Chemicals, fertiliser and explosives manufacturer, Incitec Pivot (ASX: IPL) has reported big hits to its profits from a number of weather-related events and the closure of its Portland, Victoria super phosphate factory. The closure costs, along with drought in eastern Australia and cyclonic floods in the Townsville region, were outlined in a report to the…
Internet of things (IoT) nanosatellite company, Myriota has demonstrated its low cost connectivity at an international military science event. The Adelaide company took part in the Contested Urban Environment 2018 (CUE18) challenge in Montreal along with the Australian government’s Defence Science and Technology (DST) group. The event, involving 250 scientists from Canada, New Zealand, the…
For a century Australian businesses bemoaned the tyranny of distance that left us with poor prospects far from the world’s biggest markets. Today’s chart, from Visual Capitalist, brings home with a vengeance the newfound power of our location in the thick of the world’s fastest growing economies. In answers any questions you may have about…
The Australian National Audit Office (ANAO) has delivered scathing criticism of Defence’s sustainment programme for some of the country’s most important naval assets. The office’s report found sustainment of the Royal Australian Navy’s fleet of eight ANZAC class frigates was not meeting most of its key performance indicators. The ANZACs service life has been extended…
It is not every day that you see an Australian made super car debuting at the world’s most important industrial trade fair. But Brabham Automotive is displaying its BT62 limited edition, mid-engined track car at this year’s Hannover Messe. Commercial director, Dan Marks says: “At just 972kg our designers and engineers have produced a world…
Peak industrial employer group, the Ai Group is taking a strong stand behind today’s flexible workplace laws and against proposals for a new ‘living wage’for low-paid workers. In a series of policy papers just released Ai Group chief executive, Innes Willox argues for the status quo on workplace relations and the role of the independent…
Comment by Peter Roberts It is that time of the political cycle again. In the countdown to any election you expect a flurry of announcements, re-announcements and just plain noise from those that occupy the ministerial benches in Canberra. Their department and agency PR practitioners churn out daily, or more than daily, announcements of their…
Metal additive manufacturing company, Titomic (ASX: TTT) has expanded its global distribution network for its unique metals and materials technology and manufacturing business. The company signed a memorandum of understanding with Osaka Titanium Technologies (OTC) and Marubeni Corporation to be its distributor in Japan and South Korea. The agreement also givers Titomic access to a…
The Australian Mathematical Sciences Institute (AMSI) and the Innovative Manufacturing Cooperative Research Centre (IMCRC) have joined to reduce costs for SMEs accessing technology and digitilsation skills. The two will fund 23 skilled PhDs with manufacturing SMEs and larger companies to apply their specialist expertise to drive advanced and digital manufacturing and optimisation solutions. Industry partners…
The federal government has announced an updated Australian industry participation policy for 2019 which extends consideration for contracts to the smallest of SMEs. The policy, announced by defence industry minister, Linda Reynolds, introduces a new requirement for contractors to provide detailed commitments on how they will utilise and develop local SMEs. The new policy will…
