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…
Specialty rubber manufacturer Derby Rubber has relocated its head office to Wingfield in Port Adelaide where it was welcomed in a ceremony with local dignitaries. Managing Director Stephen Sheppard and General Manager Michael Clayton hosted Premier Steven Marshall, trade minister David Ridgway and the Mayor City of Port Adelaide Enfield, Claire Boan. The state has…
Fast-growing infant formula exporter Bubs Australia (ASX: BUB) surprised the market with an announcement that it was raising $35 million from existing investors at a big discount to the current share price. The company, which has been moving at high velocity this year expanding into the Chinese infant formula market and expanding its sales of…
Leading global manufacturer and technology group Robert Bosch GmbH and its Australian arm have announced they will be carbon neutral by the year 2020. Chairman of the board Dr Volkmar Denner said: “We will be the first major industrial enterprise to achieve the ambitious goal of carbon neutrality in a little over a year. “All…
The chemicals and chemistry sector improved its solid safety record with a 2.7 per cent rise in its key performance metric according to the 2018 Health & Safety Performance Report. The report from Chemistry Australia showed the rate of injuries continues to fall across the sector with the industry’s 5-year rolling average of Lost Time…
By Peter Roberts Additive manufacturing company Amaero International (ASX: 3DA) has revealed a swift move from losses to profits in filings with the ASX following its $8 million capital raising and listing on the exchange. The company’s 2019 accounts reveal a profit before tax of $454,266 for the year, an improvement on the $1.5 million…
NSW deputy premier John Barilaro has announced a third special activation precinct (SAP), this time in Moree, to generate business opportunities from the construction of the Inland Rail from Melbourne to Brisbane. The precincts are designed to “unlock the opportunity for investment in regional NSW” by attracting businesses according to a statement. The Queensland government…
Agricultural chemical manufacturer Nufarm (ASX: NUF) has been given the go ahead by shareholders to sell its South American division to Nufarm shareholder, Sumitomo for $1.2 billion. The Melbourne company, which has faced headwinds in Australia with the prolonged drought and in the United States with extensive flooding, received the go ahead in an overwhelmingly…
The Lytton lubricants refinery in Brisbane has seen profit halved in the past year in the downsized manufacturing arm of oil refiner and petrol retailer Caltex. The company told investors that EBIT for the lubricants and oils plant this calendar year was likely to be between $75 and $85 million, down from $161 million the…
