Canadian owned Saputo Dairy Australia has announced the last operating season of King Island Dairy, planning to close the facility and retiring the brand in mid 2025. The decision comes after a 10 month review that ‘sought to maximise value for the business by conducting an intensive review of all commercial and financial alternatives for…
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R&D spending in Australia is falling partly because a failure in the capital markets makes investors wary of investing in innovation, according to Dr John Howard, a speaker in our latest webinar Towards 3% R&D – Where to from here? (information and sign up here) Innovative companies find it hard to list or gain support…
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The federal government has signed a $142 million contract with Norwegian company Kongsberg Defence & Aerospace to acquire the Joint Strike Missile (JSM) air-launched cruise missile from 2025. The JSM is designed to allow the missile to fit into the F-35A Lightning II internal weapon bay, preserving the aircraft’s stealth characteristics. With a range of…
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Packaging manufacturer and recycler Pact Group has developed new methods which allow its iconic Sulo kerbside bins to become something of a pin-up for the circular economy. The Sulo bins, which collect waste of various types will now collect plastic waste which will then be turned into…more Sulo bins. The recycling breakthrough has already seen…
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Work has begun on a four-bay hangar for the maintenance of Australian Defence Force’s Boeing 737 variants, with completion scheduled for mid-2026. The a 240-metre long, 60-metre wide, 25-metre high hangar will be used for specialist maintenance on aircraft including the P8-A maritime patrol aircraft and E-7A Wedgetail aircraft. Design and construction of the $200…
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The Western Australian government is attempting to improve its venture capital ecosystem, currently ranked second-last among all Australian jurisdictions, through a $30 million initiative intended to lure global VC funds to invest in the state. According to a description on the state government’s website, the Western Australian Venture Capital (WAVC) Initiative is open to firms…
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The NSW and federal governments have announced combined funding of $53.95 million to support a new TAFE centre in western Sydney to deliver training in engineering, transport and renewable energy. In a joint statement on Thursday, the governments said the TAFE NSW Advanced Manufacturing Centre of Excellence – Western Sydney at the Wetherill Park Campus…
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The federal government has issued a Proposals Paper for Introducing Mandatory Guardrails for AI in High-Risk Settings responding to business calls to clarity on AI regulation The proposals paper canvasses a proposed definition of high-risk AI, ten proposed mandatory guardrails and regulatory options to mandate these guardrails. The three regulatory approaches could be: Adopting the…
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Room-temperature quantum computing manufacturer Quantum Brilliance has announced a collaboration with Oak Ridge National Laboratory (ORNL) to build a joint platform integrating quantum computing with high-performance computing (HPC). The collaboration will focus on integrating an on-premises cluster of QB’s quantum accelerators with ORNL’s HPC systems to explore the performance and effectiveness of parallelised and hybridised…
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The federal government has been deluged with massive offers to build solar projects in the first round of its Capacity Investment Scheme with six new big battery projects getting the green light. Two big batteries will be built in South Australia and two in Victoria with the largest in the former coal power stronghold of…
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