Chemicals and explosives manufacturer Orica has revealed a statutory net loss after tax for the year ended September 30 of $174 million in a horror market that the company described as ‘challenging’. However directors reported an underlying earnings before interest and tax (EBIT) of $427 million, which was countered by a big $382 million write-down.…
Regional Corio, Victoria-based industrial service business C6 Group is making a name for itself with a new locally-made system called Katharsis which filters the majority of viral, bacterial and fungal fine aerosols from air in buildings. Katharsis uses a combination of protective technologies for maximum effect, which C6 says is equivalent to applying a P2/N95…
By Peter Roberts The board of Australian defence communications and technology company Codan has announced a new CEO to replace Donald McGurk (pictured) who is retiring after 21 years at the helm. Alf Ianniello has big shoes to fill, with the company’s share price plunging on the announcement of McGurk’s departure in August from $17.64,…
Electric drive train and truck producer SEA Electric has decided not to go ahead with a planned factory in Victoria’s La Trobe Valley. Here Shane West laments the decision, made after the company won an order to build 1,500 electric trucks in the United States. SEA Electric began life as an all-Australian technology and manufacturing…
Maggie Beer’s stellar growth Luxury food manufacturer Maggie Beer Holdings announced group revenues for Q1 FY22 up 84.1 per cent over the previous corresponding period as its three food brands made progress and the company increased online turnover during the Covid-19 pandemic. E-commerce sales were up 154 per cent, and now make up 44 per…
Cyclotek and ANSTO have announced the launch of a Joint Venture to establish Australia’s first GMP (Good Manufacturing Practice) theranostics production facility which will produce radiopharmaceuticals for both the diagnosis and treatment of cancer. The new company Applied Molecular Therapies Pty Ltd (AMT) will aim to establish a Therapeutic Goods Administration (TGA) approved, GMP manufacturing…
Electrical engineer Ampcontrol has partnered with space tracking firm LeoLabs Australia on an ambitious $240 million project to construct new factories and upgrade others to build and maintain sophisticated radar systems. Dubbed the Aussie Space Radar Projct (ASRP), the project comes with a direct $160 million investment by LeoLabs Inc – the largest investment by…
By Peter Roberts Andrew Forrest’s Fortescue Future Industries (FFI) has made good with its initial promises to pivot its iron-ore business to build what the company hopes will become the world’s powerhouse in green energy industries. It was only on January 26 this year that Forrest stunned the business world when he made an impassioned…
Chemicals and explosives business Orica is to invest $37 million to reduce greenhouse gas emissions at its Kooragang Island, Newcastle manufacturing operation by 48 per cent. The facility includes an ammonia plant, three nitric acid plants, two ammonium nitrate plants and a product dispatch facility and is one of Orica’s key manufacturing sites. The company…
An industry research project to develop new systems for precision handling of heavy loads such as the installation of giant wind turbine blades in strong winds has progressed to proof of concept testing. Backed by $178,000 in commercialisation funding from the Advanced Manufacturing Growth Centre (AMGC), lifting and load orientation products manufacturer Verton’s Windmaster is…
