Close The Loop has announced positive half-year results, including earnings before interest, tax, depreciation and amortisation growth of 51 per cent versus the year before. Among results for the half-year ending December 31, were pro forma revenue of $40.7 million, pro forma EBITDA of $7.4 million and pro forma net profit before tax of $4.97…
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Manufacturing recovered after a difficult holiday period, according to the Australian Industry Group’s Australian Performance of Manufacturing Index survey. The PMI result for February was 53.2, up 4.8 points from December-January. Any result above indicates expansion, below it contraction, and 50 indicating no change. According to a summary of the results, these indicated “mild improvements…
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Meat processing giant Thomas Foods International is planning a massive $378 million foray into the plant-based protein sector, promising to create more than 8,500 full-time jobs, according to media reports The Adelaide based meat processor, which has meat and seafood processing operations and feedlots in Australia, the United States, Canada and Europe, has joined with…
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The Sovereign Missile Alliance (SMA) backed by indigenous companies Electro Optic Systems and Nova Systems has linked with Germany’s Diehl Defence for guided missile technology. The companies announced today of their intention to collaborate with Diehl Defence which is well known for its work modifying the Sidewinder air-to-air guided missile used for decades globally for…
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An architect by profession, Julia Kay and husband Jordy have grown from a standing start to be Australia’s only manufacturer of compostable stretch wrap, first for consumer and soon for industrial uses. @AuManufacturing asked her to tell her story, in her own words. There was a materials revolution happening around us. Everything was changing rapidly;…
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A UNSW Canberra-designed hypersonics experiment will feature at a NASA-run workshop in January next year.
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A higher proportion of apprentices and trainees are being employed after completing their training as demand for skilled workers rose during 2021, according to a new report. The report from the National Centre for Vocational Education Research (NCVER) shows 94.0 per cent of apprentices and trainees who completed their training in a trade occupation were…
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Wire arc additive manufacturing technology company AML3D has announced its best quarterly result in terms of customer receipts since listing on the ASX, and expects the next quarter to be a further improvement.
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The Future Battery Industries Cooperative Research Centre (FBICRC) has today outlined a pathway for Australia to claim its share of the global battery industry titled: “Towards 2030 – Australia’s Battery Powered Future”. With global battery demand expected to grow at least 9 to 10-fold over the next decade with an estimated market of between US$133-$151…
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By Joseph Brookes Funding for the federal government’s ‘AI Action Plan’ remains locked up in the industry department nearly a year after it was announced, with a key business group pressing the government to release the $124 million promised in last year’s budget. Despite being budgeted more than $22 million this financial year to initiate…
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