Aerospace composites manufacturer Quickstep has reported steady growth in sales for the first half of FY21 with sales up eight per cent to $41.5 million, the rise attributable to the company’s involvement in making tail sections for the F-35 Lightning jet fighter. However the rising Australian dollar hit EBITDA margin as did the end of…
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International shipbuilder Austal has accepted the resignation of its US President Craig Perciavalle following the completion of an investigation into cost escalations of Littoral Combat Ships (pictured) the company is building for the US Navy. Investigations by US regulatory authorities focused on Austal USA’s write back of work in progress attributable to the LCS program,…
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Redarc Electronics has announced an Industry 4.0 technology and training project, which is receiving $399,770 in support through an Advanced Manufacturing Growth Centre grant. According to a statement, it will further develop the project lead’s workforce, Industry 4.0 technology adoption, and business processes “through collaboration with key supply chain partners and expert local service providers.” …
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Lower residential construction in Australia has seen turnover for construction materials group Adbri fall marginally in the full year to 31 December, only partially offset by increased lime sales. The company, the renamed Adelaide Brighton, reported net profit after tax of $93.7 million, up from $47.3 million in the previous corresponding period on revenue down…
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ASX-listed fabric company Gale Pacific has reported improved revenues and profitability in the first half of the financial year.
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The nation’s peak science lobby has called on government to use the expected $2.4 billion in savings from changes to the Research and Development Tax Incentive to fund the creation of a new research translation and commercialisation fund.
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Greg Whiteley ferrets out the facts about Australia’s company structure – and it turns out there are a tiny number of large businesses dominated by 99 per cent of companies with less than 200 employees. Yet the policy focus is all about big businesses. Time to change and develop policy suited to our SME business…
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Graphene development company Sparc Technologies has demonstrated that its graphene product in solution can adsorb gold and silver from mine tailings dumps. Adsorption, not to be confused with absorption, is a process in which molecules are held loosely on the surface of an adsorbent. The company, which has licenced graphene-based technologies from the University of…
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A HeidelbergCement cement plant in Hanover, Germany has been named as the site of the LEILAC 2 Low Emissions Intensity Lime And Cement demonstration plant which will further prove technology developed by industrial process technology company Calix. As part of LEILAC 1, a CO2 capture pilot installation with a capture capacity of 25,000 tonnes of…
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Cann Group’s sales pass $1 million Medicinal cannabis producer Cann Group has reported sales of $1.1 million in the first half to December 31, at the same time giving further details of a previously announced cyber attack. The company reported an operating loss of $9.4 million despite dispatching initial orders to a number of international…
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