Most Australian manufacturers and distributors are striving for higher output in 2024. However, CommBank’s new report shows that achieving it will rely on overcoming ongoing issues relating to costs, customers and capacity and finding new pathways to productivity.
Today we conclude our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – in which @AuManufacturing has exposed the issues eroding Australian R&D. In this edited excerpt Dr John Howard proposes A National Business R&D Strategy and Action Plan. Download the full paper at the foot of this article. The structure of…
Yet another Australian manufacturing operation is heading for foreign control with fertiliser and explosives business Incitec Pivot confirming it was negotiating the sale of its fertiliser manufacturing to an Indonesian company. IPL’s CEO & Managing Director Mauro Neves told investors the company had continued to progress the structural separation of its fertiliser and explosives businesses.…
Nanomaterials developer and producer First Graphene has announced a five-year distribution agreement with privately-owned industrial products distributor Bisley & Company. According to an ASX announcement from First Graphene on Thursday, the non-exclusive distribution deal will see the company’s PureGRAPH sold throughout Australia and New Zealand through Bisley, and represented “a significant milestone” in its commercialisation…
By Kylie Walker, Australian National University This year’s federal budget is making up for decades of lost time – both in our clean energy transition and in betting on new technological breakthroughs. The Future Made in Australia Act holds tantalising potential for building Australian science, research and development. The aim is to turn Australia into…
Defence contractor Global Defence Solutions has announced that it is preparing to deliver a Zone 4-certified deployable secure container, manufactured at its Nowra facility, to the Australian Defence Force (ADF). In a statement on Thursday, the Alkath Group subsidiary said its deployable facility is housed in a 10-foot secure container, made to ADF standards, and…
Researchers from RMIT University have shown evidence that a new concrete they’ve developed can repurpose twice the amount of coal ash currently used versus current standards, with benefits in performance and lower volumes of cement required. According to a statement from the university, research in collaboration with AGL’s Loy Yang Power Station and the Ash…
Bioelectrical medical device developer Neo-Bionica has secured an investment of $5 million from Breakthrough Victoria, which will accelerate its growth both domestically and internationally. Neo-Bionica is a Melbourne advanced MedTech manufacturer that specialises in providing commercialisation and manufacturing services to develop AI-powered implantable and wearable medical devices. The company’’s expertise includes developing devices designed to…
Building products group CSR has announced a net profit after tax for the financial year ended 31 March 2024 of $240 million, up seven percent on the previous year. Statutory net profit after tax was $231 million on flat trading revenue of $2.6 billion while group earnings before interest and tax (EBIT) was $332 million,…
Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Elliot Duff identifies the issue as a lack of capability in diffusing knowledge through the economy to its grass roots. Knowledge Diffusion in Australia While doubling R&D spending to 3% will help turbo-charge the Australian innovation system, it is essential…