Comment by Peter Roberts Everyone seems to want to buy Australia’s iconic manufacturers – except Australians it seems. Despite a multi-trillion dollar superannuation nest egg built up by working Australians, why is it so often only foreign interests that can see value in our manufacturers? Just this past week Arnott’s biscuits, part of Campbell Soup…
Nerve technology developer Orthocell (ASX:OCC) has reported a study validating ‘high quality nerve repair’ from its CelGro treatment. The pre-clinical study indicated CelGro facilitated the regeneration of severed peripheral nerves, returning them to normal nerve structure. This reinforces earlier human trials that CelGro restored nerve sensation, reducing the need for sutures. Orthocell managing director, Paul…
Sales by obstructive sleep apnea treatment pioneer ResMed (ASX: RMD) powered ahead 13 per cent in the final quarter of 2018-19, driven by the release of new products. The Sydney company announced revenue up 13 per cent for the final quarter ended June 30 to $1.02 billion, bringing full year revenue to $3.8 billion. Net…
Space Syatems and weapons manufacturer Electro Optic Systems (ASX: EOS) is in the middle of an international political storm with photographs emerging which put into question its arms exports to the Middle East. EOS, which makes weapons systems that can be remotely operated from inside the protection of an armoured car, has a $450 million…
Completion rates for apprentices and trainees continue to drop according to a new report issued by the National Centre for Vocational Education Research (NCVER). The VET researcher found completions of apprentices and trainees who commenced training in 2014 fell to 56.7 per cent, down from from 60 per cent for those commencing in 2013. The…
Australia’s two leading manufacturers of gaming machines, Aristocrat Leisure (ASX: ALL) and Ainsworth Game Technology (ASX: AGI) are headed for a hard-fought patent battle in the federal court. Ainsworth announced it would be vigorously defending action by Aristocrat that alleges it infringed the comppany’s patent rights and Australian Consumer Law. Aristocrat maintains Ainsworth stole technology…
Ridley Corporation (ASX: RIC) has opened a new animal feed extrusion plant at Westbury in northern Tasmania. The plant, capable of producing 50,000 tonnes a ear of aquaculture and pet foods, is strategically located close to transport to supply the Australian mainland as well as the state. Ridley CEO, David Lord praised the high quality,…
Australian electric vehicle (EV) DC fast charging technology company Tritium has won a massive deal with BOX ENERGI to be its sole United Kingdom charger provider. The deal could be potentially massive for the company, which only this week won a contract for 33 chargers for the Port of Long Beach in the United States,…
Leading machine tool manufacturer, ANCA has opened a new factory in Thailand’s Eastern Seaboard Industrial Estate at Rayong as its South East Asian operation continues to mature. The new company-owned plant of 3,656 metres opened this week is triple the size of ANCA’s original leased plant opened in Hemaraj in 2006. The investment by the…
Technology process control and chemistry company SciDev (ASX: SDV) has won its first customer in the competitive United States oil and gas sector. The Sydney company announced its first order, valued at more than $1 million, for friction reduction technology which will be utilised in the Permian Basin in Texas and New Mexico. The company…
