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…
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.…
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…
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…
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…
In-space electric propulsion developer Neumann Space has successfully tested in orbit its Neumann Drive electric propulsion system based on solid metal propellants. Neumann and the University of Melbourne announced the drive and a number of other local technologies that had been integrated onto the SpIRIT nanosatellite had been successfully tested. The Space Industry Responsive Intelligent…
Food producer and manufacturer Ingham’s Group has reported an EBITDA of $471.1 million for FY24 up 12.6 percent on FY23 as it focused on acquisitions and capability, capacity and network resilience. NPAT was up 68 percent to $101.5 million on revenue up 7.2 percent over the previous corresponding period to $3.3 billion. Inghams CEO and…
Bills to establish a Net Zero Economy Authority and Net Zero Economy Agency to guide industry and the economy’s transition to net zero emissions have passed the Senate and will soon be signed into law. The Bill establishes a new independent statutory authority to promote orderly and positive economic transformation as the world decarbonises. Billed…
Gold Coast based ship design group Seatransport and a Brisbane based technology company are developing nuclear solutions for the propulsion of strategic and disaster response vessels in remote areas. The technology company has not been named, preferring to remain in stealth mode, however they are collaborating to utilise Using Micro Modular Reactor (MMR) technology of…
Australia’s Group of Eight major universities has issued a decadal roadmap to return the nation to a necessary 3% of GDP devoted to R&D. (Download @AuManufacturing’s Towards 3% R&D e-book here) Here Dr Philip Chindamo proposes actions to boost business R&D. A thriving, innovative, and internationally competitive economy is essential to maintain our standard of…
