The first from an order of 23 new VLocity trains, made in Victoria by Alstom for the state’s regional V/Line services, has begun transporting passengers. According to a statement from public transport minister Gabrielle Williams on Thursday, the train is numbered 119 and the first from the order, worth a total of $601 million and…
The maker of Penfolds, Treasury Wine Estates is focused on the re-establishment of its Penfolds Australian portfolio in China following the removal of tariffs. As part of FY24 results the company told investors that it immediately began re-establishment in the fourth quarter, with strong shipment demand from customers and initial depletions in line with expectations.…
Hearing implant manufacturer Cochlear has reported sales revenue up 15 percent to $2.3 billion for FY24, with growth across all business units. Cochlear implant units increased nine percent with strong growth across the developed markets, while services revenue increased 15 percent driven by strong upgrade demand for the Cochlear Nucleus 8 Sound Processor (pictured). Statutory…
Rio Tinto’s Boyne Island smelter in Queensland will operate into the 2040s following a partnership with the state government that will see the smelter supplied with renewable energy by the state’s government owned generators. The agreement safeguards 1,000 jobs and ensure the continuing manufacture of carbon anodes, aluminium production, and casting of 295,000 tonnes of…
ASX-listed semiconductor developer and manufacturer BluGlass has announced a one-day Semiconductor Australia Conference 2024 in October. In a statement on Thursday, Bluglass said it has partnered with the Semiconductor Sector Service Bureau (S3B), and ShareCafe on the event, to be held at Deloitte’s premises in Sydney’s Quay Quarter Tower on October 24.. It will feature…
Australian businesses could access world-leading battery manufacturing scale-up facilities following an agreement between Powering Australia and the UK Battery Industrialisation Centre (UKBIC). UKBIC is a $250 million battery manufacturing scale-up facility based in Coventry, UK, while Powering Australia is the team behind the Future Battery Industries Cooperative Research Centre. Powering Australia was allocated $20.3 million…
Additive manufacturing technology company Amaero International has revealed that its capital expenditures over the 3-year period of FY2024-FY2026 was $71.3 million. The company also said that capital expenditure for FY2024 was $11.2 million, compared to earlier estimates of $18.6 million, with $7.4 million of capital expenditures budgeted for the year deferred to FY2025. Amaero did…
