New statistics from the Australian Securities & Investment Commission released halfway into the financial year show 243 manufacturing companies became insolvent during July – December 2023, compared to 235 and 84 for the same period in 2022 and 2021. In a statement from federal opposition industry spokeswoman Sussan Ley recapping recent collapses, the government’s “failed…
By Stephane Marouani As the adoption of AI grows across countless industries, it continues to enable impactful progress and revolutionise various aspects of technology and human interaction. Forrester predicts that Enterprise AI initiatives will boost productivity and creative problem-solving by 50 per cent in 2024. AI will impact the work of engineers and educators alike, saving…
A $37.4 million contract has been signed between Defence and Lockheed Martin Australia, paving the way for domestic manufacture of Guided Multiple Launch Rocket System (GMLRS) missiles from 2025. In a statement on Tuesday morning, defence said the contract would facilitate technology and skills transfer from the United States and enable an initial batch of…
KBR has welcomed two separate contracts with the department of defence, supporting the first MQ-4C Triton remotely piloted aircraft system (RPAS), ahead of scheduled delivery of the aircraft in 2024’s second half. The company said in a statement on Tuesday (Houston, US time) that the contracts will see it support Triton’s “aeronautical and geospatial requirements,…
By Ehsan Noroozinejad, Western Sydney University and Parisa Ziaesaeidi, Western Sydney University The world faces an increasing shortage of housing and an escalating climate emergency. These urgent global issues call for quick action and innovative solutions. The numbers show us how stark things are. Construction activities and building operations produce more than 40% of the…
ASX-listed compound semiconductor developer BluGlass has announced the completed acquisition of Silicon Valley-based contract manufacturer GaNWorks Foundry and successful installation and validation of gallium nitride (GaN) wafer processing equipment onsite. BluGlass announced the acquisition of its former manufacturing partner in December last year for $US 800,000, made up of $US 120,000 cash and $US 680,000…
Clearvue, a Western Australian-headquartered developer of solar photovoltaic glazing technology for windows, has announced an agreement with Safety Glass, representing Clearvue’s first manufacturing and distribution deal in its home country. In a statement, the company called the three-year deal on its integrated glazing units a “significant new business step forward” for its technology, which sits…
Greenhill Energy has announced a $425 million investment to construct Australia’s first large scale integrated waste-to-hydrogen processing facility on a 20 hectare site at Tailem Bend, on the Murray River in South Australia. The Riverbend Energy Hub plant will upcycle biomass and landfill waste and methane emissions into low-cost clean hydrogen, producing energy and high-value…
Merry Australian Made Christmas to all at our Australian Manufacturing Forum Linkedin group members and readers, partners and clients of @AuManufacturing news. 2023 is coming to a close, and at this time of year it is our tradition to salute Party Werks who are a proud supplier of quality Australian made tinsel. According to the…
A $46.2 million cut to research commercialisation unveiled in the Mid-Year Economic and Fiscal Outlook undermines confidence with national investment in R&D, according to peak body in science and technology, Science & Technology Australia. The cut of $46.2 million over four years to Australia’s new research commercialisation fund – Australia’s Economic Accelerator – amounts to…