Building products group Boral will return $3 billion in ‘surplus capital’ to shareholders marking the end of a sales spree of key business forced on it by a disastrous foray into the North American market. CEO Zlatko Todorcevski, who replaced Mike Kane in the top job following its US troubles, characterised the return as a…
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Manufacturing contracted over the December and January period as the Omicron phase of the pandemic ended a period of growth, according to the Australian Industry Group’s Performance of Manufacturing Index. The PMI of 48.4 was down from November’s 54.8. Any results under 50 indicates contraction, and above it growth. The November result (released on December 1)…
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In day two of @AuManufacturing’s Cybersecurity – Identity and Access Management series, Ryan Ko offers some friendly advice to those who want to be victims of ransomware. In my experience working with the INTERPOL tracking digital payments towards ransomware, and research with antivirus companies understanding how ransomware works, I have seen ransomware in action and…
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The federal environment minister Sussan Ley has toured Waratah-based steel maker Molycop’s facilities in NSW to view in person efforts to decarbonise steel production. Ley joined UNSW SMaRT Centre Director, Professor Veena Sahajwalla at the Newcastle steel works to see up close SMaRT’s Green Steel technology that uses waste to replace coke and coal in…
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High speed precision welding developer K-TIG has experienced record cash receipts in the December quarter of $1.5 million as uptake of its equipment accelerates. Revenue was 44 per cent higher than the first quarter, and 157 per cent up on the previous corresponding period. Growth was achieved with only one distributor selling its products, with…
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By Peter Roberts Labor has found a way to both support the construction of a gas-fired power station at Kurri Kurri in New South Wales and burnish its green credentials, according to media reports. Channel 9 media has reported Labor leader Anthony Albanese and climate and energy spokesman Chris Bowen will travel to Kurri Kurri…
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The covid-19 pandemic has again forced closures of manufacturing facilities operated by global rubber glove manufacturer Ansell and one of its suppliers has been penalised, apparently for potential forced labour issues. Nonetheless a company update of first half sales of surgical and examination and protective work gloves showed a rise on the previous corresponding period…
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Australian rocket motor developer Valiant Space has secured a June Orbital launch with space services company Skykraft. Valiant Space, which has developed a chemical thruster designed to help satellites manoeuvre in orbit and in space, will launch a payload into orbit onboard a SpaceX Falcon 9 mission. The company will utilise Skykraft’s Skyride rideshare service…
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ADVERTISING FEATURE With the Commonwealth Government’s policy targeting net zero emissions by 2050, the pressure is on Australian business to adjust and adapt to survive. Companies which are open to positive change and innovation with a focus on a circular economy will do more than survive, they will thrive — together with stakeholders and communities.…
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Fortescue Metals Group’s green energy division has announced a new CTO, with US-based Stan Knez to begin in the role on February 1.
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