Bionic ear manufacturer Cochlear has been forced to abandon its profit predictions for the year because of mass postponements of implant surgeries in the United States and Europe. The Sydney company told investors this morning it was withdrawing its earnings guidance due to ‘short-term negative impacts.’ China’s health response to the virus is not at…
Analysis by Peter Roberts It was only in February 2019 that the board of industrial scale 3D printing company Titomic decided on a subtle change of direction that is now paying off for the Melbourne-based business. Instead of jostling the dozens of other manufactures of 3D printers for a share of the printer market, it…
Adelaide’s Redarc Defence Systems has demonstrated the wisdom of its growth from automotive supplier to defence contractor with a new order from Norwegian contractor, Kongsberg Defence Australia. The company has selected Redarc Defence to supply electro-mechanical components for the National Advanced Surface to Air Missile System (NASAMS) capability for the Australian Army. Redarc, which has…
Building products group Brickworks has revised its likely profit downwards following a similar downgrade by the listed investment house Washington H. Soul Pattinson. Brickworks, which owns 39.4 per cent of Soul Pattinson as well as substantial property investments, said it expected to report a net profit after tax for the first half ended 31 January…
Only some river-side cladding work remains to be done on one of the largest buildings ever constructed in Australia – the Outfitting and Ship Erection Hall at the Osborne South shipyard on the banks of the Port River in Adelaide. The hall – 187 metres long, 87.4 metres wide and 50 metres high (main picture,…
Jatenergy records record sales Australian dairy and consumer goods exporter Jatenergy (JAT) has recorded its highest-ever monthly sales in February driven by the emergence of coronavirus in China. The company reported February revenue of $8.3 million led by sales of its Neurio lactoferrin brand. The company expects sales to remain strong over coming months. Expansion…
Defence shipbuilder ASC has been forced to shutdown some of its Adelaide operations following confirmation that one of its staff tested positive for coronavirus. ASC is responsible for sustaining the Collins Class Submarines, employing 1,400 people across three facilities in South Australia and Western Australia. ABC news reported that a building at the company’s Osborne…
A team of engineers at the University of New South Wales has made a quantum computing breakthrough that will simplify control of individual atoms used to store data at the sub-atomic level in nanoelectronic devices. Their study, published yesterday in Nature, reported the team had succeeded in controlling the nucleus of a single atom using…
Comment by Peter Roberts The federal government has added to frustration about its stance on potential exports of green hydrogen, announcing $40 million in funding to establish a Future Energy Exports (FEnEx) Cooperative Research Centre. The FEnEx CRC, announced alongside a new CRC for Transformations in Mining Economies (CRC TiME), will develop ‘technologies to improve…
The Advanced Manufacturing Growth Centre has joined efforts by a group of Queensland companies to develop new lightweight composite rocket tanks. Gilmour Space, the University of Southern Queensland, Protonautics and Graphene Manufacturing Group are hoping to cut the weight of Gilmour’s rockets to deliver payloads of up to 250 kg such as small satellites into…
