Matrix Composites recovers as sales boom

Underwater systems composite manufacturer Matrix Composites & Engineering has continued its turnaround posting an underlying EBITDA for the first half of $1.2 million, a $3.4 million improvement on the lost recorded in the previous corresponding period. The manufacturer of underwater buoyancy systems for the offshore oil and gas sector saw revenue increase from $11.3 million…

Manufacturing news briefs – stories you may have missed

Phoslock wins Rio contract Large-scale water treatment company Phoslock has won a $2 million contract to clean up one of Rio de Janiero’s main drinking water reservoirs. The company, which does most of its business in highly-polluted Chinese waterways, will bind and remove phosphorous from the reservoir operated by utility Cia Estadual de Águas e…