Traditionally manufacturing has failed to gain a share of venture and even development capital. But the development of ‘capital light’ manufacturing utilising robotics and digital design is changing thinking. Here, Neil Bourne discusses how manufacturers can become investment-ready. The business press is full of stories about new SaaS and Fintech companies receiving venture finance and…
PPK Group to demerge, raises $15.4 million Diversified mining equipment and materials technology business PPK Group is to demerge its mining group. Announcing a $15.4 capital raising, PPK will spend the funds to accelerate projects applying its boron nitride nanotube (BNNT) technologies. Chairman Robin Levison and director Dale McNamara sold down shares in PPK to…
By Peter Roberts Years of deteriorating relations between Beijing and Canberra have led to the imposition of tariffs of up to 200 per cent on Chinese imports of Australian wine. Following an anti-dumping inquiry, China’s Ministry of Commerce today imposed temporary tariffs with no end date, forcing prestige winemaker Treasury Wine Estates into a stockmarket…
By Robert Giles, CEO SPC Ardmona At SPC, we are always focussed on our customers and how we can best serve them. Australian taste palettes are ever-changing, in the 1970s the humble avocado was considered the height of sophistication, today our tables are filled with foods and flavours from around the world with everything from…
Bega Cheese has greatly expanded its manufacturing and brand footprint in the food and beverage sector with the purchase of Lion Dairy & Drinks for $534 million. Bega will take over the business at the end of January 2021, adding to its cheese and spreads businesses numerous milk drinks, yoghurt, cream, and fresh juice brands.…
Ophthalmic treatment device manufacturer Nova Eye Medical has reported strong sales for its glaucoma surgical device business in the four months to 31 October. The company sold iTrack and Molteno3 devices worth $4.4 million, up from $2.6 million in the four months to 30 June when sales were affected by Covid-19 lockdowns. iTrack is a…
Rare earths producer Lynas Corp has identified further light and heavy rare earths resources at depths previously not investigated below the main orebody at its Mt Weld mine in Western Australia. Lynas has successfully established two new bores to a depth of 100 and 106 metres below the current pit floor where it encountered ‘significant…
Mitsubishi Heavy Industries will invest capital in green hydrogen developer H2U Investments and deliver the front end engineering and design study for the company’s Eyre Peninsula Gateway project in South Australia. The $240 million project, which includes a 75MW electrolyser near the regional city of Whyalla capable of producing enough hydrogen to create 40,000 tonnes…
Yara Pilbara Fertilisers which controls 20 per cent of the global ammonium trade is considering switching feedstock for its Burrup Peninsula production facility in in Western Australia from natural gas to green hydrogen. The Australian Renewable Energy Agency has published details of Yara’s $3.8 million feasibility study into production and export of renewable hydrogen and…
South Australian coal gasification company Leigh Creek Energy has made progress towards the production of urea fertilisers with the issue of a petroleum production licence by the South Australian Government. The licence envisages that commercial syngas production from the former Leigh Creek brown coal reserve in the state’s north could begin within 24 months. Leigh…
