Two major engineering contracting, manufacturing and maintenance groups have joined forces with the purchase of BCG Contracting by NRW Holdings (ASX: NWH). BCG will be renamed NRW with the combined group employing 8,300 in numerous facilities and factories in every mainland state. More than 13,500 casual staff are also employed. NRW is a diversified provider…
Comment by Peter Roberts Having failed in its last attempt to slash the cost of, I mean ‘reform’ the R&D tax incentive – its own Senators refused to vote for it – the government is trying yet again. Smarting from a rejection of its efforts to slash, I mean ‘reform’, the scheme earlier in the…
Battery anode and graphene materials group Talga Resources (ASX: TLG) has raised $6 million in an oversubscribed share purchase plan. The company had been planning to raise $3 million, but will keep the additional funds to scale up the business including increasing production of its Talnode anode operation. Talga chairman Terry Stinson said the additional…
Few manufacturing companies can hope to grow revenues and profits by more than 20 per cent a year but this is the winning hand that is held by Sydney’s Aristocrat Leisure (ASX: ALL). One of the world’s largest manufacturers of gaming machines, and an emerging power in online and digital gaming, Aristocrat recently announced results…
Lithium processing technology group Lithium Australia (ASX: LIT) and battery materials group Novonix (ASX: NVX) have announced separate advances in battery materials and lithium ion battery manufacture. Novonix announced it has sold 500 tonnes of lithium-ion battery anode material to Samsung, while Lithium Australia announced a new battery venture to evaluate local manufacture. Novonix will…
Cardiac surgery product developer Admedus (ASX: AHZ) has announced a major order of its cardiac repair devices to its US-based distributor. The Queensland-based company sold 12,500 CardioCel and VascuCel patches to LeMaitre Vascular Inc for the year ahead, a figure which exceeds global sales for the products over the past year. CardioCel and VascuCel patches…
Carbon fibre road wheel manufacturer Carbon Revolution (ASX:CBR) made a spectacular debut on the stock exchange after raising $90.1 million and listing on the ASX. The Geelong company’s $2.60 shares soared immediately reaching as high as $3.81, before closing at $3.55 with a market capitalisation of $450 million. The stunning debut caps off the company’s…
CUB buys Balter Beer Carlton & United Breweries (CUB) has bought Gold Coast craft brewer, Balter Brewing Company for a confidential sum. Founded in 2016 by a group of friends including international surfer Mick Fanning, the brand joins other craft brews 4Pines and Pirate Life in the CUB stable. CUB is owned by Anheuser-Busch InBev.…
Comment by Peter Roberts It wasn’t so long ago that then senior Singaporean politician Lee Kuan Yew offended Australians when he called us the white trash of Asia. Working in Singapore at the time I had a first hand view, and a rather low opinion, of the products of Singapore’s rote-learning early school education. I…
Energy systems monitoring company Ecocentric is preparing to manufacture its Numen device that connects a building’s sensors and electrical equipment with the cloud after a novel fundraising effort. The Perth company has just completed an equity crowdfunding campaign which has netted $400,000 from 150 small investors, according to reports. This matches $3.2 million raised through…
