South Korean legislators have called for closer cooperation on defence industry in a session at the ROK National Assembly attended by Australia’s ambassador to Korea Catherine Raper and Labor MP Jerome Laxale. Professor Kim Woosang, Professor of Political Science and Diplomacy at Yonsei University in Seoul, called for the establishment of a robust defense, industry…
Rapid welding technology manufacturer K-TIG’s welding processes have been selected as a potential alternative to conventional gas tungsten arc welding (GTAW) of pipe joints for the US nuclear submarine construction programme. K-TIG’s Keyhole TIG / GTAW welding technology, originally developed by CSIRO, has been selected for trials by the US’s prime contractor and lead design…
By Peter Roberts Sydney vitamin manufacturer Blackmores has fallen victim to foreign takeover and will be removed from listing on the ASX. Japanese company Kirin Holdings, best known as a beer and beverage group, is to buy the company in a takeover valuing the business at $1.8 billion. The friendly takeover by the member of…
By Peter Roberts It seems state governments are back in the venture capital game, and brazenly so. Provision of venture capital with its inherent risks and risky lending by state banks was on the nose only recently with the collapses of government ventures ranging from the Victorian Economic Development Corporation to the South Australian State…
Weapons systems made by Australia’s Electro Optic Systems and DroneShield are to be provided to Ukraine under a soon to be announced $1.3 billion aid package, according to media reports. Reuters reported that the new order would include defenses, counter-drone systems, exploding drones and ammunition. Among the systems to be delivered under the Ukraine Security…
This week’s report from the Productivity Commission targeted Australia’s energy policies as a form of industry assistance – anathema to the dry economic policy group. Here, Roy Green finds the Commission out of touch with Australia’s needs. This is another tiresomely predictable and formulaic report from the Productivity Commission. Ironically it takes issue with the…
By Peter Roberts That old industrial relic the Productivity Commission has released its latest Trade and Assistance Review, 2021-22 (TAR), and you have to hand it to them, they are really on the ball. Having spent past decades searching out the evil of tariffs and non tariff trade barriers, they have now woken up to…
The Australian PV (photo voltaic) Institute (APVI) will examine opportunities in Australia for the development of elements of solar PV supply chains. The APVI, a non for profit member body that provides data analysis and collaborative research, has already conducted a market assessment report which expressed concern about Australia’s reliance on China for solar PV…
Global work and surgical glove manufacturer Ansell is embarking on a major productivity push as sales continue to be dampened as distributors reduce glove inventories built up in the wake of the Covid-19 pandemic. The Melbourne-based manufacturer told investors the effects of channel partners and end customers reducing high levels of inventory over the past…
Avionics and mission-critical electronics manufacturer Thomas Global Systems will supply Power Distribution Units (PDU) and other electronics as part of Northrop Grumman’s rollout of its Integrated Battle Command System (IBCS) for the US Army. Northrop Grumman’s IBCS integrates a multitude of sensors and connectors to enable joint, multi-domain command and control. Sydney-based Thomas Global is…
