Recently listed carbon fibre composite wheel manufacturer Carbon Revolution is aiming to be EBITDA positive in the last quarter of the financial year as it continues to ramp up production. In its first report as a public company Carbon Revolution reaffirmed its aim of total revenue for the year of $62 million and production of…
Perth shipbuilder Austal has come of age as the leading builder globally of large high-speed vessels with stellar results in the first half of the year. The company reported an EBIT jump of 48 per cent to $59.9 million for the half on turnover up 22 per cent to $1.039 billion, a record for the…
Uncertainties in the recycling sector did not prevent waste management group Cleanaway increasing revenue and profits during the year. The company reported EBITDA up 2.5 per cent in the first half to $234.6 million on sales up 4.1 per cent to $$1.19 billion. The company’s $671 acquisition of Toxfree Solutions and subsequent integration into the…
Industrial and healthcare glove manufacturer Ansell offered shareholders their 16th year of continuous dividend growth after the six months ending 31 December provided evidence of solid, but subdued growth. Ebit for the first half was up 4.8 per cent to $137.2 million (US$91.8 million) on sales up 3.9 per cent to $1.13 billion allowing the…
Chemicals and explosives group Orica will take the lead in the Latin American explosives market buying Exsa, Peru’s leading manufacturer and distributor of industrial explosives. Orica will pay $302 million to penetrate the region’s fastest growing market and create a step-change in the company’s manufacturing footprint. As part of the deal Orica will integrate into…
A beverage maker, packaging group and waste management company will jointly develop a plastic pelletising plant in Albury/Wodonga to close the loop and contribute to a circular economy. Pact Holdings, Cleanaway Waste Management and Asahi Beverages plan a facility to process up to 28,000 tonnes of plastic bottles and recyclables into flake and food grade…
Robert Bosch Australia has begun construction of a new $17 million Melbourne plant to house its Bosch Manufacturing Solutions operation which advises manufacturers on automation strategy and builds automation equipment and special purpose machines The company announced today that the first sod had been turned on the construction which will also house the company’s Rexroth…
Hearing implant manufacturer Cochlear today reported strong growth in both implant numbers and sales revenues in the first half of the financial year which did not translate into profit growth, despite a boost from revaluing its portfolio of innovation investments. The Sydney company reported the number of Cochlear implants sold was up 13 per cent…
Comment by Peter Roberts One by one the bastions protecting the fossil fuel industries are falling, driven by economics it seems as much as by a wish to protect the planet. Household and grid-scale solar and wind plus battery and pumped hydro-storage have displaced the necessity of using dirty oil and gas from our homes,…
Victorian dental products manufacturer Southern Dental had given investors something to smile about with a record December half. The company reported after tax profit up 11.9 per cent to $3.5 million, on turnover up 7.7 per cent to $40 million as the company continues to benefit from its strategy to develop new products in the…
