Services are increasingly driving profit growth for bionic ear manufacturer Cochlear (ASX: COH) in an increasingly competitive medical device market. The Sydney company sold 34,083 hearing implants in the year, down three per cent, as competitor new product launches in the United States and Germany hit sales. However sales are growing again with the launch…
Port Macquarie boat manufacturer and maritime engineering firm Birdon has won more than $700 million worth of new contracts in three months, including two contract wins in the United States.
Waste management and recycling company Cleanaway (ASX: CWY) has released a strong result for the 2019 financial year, with revenue and EBIT both up by more than 34 per cent. The company which has been expanding at a time when Australia faces a rising recycling task, reported EBIT of $217.6 million, up 45.7 per cent,…
Packaging giant Orora Limited (ASX: ORA) today reported big revenue gains and a profit jump in its latest financial year. The company, the de-merged Australian operations of the global AMCOR packaging group, saw a 12 per cent boost in revenues to $4.25 billion. The company also announced net profit was up 1.4 per cent to…
Two groups progressing to manufacture modern batteries and systems in Australia have received government funding boosts. Queensland battery system manufacturer RedEarth has received a $5 million investment from the $80 million Queensland Government Business Development fund. The investment, which matches 4.75 million raised from investors, will boost production of the company’s residential and commercial scale…
Global lead prices and fears of lead pollution are rising in the South Australian regional centre of Port Pirie as the town’s giant Nystar metals smelter enters its second prolonged period of shut down this year. The smelter has been shut since early this month when its’ top submerged lance furnace suffered damage, allowing molten…
Biotechnology and blood plasma business CSL (ASX: CSL) powered ahead in the latest financial year recording net profit of more than 1.9 billion, up 17 per cent on the year before. The Parkville, Melbourne based company expects this year to show another profit growth of seven to 10 per cent as it executes its strategy…
Lithium Australia (ASX: LIT) has successfully refined lithium phosphate from spent lithium-ion batteries (LIBs), and is proceeding to manufacture cathode powders. The company, announced it was producing lithium-ferro-phosphate (LPT) coin cells to test the performance of its re-birthed cathodes, effectively proving its novel battery recycling technologies. The Perth company has also recovered nickle and cobalt…
Australian-Israeli audio developer Audio Pixels is closer to its goal of a fully digital speaker system following the rectifying of a manufacturing fault that had held up development. The company, valued at $502 million on the Australian exchange, has been developing its digital speakers since 2006 at its Israeli technical centre. However micro-faults in the…
Leigh Creek Energy’s (ASX: LCK) success in in-situ coal gassification (ISG) at its South Australian coal deposit has allowed it to take its processes to China where it will be used to turn coal into hydrogen. The company announced today it had signed a heads of agreement with China New Energy (CNE) to form a…
