Sydney premium vitamin manufacturer Blackmores has found strong investor support for its capital raising with a share purchase plan closing significantly over-subscribed. The company had beem planning to raise $25 million but received applications from existing shareholders for new shares worth $77 million. The company decided to scale back allocations to individual investors on a…
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Carbon fibre composite automotive wheel manufacturer Carbon Revolution has revealed that the Covid-19 pandemic is affecting demand for its product. The Geelong producer told investors that its sales growth was being affected, in turn cutting growth projections in the first half of the financial year. As recently as April Carbon Revolution was bullish about its…
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Composites manufacturer Quickstep Technologies has supplied the United States Marine Corps’ AV-8B Harrier fleet with 260 urgently needed, obsolete aircraft parts. Sydney-based Quickstep produced the parts for the vertical short takeoff and landing (V/STOL) aircraft on short notice under a contract with Boeing Global Services. Originally built by McDonnell Douglas, the Harrier II is a…
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Semiconductor device developer Bluglass will develop new machinery to manufacture devices such as laser diodes, LEDs and microLEDs with the aid of a grant from the Advanced Manufacturing Growth Centre. AMGC will contribute $250,000, matched by the company, to a project to manufacture more efficient plasma deposition sources for the company’s 300 series RPCVD systems.…
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Australian Parliament will listen to witnesses about the importance of strong domestic supply chains, collaboration, and resilience for manufacturers at a public hearing on Thursday.
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Indigenous Business Australia has built a satellite ground station at Alice Springs – the first development of its kind on aboriginal owned land. The ground station, fully built, project-managed and owned by indigenous companies, will transform Australia’s capability in earth observation. The new infrastructure has the potential to reduce the latency for high resolution earth…
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Oz Health Plus has purchased machinery from Germany’s Oerlikon Nonwoven for producing fabric for medical masks, filling what it says is an important supply chain gap for Australia.
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Perth shipbuilder Austal has delivered the first of two 118 metre long car and passenger ferries to shipping line Fred Olsen Express. The Bajamar Express (pictured), part of an order worth $190 million, was handed over at a ceremony held at Austal’s shipyard at Henderson, south of Perth. The aluminium trimaran, capable of transporting more…
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Microbiology diagnostic device manufacturer LBT Innovations has signed up leading diagnostics group Beckman Coulter as its distributor for the European Union. The company has been commercialising its APAS Independence laboratory instrument (pictured below), an imaging, interpretation, sorting and reporting machine that automatically examines culture plates for the presence of bacterial colonies. Beckman Coulter has signed…
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3D metal printers manufacturer Aurora Labs is switching its strategy away from engineering and manufacturing towards a licensing and royalty business model. The Perth company’s review of its technology charted a new, less costly 12 month pathway to commercial readiness. The maker of S-Titanium Pro printers (pictured), metal powders and digital parts said it would…
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