The vital role of leadership in business transformation

Forum member Adam Salzer OAM reports on the readiness of boards and especially Chairs of companies to truly transform their businesses. The Australian Transformation and Turnaround Association (AusTTA) has conducted extensive research into what are the Best Practices at Board level that are required to lead a complex organisation fundamental Transformation. Data gathering included surveys…

F-35 maintenance contracts awarded locally

A number of defence suppliers have been awarded contracts to repair, maintain and upgrade components on the F-35 Lightning fighter plane now coming into service with the RAAF. Announcing the contracts, defence minister, Christopher Pyne and defence industry minister, Steven Ciobo said they were evidence of the global competitiveness of Australian industry. Most were regional…

ResMed introduces new mask design

Medical technology leader ResMed Inc (ASX: RMD) has introduced a new top-of-head-connected nasal mask for sleep apnea sufferers. The new AirFit N30i mask connects to the company’s continuous positive air pressure (CPAP) machines at the top of the skull, allowing patients to move more freely during the night. The mask, just launched in the key…

Vestas to make wind turbines in Geelong

Danish renewable energy giant, Vestas is to establish a wind turbine manufacturing plant at Geelong, Victoria in association with a local precision engineering firm. Vestas has partnered with Marand Precision Engineering to turn the former Ford stamping plant into a plant capable of making 4MW Drivetrains and Hubs and component testing for the Dundonnell and…

New defence exports legislation likely

The federal government has committed to developing new legislation to tighten defence export controls following a review of the Defence Trade Controls Act 2012. Defence minister Christopher Pyne said today that Dr Vivienne Thom had completed her review of the act which controls the supply and, in some cases, publication of sensitive defence technologies. Releasing…

First Graphene applies to market new material in Australia

Perth new materials manufacturer First Graphene (ASX: FGR) has taken regulatory action to sell its PureGRAPHENE material in Australia. The company has applied to have PureGRAPH assessed by The National Industrial Chemicals Notification and Assessment Scheme (NICNAS). This is a precursor to having the carbon based nanomaterial listed on the Australian Inventory of Chemical Substances…

CSL boosts sales, profits

Biotechnology giant, CSL Ltd (ASX: ) boosted sales by 11 per cent and earnings by six per cent in the first half of 2019, according to a statement released to the stock exchange today. The company reported sales revenue of US$4,505 million (Aud$6.300 million) and earnings before interest and tax (EBIT) of $1,553 ($2,160 million)…