A study from Monash University, the Retail Sustainability Spotlight, has found that 51 per cent of Australian shoppers cited sustainability as an important factor in their retail purchases. According to a statement from the university, despite increases in the cost of living, the research shows shoppers were also increasingly conscious of the role of sustainability…
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A review of the National Freight and Supply Chain Strategy is underway, led by the federal department of infrastructure in collaboration with industry and state and territory governments. According to a statement from federal infrastructure minister Catherine King on Thursday, the strategy is a “holistic, coordinated and multi-modal approach to increase the safety, productivity and…
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The Arnhem Space Centre (ASC) in the Northern Territory will see a series of orbital space launches following the signing of a multi-year agreement between space facility operator Equatorial Launch Australia (ELA) and Korean aerospace company INNOSPACE. The agreement will see the launch of several INNOSPACE rocket variants each carrying between 50kg and 500kg payloads…
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Medical imaging technology manufacturer Optiscan Imaging has completed a key milestone in its development of telepathology utilising its imaging systems that visualise biological structures in their natural environment. The company has been working with Canada’s Prolucid Technologies developing a telepathology platform that enables pathologists to undertake virtual biopsy assessments. The project has now passed the…
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Electronics manufacturer Codan’s FY23 results were buoyed by strong gains in its communications businesses partially offsetting disruptions to its African and exited Russian markets for its Minelab metal detection equipment. The Adelaide company reported full year underlying net profit after tax of $65 million, down 35 percent from the previous year, on group revenue down…
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Packaging and recycling group Pact Group has reported a slight fall in profit on rising revenues as it continues to invest in new packaging recycling operations and ready for further investment in its Australian packaging operations. The company reported revenue growth for FY23 of six percent to $1.95 billion in tightening economic conditions, softer demand…
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Property fund manager Westbridge Funds Management has acquired a site at Wacol, south-west of Brisbane’s CBD, described as a “modern manufacturing facility”. The purchase is through the company’s Westbridge Diversified Fund No.4 for $14.5 million, it said in a statement on Wednesday. According to Westbridge, the 1.6 hectare site at 53 Coulson Street hosts a…
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Additive manufacturing machinery and technology company AML3D has won a $2 million contract to 3D print a metal replacement component used in US Navy submarines. The breakthrough contract is for a high demand non safety critical (NSC) component that is no longer available from traditional manufacturers, creating an opportunity for the company in the US…
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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…
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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…
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