Specialist braking systems manufacturer Advanced Braking Systems has continued its year-long turnaround in the third quarter of the financial year posting strong sales gains. The Perth company reported sales of $1.9 million in the third quarter, up 23 per cent on the previous corresponding period. Sales for the first nine months of the year of…
Senior executives and the board of hearing technology group Cochlear will take a pay cut for an initial three months in response to a revenue hit from the Covid-19 coronavirus pandemic. Senior executives will receive a 20 per cent cut, while non-executive directors will receive a 30 per cent cut in board fees. CEO Dig…
Only days after Melbourne’s Fallshaw Group complained in @AuManufacturing news of price gouging by freight forwarders CEO Jo Fallshaw has been given a price lifeline. Fallshaw had been hit with lack of available flights and price hikes of five times for freighting her specialised hospital bed castors (pictured) to the United States to fulfil an…
Oil refiner and retailer Caltex is to shutter its Lytton refinery (pictured) in Queensland in May, bringing forward planned maintenance. While the company plans to complete the work by August, it warned that it would only re-open the refinery, one of only four remaining in Australia, if ‘margin conditions have sufficiently recovered’. The global oil…
Leading aerospace composites manufacturer Quickstep powered ahead in the third quarter of the year as it continued work on long term contracts for mainly defence-related clients. The Sydney company recorded positive cash flow of $100,000 on sales for the quarter up 16 per cent on the previous corresponding period to $19.2 million. Sales for the…
Lithium technology company Lithium Australia has been granted a patent from IP Australia covering its LieNA lithium metal processing technology. The Perth company is developing mining, processing, battery cathode manufacturing and battery recycling operations, and now receives protection for 20 years for its core technology. The company and the Australian Nuclear Science and Technology Organisation…
Manufacturing has so far continued to operate in the face of the spread of the Covid-19 coronavirus, with companies using social distancing and sanitation measures to keep their staff safe at work. Companies have also re-engineered their supply chains to replace inputs from distant sources such as China. But forward looking companies are also planning…
Comment by Peter Roberts As we digest the news that the federal government has called up industrialist Andrew Liveris to help map out a future for Australian manufacturing, there remains a view prevalent in the community that Australia doesn’t make things. One former colleague on the weekend railed about how manufacturing had been decimated and…
Australia’s biotechnology industries are set to benefit in the long term with a federal government decision to reverse years of declining support for CSIRO. The government announced on Saturday that it would spend $220 million upgrading the Australian National Animal Health Laboratory in Geelong (pictured) with the increasing threat of human pandemic disease and the…
The federal government has announced the construction of new naval maintenance infrastructure south of Perth to support the Arafura class patrol boats (pictured) now under construction. Lendlease Building Contractors has been awarded a $365 million managing contract for the first tranche of works at HMAS Stirling and the Australian Maritime Complex. Lendlease has committed to…
