Ainsworth gaming making slow recovery Gaming machine manufacturer Ainsworth Game Technology is slowly recovering from the slump in the gambling industry forced by the Covid-19 pandemic. The Sydney company reported a loss before tax of $14 million for the first half year, excluding a currency loss of the same size caused by the strengthening of…
Comment by Peter Roberts We are witnessing the demise of yet another manufacturing industry – oil refining and downstream chemicals. The news that Exxon Mobil will shut its Altona refinery will mean that five of Australia’s seven oil refineries have shut since 2010. So when you hear responses like that of energy minister Angus Taylor…
Water heater manufacturer Rheem Australia and its renewables brand, Solahart have launched an innovative project in South Australia that boosts local sales while saving consumers cash on their power bills. The companies have been funded by the Australian Renewable Energy Agency (ARENA) and the South Australian Government to launch the Rheem Active Hot Water Control…
Noxopharm reports new treatment for prostate cancer Pharmaceutical developer Noxopharm has claimed a combination of two existing drugs has emerged as a major new treatment for prostate cancer. The company said its Veyonda treatment for late-stage cancers combined with Novartis’ Lu-PSMA-617 resulted in half of patients suffering end stage (Stage 4) disease surviving at least…
Industrial designer Daen Simmat takes a look at the women working in manufacturing. Many women are deterred from participation in some of Australia’s most thriving and essential businesses, particularly in male-dominated industries such as manufacturing. This is due to organisations struggling to attract women to consider and apply for jobs. However, a recent focus on…
The Australian designed and manufactured DefendTex Drone40 (D40) is being used operationally in Mali according to media reports. The drone, only four centimetres long and launched either by hand or from a grenade launcher, has been deployed with the British Army’s contingent on Operation Newcombe, according to Overt Defense. Several hundreds Drone40s are believed to…
The Arnott’s Group has signalled a plan to expand its Australian food business with the purchase of Melbourne snack and breakfast cereal manufacturer Diver Foods. Diver, the manufacturer of Carman’s muesli and muesli bars, will form the basis of a new a new business division at Arnott’s to be known as Good Food Partners. While…
By Denham Sadler At least 30 per cent of the NSW government’s tech procurement spend will go to small to medium-sized enterprises (SMEs) as part of a new policy aimed at ensuring its digital infrastructure program will also benefit local industry. Customer services minister Victor Dominello announced the new IT procurement target on Monday morning…
Multi-brand winemaker Treasury Wine Estates has been forced to deny persistent rumours it is still planning to demerge its luxury Penfolds brand from its value and mid-market wine brands. The company announced in April it was considering building shareholder value through a demerger, however in November it told the company’s annual general meeting that it…
Building products group Boral today reported earnings before interest and tax of $254 million for the half year ended 31 December, up one per cent on the previous year as its selloff of businesses and company restructuring took effect. The company, which sold off its USG Boral plasterboard businesses and troubled Meridian Brick venture in…
