The Foreign Investment Review Board has informed dairy manufacturer Bellamy’s Australia that it has no objection to the company being sold to a Chinese group. The FIRB green light brings closer the sale of Tasmania based Bellamy’s which has made huge inroads into Chinese infant formula markets with its certified organic, Made in Australia product…
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Composite manufacturer Matrix Composites & Engineering (ASX: MCE) has doubled in turnover in a year as investment recovers in its traditional markets and on moves into new product areas. The company reported revenue of $38.2 million in FY2019, up from $19.5 million the year before as oil and gas sector investment recovered, North American sales…
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By Peter Roberts Steelmaking has always been the one area where even in the most carbon constrained industrial future imaginable, the world might just need to use Australian coking coal. But now, thanks to an industrial breakthrough of truly massive proportions, the world may be left with very few critically important uses for coal. German…
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Industrial and safety glove manufacturer Ansell (ASX: ANN) has responded to concerns about the employment of forced labour in its supply chain. Chairman Glenn Barnes told the company’s annual general meeting the company had conducted an audit and tightened up monitoring in its own and its contractors factories. The rubber goods company also terminated one…
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Additive manufacturing company Amaero International (ASX: 3DA) is seeking $8 million from investors to list on the Australian stock exchange and expand its operations. PAC Partners and Jane Morgan Management are roadshowing the Monash University spin-out, previously known as Amaero Engineering, to investors this week along with executives Barrie Finnin and Stuart Douglas. The company…
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Virgin Australia Group and Southern Oil Refinery were among the winners at Wednesday’s Bioenergy Innovation Awards, held at the State Library of Queensland.
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Mars Wrigley has celebrated 40 years of manufacturing at its Ballarat factory.
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Western Australian construction and engineering group Civmec (ASX: CVL) has recovered from project cost over-runs that plagued the company to post a strong profit for the September quarter. The civil, defence and shipbuilding engineer posted revenue of $82 million and NPAT of $3.8 million, a sharp contrast to the year before. The company has a…
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An electric vehicle charging network rolling out a national network of Australian made fast EV charging stations has opened its first charger north of Brisbane as it moves to service the road corridor to the Sunshine Coast. Evie Networks opened an ultra-fast charging station at Coochin Creek on the Bruce Highway, 60 kilometres north of…
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A rights issue is underway in which industrial technology group Environmental Clean Technologies (ASX:ECT) is seeking to raise between $2.75 million and $7.45 million for expansion. The company is developing a number of technologies to upgrade low-grade materials such as brown coal as well as recover waste resources and turn them into new materials. Its…
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