Manufacturing News

Best of the week — the five most popular stories among readers, April 1 – 5, 2024

Manufacturing News

What were the five biggest stories of the week? Here’s what visitors to this site were reading.

5) Arthur Sinodinos replaces co-founder as Chair at Hypersonix

Hypersonic vehicle developer Hypersonix Launch Systems has announced former Australian Ambassador to the United States and Senator Arthur Sinodinos as the new Chair of its board.

In a statement on Thursday, the company said Sinodinos’s appointment is effective March 18, as well as a “testament to [its] recent momentum and global ambition to become the world leader in hypersonic technology.”

It described Sinodinos – who served as federal innovation minister for almost all of 2017 before resigning from the position due to cancer treatment – as a leading expert in Australian foreign policy, and with “a wealth of public and private sector experience that spans national security, industry innovation and commercialisation, economic policy, and new market opportunities.”

4) GMG to build Graphene Aluminium Ion Battery pilot plant

Brisbane’s Graphene Manufacturing Group has secured Queensland government backing for a proposed Automated Battery Pilot Plant for the manufacture of GMG’s Graphene Aluminium Ion Battery.

The company signed a Queensland Critical Minerals and Battery Technology Fund Agreement with the state for a grant of $2 million.

GMG is using graphene to produce aluminium-ion batteries utilising a patent-pending surface perforation technology developed by the University of Queensland.

3) Electrolux invests in new furnace for oven appliance factory

Global appliance company Electrolux Group has taken a significant step towards net-zero emissions in its remaining Australian factory with the commissioning of a new electric-powered furnace at its Adelaide cooking products plant.

Electrolux is the only home appliance company still manufacturing in Australia, employing approximately 450 at Dudley Park who turn out up to 350,000 ovens annually.

General Manager of Operations Phil Saloniklis, said the dismantling of the old gas furnace and installation of a new electric-powered model demonstrated the company’s commitment to investing in Australian manufacturing.

2) Sydney reverses imports with local train manufacturing project

The NSW Government has committed to begin procuring replacements for the Tangara fleet of suburban passenger trains by March 2027, with a 50 percent domestic manufacturing target to be included in the contract.

The replacement fleet will be the first to buck the pattern of overseas acquisitions of trains, trams and ferries by the former coalition government, and is part of a local procurement pipeline planned to extend out to the 2050s.

In 10 years NSW imported more than 2,000 rail carriages, reducing local economic growth, and local company and employee opportunity.

1) Hanwha bids to take Austal into foreign ownership

Korean defence group Hanwha has made a bid to buy one of the few Australian-owned defence prime contractors, shipbuilder Austal, and take it into foreign control, writes Peter Roberts.

The bid was confirmed this morning by the Perth shipbuilder, which has expended from aluminium ferry building to become a major defence shipbuilder in Australia and the United States.

The bid of $2.825 cash per Austal share compares to the $2.20 last achieved for the company’s stock on the ASX.

Picture: Austal’s Mobile, Alabama shipyard (credit Austal)

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