Two straight months of growth for manufacturing came to an end in August, according to the Australian Industry Group’s Performance of Manufacturing Index, with the Melbourne lockdown contributing to the negative result.
Space, communications and defence manufacturer Electro Optic Systems experienced a horror last Covid-19 seven days to the second half of 2020. The Canberra company reported major disruptions to its supply chain in the last week of June interrupted product delivery and delayed revenues until later this year. The half year result was a loss after…
Hearing implant manufacturer Cochlear is pressing ahead with construction of its first Chinese manufacturing plant in Chengdu in Sichuan province (pictured). The $90 million investment was announced in 2017 ‘to facilitate local market growth and provide additional manufacturing support for products in China and emerging markets’, according to the company. It is believed the plant…
Unmanned aircraft engine manufacturer Orbital achieved earnings before interest and tax of $2.6 million on revenue up in what was a transformative year for the company to $33.8 million. The Perth company was named primary engine supplier to Boeing subsidiary Insitu during the year and brought its second Insitu engine model into production. A third…
The Academy of Technology and Engineering (ATSE) has expressed ‘serious concern’ at the Australian government’s decision to limit the scope of Round 10 of the Cooperative Research Centres programme’s CRC-P Grants. Academy president Professor Hugh Bradlow said Canberra should address concerns raised earlier in the week by by ATSE Fellow Dr Tony Peacock who is…
Bisalloy’s profits up 45 per cent High strength steel manufacturer Bisalloy Steel has grown earnings before interest tax depreciation and amortisation (EBITDA) 45.9 per cent in FY2020 as efficiencies and markets grew. The company reported sales up 12.8 per cent for the year to $110.7 million as domestic sales grew 30 per cent. While its…
Australian Strategic Materials’ (ASM) joint venture partner has produced 20.8 kg of high purity titanium metal, with a purity of 99.83 per cent (pictured). South Korea’s Zirconium Technology Corporation (ZironTech) produced the metal, confirming the energy usage at approximately 30 per cent of the standard titanium industry processes. The company’s metal technology energy usage is…
Applications for Moon to Mars Supply Chain Capability improvement grants opened on Thursday, with successful companies to be awarded between $250,000 and $1 million covering up to 75 per cent of project costs.
Modular data centre manufacturer DXN has signed a $1.5 million contract to supply a factory-built data centre to gold miner, Newcrest Mining. DXN will build, ship and install the prefabricated data centre for its Cadia mine in central west New South Wales. The Perth company’s CEO, Matthew Madden said the centre would incorporate critical infrastructure…
Housing and construction slowdown hits ADBRI Cement, lime and building products manufacturer ADBRI was hit in the first six months of this year by bushfires, smoke and floods and by lower residential demand. Revenue in the half of $700.7 million was down from $755.7 million in the previous corresponding period. Earnings before interest and tax…
