Australian industry showed signs of recovery in July, driven primarily by business services, whilst manufacturing continued to struggle, according to the latest Ai Group Australian Industry Index released on Tuesday. The index improved by 5.8 points to -3.2 seasonally adjusted in July, marking its strongest score in three years. Business services led the recovery, continuing…
The Australian Government has approved a Strategic Shipbuilding Agreement with Austal that will establish the company as the Commonwealth’s strategic shipbuilder for Tier 2 surface combatants at Henderson, Western Australia, according to an announcement on Monday. Under the agreement, Austal Defence Shipbuilding Australia, a newly created subsidiary, will become prime contractor for the LAND8710 programs…
Infection prevention company Nanosonics has received US Food and Drug Administration clearance for its latest trophon innovation, enabling the commercial launch of trophon3 and trophon2 Plus in the United States, according to an announcement on Tuesday. The new trophon3 technology delivers over 40 per cent faster cycle times compared to previous generations whilst maintaining the…
Darwin Sheet Metal and Laser Cutting has received $650,098 from the Northern Territory Government’s Advanced Manufacturing Ecosystem Fund to develop innovative flatpack stainless steel furniture targeting remote Aboriginal housing projects, according to an announcement on Tuesday. The $4.16 million, 18-month project will see DSM invest in Territory-first automated precision laser-cut tube machinery, specifically a Trumpf…
Alcoa of Australia has signed a joint development agreement with Japan Australia Gallium Associates to explore establishing gallium production at one of its Western Australian alumina refineries, according to an announcement on Sunday. The partnership with Japan Australia Gallium Associates, a joint venture between Sojitz Corporation and Japan Organization for Metals and Energy Security, aims…
China’s industrial subsidisation spending now exceeds its defence budget and threatens to devastate Australia’s smelting and refining regions unless urgent government intervention occurs, according to a McKell Institute report released on Wednesday. The think tank warned that 73,000 jobs across regional Australia are at risk from Beijing’s “geoeconomic interference”, with some towns potentially losing up…
Brisbane clean-tech company Endua has secured $4.88 million through the Australian Government’s Industry Growth Program to advance its hydrogen electrolyser technology and expand local manufacturing capabilities, according to an announcement on Monday. The funding supports Endua’s AHEAD project (Advanced Hydrogen Electrolyser for Australian Decarbonisation), which focuses on the company’s proprietary PEM (proton exchange membrane) electrolyser…
Australian Vanadium has achieved a key regulatory milestone with planning approval for its vanadium processing facility at Tenindewa, approximately 65 kilometres east of Geraldton, according to an announcement on Sunday. The Western Australian Planning Commission approved the development application for the processing plant, which forms a central component of the company’s integrated vanadium supply chain…
BlueScope has formed a massive international consortium with Japanese, Indian and Korean steelmakers to explore acquiring the troubled Whyalla Steelworks, the company announced on Wednesday. The consortium includes Nippon Steel Corporation, JSW Steel and POSCO, collectively representing $115 billion in market capitalisation and total steelmaking capacity of approximately 130 million tonnes. BlueScope will leverage its…
Australian counterdrone technology company DroneShield has delivered explosive growth in its latest half-year results, with revenue surging 210 per cent to $72.3 million, according to results released on Monday. The Sydney-based company, which develops AI-powered anti-drone systems for military and civilian applications, reported its highest-ever quarterly revenue of $38.8 million in the second quarter, representing…