With biotechnology giant, CSL in the news for its potential to manufacture Covid-19 vaccines in Melbourne the company has reported a massive profit surge for the 2020 financial year. The blood products and vaccine maker reported net profit after tax of $2.9 billion (US$2.1 billion), a rise of 17 per cent on the previous year.…
The federal government has secured the right to early local manufacture of one of the most promising Covid–19 vaccine candidates being developed in the UK by Oxford University and AstraZeneca. According to media reports the agreement allows for the production of 25 million doses of the vaccine in Australia, possibly as early as late this…
In today’s @AuManufacturing Australia’s niche champions series, Peter Roberts looks back at our most famous, and successful, niche player – hearing implant manufacturer Cochlear. If you asked any Australian to name one of the country’s global niche champions, chances are they would mention bionic ear manufacturer, Cochlear. I followed Cochlear as a reporter from its earliest…
In a turnaround for anti-dumping actions, the Chinese Ministry of Commerce has initiated an anti-dumping investigation into Australian wine exports into China. The news came in an announcement from one of the country’s largest winemakers, Treasury Wine Estates, which told investors it would co-operate with any requests it received from Chinese or Australian authorities. TWE…
Brabham Automotive’s Adelaide-made supercar, the BT62 (pictured below), is to get an equally super sound system following a link up with a fellow local manufacturer, Kyron. Brabham Automotive CEO Dan Marks said his company partners with brands which have the same focus on quality, customer engagement and which strive for excellence in their field. “Kyron,…
The Defence department is supporting Australia’s deepening naval shipbuilding industry through a new Naval Architecture programme at the University of New South Wales (UNSW) Canberra. The new programme will commence in 2022 and see up to 15 Bachelor of Engineering (Naval Architecture) students undertake a specialised stream of courses in their third and fourth year…
By Kris Gale Followers of the saga surrounding the Bill that cuts the value of the R&D Tax Incentive have a long time to wait until uncertainties are cleared up. The Bill pares back value for the Refundable R&D Tax Offset and slashes support for the vast majority of Non-Refundable Offset claimants off the back…
Hearing implant manufacturer Cochlear plunged to a loss during the 2020 financial year as its results were hit by Covid-19 and a massive patent battle loss. The Sydney company today reported a net loss of $238.3 million for the year which included $416.3 million in expenses and penalties in a failed patent battle in the…
Australia’s east coast gas users are paying prices significantly above export parity prices according to the Australian Competition and Consumer Commission. The ACCC’s Gas Inquiry 2017-2025 Interim Report shows that prices offered to domestic gas users in late 2019 and early 2020 ranged from $8 to $11/GJ. While this was down slightly from the $9…
Industrial textile producer Geofabrics has extended its range of recycled products utilised in infrastructure projects with the release of Sealmac Green. A 100 per cent Australian made nonwoven paving fabric, Sealmac Green is made from recycled plastic water bottles, reducing waste to landfill and strengthening Australia’s recycling supply chain. For over thirty years nonwoven needle…
