Perth international shipbuilder Austal has built on its growing global marine support business with the purchase of ship repair and support business BSE Maritime Solutions for $27.5 million. BSE has customers in defence, commercial, tourism, and luxury vessel sectors and services customers including Australian Border Force, BAE Systems, Thales and Svitzer in Cairns and Brisbane.…
National bus manufacturer Custom Denning is completing the build of Australia’s first locally designed and built electric and hydrogen/electric buses at their St Marys, Sydney facility. Available for delivery from March 2021, the first of five prototypes have begun production with completion due in November and December 2020, when they will be trialled with a…
Government opens consultation period for six manufacturing priority areas On Friday the Commonwealth government announced it was seeking input to develop ten-year road maps for each of the six manufacturing sectors identified in its recent policy launch — resource technology and critical minerals processing, food and beverage, medical products, recycling and clean energy, defence, and…
Steelmaker BlueScope has told investors that it expects underlying earnings before interest and tax (EBIT) of around $340 million for the current half year, a 30 per cent increase over the first six months of 2020. Managing director Mark Vassella said: “Despite the global disruption caused by Covid-19, we’ve had a solid performance from all…
Perth shipbuilder Austal has sensationally ‘updated’ its own stockmarket statement and now acknowledges that an inquiry is underway ‘with respect to payment of an outstanding milestone payment/s by Australian Border Force for the Cape Class programme in 2015’. The company had earlier strongly refuted claims made in the media that an investigation into $39 million…
Carbon fibre composite road wheel manufacturer Carbon Revolution continued to grow in the March quarter despite the Covid-19 pandemic. The company announced revenue of $11.8 million, up 26.3 per cent from the previous corresponding quarter, and 45.9 per cent up on the fourth quarter of FY20. The company sold 4,425 road wheels in the quarter,…
Industrial scale additive manufacturing company Titomic will supply tooling carbon fibre parts produced using its Titomic Kinetic Fusion process to UK-based Hockley Pattern & Tool. The companies see the deal as a foundation for future opportunities, as they will work collaboratively to deliver Titomic managing director, Jeff Lang said: “TKF for tooling has been proven…
Shipbuilder Austal has been forced to respond to claims in Channel 9 media that the ‘Australian Border Force is the target of a corruption investigation over allegations that it improperly funnelled $39 million’ to the Perth company. The sensational claims were said to involve payments associated with the construction of patrol boats for the force.…
The Australian Nuclear Science and Technology Organisation has suffered a second incident at the Lucas Heights reactor which has interrupted supply of a critical isotope used in nuclear medicine. The Guardian reported a fresh incident at the reactor had interrupted supply of molybdenum-99. Mo-99 is the parent isotope of Technetium-99m, which is used in hospitals…
The local oil refining sector has shrunk to parlous levels, while national airline Qantas has a need to reduce its carbon emissions. Shane West ponders how both issues could be tackled by a move to refine jet fuel from local crude oil. This is a great opportunity to bolster the Australian refining industry and reduce…
