A new deal plan for manufacturing – Industry incentives, not broad tax cuts – Neville Power

The business leader charged with charting a post Covid-19 economic recovery, Neville Power, has indicated a sharp change in direction of federal government policy with an emphasis on activating industry. Power, the former CEO of Fortescue Metals and head of the National COVID-19 Co-ordination Commission told Channel 9 media that his focus was not further…

A new deal plan for manufacturing – seven areas of policy that actually work by Phil Toner

Our campaign to crowd source a new deal plan for manufacturing post Covid-19 has provoked dozens of submissions. Today Phil Toner cautions against re-inventing the wheel – we already know seven areas where manufacturing policy can work. Submissions to [email protected] Over the past decade or so there has been a global re-assessment of the neoliberal…

EOS on track to raise $144 million

Space, communications and defence business Electro Optic Systems is well on the way to raising $144 million from investors to shore up its balance sheet during the Covid-19 crisis. The Canberra company successfully completed a $134 million placement to institutional investors at $4.75 a share, a 17.4 per cent discount to the prevailing market price.…

Australian link up for industrial IoT security

By Stuart Corner Nozomi Networks — which specialises in providing security technology across OT and IT networks — has formed a partnership with Australian cyber security specialist Cyber Partners under which Cyber Partners will use Nozomi technology to underpin managed security services for operators of industrial infrastructure. Cyber Partners will offer Nozomi Networks’ full suite…

Amaero in 3D print deal for automotive tooling

Metal additive manufacturing group Amaero International has signed an agreement with a major global automotive manufacturer to jointly develop 3D printed tooling. The Melbourne company said the inclusion of additive-manufactured inserts for tools could decrease the risk of manufacturing defects by adding conformal cooling channels to the design. It said the cost benefits in reducing…

A new deal plan for manufacturing – the view from the CEO seat by Mark Vassella

The Australian Manufacturing Forum and @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing in Australia has focused on SME views. Today Mark Vassella, managing director and CEO of BlueScope Steel, focuses on trade, energy and infrastructure plus more. The disruption of global supply chains as a result of the COVID-19 pandemic has…

Incitec Pivot to retain fertiliser business

Fertiliser, chemicals and explosives group Incitec Pivot has opted for the status quo after a strategic review of its ownership of Incitec Pivot Fertilisers. The company had been considering a sale or demerger of the business but has now ceased discussions with potential buyers. Incitec Pivot Fertilisers is Australia’s largest supplier of fertilisers, dispatching around…