Companies receive late MMI grant decisions – sparks IDT Australia strategic review

By Peter Roberts Companies have begun to receive belated notices from the federal government that their applications for grant support under the Morrison government’s Modern Manufacturing Initiative, with IDT Australia one that has opted for a full strategic review following news its bid for a MMI grant had failed. Industry minister Ed Husic this week…

Manufacturing news briefs – stories you might have missed

Imagion completes move to new R&D, production facility Breast cancer detection company Imagion Biosystems has moved into new facilities housing its offices, R&D activities and nanoparticle synthesis operation. The facility provides additional manufacturing capacity for its specialised MagSense nanoparticles. These are coated with tumour targeting antibodies which are used to test for HER2 positive breast…

MMI grants pass review, were politicised – Husic

The industry minister Ed Husic has announced that the government’s examination of Modern Manufacturing Initiative grants has concluded and that announced grants will now be actioned. Husic said that the review showed the 68 grants were all supported by an independent Assessment Committee and the processes adhered to the publicly available Grant Opportunity Guidelines. He…

Most people self medicating with illicit cannabis

While manufacturers are investing to increase legal production of medicinal cannabis products, most Australians are still self-medicating with illicit cannabis, according to a study by the University of Sydney’s Lambert Initiative. The third Cannabis as Medicine Survey (CAMS20) did find, however that numbers accessing prescription products have risen dramatically. The study of 1,600 people using…

Maggie Beer slims down, moves online

Maggie Beer achieved close to $100 million in sales for the year ended June 30 as its e-commerce and Hampers & Gifts Australia powered its latest results. The Tanunda, Barossa Valley company, which is divesting itself of its two dairy company assets which underperform the Maggie Beer brand, reported $10.3 million in trading EBITDA on…