A swing to positive microeconomic conditions has powered steel producer BlueScope to a record result for the second half, with the company today reporting a preliminary operating profit for FY21 of $1.72 billion. The record second half contribution was $1.19 billion, more than $100 million more than previously anticipated. Factors driving the result include rising…
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Lloyds expects a record price to be set when one of only 302 Australian-made Holden HSV VN SS Group A vehicles goes under the hammer at its Classic Car Auction this weekend.
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On day two of our Marketing for manufacturers series, Rene Rose explains that while product specs and other technical metrics might interest you, your customers’ interests probably lie elsewhere.
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Melbourne company Aquaterro has won a $35 million contract to refurbish and upgrade the Australian Defence Force’s combat helmets. The five-year deal follows the construction of a purpose-built 5,000m2 Defence Industry Facility by the company in 2020. Aquaterro supplies every state and federal police force and border security agency with a wide range of imported…
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Metal additive manufacturing producer Aurora Labs (A3D) has successfully completed the third milestone in the technology development pathway of its 3D printers. The company reported it has achieved 1.5kW laser printing power which is in excess of competitors. Its RMP-1 Beta prototype achieved reliable printing at that power while maintaining part integrity and quality standards…
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Lynas Rare Earths is benefitting from the critical nature of its products to high technology products, reporting record June quarter sales revenue of $185.9 million and sales receipts of $192 million. The Western Australian producer reported sustained demand for Lynas Neodymium-Praseodymium (NdPr) products and strong market pricing as governments outside China seek to diversify supply…
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Newcastle’s mission to diversify its economy and capitalise on a rapidly shifting export market through innovation is a “prototype” for the rest of Australia, according to Newcastle Port chair Professor Roy Green.
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Western Australian marine engineering firm VEEM is to develop a prototype propeller to be fitted to the nine Hunter class frigates now under construction in Adelaide. BAE Systems Maritime Australia has let a contract worth about $180,000 to develop a prototype propeller blade, following an initial feasibility study in 2020. VEEM manufactures a wide range…
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Packaging group Pact Group and waste processing company Cleanaway today announced they would build Australia’s largest post-consumer polyethylene recycling plant converting locally collected kerbside materials into high quality food grade rHDPE and rPP resin. The $38 million project to be constructed at Laverton, Victoria will accelerate the inclusion of locally processed recycled resin into food,…
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@AuManufacturing launches its newest editorial series today. We are proud to present two weeks of stories dedicated to an under-examined topic. By Brent Balinski.
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