic. This story on the voyage to the bottom of the deepest part of the oceans by film maker James Cameron, first published in June 2012, illustrates the efforts that go to making…
Medicinal cannabis grower and manufacturer Cann Group has seen sales more than double in the past year as the use of cannabinoid products take off in Australia. The company, which owns a GMP approved production facility at Mildura, Victoria (pictured), said sales revenue for the 12 months to June 2023 was an unaudited $13.5 million,…
Treasury Wine Estates, the maker of Penfolds, is accelerating its move towards premium and luxury brands, announcing adjustments to its operating model and organisational structure. As well as announcing a stronger focus on ‘priority brands’ Wynns, Pepperjack, Squealing Pig and 19 Crimes, the company also revealed it would close a Victorian winery used to make…
Channel Infrastructure and Fortescue Future Industries announced their investigation into a green hydrogen manufacturing facility at Marsden Point for synthetic Sustainable Aviation Fuel (eSAF) has progressed, with Fortescue to begin a pre-feasibility phase study. According to a statement from the two companies on Wednesday, the eSAF factory could supply approximately 60 million litres a year,…
Brisbane-based electric vehicle charging products company EVOS has announced completion of a $5 million funding round, supported by existing investors. In a statement on Wednesday, the fleet energy management and AC charging specialist said the round will enable it to begin commercialise new technologies “ideal for a number of EV charging use cases to address…
