There have been media reports that Sanjeev Gupta’s GFG Alliance approached federal and state governments for a government guarantee to aid the Whyalla smelter’s restructure and expansion. Todays’s report, in The Age and Sydney Morning Herald, reported sources who claim an informal approach was made to a joint Commonweath/South Australian taskforce about the possibility of…
Australasian dairy powerhouse a2 Milk (ASX: A2M) boosted revenue and profit in the 2019 year by more than 40 per cent as increased marketing expenditure took effect. The company spent 10 per cent of sales or NZ$135 million on marketing which helped China sales and pushed infant formula sales past $1 billion for the first…
Railcar manufacturer Alstom will build a new railcar manufacturing facility at Bellevue in Perth following the award of a major new order from rail operator Metronet. Western Australian Premier Mark McGown made good his pledge to bring railcar manufacturing to WA with the naming of Alstom as preferred bidder to make 246 new C-series railcars…
By Peter Roberts Silently, with only a warning beep-beep, the first ACE-EV electric cargo van to be assembled in Adelaide rolled out for its media debut early this morning. The venue – the Tonsley innovation centre housed in the former Miitsubishi Motors main assembly building – was ripe with irony, a massive industrial structure now…
Cardiovascular disease monitoring technology company USCOM has posted a smaller loss for the 2019 financial year following the reorganisation of manufacturing. The company, founded in 2000 on cardiovascular research by at the University of Queensland, reported revenues of $3.64 million and total costs of $4.3 million. UNSCOM makes a range of non-invasive cardiovascular and pulmonary…
Carbon nanotube concrete developer Eden Innovation has made its first sale into the bridge repair market in the United States. The company has added to its road repair projects that first took it into the US market with trials to be conducted using EdenCrete to repair bridges identified in the state of Georgia. Edencrete will…
Integrated steelmaker BlueScope (ASX: BSL) has reported its third successive underlying profit of more than $1.1 billion despite a slowdown of sales in Australia. The company today reported an underlying EBIT of $1.35 billion, up six per cent, and a net profit after tax of $1 billion. CEO Mark Vassella said: “Despite some softening in…
Analysis by Peter Roberts It was only a matter of time before politics and Australia’s expanding defence industry sector were going to mix in the type of dilemma that appears to be facing Australian global shipbuilder, Austal (ASX: ASB). The company has been named as a possible purchaser of a major traditional shipyard in the…
Boeing Australia is accelerating development of the Loyal Wingman unmanned aerial vehicle the company is developing in Melbourne and Brisbane for the RAAF. The company has advanced laboratory and prototype development in preparation for first flight of prototypes next year. Boeing has fielded 15 autonomous test bed aircraft to refine autonomous control algorithms, data fusion,…
Queensland medical device manfacturer Oventus (ASX:: OVN) has won two new customers in the United States for its O2Vent sleep apnea treatment device. The company announced Delaware Sleep Disorder Centres and Reliable Respiratory would adopt the company’s O2Vent device as an apnea treatment across 10 US health centres. A minimum of twenty devices will be…
