Capral Aluminium has announced the acquisition of Archerfield, Brisbane-based supplier and fabricator Apple Aluminium In a statement to the ASX on Monday, Capral described the acquisition as “relatively small”, though aligned with a strategy to grow via targeted acquisitions and strategic investments. Apple Aluminium’s turnover was given as about $12 million, while Capral’s revenues for…
The final recipients of the Sovereign Industrial Capability Priority (SICP) and Defence Global Competitiveness Grant (DGCG) programs have been awarded a cumulative $2.9 million in funding. In a statement on the new DIDG program, which was launched on Monday, industry minister Pat Conroy also shared news of nine grant recipients for the outgoing SICP and…
Program guidelines have been released for Defence Industry Development Grants, with applications to open on Tuesday for the new program which is planned to award $150 million in grants over four years to SMEs DIDG covers four streams – “development of sovereign industrial priorities, export opportunities, technical skills and security controls which are relevant in the…
Satellite communications manufacturer Skykraft has celebrated the one year anniversary of the launch of five Skykraft-3 satellites on the 13th of June 2023. The satellites have paved the way for the company to roll out its space-enabled VHF communications and ADS-B surveillance system for Air Traffic Management with operational service commencing in late 2026, according…
There was a time just over a year ago when infant formula maker Bubs Australia seemed always in the news and the news was good. The company whose unique selling point is its use of Australian goats milk in its products was Australian Exporter of the Year in 2022. Its products were flying off the…
The Future Made in Australia is great if you are in one of the chosen new high growth sectors that are its focus. But what of existing, centuries old manufacturing value chains assailed by cheap online retailing? By Allyn Beard. Cheap, imported and mass-produced goods are seemingly taking over Australia, with the likes of online…
The use of local components and wider economic benefits to the community will be key considerations in Climate Change and Energy Minister Chris Bowen’s selection of companies to construct Australia’s new offshore wind farms. Bowen made the commitment talking at BlueScope Steel’s Port Kembla plant after announcing the declaration of an offshore wind production zone…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Psychotropic medicines manufacturer bids for IDT Australia Psychotropic medicines manufacturer Mynd Bio Pty Ltd has made a surprise bid to acquire listed pharmaceutical developer, Melbourne-based IDT Australia. The bidder is part of a larger group which has already…
The entity charged with investing $15 billion on behalf of the federal government to diversify and transform the national economy has appointed its inaugural Chief Investment Officer (CIO). In a statement on Friday, the National Reconstruction Fund Corporation announced Dr Mary Manning’s appointment in the role. She will begin next month. She will “oversee investment…
Tata Steel – part of the Indian Tata conglomerate – and Monash University will establish a new Centre for Innovation on Environment and Intelligent Manufacturing, the company’s first major R&D collaboration with an Australian institution. In a joint statement on a signed MoU on Friday, the university said it would draw on its “world-leading expertise…