Magnis Energy Technologies (ASX: MNS) has reaffirmed its commitment to financing a $2 billion lithium-ion battery cell gigafactory in Townsville being developed by Imperium3. The company lodged its feasibility study for the an 18GWh mega factory to be built in three stages with the Queensland government in October. Magnis, which owns a third of Imperium3,…
Only a day after its shares plunged 18 per cent on bad news, hearing implant manufacturer Cochlear has been hit again by more adverse news. But instead of falling further, by late this morning the company’s shares had risen 0.85 per cent or $1.49 to reach $176. On Monday @AuManufacturing reported that Cochlear had abandoned…
Australian Vanadium’s ambitions to mine and process vanadium from its mine in Western Australia have brightened with the completion of a critical stage of pilot plant tests. The company’s pilot plant at Balcatta in Perth treated 20 tonnes of ore and validated and optimised the grinding, separation, thickening and concentration steps achieving up to 76…
A collaboration of boat builders, niche manufacturers and experienced former defence personnel has launched the first of two Whiskey Project tactical boats the makers are offering to the armed forces. The first, the Alpha85 (pictured) broke cover late in 2019 and has been tested by interested parties and the media. Built by sailing boat builder…
Keyhole Tig welding developer K-Tig has announced a change of leadership as the company’s share price languishes at an all time low. The company, which manufactures patented, high productivity welding equipment and offers welding as a service, announced David Williams had been replaced as executive director by experienced international executive Mark Twycross. K-Tig issued a…
Bionic ear manufacturer Cochlear has been forced to abandon its profit predictions for the year because of mass postponements of implant surgeries in the United States and Europe. The Sydney company told investors this morning it was withdrawing its earnings guidance due to ‘short-term negative impacts.’ China’s health response to the virus is not at…
Analysis by Peter Roberts It was only in February 2019 that the board of industrial scale 3D printing company Titomic decided on a subtle change of direction that is now paying off for the Melbourne-based business. Instead of jostling the dozens of other manufactures of 3D printers for a share of the printer market, it…
Adelaide’s Redarc Defence Systems has demonstrated the wisdom of its growth from automotive supplier to defence contractor with a new order from Norwegian contractor, Kongsberg Defence Australia. The company has selected Redarc Defence to supply electro-mechanical components for the National Advanced Surface to Air Missile System (NASAMS) capability for the Australian Army. Redarc, which has…
Building products group Brickworks has revised its likely profit downwards following a similar downgrade by the listed investment house Washington H. Soul Pattinson. Brickworks, which owns 39.4 per cent of Soul Pattinson as well as substantial property investments, said it expected to report a net profit after tax for the first half ended 31 January…
Only some river-side cladding work remains to be done on one of the largest buildings ever constructed in Australia – the Outfitting and Ship Erection Hall at the Osborne South shipyard on the banks of the Port River in Adelaide. The hall – 187 metres long, 87.4 metres wide and 50 metres high (main picture,…
