Building products group Brickworks has revised its likely profit downwards following a similar downgrade by the listed investment house Washington H. Soul Pattinson. Brickworks, which owns 39.4 per cent of Soul Pattinson as well as substantial property investments, said it expected to report a net profit after tax for the first half ended 31 January…
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Only some river-side cladding work remains to be done on one of the largest buildings ever constructed in Australia – the Outfitting and Ship Erection Hall at the Osborne South shipyard on the banks of the Port River in Adelaide. The hall – 187 metres long, 87.4 metres wide and 50 metres high (main picture,…
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Jatenergy records record sales Australian dairy and consumer goods exporter Jatenergy (JAT) has recorded its highest-ever monthly sales in February driven by the emergence of coronavirus in China. The company reported February revenue of $8.3 million led by sales of its Neurio lactoferrin brand. The company expects sales to remain strong over coming months. Expansion…
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Defence shipbuilder ASC has been forced to shutdown some of its Adelaide operations following confirmation that one of its staff tested positive for coronavirus. ASC is responsible for sustaining the Collins Class Submarines, employing 1,400 people across three facilities in South Australia and Western Australia. ABC news reported that a building at the company’s Osborne…
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The South Australian Productivity Commission has launched two new inquiries into research and development in a bid to safeguard long-term economic growth in the state.
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A team of engineers at the University of New South Wales has made a quantum computing breakthrough that will simplify control of individual atoms used to store data at the sub-atomic level in nanoelectronic devices. Their study, published yesterday in Nature, reported the team had succeeded in controlling the nucleus of a single atom using…
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Comment by Peter Roberts The federal government has added to frustration about its stance on potential exports of green hydrogen, announcing $40 million in funding to establish a Future Energy Exports (FEnEx) Cooperative Research Centre. The FEnEx CRC, announced alongside a new CRC for Transformations in Mining Economies (CRC TiME), will develop ‘technologies to improve…
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The Advanced Manufacturing Growth Centre has joined efforts by a group of Queensland companies to develop new lightweight composite rocket tanks. Gilmour Space, the University of Southern Queensland, Protonautics and Graphene Manufacturing Group are hoping to cut the weight of Gilmour’s rockets to deliver payloads of up to 250 kg such as small satellites into…
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Australasian dairy powerhouse a2 Milk will extend its brand into the Canadian milk market through a lcensing deal. Canada’s Agrifoods Cooperative will produce, distribute and market a2 Milk which is taking increasing market share wherever it is sold. a2 Milk CEO Geoffrey Babidge said: “We are very pleased to form this partnership with Agrifoods through…
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Adelaide marine battery and engineering group PMB Defence has been awarded one of the most critical contracts let so far for Australia’s fleet of Attack class submarines. The company and Greece’s Sunlight Systems have been awarded contracts for studies and design of the submarine’s Main Storage Batteries Stages 1 and 2. PMB Defence, formerly Pacific…
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