Listed food manufacturer Longtable, which makes the Maggie Beer range of luxury products, has stepped up its online business as Covid-19 lockdowns and restaurant closures affected sales growth, with the downturn especially apparent in April. The Barossa Valley company told investors that its St David Dairy and Paris Creek dairy businesses had been hit by…
Biotechnology giant CSL has announced the outsourcing of operations in its latest new manufacturing facility now nearing completion in Lengnau, Switzerland. The Melbourne company told investors that after a strategic review it had entered a long term strategic partnership with science service provider Thermo Fisher Scientific to lease its new state of the art biotech…
The Australian Made Campaign Ltd (AMCL), the organisation responsible for the famous Australian Made log, has urged all Australians to buy Australian made goods and Australian grown foods. Australian Made Chief Executive, Ben Lazzaro made the call when announcing a new buy local campaign tag lined ‘It’s never been more important to buy Australian than…
Strong business performance and the high US$ have enabled Perth international shipbuilder to substantially increase both sales and prfoit expectations for the year. The company expects group EBIT of $125 million for the year, up $15 million on previous estimates. This is likely to be struck on revenue up $100,000 to $2 billion for FY2020.…
The New South Wales government has announced the area around Williamtown air force base will be the state’s fifth special business activation precinct. Deputy premier John Barilaro said the area will turbocharge the region’s growth as a national and international defence and aerospace hub. The NSW Government will define 10,000 hectares around the Port Stephens…
Three University of Wollongong-led research projects have been awarded close to $1 million funding to develop blockchain and electric powertrain technologies. The grants, through the Australian Research Council’s Linkage Projects scheme, are designed to bring university researchers together with industry partners. Professor Willy Susilo of UOW’s School of Computing and Information Technology received $199,857 for…
By James Riley Michael Biercuk sits at the centre of a bunch of areas of strategic national interest as a quantum physicist at the University of Sydney, and as the founder/CEO at the VC-funded quantum startup Q-CTRL. Professor Biercuk has a view on many things, but probably none more so than on the government policies…
New materials developer Archer Materials is to raise up to $3 million from investors through a share purchase plan. The company, which is developing a quantum computer chip, will use the funds to increase the pace of its work programmes and hire additional staff. The company last raised capital in 2019 at 13 cents a…
Manufacturers are slowly adjusting to another new normal as global business ramps up as Covid-19 restrictions are gradually eased. Geelong wheel manufacturer Carbon Revolution today reported its global customers were resuming production and were calling for normal wheel supply to resume. The company told investors that Ferrari restarted production early this month and had now…
The future USS Oakland (pictured) the 12th littoral combat ship built for the US Navy by international shipbuilder Austal has completed its acceptance trials. Austal chief executive David Singleton said the completion of the trials during the Covid-19 pandemic demonstrated the company’s capability and reliability under challenging conditions. He said: “Austal USA has clearly answered…
