Treasury Wine Estates has furthered its strategy of premiumising its US wine businesses with the $433 million purchase of Frank Family Vineyards. The maker of Penfolds wines bought the Napa Valley, California business on an EBITDAS multiple of 13.2, which TWE said was favourable compared to the company’s current luxury wine transactions. FFV’s portfolio is…
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Industry group Bioenergy Australia has praised the Bioenergy Roadmap, released by the Australian Renewable Energy Agency (ARENA) today.
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Compostable stretch kitchen wrap business Great Wrap has launched its Australian-made compostable catering wrap for businesses across the country. Made from food waste, Great Wrap initially launched a domestic Compostable Cling Wrap, but now provides a solution for commercial waste challenges that is suitable for restaurants, grocers, delis, bakers and more. The company also takes…
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Leading businesses were celebrated this week for their work towards improving packaging sustainability as part of the Australian Packaging Covenant Organisation’s (APCO) Annual Awards ceremony. Businesses including Kellogg, Nestlé, Coles, BioPak, and CHEP were among the big winners, each taking home multiple accolades. In total, 22 awards were handed out to businesses in industry sectors…
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Electronic Warfare and surveillance technology company DEWC Systems has partnered with the Australian Institute for Machine Learning (AIML) to explore AI and machine learning to detect radio frequency (RF) signals. AIML, part if the University of Adelaide, and DEWC will detect and classify RF signals in complex environments as part of their Miniaturised Orbital Electronic…
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Pact Group, Toshiba International and 1414 Degrees were among six companies awarded a combined $44 million under the federal government’s Modern Manufacturing Initiative on Thursday. The round of funding was for companies in the Recycling and Clean Energy sector, one of six identified as “National Manufacturing Priorities” by the government. Assistance between $1 million and…
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A South Australian exporter of robotic solutions to help “flavour economy” manufacturers automate will move to a new headquarters at Tonsley Innovation District, with completion of the site scheduled for March 2022.
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Research from the Australian National University has found that the nation’s lack of distinction between so-called “blue” and “green” hydrogen could lead to a new industry that just adds to greenhouse gas emissions. Australia’s hydrogen strategy discusses “clean hydrogen” but does not separate green (from renewable energy-powered electrolysis) and blue (derived from coal or natural…
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Pokie machine manufacturer and and online gamming business Aristocrat Leisure has rebounded from a nadir during the Covid-19 pandemic a stronger, more diverse and resilient business, according to the company’s FY21 report. The Sydney company saw an 81 per cent growth in net profit after tax to $865 million, up 102 per cent on the…
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By Peter Roberts Most of us have probably seen Lyre’s non-alcoholic spirits at the supermarket and reeled at the price – starting from around $45 a bottle for a, well, fake gin, whiskey or rum. But this UK company – which also manufactures in Australia – shows that innovation, timing and product quality in manufacturing…
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