The rise of renewables appears to have displaced gas among desirable sources of electricity in the Australian market. According to the Australian Energy Market Operator (AEMO), with four months of the year gone, renewables have provided 24.4 per cent of electricity in the National Energy Market. Gas provided just 7.8 per cent, slightly ahead of…
Rare earths producer Lynas Corporation has announced the restart from today of its Malaysian processing facility, following a general re-opening of the economy by the Malaysian government. The plant, which was shut down as part of national efforts to halt the spread of Covid-19, will operate at 70 per cent capacity. The company told investors:…
Australian SMEs have increased their penetration of the global F-35 Lightning supply chain with the award of a new contract to Chemring Australia. The Geelong company won a $168.4 million (USD$107.5 million) contract with the US Navy to manufacture countermeasure flares for Australian, US and international operators of the F-35. The flares are launched by…
The Australian Manufacturing Forum and @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing post Covid-19 has been overwhelmed with submissions. Jon Hayward-Wright reveals key themes from readers as he leads the task of distilling ideas into a new deal plan. Plus, Jon wants to hear from readers interested to join a small…
The Australian Manufacturing Forum and @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing post Covid-19 is now in its final week. Here Jeff Lang looks at lessons learned and the building blocks for a promising future. Australia has a rare opportunity to use the COVID-19 pandemic to reform our economy – the…
Modular data centre manufacturer and operator DXN has reported growth and cost reductions during the March quarter as it continues to execute its business plan. Cash receipts from customers were up $1.4 million on the previous corresponding period to $2.1 million. Staff numbers were reduced and the Board trimmed from six members to three, saving…
Australia’s dependence on the export of coal and gas are looking increasingly shaky as solar and wind power continue to fall in cost and threaten the future of fossil fuel use to generate electricity. According to a new study by Bloomberg, solar and onshore wind generation are now the cheapest new sources of electricity for…
Drone counter-measure manufacturer DroneShield has entered into an agreement with a provider of capital that will enable it to draw down future payments from the federal government under the R&D tax incentive scheme. The company entered an agreement with R&D Capital Partners enabling it to access funds equivalent to the majority of a payment expected…
Sleep apnea device manufacturer ResMed has reported an operating profit up 31 per cent in the third quarter as it pivots towards products used to fight Covid-19. The company reported revenues up 16 per cent on the previous corresponding quarter to $ 1.19 billion (US$769.5 million). The company, which makes sleep apnea machines and hospital…
Welding technology developer K-TIG secured a number of new customers for its welding as a service (WaaS) business during the March quarter even as its shares languish on the ASX. The company reported good progress with customer acquisition in the quarter, adding Glenfield Engineering, Aqseptence Group and John Zink Hamworthy Combustion as licencees. John Zink…
