Green steel, e-motorcycle manufacturers among winners of AMGC grants totalling $6.1 million
Tranche 4 and 5 of Advanced Manufacturing Growth Centre Commercialisation Fund grants have been announced, with $6.1 million awarded to ten companies.
Thales to continue support work on MU90 anti-sub torpedoes
A $20 million contract will see Thales Australia continue sustainment of anti-submarine torpedoes in Western Australia. Thales has had the support contract since the adoption of the MU90 Light Weight Torpedoes by the Royal Australian Navy in 2013. “I am proud that Thales Australia has been awarded this contract to continue with the in-country, in-service…
High-tech Australian manufacturers make finals at two award programs
Finalists for two competitions have been announced this week, with manufacturers in the running to win awards at the InnovationAus 2021 Awards and Australian Technologies Competition (ATC21.) The InnovationAus Awards include 11 categories. The Advanced Manufacturing finalists are: – Bodd, an additive manufacturing start-up using 3D printing, body scanning and SaaS technology to reinvent fashion;…
Geofabrics acquires Plascorp
Civil engineering supplier Geofabrics Australasia has acquired industrial products business Plascorp Holdings, creating what Geofabrics says is one of the largest private manufacturers and sellers of highly engineered industrial products in Australia and New Zealand.
Mixed reception as PM splits Industry responsibilities
By James Riley The Prime Minister’s decision to split responsibility for Christian Porter’s former Industry, Science and Technology portfolio between two existing cabinet ministers has been given a broadly positive reception from the industry. The caveat, as always with this portfolio in recent years, is the generally expressed desire for greater stability within Industry. And there…
Xtek seeks $5 million to support armour, drone, software R&D
Xtek is undertaking a $7.7 million capital raise, which will support investment in developing new drones, software and composite armour. The ASX-listed defence contractor announced on Monday that it had raised $2.7 million so far through an institutional placement, and would make a pro-rata non-renounceable entitlement offer to all eligible security holders to raise a…
Submarines thrust Australia forward
The new submarine project with AUKUS thrusts Australia into a whole new world where innovation and technology rule. By Michael Sharpe.
Manufacturing narrowly achieves a year of month-on-month growth in PMI
Manufacturing narrowly achieved its 12th straight month of growth in September, according to the Australian Industry Group’s Performance of Manufacturing Index, with the industry hopeful it will see an uplift after pandemic-related restrictions ease.
‘Not keeping pace’: Australia continues slide down world digital rankings
By Denham Sadler Australia has slid to its worst ever recorded performance in terms of digital competitiveness, coming in at 20th in a global study after dropping five places since last year. The IMD World Digital Competitiveness Ranking, a study of 64 countries by Switzerland-based International Institute for Management Development (IMD), was released by the Committee…
Lucas Heights will get new $30 million nuclear medicine factory, says federal government
The federal government has announced a $30 million project to design a new radiopharmaceutical manufacturing facility at Lucas Heights in NSW, where 80 per cent of the country’s nuclear medicine needs are currently produced.