Mining equipment manufacturer Austin Engineering has declared its first dividend in six years as mining customers returned to purchasing its world-leading range of ore dump truck bodies. The company manufactures surface and underground dump truck bodies, buckets, water tanks, tyre handlers, engineering solutions and other ancillary equipment used in the mining industry. While Austin reported…
The time is ripe for electronic product manufacturers in Australia to bring manufacturing back home, according to the Circuitwise General Manager Serena Ross. With the Covid-19 coronavirus causing massive disruption to the electronics manufacturing base in China, Ross says product developers should take a closer look at the business case for manufacturing in Australia. “We…
Structural, armour and wear-resistant steel manufacturer Bisalloy increased market share and margin per tonne sold in the Australian market in the first half of the 2019 financial year. The Unanderra, NSW company today reported EBIT for the half of $4.7 million on revenue up 12.7 per cent over the previous corresponding period to $56.4 million.…
Defence, communications and space technology group Electro Optic Systems is experiencing boom conditions sending sales and profits sky high. During the December half year EBIT soared 194 per cent to $21.7 million on revenue up 91 per cent to $166 million, according to announcements today. The company ended 2019 with a backlog of $620 million,…
Climate change think tank Beyond Zero Emissions has argued for emissions reductions targets in Victoria in a new report, Electrifying the Manufacturing State.
A slowdown in the market and delays in the approval of infrastructure projects has hit traffic light, electronic road signage and road lighting group Traffic Technologies. EBIT for the Melbourne company plunged to $500,000 for the half year to December, down from $2.5 million the year before. This was struck on revenue down from $25…
The Clean Energy Council has called on the federal government to secure continued funding for the Australian Renewable Energy Agency in the next federal budget. The agency’s funding is expected to be exhausted by the end of 2020, before its scheduled wind-up in 2022. Clean Energy Council Chief Executive Kane Thornton said ARENA had played…
Quickstep Holdings has cemented its position as the country’s leading composites manufacturer with a first half net profit of $1.5 million, a $600,000 improvement on the previous corresponding period. The company reported sales of its aviation and aerospace components up 16 per cent in the half to $27.9 million. Revenues for components for the F-35…
Diversified animal nutrition business Ridley Corporation was hit by drought conditions across eastern Australia during 2019 but reported steady earnings after a recovery late in the year. The company reported an operating EBITDA of $30.7 million for the first half of the year after providing $7.2 million for the closure of a feed mill at…
A $1.7 million grant has been announced to support a new gas injection facility, which will add up to 10 per cent hydrogen into Gladstone’s gas network.
