Tasmea buys high voltage power line company
Tasmea has acquired communication and energy infrastructure company Future Engineering Group for $84.5 million.
Lion and Samsung partner for Brisbane hydrogen hub
Lion Energy and Samsung will jointly develop a green hydrogen hub at Port of Brisbane that will initially produce and dispense more than 420kg of green hydrogen per day. Lion and Samsung subsidiary DGA Energy Solutions Australia have signed an agreement that will see Samsung C&T pay A$3.7 million to Lion for pre-construction costs. In…
Australian business lags in AI adoption – survey
Australian businesses trail their Asia-Pacific counterparts in their digital strategy and AI adoption, according to a major survey by CPA Australia. However it is not all bad news – our focus on cybersecurity and data protection is a positive for Australian businesses. CPA Australia’s 2024 Business Technology Report found that only 53 per cent of…
Global pool equipment maker acquires W.A. engineer
Spanish major pool equipment maker Fluidra has acquired West Australian commercial pool manufacturer Chadson Engineering.
Push for manufacturing hub making timber products as hard as steel
A new hub making manufactured timber as strong as steel is being investigated in Australia’s ‘green triangle’.
Lessons in Resilience – technology can help plan for disruption
Every day Australian manufacturers face numerous challenges from economic ups and downs, changes in consumer demand, and technology shifts. A company’s technology choice is one of the key insurances manufacturers can take out against such disruptions, according to Director – Solution Engineers, ANZ at Epicor Ian MacDonald, one of four leaders taking part in our…
Aurora Labs begins printing with new AL250 3D Metal Printer
Metal additive manufacturer Aurora Labs (A3D) has launched its new AL250 Printer with the first model now ready for commercial printing in A3D’s Industrial Print Services Business in Perth. The printer will bolster print capability in the Print Bureau and demonstrate to potential customers the capabilities of A3D’s machines to help boost future printer sales.…
Flow battery maker Redflow goes into administration
By Peter Roberts Zinc bromine flow battery manufacturer Redflow has gone into voluntary administration after failing to secure new funds from investors. The company, which manufactures its Australian developed batteries in Thailand, has appointed Richard Hughes and David Orr from Deloitte as administrators. Redflow was one of the first to launch a commercial zinc flow…
$170 million Hanwha armoured vehicle factory opened
The Deputy Prime Minister and Minister for Defence Richard Marles has opened the $170 million Hanwha Armoured Vehicle Centre of Excellence (H-ACE). Located at the Avalon Airport Precinct in Victoria, the facility will manufacture the Huntsman and Redback families of armoured vehicles. Space is provided for suppliers to locate on site to make vehicles for…
Manufacturing news briefs – stories you might have missed
Starpharma’s loss, strong financial position Biotechnology company Starpharma‘s loss narrowed during FY24 by 48 percent from $15.6 million to $8.2 million. Net cash outflow of $11.8 million was down $7.4 million from FY23 on revenue up 132 percent to $9.8 million. Revenue included a one-time $6.6 million cash payment from Mundipharma on termination of a…