By Peter Roberts Additive manufacturing company Amaero International (ASX: 3DA) has revealed a swift move from losses to profits in filings with the ASX following its $8 million capital raising and listing on the exchange. The company’s 2019 accounts reveal a profit before tax of $454,266 for the year, an improvement on the $1.5 million…
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NSW deputy premier John Barilaro has announced a third special activation precinct (SAP), this time in Moree, to generate business opportunities from the construction of the Inland Rail from Melbourne to Brisbane. The precincts are designed to “unlock the opportunity for investment in regional NSW” by attracting businesses according to a statement. The Queensland government…
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Agricultural chemical manufacturer Nufarm (ASX: NUF) has been given the go ahead by shareholders to sell its South American division to Nufarm shareholder, Sumitomo for $1.2 billion. The Melbourne company, which has faced headwinds in Australia with the prolonged drought and in the United States with extensive flooding, received the go ahead in an overwhelmingly…
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Energy company AGL has installed more than 10,300 solar panels across the company’s two Barossa Valley wineries in South Australia, with a predicted annual generation of 4,000 megawatt-hours.
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The Lytton lubricants refinery in Brisbane has seen profit halved in the past year in the downsized manufacturing arm of oil refiner and petrol retailer Caltex. The company told investors that EBIT for the lubricants and oils plant this calendar year was likely to be between $75 and $85 million, down from $161 million the…
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Australian researchers have made a breakthrough in alloy design for 3D printing, improving the properties of parts for future applications in medical, aerospace and other industries.
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Carbon nanotube concrete additive developer, Eden Innovations (ASX: EDE) has had its products approved for use in the US state of Vermont. The company announced the Vermont Agency of Transportation (VTrans) had approved both EdenCrete and Edencrete Pz, which improves concrete performance with a high content of pozzolans such as fly ash, slag, silica fume.…
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Western Australia’s ‘battery valley’ centre for processing and manufacture of battery materials is taking shape with approval for a third facility in the Kwinana industrial area south of Perth. High purity alumina (HPA) producer FYI Resources (ASX: FYI) has been offered and accepted a site within the Kwinana area to set up an HPA refinery.…
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Nerve technology developer Orthocell (ASX:OCC) has received firm commitments from institutional investors to raise $13 million in a share placement. The company, which is commercialising its CelGro nerve regeneration product, received commitments for well in excess of the figure sought from existing and new investors. The company will also proceed with a share purchase plan…
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Blood products and pharmaceutical group CSL (ASX: CSL) is continuing its focus on innovation, spending more that $1.21 billion (US$832 million) on research in 2019.
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