Treasury Wine Estates, the maker of Penfolds, has reported strong earnings growth and margin expansion as the company’s restructure of its wine portfolio towards luxury brands pays off for the company. EBITS for the first half FY23 grew 17 percent to $307.5 million driven by growth in its luxury portfolio of brands, price increases achieved…
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By Ravi Naidu, University of Newcastle They stop your food from sticking to the pan. They prevent stains in clothes and carpets. They help firefighting foam to extinguish fires. But the very thing that makes “forever chemicals” so useful also makes them dangerous. Forever chemicals – the catchier name for the class of chemicals known…
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Queensland govt welcomes applications for Manufacturing Hubs Grant Program This week Queensland manufacturing minister Glenn Butcher announced that the state government’s Manufacturing Hubs Grant Program (MHGP) is open for a third round. The announcement was hosted this week at Mecha, a winner of $230,000 in grant support under the program’s first round, supporting a new…
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Hearing implant manufacturer Cochlear has powered to a new first half record revenue based on new product offerings and as the company completes its recovery from the pandemic. The Sydney company reported sales revenue up nine percent (seven percent in in constant currency terms) to a record $893 million, revealing strong growth in cochlear and…
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Concentrated solar power (CSP) developer Vast Solar and Nabors Energy Transition Corp. today announced an agreement for a business combination that would result in Vast becoming a publicly-listed company on the New York Stock Exchange. Founded in Australia in 2009, Vast’s proprietary CSP system uses a modular tower design and a unique sodium loop for…
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By Peter Roberts Australian critical minerals producer Lynas Rare Earths has suffered a major blow with the renewal of the operating licence of its Malaysian metals processing plant – the biggest in the world outside China – in such a way that dooms part of the processing at the site to closure after July 1.…
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By Peter Roberts How good is @AuManufacturing’s sister networking and discussion group, the Australian Manufacturing Forum on Linkedin? We founded the Forum in 2011 as a place where like minds – those of us excited about developments in Australian manufacturing and keen to work together to ensure its future – could come together in a…
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CSIRO has unveiled a $25 million upgrade to its Myall Vale site in NSW with new purpose-built facilities to support cutting-edge cotton research. The upgrades include the newly-built Cotton Management Research Laboratory, which allows the precise pre-emptive monitoring of potential insect resistance and the measurement of crop nutritional status for improved management, as well as…
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Researchers from RMIT University have developed a method of creating hydrogen directly from seawater, which is the subject of a provisional patent and a new article in the journal Small. According to a statement from the university on Tuesday, lab-scale tests have shown the process creates no carbon dioxide and no chlorine, the latter of…
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A big jump in the volume of plasma produced by biotechnology giant CSL has created positive momentum for the Melbourne company as it continues its emergence from the global pandemic. The company reported a 36 percent increase in plasma collection in the first half – plasma collections sank during the pandemic as Covid restrictions affected…
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