Australian laser systems manufacturer Norseld has acquired the photonics capabilities of BAE Systems Australia, at the same time taking over contracts for key defence platforms. The photonics acquisition complements Norseld’s existing capabilities in medical laser and diamond coating for a range of industries including medical, optics, defence and space sectors. Norseld CEO Peter Shute (pictured)…
Like many manufacturing leaders, PFi group CEO Gavin Dunwoodie (pictured) is short of staff and is investing in ways to utilise existing staff better as well as in recruiting, training and retaining new ones. But so bad was the situation in 2022 he took to advertising on a billboard (pictured, below) along with fellow Queensland…
Melbourne biotechnology giant CSL has hit back at doubters posting a massive rise in revenues for the year. The company, which has been questioned by analysts about its recent acquisition of the Vifor pharmaceutical business, reported revenues up 31 percent at constant currency value to $13.31 billion for FY23. Sales for CSL Vifor in the…
Hearing implant manufacturer Cochlear has revealed that sales jumped 19 per cent, or 16 percent in constant currency terms, in the year ended June to reach $1.96 billion. Sales were driven by the release of new products and as clinicians caught up with implant surgeries postponed during the Covid-19 pandemic. The company, which launched its…
Developer Commercial & General has begun construction of a new $31 million manufacturing, warehouse and office facility in Adelaide for defence contractor Babcock Australasia. The Torrens Road, Adelaide site will include a 4,000m2 purpose-built manufacturing and maintenance building that will underpin Babcock’s delivery of support to land and naval defence programmes including in-service sustainment for…
Bathroom and kitchen fittings manufacturer GWA has increased its net profit on revenues slightly down for the year ended 30 June. The company which manufactures the Caroma, Methven, Clark and Dorf brands reported statutory net profit up 22.7 percenmt to $43.2 million on group revenue down 1.6 percent to $411.8 million. Normalised net profit after…
Perth luxury shipbuilder Silver Yachts has begun construction of two SpaceCat luxury catamaran yachts. With a unique design by naval architect and designer Øino, the 36 metre SilverCat Series offers style, space, performance, and value that is exclusive in the market, according to the company. Best known for its large single-hulled super yacht designs such…
Energy storage company 1414 Degrees has commissioned its SiBox Demonstration Module (SDM), marking a key funding milestone in the SiBox Development Agreement with Woodside Energy Technologies. The commissioning phase involved extensive trials, demonstrating the SiBox molten silicon energy storage system’s ability to convert electric energy into a controlled very hot air stream suitable for industrial…
By Peter Roberts The Sorbent Paper Company has called for staff to nominate for voluntary redundancy in preparation for the closure and offshoring of some operations at its Box Hill, Victoria plant. The company did not say how many of its 400 Australian staff would be affected, however it said voluntary redundancies were the first…
Building materials suppliers James Hardie Industries and Boral have both reported bumper results this week, including volume and margin growth, as companies learned to live with uncertain economic times. Hardies, listed in Australia and New York but with executives based in Chicago, Illinois, reported first quarter FY24 results including record global earnings before interest and…
