Nominations opened on Thursday for the annual Victorian Manufacturing Hall of Fame Awards, now in their 22nd year, with 14 awards to be presented at a gala dinner in October. Industry minister Natalie Hutchins opened nominations for the 2024 awards, calling Victoria the nation’s “home of advanced manufacturing” and stating that the awards provide a…
A total of $6.9 million in grant funding was announced for four Industry Partner Organisations (IPO), alongside the opening of applications for the Industry Growth Program (IGP), on Thursday. In an announcement from industry minister Ed Husic (pictured), the four not-for-profits sharing in the $6.9 million were named as MTPConnect, the Advanced Robotics for Manufacturing…
Just when it had looked as if control of Australia’s largest cotton processor, Namoi Cotton would fall to one Singapore predator, another Singapore company which had been the underbidder has stepped back into the ring. Olam Agri Holdings announced today that it would increase its offer to buy the company to 66 cents cash, trumping…
James Cook University has claimed a new compound developed by their researchers is a potential “game changer” against corrosion, and is seeking industry partners to get it into new paints. According to a statement from JCU on Thursday, a research team led by Professor Peter Junk has developed a compound combining “an organic corrosion inhibitor…
The Western Australian government has announced $18.4 million for an additional 50 standalone power systems to be installed by Horizon Power. In a statement on Wednesday, the WA government said that it was committing the funds to the state budget, as well as another $8 million “to support local businesses to manufacture wind turbine components.”…
The largest end-of-life vehicle recycler in the UK, EMR has acquired ‘a significant stake’ in Australian recycling company Renewable Metals in a multi-million dollar deal which will see a novel demonstration-scale battery shredding and critical minerals refining plant built in the UK. Renewable Metals has developed a highly differentiated recycling process which has fewer steps…
By Peter Roberts Defence Minister Richard Marles is comfortable with the possibility of Australia’s most successful locally owned defence manufacturer, Austal, falling to overseas ownership. I, for one, am not. In April Korean defence group Hanwha bid to buy Austal, emerging into the open after months of speculation that the company was a takeover target.…
Increased copper production in Chile and the positive outlook for copper are driving growth of the Chilean business of mining equipment manufacturer Austin Engineering. The Perth company told investors that Austin Chile had won a $2.5 million order for a full Cat 7495 dipper bucket for a local customer – a product it acquired with…
Today our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – turns to successful overseas models boosting innovation such as the US SBIR model. By Jefferson Harcourt. Research and Development (R&D) is essential in driving economic growth and maintaining a competitive advantage, and in Australia there’s a pressing need to enhance R&D…
