Vitamin manufacturer Blackmores is achieving positive results from a three-year turnaround enabling it to increase sales and market penetration in fast-growing Asian markets and build a new business in pet supplements. The Sydney company today reported underlying earnings before interest and tax up 15 per cent to $30.8 million in the half year to December…
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Both Australia’s primary steel makers are moving closer towards making steel using green hydrogen following a move by Liberty Steel which operates the Whyalla steek works in South Australia. On Monday @AuManufacturing reported BlueScope Steel was considering the future of the Port Kembla works in New South Wales after its number five blast furnace reached…
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Axiom Precision Manufacturing, M & I Samaras and Jehbco Manufacturing have collectively been awarded $2,092,340 in Sovereign Industrial Capability Priority grants.
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The Australian Academy of Science has pushed for federal investment in local Covid-19 vaccine manufacturing capacity.
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The federal government has given the Productivity Commission the task of reviewing Australia’s supply chain vulnerabilities and risks following the shocks of the Covid-19 pandemic. The Productivity Commission will look at Australia’s supply chains, as well as longer term trends in relation to Australia’s linkages and dependencies on international trade and assess whether vulnerabilities or…
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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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