Manufacturing optimism has picked up following the election, but an overall loss of momentum beginning mid-2018 persists, according to the long-running Australian Chamber of Commerce and Industry-Westpac Survey of Industrial Trends.
Australian entrepreneur Matt Barrie has said he supported consideration of a UK-style patent box taxation scheme aimed at improved commercialisation of local IP, following comments by the federal treasurer that the government would take a “close look” at the scheme.
Australia’s future prosperity is at risk unless we take bold action and commit to long-term thinking.
A project in Sydney’s Alexandria will test the performance of geopolymer concrete on a stretch of road containing recycled material from coal-fired electricity and steel production.
Industry minister Karen Andrews announced that the Advanced Manufacturing Growth Centre will “receive up to $2 million” to carry out a feasibility study on growing the prefabricated building industry and, based on findings, establish a collaborative innovation lab.
Australian 3D printer manufacturer SPEE3D has announced increased sales of their “supersonic 3D deposition”-based machines, with five units installed in the last three weeks.
The Australian Competition and Consumer Commission will not oppose the acquisition of Steelforce Holdings, a deal which would make GFG Alliance Australia (Liberty) the biggest distributor of long steel products in Australia.
A new luxury cheese, encrusted with South Australian river mint, is set to make its official debut at the Summer Fancy Food Show this month in New York.
An Australian-made hemp processing machine has been shipped to Canada, and the company behind it believes the technology could enable a new textile processing industry in Geelong.
Australia Post has announced a five-week trial of Australian-assembled three-wheeled electric vehicles, to take place in the Melbourne suburb of Lilydale.