A grant round totalling $33 million of assistance to seven food manufacturers has been announced. The funding is the latest tranche of the Modern Manufacturing Initiative’s integration and translation streams, following announcements since February covering the Space, Resources Technology & Critical Minerals Processing, and Medical Products sectors. Assistance worth between $1 million and $20 million…
Chemicals and explosives manufacturer Orica has revealed a statutory net loss after tax for the year ended September 30 of $174 million in a horror market that the company described as ‘challenging’. However directors reported an underlying earnings before interest and tax (EBIT) of $427 million, which was countered by a big $382 million write-down.…
Regional Corio, Victoria-based industrial service business C6 Group is making a name for itself with a new locally-made system called Katharsis which filters the majority of viral, bacterial and fungal fine aerosols from air in buildings. Katharsis uses a combination of protective technologies for maximum effect, which C6 says is equivalent to applying a P2/N95…
By Peter Roberts The board of Australian defence communications and technology company Codan has announced a new CEO to replace Donald McGurk (pictured) who is retiring after 21 years at the helm. Alf Ianniello has big shoes to fill, with the company’s share price plunging on the announcement of McGurk’s departure in August from $17.64,…
A Monash University team has been awarded $US 250,000 in the XPRIZE Carbon Removal Student Competition, which is part of the global, four-year $US 100 million carbon removal competition. The Monash Carbon Capture and Conversion (MC3) team was one of 23 winners in the $US 5 million round, said Xprize, with 18 teams awarded $US…
The national science agency will support up to 25 small to medium businesses working in the Australian space sector with a new program that offers training, mentorship, and access to research facilities.
A new Monthly Business Turnover Indicator released by the Australian Bureau of Statistics (ABS) on Wednesday showed turnovers at manufacturing companies up slightly, rising 0.7 per cent over September. In the second release of the experimental monthly economic indicator — following August figures released last month — it showed turnovers fell for most industries. “Electricity,…
Electrical engineer Ampcontrol has partnered with space tracking firm LeoLabs Australia on an ambitious $240 million project to construct new factories and upgrade others to build and maintain sophisticated radar systems. Dubbed the Aussie Space Radar Projct (ASRP), the project comes with a direct $160 million investment by LeoLabs Inc – the largest investment by…
By Peter Roberts Andrew Forrest’s Fortescue Future Industries (FFI) has made good with its initial promises to pivot its iron-ore business to build what the company hopes will become the world’s powerhouse in green energy industries. It was only on January 26 this year that Forrest stunned the business world when he made an impassioned…
Prime minister Scott Morrison has announced $500 million for a new public-private fund to invest in emerging low-carbon technologies, with legislation for this to be introduced before the end of the parliamentary term.