Aerospace composites manufacturer Quickstep has agreed final terms for a multi-year firm order from Northrop Grumman Corporation for the supply of centre fuselage components for the F-35 joint strike fighter aircraft. The order, worth $151.4 million (US$105 million), is pursuant to the existing memorandum of understanding between the two companies for the supply of components…
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…
The Australian Renewable Energy Agency (ARENA) has announced $838,000 in funding to Hardwick Processors to install a 1 MW (thermal) demonstration scale heat pump at its meat processing plant in Kyneton, Victoria. The heat pump will enable the site to produce enough hot water to operate at levels to improve product shelf life and access…
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…
FYI Resources has appointed an engineering services contract for the high purity alumina (HPA) demonstration plant it is developing in Western Australia with its partner, Alcoa. The company has appointed Hatch Engineering as an engineering services provider to support work on studies for the demonstration plant, which follows the successful operation of a pilot plant…
An Internet-of-Things (IoT) and low-cost satellite telecommunications system developed by Adelaide’s Myriota has won the Environment and Sustainability award from the Asia Pacific Spatial Excellence Awards. The company and its partners NGIS, FrontierSI and the South Australian Department for Environment and Water, developed the system that improves groundwater bore monitoring and management, dramatically increasing understanding…
The FY22 yearly results for building products group Boral make clear the massive size of the haircut the company suffered through its fumbled foray into the United States market. The company reported total revenue in FY22 was 26.9 percent below the previous financial year’s $5.3 billion at $3.908 billion. It included revenues from now discontinued…
Bone reconstruction technology company Osteopore is heading for the China market, signing a distribution agreement with Kontour (Xi’an) Medical Technology Co. Ltd to market and sell its products within the People’s Republic. Kontour is listed on the Shanghai stock exchange and is a leading manufacturer and distributor of surgical supplies across mainland China. It manufactures…
Austin Engineering will expand its range of mining excavator buckets, purchasing the business of Mainetec for upwards of $19.6 million, funded through existing debt facilities. Mainetec designs, builds and refurbishes mine buckets including the Hulk bucket range (pictured), and has significant overseas markets in the Americas which complement Austin’s own. It also manufactures rope shovels…
GFG Alliance’s mining arm, SIMEC Mining has produced its first high quality GREENSTEEL pellets that will underpin the future of steel production utilising hydrogen rather than coal at GFG’s primary steelworks at Whyalla, South Australia. The pellets were produced from the company’s Duchess South drill core in the Southern Middleback Ranges using innovative technologies proposed…
