Manufacturing the number one target for cyber criminals
New cyber threat intelligence reports have labelled manufacturing as the most targeted industry for cyber threats.
Ingham’s expands, automates to improve results
Food producer and manufacturer Ingham’s Group has reported an EBITDA of $471.1 million for FY24 up 12.6 percent on FY23 as it focused on acquisitions and capability, capacity and network resilience. NPAT was up 68 percent to $101.5 million on revenue up 7.2 percent over the previous corresponding period to $3.3 billion. Inghams CEO and…
Maintenance work begins on US N-sub in Perth
Royal Australian Navy and Australian industry staff are set to begin maintenance work on the first US nuclear powered submarine to be docked in Perth as part of the AUKUS partnership. They will work on US Virginia class submarine USS Hawaii alongside US counterparts in a Submarine Tendered Maintenance Period (STMP) at HMAS Stirling in…
Net Zero Authority and Agency will guide industry transition
Bills to establish a Net Zero Economy Authority and Net Zero Economy Agency to guide industry and the economy’s transition to net zero emissions have passed the Senate and will soon be signed into law. The Bill establishes a new independent statutory authority to promote orderly and positive economic transformation as the world decarbonises. Billed…
Brisbane group leads design of nuclear powered ships
Gold Coast based ship design group Seatransport and a Brisbane based technology company are developing nuclear solutions for the propulsion of strategic and disaster response vessels in remote areas. The technology company has not been named, preferring to remain in stealth mode, however they are collaborating to utilise Using Micro Modular Reactor (MMR) technology of…
Towards 3% R&D – rebuild capability over 10 years – by Dr Philip Chindamo
Australia’s Group of Eight major universities has issued a decadal roadmap to return the nation to a necessary 3% of GDP devoted to R&D. (Download @AuManufacturing’s Towards 3% R&D e-book here) Here Dr Philip Chindamo proposes actions to boost business R&D. A thriving, innovative, and internationally competitive economy is essential to maintain our standard of…
Gov launches expert panel to guide green metals growth
The Albanese government has unveiled a new Green Metals Advisory Panel to help the country’s metal manufacturers grow and decarbonise.
Codan sales and profits up in communications, detection
HF radio and metal detection manufacturer Codan has announced FY24 group earnings before interest and tax of $113.9 million, up 29 percent on the previous corresponding period. Group revenue was up 21 percent in the year to $550.5 million on strong performance of its twin businesses in defence communications and metal detection equipment. Net profit…
$850m investment to manufacture missiles in Newcastle
The federal government will contribute up to $850 million in partnership with Kongsberg Defence Australia to manufacture and service missiles at Williamtown near Newcastle. The project, which involves construction of a factory in the Newcastle Airport precinct employing 100, is expected to generate almost $100 million in economic benefits to the local area. The factory…
Defence and exclusive global marine contracts swell VEEM profits
Marine manufacturer VEEM has seen revenue jump by a third as defence contracts and exclusive global agreements boost its bottom line.