The Department of Defence has released an Innovation, Science and Technology (IS&T) strategy, aimed at leveraging Australia’s scientific capability in defence. Accelerating Asymmetric Advantage – Delivering More, Together is Defence’s 10-year vision for the Defence IS&T ecosystem. Chief Defence Scientist Professor Tanya Monro said: “This vision integrates and aligns the Defence IS&T ecosystem to meet…
Suspension component manufacturer Lovells Automotive Systems has opened a $1 million Research and Development (R&D) Facility in Edwardstown, Adelaide which will underpin the company’s vehicle dynamic stability testing capabilities. The company, which manufactures suspension components, original equipment (OEM) parts and aftermarket coil, and leaf springs, will use the facility to develop and test products through…
Transport company Knorr-Bremse has been awarded a contract worth approximately $30 million to build 520 climate control systems that will be aboard the upcoming fleet of trains built by Downer. According to a statement from Queensland manufacturing minister Glenn Butcher and others on Tuesday, the contract under the Queensland Train Manufacturing Program (QTMP) will see…
A new report from market intelligence firm IBISWorld has found the sector representing manufacture of women’s and girl’s wear in Australia is worth $556 million and made up of 502 businesses. In a summary of the results, IBISWorld said the sector had declined at a compound annual growth rate of 2.7 per cent over the…
Additive manufacturer Amaero International has completed an upsized institutional placement to raise $25 million following strong support from existing institutional shareholders as well as from new Australian and international institutions. The company will use funds raised primarily to fund the purchase of capital equipment including a second atomizer and improvements to the company’s headquarters in…
The federal and state governments have announced $20 million for a new TAFE Queensland Centre of Excellence – Clean Energy (Batteries), to be a state-wide initiative coordinated through TAFE Queensland SkillsTech. According to a joint statement on Tuesday, the centre will operate across the TAFE network and deliver training in “emerging battery technologies and support…
Researchers from Monash University, led by Associate Professor Mikaël Martino from the university’s Australian Regenerative Medical Research Institute, have discovered a cell in blood which can rapidly promote healing, suggesting potential in off-the-shelf therapies. The group’s research showed cells known as Regulatory T cells “rapidly becoming a cell type specific for the injury it needs…
Following a meeting of creditors, bus and logistics fleets manufacturer GoZero Group’s bid to acquire bus manufacturer, BusTech which is in administration, has been approved. With the deed of company arrangement to be finalised in the coming days, the deal will make GoZero the biggest bus manufacturer in Australia, with operations across eastern and south…
Crusader Caravans is set for a bumper hot summer – announcing five new ranges and an expansion of export sales into the US market. Operating under the guidance of the business advisory Mawson Group, Crusader Caravans has retained a healthy balance sheet, strong order and production figures, according to a statement. This has seen and…
The federal government is to back construction of a rocket motor manufacturing facility designed to support Australia’s developing capabilities in guided weapons and missile manufacturing. The federal government today called for options from industry to establish a manufacturing complex for what it called a ‘sovereign rocket motor programme’ to make rocket motors, backed by an…