Investors back Blackmores capital raising

Sydney premium vitamin manufacturer Blackmores has found strong investor support for its capital raising with a share purchase plan closing significantly over-subscribed. The company had beem planning to raise $25 million but received applications from existing shareholders for new shares worth $77 million. The company decided to scale back allocations to individual investors on a…

Quickstep manufactures Harrier parts under contract to Boeing

Composites manufacturer Quickstep Technologies has supplied the United States Marine Corps’ AV-8B Harrier fleet with 260 urgently needed, obsolete aircraft parts. Sydney-based Quickstep produced the parts for the vertical short takeoff and landing (V/STOL) aircraft on short notice under a contract with Boeing Global Services. Originally built by McDonnell Douglas, the Harrier II is a…

New satellite ground station is fully indigenous built and owned

Indigenous Business Australia has built a satellite ground station at Alice Springs – the first development of its kind on aboriginal owned land. The ground station, fully built, project-managed and owned by indigenous companies, will transform Australia’s capability in earth observation. The new infrastructure has the potential to reduce the latency for high resolution earth…

Austal delivers 118-metre trimaran ferry

Perth shipbuilder Austal has delivered the first of two 118 metre long car and passenger ferries to shipping line Fred Olsen Express. The Bajamar Express (pictured), part of an order worth $190 million, was handed over at a ceremony held at Austal’s shipyard at Henderson, south of Perth. The aluminium trimaran, capable of transporting more…

LBT Innovations signs up Europe distributor

Microbiology diagnostic device manufacturer LBT Innovations has signed up leading diagnostics group Beckman Coulter as its distributor for the European Union. The company has been commercialising its APAS Independence laboratory instrument (pictured below), an imaging, interpretation, sorting and reporting machine that automatically examines culture plates for the presence of bacterial colonies. Beckman Coulter has signed…

New Touch Industries invests in quality

Melbourne’s New Touch Industries is investing in a new laser cutting and warehousing machine which will produce a better quality product. The company, which makes everything metal from the crown signs on Crown Casino to street benches and rubbish bins and fuel tanks for armoured vehicles, received a $100,000 federal grant. Managing director Brad Drury…