Innovative X-ray machine manufacturer Micro-X has ramped up production of its Nano device following a Covid-19 jump in demand. The company confirmed it was committing $4 million to ramping up production at its Adelaide plant following a $15 million capital raising from institutional backers and a subsequent share offer to existing investors. The Nano, the…
The end of the financial year is fast approaching, but manufacturers still do not know when controversial cuts to R&D tax incentives will apply. With the Covid-19 pandemic highlighting the role of innovation, Kris Gale calls for the federal government to abandon its reforms. The federal government is to be congratulated for announcing additionally flexibility…
New materials developer Talga Resources has revealed more details of its deal with Bentley Motors to jointly develop a single unit electric vehicle drive train or e-axle. The deal, previously announced in @AuManufacturing, will see the company develop technology and materials with the ultimate aim of creating a new electric motor that utilises aluminium windings…
Defence supplier Safran Electronics has subcontracted Adelaide-based Acacia Systems and Western-Sydney based Thomas Global Systems for the design of the Optronics Search and Attack, Navigation Radar and Navigation Data Distribution systems for the new Attack class submarines to be built in Adelaide.
SME manufacturers are joining the rush to equity markets to help shore up their finances as the Covid-19 pandemic clouds the economic future. Keytone Dairy Corporation is the latest to announce a capital raising on the Australian exchange, succeeding in raising $12.5 million through a share placement with sophisticated investors. New shares are to be…
Australia has boosted its investment in medical research, but neglected those in engineering and manufacturing. Here, John H Howard, managing director of Howard Partners, calls for a national commitment to engineering and technology renewal. Australia is looking to rebuild its industrial base to achieve greater self-sufficiency in manufacturing. But we are seriously underinvesting in creating…
Farm to pharmaceutical cannabis group THC Global has bought Tetra Health, a leading Australian clinic network giving it access to a potential 10,000 patients. The company, which operates two growing facilities and a pharmaceuticals biomanufacturing facility (pictured), bought Tetra for an undisclosed sum Tetra comprises 600 referring physicians, 30 prescribing physicians and a national network…
Fertiliser and explosives business Incitec Pivot has become the latest large manufacturer to tap the capital markets for new equity to tide it thorough the Covid-19 pandemic. The company has successfully placed $600 million in new equity with institutional investors in a fully underwritten offering at $2 a share. It now plans to raise an…
Additive manufacturing group Amaero International and Fletcher Insulation will jointly develop a 3D printing application to provide superior tooling. Amaero CEO Barrie Finnin said the two companies would print tooling and test it under full operational load. Fletcher, the manufacturer of Pink Batts and Sisalation, and Amaero will jointly develop the new tooling production technique…
New materials developer Lithium Australia has completed short duration glasshouse testing of fertilisers with added micro-nutrients derived from recycled alkaline batteries. The Perth company reported plant uptake of zinc and manganese was in line with expectations for oxide materials. More than 6,000 tonnes of alkaline batteries are consumed nationally each year, with 97 per cent…
