The state government has announced a NSW Space Industry Development Strategy and $5 million in support for a new space industry hub, which it hopes will lure in startups operating within the fast-growing space sector.
Recently listed carbon fibre composite wheel manufacturer Carbon Revolution is aiming to be EBITDA positive in the last quarter of the financial year as it continues to ramp up production. In its first report as a public company Carbon Revolution reaffirmed its aim of total revenue for the year of $62 million and production of…
Perth shipbuilder Austal has come of age as the leading builder globally of large high-speed vessels with stellar results in the first half of the year. The company reported an EBIT jump of 48 per cent to $59.9 million for the half on turnover up 22 per cent to $1.039 billion, a record for the…
Entrepreneurial Adelaide company Eyre to There Aviation is planning to be Australia’s first manufacturer of electric aircraft after signing an agreement with a European designer.
Uncertainties in the recycling sector did not prevent waste management group Cleanaway increasing revenue and profits during the year. The company reported EBITDA up 2.5 per cent in the first half to $234.6 million on sales up 4.1 per cent to $$1.19 billion. The company’s $671 acquisition of Toxfree Solutions and subsequent integration into the…
More than 1000 space leaders including NASA representatives and the president of the Italian Space Agency are in Adelaide today for an industry forum as the local sector continues to gain momentum.
Chemicals and explosives group Orica will take the lead in the Latin American explosives market buying Exsa, Peru’s leading manufacturer and distributor of industrial explosives. Orica will pay $302 million to penetrate the region’s fastest growing market and create a step-change in the company’s manufacturing footprint. As part of the deal Orica will integrate into…
A beverage maker, packaging group and waste management company will jointly develop a plastic pelletising plant in Albury/Wodonga to close the loop and contribute to a circular economy. Pact Holdings, Cleanaway Waste Management and Asahi Beverages plan a facility to process up to 28,000 tonnes of plastic bottles and recyclables into flake and food grade…
Additive manufacturing technology business AML3D is pushing ahead with its plan to list on the ASX next month and raise $9 million to fund its expansion in Australia and overseas.
A $2.9 million project led by ASC Shipbuilding will develop “cutting-edge manufacturing technologies” for use on the Future Frigates program.
