No country can have a viable manufacturing sector without a machine tool industry. That machines are the foundation of the sector is a concept well understood in the past, but little appreciated by political or even many business leaders today. @AuManufacturing will host a CEO roundtable at National Manufacturing Week 2019 that explores our machinery…
Major investment by Perth shipbuilder Austal (ASX: ASB) in its Philippines yard is paying off with the delivery of a second large passenger ferry for Taiwan’s Brave Line. The yard, trebled in size since opening in 2011, delivered its second 50 metre high-speed catamaran ferry capable of carrying 550 passengers. At the same time construction…
The Australian-listed company that brought you the hemp burger remains frustrated in Australia despite being close to its goal of profitability internationally, according to the company. Elixinol Global (ASX: EXL), listed in Australia with a market capitalisation of $632 million but headquartered in the United States, just reported revenue of $11.7 million for the first…
Canberra optics and weapons systems manufacturer, Electro Optic Systems (ASX: EOS) has denied its powerful weapons systems have been deployed in the bloody conflict engulfing Yemen. As reported in @AuManufacturing, EOS was criticised for a $450 million arms sale to the UAE which many believe will end up being used by Saudi Arabia against rebels…
Perth wave energy developer, Carnegie Clean Energy (ASX: CCE) appears to have avoided oblivion after creditors approved a restructuring and recapitalisation plan to save the business. The plan, developed by KordaMentha Restructuring acting as administrators of Carnegie, will see secured creditors swapping debt for equity and the raising of $5 million. Unsecured creditors will likely…
Tyre recycler Green Distillation Technologies, which has developed world-first technology that transforms old tyres into oil, carbon and steel, is pressing ahead with plans for its second plant. The company has received approval for a plant proposed for Toowoomba from the Queensland Department of Environment and Science, adding to their existing facility at Warren, NSW..…
It all started with a bang…the big bang! The explosive power of hydrogen fueled a chain reaction that led to the Universe we have today. Now this power is being deployed on Earth to supply the energy needs of tomorrow. For Australia, solar powered splitting of water into hydrogen, and exporting it to Asia in…
Medical technology group, Compumedics (ASX: CMP), has won a major new contract in the United States for its world-leading computerised medical monitoring systems. The company, which develops and manufactures a range of medical devices and systems for sleep, brain and ultrasonic blood flow monitoring, installed Australia’s first computerised sleep clinic in 1987. Now it has…
Comment by Peter Roberts British businessman Sanjeev Gupta has announced a restructuring of his iron and steel making empire, using the very same strategy employed to build Australia’s steel industry, but on a global stage. As reported by @AuManufacturing, Gupta’s GFG Alliance is restructuring its UK steel and engineering assets, the Liberty Primary Steel works…
Biotechnology start-up Next Science (ASX: NXS) has shown Australian investors are prepared to support a research based manufacturer with an impressive debut on the stock exchange. Shares in Sydney-based Next Science, which carries our research and operations in the United States, rose 35 per cent on listing last week to $1.35. More than $35 million…
