Unmanned aircraft engine manufacturer Orbital achieved earnings before interest and tax of $2.6 million on revenue up in what was a transformative year for the company to $33.8 million. The Perth company was named primary engine supplier to Boeing subsidiary Insitu during the year and brought its second Insitu engine model into production. A third…
Composites manufacturer Quickstep Holdings grew sales, margins and profits in the 2020 financial year as all key production contracts in defence and aerospace achieved growth. The Bankstown, Sydney-based company booked earnings before interest and tax (EBIT) of $4.6 million on sales up 12 per cent for the year to $82.3 million. Sales margins rose 25…
Peak employer body the Australian Industry Group has released a series of policy papers that include a call for Australia to move decisively towards net zero emissions by 2050. AiGroup aligns itself with the states, all of which have zero emissions targets, and against he federal government which is resisting the transition towards renewable energy.…
The Academy of Technology and Engineering (ATSE) has expressed ‘serious concern’ at the Australian government’s decision to limit the scope of Round 10 of the Cooperative Research Centres programme’s CRC-P Grants. Academy president Professor Hugh Bradlow said Canberra should address concerns raised earlier in the week by by ATSE Fellow Dr Tony Peacock who is…
Bisalloy’s profits up 45 per cent High strength steel manufacturer Bisalloy Steel has grown earnings before interest tax depreciation and amortisation (EBITDA) 45.9 per cent in FY2020 as efficiencies and markets grew. The company reported sales up 12.8 per cent for the year to $110.7 million as domestic sales grew 30 per cent. While its…
Australian Strategic Materials’ (ASM) joint venture partner has produced 20.8 kg of high purity titanium metal, with a purity of 99.83 per cent (pictured). South Korea’s Zirconium Technology Corporation (ZironTech) produced the metal, confirming the energy usage at approximately 30 per cent of the standard titanium industry processes. The company’s metal technology energy usage is…
Mining equipment manufacturer Austin Engineering saw the good times return in the 2020 financial year resulting in a jump in profits. The manufacturer of truck bodies and mining tools reported earnings before interest and tax depreciation and amortisation (EBITDA) up 34 per cent to $19.9 million delivering a net cash flow of $24.1 million. Revenue…
Metal additive manufacturing company Amaero International has won an order from automotive component manufacturer Samvardhana Motherson Reflectec for prototype mirror components. SMR Automotive, which makes rear view mirrors and intelligent camera systems, has ordered the components for a new SUV vehicle build. Amaero said: “Additive manufactured prototypes enable the product design to be evaluated for…
The federal government has announced a $1 billion Covid-relief package of defence sector works which includes some wins for manufacturers. While much of the new spending is for infrastructure and other defence base works the cash will also: Accelerate the sustainment of ADF platforms and capabilities, including the upgrade of Thales Bushmaster protected mobility vehicles…
@AuManufacturing’s Australia’s niche champions series looks at ResMed, a company whose success owes more to business acumen than technology. By Peter Roberts. There is no doubt the development in 1981 by Professor Colin Sullivan of the University of Sydney of continuous positive airway pressure (CPAP) therapy for sufferers of sleep apnea has changed lives around…
