Infant and goat milk group Bubs Australia is powering ahead with its plans to penetrate the China market, boosting revenues by 37 per cent on the previous year to $28.8 million in the December half. The company was focused on market development in the period, penetrating new distribution channels in China, entering the Vietnam market…
AMX2020 will run from May 13 to May 15 at the Sydney Showground, and cover themes including automation and robotics, industrial IoT, and government grants.
The Bondor Metecno Group and its partners will use a $2.7 million Cooperative Research Centre Projects grant to transform plastic waste into lightweight prefabricated building products. The leading manufacturer of insulated wall, ceiling and roof panels will work with Pipemakers Australia , M Modular Pty Ltd and the University of Melbourne to boost the local…
Detailed planning for Australia’s Hunter Class Frigate Program is well underway as local companies vie for a slice of the $35 billion project.
Industrial scale additive manufacturing company Titomic has made a breakthrough sale of two massive production machines with the total sale valued at $25.5 million (US$16.8 million). The company changing deal is with Composite Technology, an Australian R&D and commercialisation division of a global defence product manufacturer. Titomic’s Titomic kinetic fusion (TKF) production process will be…
Underwater systems composite manufacturer Matrix Composites & Engineering has continued its turnaround posting an underlying EBITDA for the first half of $1.2 million, a $3.4 million improvement on the lost recorded in the previous corresponding period. The manufacturer of underwater buoyancy systems for the offshore oil and gas sector saw revenue increase from $11.3 million…
Food group Longtable has significantly reduced costs and improved profitability since Maggie Beer sold her eponymous food brand and joined the company as part-owner and director. Two of the company’s three brands, Saint David Dairy and Maggie Beer Products are cash flow positive and profitable with double digit EBITDA margins according to the company’s first…
The local content figure for the $80 billion Attack class submarines to be built in Adelaide appears to be settling at 60 per cent.
Graphene materials company First Graphene and boot maker Steel Blue have developed a graphene enhanced safety boot. The companies showcased the new boots, which incorporate the carbon-based nanomaterial in thermoplastic polyurethane (TPU) boot soles and foam innersoles at a presentation at the company’s commercial graphene facility at Henderson in WA. The companies have developed a…
Vitamin manufacturer Blackmores is to refocus its business and streamline product development after net profit after tax plunged by 47 per cent to $18 million in the December half year. The Sydney company announced first half revenue down five per cent on the previous corresponding period to $303 million, with Australian sales down 20 per…
