By Peter Roberts It is becoming clear that the Albanese Government is not the panacea many had hoped to see leading to a reversal of the downward slide in the fortunes of Australian manufacturing. While the government is way ahead of its coalition predecessor in tackling the key issues holding back manufacturing – it is…
Details
Australia’s Sentient Vision Systems has partnered with US defence technology company Shield AI to offer AI-Enabled Wide Area Motion Imagery (WAMI) capability to international defence forces. Sentient, which specialises in AI-enabled passive wide area search, and Shield plan to deliver their solution to the United States Department of Defense (DoD), Australian Defence Forces (ADF) Defence…
Details
Treasury Wine Estates the maker of Penfolds has reported rising profits on steady revenues as its programme of premiumisation of its wine offerings and focus on luxury brands takes effect. The company reported sales revenues relatively steady at $2.4 billion for FY23, down 2.2 percent or 4.4 percent on a constant currency basis on the…
Details
Australian laser systems manufacturer Norseld has acquired the photonics capabilities of BAE Systems Australia, at the same time taking over contracts for key defence platforms. The photonics acquisition complements Norseld’s existing capabilities in medical laser and diamond coating for a range of industries including medical, optics, defence and space sectors. Norseld CEO Peter Shute (pictured)…
Details
SafeWork NSW inspectors will be out across metropolitan Sydney this week targeting risks associated with moving plant and machinery often found in workshops, warehouses and manufacturing plants. The most common factors leading to people being killed or seriously injured operating machinery include removing a blockage or jam while a machine is still running, according to…
Details
Like many manufacturing leaders, PFi group CEO Gavin Dunwoodie (pictured) is short of staff and is investing in ways to utilise existing staff better as well as in recruiting, training and retaining new ones. But so bad was the situation in 2022 he took to advertising on a billboard (pictured, below) along with fellow Queensland…
Details
The federal government will build an Aircraft Coating Facility at Newcastle Airport in regional NSW to maintain the stealth of Australia’s fleet of F-35A Lightning II aircraft (pictured), as well as allied aircraft. At Australia’s first dedicated coating facility, a specialised paint will be applied to the aircraft to ensure they are virtually invisible to…
Details
US-based biotech company Moderna has opened its Regional Research Centre for Respiratory Medicines and Tropical Diseases and local headquarters in Melbourne, ahead of the expected opening of their mRNA factory next year. State industry minister Ben Carroll launched the new research centre on Tuesday. It sits next to its headquarters for Australia, New Zealand, South-East…
Details
Melbourne biotechnology giant CSL has hit back at doubters posting a massive rise in revenues for the year. The company, which has been questioned by analysts about its recent acquisition of the Vifor pharmaceutical business, reported revenues up 31 percent at constant currency value to $13.31 billion for FY23. Sales for CSL Vifor in the…
Details
Altech receives commitments for another $2.5 million in investment Altech Batteries announced on Monday that it has received binding commitments for shortfall shares, following a non-renounceable entitlement offer, raising an additional $2,538,000 before costs. Total proceeds worth $15,838,208 have now been raised, including $3,000,000 from the recent placement, as well as the allocation of $12,838,208…
Details