Australian-listed water and wastewater treatment business De.mem (ASX: MEM) has bought German wastewater company Geutec Umwelt-und Ambwassertechnik GmbH based in Essen. The Singapore-Australian company announced it had bought a 75 per cent stake of Geutec , which operates in the European industrial market, complementing De.mem’s largely Australian and Asian mining and resources clientele. The purchase…
Automotive and defence manufacturer Supashock has expanded into the United States, announcing a new office in California at an event in Washington, DC. Former defence minister David Johnston formally announced the expansion for the Adelaide company at the AUSA land warfare conference organised by the Association of the United States Army. Johnston is the Australian…
Explosives business Orica (ASX: ORI) has teamed up with miner BHP to create the world’s biggest wireless mine blast at a site in Central Queensland. The competion of a third blast in a series testing industry-leading ORICA WebGen technology has given BHP Mitsui Coal’s Poitrel Mine the title of world’s largest blast using wireless technology.…
Around the world, researchers are increasingly thinking smaller to solve some of the biggest problems in medicine. Though most biological processes happen at the nano level, it wasn’t until recently that new technological advancements helped in opening up the possibility of nanomedicine to healthcare researchers and professionals. Today’s infographic, which comes to us from Best…
Cardiovascular device manufacturer Admedus (ASX: AHZ) has sold the distribution rights to its CardioCel and VascuCel product range for $A36.2 million to LeMaitre Vascular Inc. The company, whose ADAPT engineering process produces implantable tissue bio-scaffolds for a range of cardiovascular and vascular applications, will receive $22.8 million in an upfront payment. the remainder will flow…
Young agri-business Nectar Farms will invest $220 million to build a 30 hectare glasshouse fuelled by solar PV energy at Stawell, Victoria in its first project linking power generation to mass horticultural production. The project go ahead comes after the Victorian government signed up as a cornerstone customer for the proposed the Bulgana Green Power…
With work accelerating on the 10-year, multi billion dollar Inland Rail project, benefits are beginning to flow through to local businesses and railway suppliers. The new 1,700km line, which will link Brisbane and Melbourne via regional centres, has called for expressions of interest for a number of major inputs including a requirement for sleepers for…
The Innovative Manufacturing Co-operative Research Centre is living up to its promise of driving industrial transformation, reporting $140 million worth of manufacturing research underway by June 30 this year. In its annual yearly highlights just released, CEO David Chuter reported a further $23 million of government cash had been invested alongside industry to create new…
Perth marine engineering group VEEM has grown profits in the latest financial year despite the cyclical nature of some of its big ticket defence contracts. The company, which manufacturers ships propellers, drive shafts and stabilising gyro systems, recorded net profit after tax of $2.76 million in 2019, up $500,000, on turnover of $40.7 million. EBITDA…
Australia’s gas industry is up to the challenge and opportunities presented by the increasing use of hydrogen as a fuel, according to industry players. The Australian Pipelines and Gas Association ceo, Steve Davies told the APGA annual convention yesterday that Australia’s 45,000 kilometres of high pressure gas pipelines were the optimal infrastructure to deliver gas.…