Manufacturing news briefs – stories you might have missed

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…

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Babcock’s $31 million HQ readies for AUKUS work

Developer Commercial & General has begun construction of a new $31 million manufacturing, warehouse and office facility in Adelaide for defence contractor Babcock Australasia. The Torrens Road, Adelaide site will include a 4,000m2 purpose-built manufacturing and maintenance building that will underpin Babcock’s delivery of support to land and naval defence programmes including in-service sustainment for…

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Hanwha consortium pitches VenomX autonomy to the army

Korean defence manufacturer Hanwha Defense Australia (HDA) has brought together Australian and South Korean industry to pitch its autonomous VenomX logistics concept. The company is pitching the AI powered ‘Automated Protected Logistics to the Edge’ system to the Australian Army via the Robotic and Autonomous Systems Implementation and Coordination Office (RICO). Hanwha is building self-propelled…

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