Mining equipment manufacturer Austin Engineering is moving its headquarters from Brisbane to Perth, recruitiing a new CEO and embarking on a strategic review of its multi-national manufacturing operations. The company told investors the move to co-locate with its largest factory at Kewdale in Perth recognised to significance of its Western Australian and Asian operations which…
Australia’s antagonistic policies towards electric vehicles has left us in the dust as the rest of the world transitions to less polluting vehicles, according to figures compiled for Visual Capitalist, Global sales of electric vehicles (EVs) and plug-in hybrids (PHEV) surpassed three million for the first time in 2020, despite the economic headwinds imposed by…
Fertiliser and explosives manufacturer Incitec Pivot profit for the half year ending March 31 have been hit hard by planned outages and continuing breakdowns at its Waggaman ammonium plant in the US. Earnings before interest and tax (EBIT) was down 32 per cent from the previous corresponding period to $110 million, with the impact from…
Gaming machine manufacturer Aristocrat Leisure has boosted profits for the second half ending 31 March as it emerges from a Covid-19 hit to the global gambling and gaming industry. The Sydney company increased earnings before interest, tax depreciation and amortisation (EBITDA) o $750 million, a six per cent rise on the previous corresponding period. It…
Treasury Wine grows profits again after China hit At an investor information day Treasury Wine Estates, the maker of Penfolds wines, revealed its profits were recovering following a period affected by the Covid-19 pandemic and the imposition of punitive import tariffs by China. The company told investors its second half operating profit in FY21 would…
By Peter Roberts The dozen Independence-class Littoral Combat Ships delivered so far to the US Navy are at the one time shipbuilder Austal’s most successful design yet at the same time the one that has not quite lived up to its promise. The Independence vessels were conceived as a breakthrough ship. It was to be…
Perth shipbuilder Austal has delivered two Cape class patrol boats to the Trinidad and Tobago Coast Guard built at its Henderson shipyard in Western Australia. The company delivered the two 58 metre boats, TTS Port of Spain and TTS Scarborough to Lieutenant Commander Francise Paulette Cazoe of the TTCG at a ceremony in Perth today.…
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