New Zealand-based but Australian-listed dairy manufacturer, Keytone Dairy (ASX: KTD) has agreed to buy Byron Bay contract dairy manufacturer, Omniblend for a minimum of $22.6 million. In a deal which could be worth an additional $30 million to Omniblend should the business reach agreed milestones, Keytone will increase its production capacity by more than 5,000…
Leading Korean lithium-ion battery manufacturer LG Chem has joined with Victorian company Envirostream Australia to develop safe and innovative recycling solutions to reduce battery waste. Describing Envirostream as “one of the pioneering recycle-luminaries”, LG Chem said in a statement the partnership would develop solutions to increase battery recycling rates, which “is an increasing threat to…
Medical device manufacturer Cochlear (ASX: COH) has announced the launch of its latest Nucleus Profile Plus Series cochlear implant, and its approval for sale in the United States by the FDA. In a series of ASX announcements today the Sydney company announced commercial availability for the implant in Germany with other European countries to follow.…
Comment by Peter Roberts If you can have more farewells than Melba, then can you have more inaugurations that Rio Tinto? The media was ablaze over the weekend with reports that Rio had completed the inauguration of its $950 million autonomous rail system carrying iron ore in the Pilbara region of Western Australia. The remotely…
Canberra and Adelaide defence equipment supplier XTEK (ASX: XTEK) has entered into an agreement with Skykraft Pty Ltd to jointly engineer and manufacture components and small spacecraft and space launcher systems. XTEK, manufactures Unmanned Aerial Systems (UAS), tactical weapons such as sniper rifles, protection equipment, and explosive ordinance disposal (EOD) robots, while Skykraft is a…
In a major development for the company, Perth international shipbuilder Austal (ASX: ASB) has been added to the S&P ASX 200 index of top Australian stocks. S&P Dow Jones announced the addition, as well as a small number of other entries and exits from the elite list of top 200 Australian shares. Joining the list…
Minerals technology company, Alkane Resources (ASX: ALK) has signed an agreement with a South Korean firm to develop new methods for refining zirconium and rare earths using an electrolytic process. Alkane, through its subsidiary, Australian Strategic Metals will invest $1.8 million in a pilot plant being developed by Korea’s Zirconium Technology Corporation. The plant will…
Australian defence and space manufacturer, Electro Optic Systems (ASX: EOS) has been added as the sixth company competing to design an upgraded weapons systems for the US Army’s Stryker armoured vehicle. Previously five US companies had been named to share funding to develop proposals to upgrade the Stryker’s weapon to a 30mm high performance cannon…
Comment by Peter Roberts A number of home truths are emerging since the surprise re-election of the Morrison government – that our economy is strong for example when it is not. But the potential for a shift in power and focus in Australia’s expanding defence industry sector from South to Western Australia has gone largely…
Melbourne medical technology business, Biotech Resources had landed a comprehensive US patent covering a revolutionary device that can rapidly detect disease carrying pathogens in the blood. The company, which is developing technology from the Monash University Centre for Biospectroscopy, has been awarded a patent covering detection of a range of disease including fungal infection, HIV,…
