S&P Dow Jones is rebalancing its S&P/ASX stock indices which are based on market value on June 22, with manufacturers featuring in the changes. Amcor PLC will drop out of the S&P/ASX top 20 index following the demerger of its domestic and international businesses into locally-focused Orora and the global Amcor group. Gaming machine manufacturer…
Incitec Pivot in big capital raising Fertiliser and explosives business Incitec Pivot has raised $57.7 million in capital from existing shareholders under a share purchase plan. The company, which like many manufacturers is shoring up its balance sheet, previously raised $600 million from an institutional placement. Incited Pivot operates 20 manufacturing plants in the US,…
Advanced technology developer Archer Materials has developed portable hardware systems to interface with its novel graphene based biosensor which is being developed to detect the presence of disease. The company created the biosensor components (pictured) using water-based graphene ink printed on a clear substrate with electrodes with micron-scale features. Archer said in a statement that…
By Peter Roberts A new company made up of experienced global car industry executives has been formed to produce hydrogen vehicles at facilities at Port Kembla in New South Wales. The new company, H2X Australia, to be revealed to the general media later today, has developed several prototypes powered by a hybrid powertrain of hydrogen…
H2X Australia which plans to begin manufacturing hydrogen vehicles in Australia is led by Brendan Norman, an experienced industry executive who has worked for BMW and VW in Australia and Asia. When working in China he and partner, designer Chris Reitz, formed Grove automobiles in partnership with China’s Institute of Geoscience and Environment. Reitz was…
Technology developer BNNT Technology has succeeded in producing high purity boron nitride nanotubes in commercial quantities. The company, part of the diversified PPK group, is producing 10 grams a day of nanotubes from a single furnace and at 99 per cent purity. Boron nitride nanotubes are a cutting edge new material similar to carbon nanotubes,…
Two of Bisalloy Steels high-performance armour steel grades have passed stringent German Government certification after two years of research, development and testing in collaboration with Rheinmetall Defence Australia. This qualifies the steel to be manufactured for Rheinmetall’s Australian-built BOXER 8×8 Combat Reconnaissance Vehicles (CRV) (pictured), for export to customers including Rheinmetall in Germany. Bisalloy developed…
Several leading Australian retailers have committed to providing customers with a wide range of genuine Australian products in-store and online. Partnering with the Australian Made Campaign (AMCL) are Coles, Woolworths, Aldi, Harvey Norman, Berkowitz Furniture, Forty Winks and Bev Marks.. Australian Made Chief Executive, Ben Lazzaro, said: “Australia’s leading retailers are helping to support our…
Australian Strategic Materials is pressing ahead with its Dubbo, NSW rare earths project with ambitious plans to value-add the strategically important materials in Australia. The company, a subsidiary of listed miner Alkane Resources, is developing the Dubbo deposit containing zirconium, rare earths, niobium and halfnium. These are minerals critical to advanced industries with more than…
International mining engineering firm Austin Engineering is reviewing its South American operations following the loss of a key contract due to a mine stoppage sparked by Covid-19. The company told investors a repair contract had been terminated in Columbia by mutual consent forcing the retrenchment of more than 200 employees. Entitlement payouts of $1 million…
