Agricultural chemical manufacturer Nufarm (ASX: NUF) has been given the go ahead by shareholders to sell its South American division to Nufarm shareholder, Sumitomo for $1.2 billion. The Melbourne company, which has faced headwinds in Australia with the prolonged drought and in the United States with extensive flooding, received the go ahead in an overwhelmingly…
The Lytton lubricants refinery in Brisbane has seen profit halved in the past year in the downsized manufacturing arm of oil refiner and petrol retailer Caltex. The company told investors that EBIT for the lubricants and oils plant this calendar year was likely to be between $75 and $85 million, down from $161 million the…
Carbon nanotube concrete additive developer, Eden Innovations (ASX: EDE) has had its products approved for use in the US state of Vermont. The company announced the Vermont Agency of Transportation (VTrans) had approved both EdenCrete and Edencrete Pz, which improves concrete performance with a high content of pozzolans such as fly ash, slag, silica fume.…
Western Australia’s ‘battery valley’ centre for processing and manufacture of battery materials is taking shape with approval for a third facility in the Kwinana industrial area south of Perth. High purity alumina (HPA) producer FYI Resources (ASX: FYI) has been offered and accepted a site within the Kwinana area to set up an HPA refinery.…
Nerve technology developer Orthocell (ASX:OCC) has received firm commitments from institutional investors to raise $13 million in a share placement. The company, which is commercialising its CelGro nerve regeneration product, received commitments for well in excess of the figure sought from existing and new investors. The company will also proceed with a share purchase plan…
Blood products and pharmaceutical group CSL (ASX: CSL) is continuing its focus on innovation, spending more that $1.21 billion (US$832 million) on research in 2019.
THC Global Group (ASX:THC) has completed the first farm-to-pharma processing of medicinal cannabis in Australia at its Southport manufacturing facility (pictured) in Queensland. The Southport Facility is the largest pharmaceutical bio-floral extraction facility in the Southern Hemisphere and is licenced and permitted to process medicinal cannabis. THC Global CEO Ken Charteris said: “Completing this Australian…
The Australian Space Agency signed a collaboration agreement with French communications and defence company Thales this week, one of numerous such agreements with nations, states and international and local space industry leaders signed by the young agency. Agency boss Dr Megan Clarke (pictured) has been acive signing alliances and said its new agreement with space…
Holden Boss Dave Buttner has departed only 16 months into his tenure in the top job as consumers continue to desert the once top selling local manufacturer. Buttner, a former top executive of Toyota Australia, came out of retirement to create a new image for Holden post-manufacture, but will now be replaced by the sales…
Comment by Peter Roberts There is increasing evidence that Australia’s decision to ditch its indigenous experience building the Collins Class submarine and buy a completely new design from France is turning out to be a costly mistake. I have always argued that the best path for Australia would have been to build a modified Collins,…
