Professional drivers and elite race teams are turning to simulators to stay on track and in peak racing condition as Covid continues to disrupt global motorsports events from Formula One grand prix to the latest Supercar event cancellations at Phillip Island and the 2021 GC500. So strong is the demand for simulators that it is…
Defence, security and space systems manufacturer Xtek’s US subsidiary has received an order from an undisclosed US government department. The company’s 100 per cent owned US subsidiary, HighCom Armor Solutions, received a purchase order from a federal government department valued at $1.5 million for specialist ballistic armour products. Delivery from the group’s ballistics armour brand…
With renewed focus on growing the manufacturing sector, Tim McLean takes a hard look at what constitutes Australian manufacturing and the realities of its recent track record. His conclusions include that we should focus effort on where we can compete. The past three months have provided a welcome focus on Australian manufacturing. However, as I…
Solar battery system manufacturer RedEarth Energy Storage has raised $12 million from investors in preparation for a stock exchange listing planned for next year. The capital raising for the Brisbane company was led by Ord Minnett Private Capital, Perennial Value and Thorney Investments and will be used for R&D and to boost manufacturing capacity. RedEarth…
Automated welding technology developer K-TIG has successfully completed the first round of weld testing under a Memorandum of Understanding to develop advanced keyhole welding procedures for Korea’s Hanwha Defense. Weld procedures for joining Ultra Hard Hardness and Ultra High Toughness armoured steels have been developed with hardness and tensile strength results superior to traditional MIG…
Global renewable energy company Fortescue Future Industries (FFI) has announced yet another green business venture – a joint feasibility study with fertiliser and explosives manufacturer Incitec Pivot for the conversion of ammonia production to utilise green hydrogen. The study, announced after a week in which FFI revealed plans for a $1 billion green equipment manufacturing…
The GFG Alliance has agreed to a debt restructuring for Liberty Primary Metals Australia with Credit Suisse Asset Management, ending uncertainty over the future of the Whyalla steelworks. The company said Whyalla had ‘registered record-breaking performances following its operational efficiency drive, continuous improvement initiatives and favourable market conditions underpinned by strong investment in infrastructure.’ LPMA’s…
Andrew Forrest’s Fortescue Future Industries is to construct the world’s largest electrolyser, renewable industry and equipment factory at Gladstone, Queensland FFI, which only last week announced it was designing a 1Gw solar PV factory to be sited in Australia, made the announcement of the first stage on Sunday. FFI said total investment could add up…
By Peter Roberts For several decades Australia has a series of ‘car plans’ that succeeded in reducing model proliferation in what was once a highly protected industry, creating a sector which was technologically advanced and, with the subsidy of the plan, profitable for the surviving companies Ford GM and Totoya. It made an important contribution…
Opposition leader Anthony Albanese outlined a 10 point Buy Australian vision at a NSW Labor conference on the weekend – in this excerpt from his speech, he outlines his plan.
