Digital gaming is underpinning confidence by gaming machine manufacturer Aristocrat Leisure that it can weather the coronavirus storm. The Sydney company moved into the fast-growing digital and online space some years ago, and now gets 40 per cent of revenue from those sources. Sales of gaming machines and land-based gaming contribute 30 per cent each.…
Now that the true extent of the health challenge facing Australia is evident, attention is turning to the economy where sales slow-downs, disrupted supply chains and closed markets are taking their toll. Today BlueScope steel and Boral became the latest in what has become a flood of large manufacturers forced to rethink sales and profits…
Canberra is doing far too little, far too late to seek help from industry in manufacturing the key tools Australia needs to weather the coronavirus pandemic. China alerted the WHO in December of the first cases of coronavirus, but it is only this week that Canberra seems to have taken any action to mobilise manufacturers…
Australian rocket company, Valiant Space, has successfully fired its ‘Momentum’ liquid fueled rocket engine, claimed to be the first commercially developed such engine in Australian history. The engine was ignited on 15 March at Beyond the Blue Aerospace’s launch and test facility, Funny Farm Space, north of Goondiwindi, Queensland. Black Sky Aerospace, known for their…
Melbourne start-up Great Wrap has launched a plant based, compostable and stretchy biodegradable replacement for conventional plastic wrap. The company’s Great Wrap product is made from plant-sourced PLA and PBAT and is suitable for kitchens or for wrapping pallets of goods in factories and logistics centres. The product is certified compostable, degrading in a compost…
When the going gets tough, the tough get going. Only a few months after listing carbon fibre composite automotive wheel manufacturer Carbon Revolution has completed a rushed $25 million capital raising. The company completed a non-underwritten institutional share placement ‘to position the company as strongly as possible to deal with the impacts on the business…
The coronavirus has claimed another victim with Reed Exhibitions postponing the Advanced Manufacturing Expo (Sydney), which was planned to be held from 13-15 May The Expo, the renamed National Manufacturing Week (Sydney), will be held in the second half of the year according to an announcement. National Manufacturing Week (Melbourne) 2021 is unaffected. @AuManufacturing News…
The Auto Express 109, the first of a new class of fast ferry built by Austal in Perth, has been honoured by the Royal Institute of Naval Architects (RINA). Designated by the company as Hull 393, the game-changing vessel has been included in RINA’s listing of Significant Ships of 2019. Built for MOLSLINJEN A/S of…
Pharmaceutical developer Noxopharm has been awarded patent protection for its Veyonda treatment for late-stage cancers. The patent, one of a number of families of patents the company is seeking in major drug markets, is for a suppository formulation including the drug idronoxil. Idronoxil is an inhibitor of sphingosine-1-phosphate (S1P) – a messenger in cells that…
The Hazer Group has executed an agreement with the Australian Renewable Energy Agency that will see it develop a $16.5 million commercial demonstration plant to produce low emission hydrogen from methane biogas. The agreement with the Perth company will see ARENA provide $9.41 million in funding to the project to construct the Hazer Process Commercial…
