Building products, property and investment group Brickworks achieved a record net profit after tax in FY21 driven by a 38 per cent rise in its investment in WHSP, property development and stronger building products performance in Australia. Underlying NPAT from continuing operations was up 95 per cent to $285 million and statutory profit down 20…
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ASX-listed PPK Group has announced a joint venture with textile technology startup Xefco which will manufacture facemasks with antibacterial and antiviral properties.
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By Peter Roberts Something needs to done to bridge a submarine capability gap no matter what the outcome of an 18 month study by the US. UK and Australia determines about the viability of Australia acquiring nuclear propelled submarines from our allies. This is becoming increasingly clear as a life-extension of the six Collins class…
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Strategic Elements creates battery that charges itself from air Investment group Strategic Elements has succeeded in producing a milliamp of electrical current from a battery utilising only the humidity in the air. The company’s prototype battery ink cells (pictured) produced 100mAh of electric charge when run over three days, the company reported. Strategic Elements successfully…
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Taiwanese rocket manufacturer TiSpace has abandoned efforts to launch its 10-metre Hapith I rocket from the Whalers Way Orbital Launch Complex near Port Lincoln in South Australia. Launch site operator Southern Launch went on social media to reveal that inspections following a fire on the launch pad last week had led to the decision not…
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Business group the Toowoomba and Surat Basin Enterprise called Wednesday morning’s news that Boeing would establish a new factory at Wellcamp Airport a “game changer” that will bring significant opportunities to the city.
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Boeing has announced it will construct a new facility at Wellcamp Airport in Toowoomba, where it will build its Loyal Wingman autonomous aircraft, the first military aircraft to be designed and manufactured in Australia in half a century.
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A further $3 million in grants under the Supply Chain Capability part of the federal Moon to Mars initiative have been announced, supporting projects by Gilmour Space Technologies, Crystalaid Manufacture, Black Sky Aerospace, and Inovor Technologies. “Space and manufacturing go hand-in-hand and these projects are leveraging that relationship to drive economic growth and create jobs,”…
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The University of New South Wales nuclear engineering course has received a $1 million donation through the Sir William Tyree Foundation, which will support new master’s-level scholarships and industry engagement. UNSW’s is the country’s only nuclear engineering program and was internationally recognised, said the university, which is one of only 20 universities invited to be…
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Australian and New Zealand-listed chemical supply chain management company DGL Group has announced the acquisition of Aquapac for $8 million, with $2 million of this in shares. Aquapac is a specialty water treatment chemicals business with clients in mining, local government and industry on the east coast, and manufacturing in NSW and at Townsville, Queensland.…
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