Building products group Boral is cutting down on work shifts and closing plants as the Covid-19 coronavirus pandemic cuts demand in all geographies in which it operates. The company told investors that most of the company’s plants were regarded as critical infrastructure and continued operating, including its US fly ash business (pictured) which is an…
Biotechnology giant CSL is experiencing some disruption due to the coronavirus as well as deploying its capabilities in the fight against the disease according to a market update. The Melbourne company told investors that expertise in three areas was being deployed to support the global response to the Covid-19 coronavirus. Immunological science, vaccinology and protein…
Comment by Peter Roberts It is infuriating that it has taken dire and deadly necessity to make politicians in Canberra wake up to the wisdom of buying locally when they spend taxpayer dollars. For decades leaders in Canberra have more or less – more in the case of the coalition and less in the case…
The federal government has launched a rapid review of the Centre for Defence Industry Capability (CDIC) to better support the ability of SME and regional businesses to access the defence market. Defence industry minister Melissa Price appointed small business ombudsman Kate Carnell and a defence department deputy secretary, Tony Fraser to determine how to better…
Professor Danny Samson continues @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing with eight keys to unlocking our manufacturing future. Send your ideas or make a submission to [email protected] Australia’s manufacturing sector has shrunk significantly over the past 30 years, in terms of share of GDP, and absolute employment numbers. But we…
Space, communications and defence manufacturer Electro Optic Systems has become the latest in the sector affected by Covid-19 to go to the market seeking new capital from investors. The company will seek to raise $144 million from a fully underwritten placement to institutional investors and a share purchase plan, with the company noting some disruption…
Lynas Corporation’s troubled rare earths refinery in Malaysia is to remain closed until April 28 following the extension of Covid-19 measures by the Malaysian government. The company has been plagued by controversy over its plant even before the virus hit, and is moving some refining operations back to its mine and processing site in Western…
Grant Anderson joins @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing in Australia with this powerful call to action. Send your submission to [email protected] Never waste a good crisis ! Why is it that we need a crisis to bring about change to policy around manufacturing? Why is it that most countries…
Bega Cheese has won a further round of a drawn-out battle with food group Mondalez International and Kraft. The full court of the Federal Court of Australia upheld an earlier trial judgement against Kraft over the use of its distinct packaging of Smooth and Crunchy peanut butters including its yellow lid. In May the Justice…
Hall Chadwick have been appointed administrators of Perth satellite IoT communications company Sky and Space Global and are conducting a preliminary review and assessment of the business. The administrators were called in after a period of voluntary suspension, during which directors sought to raise new capital from shareholders. The administrators told investors they were determining…