Treasurer Josh Frydenburg’s message to business is “to back yourself and use your balance sheet to invest and grow.” Whilst we may not agree with all his policies, it is clear there is a significant need to invest in R&D, innovation and ways to enhance productivity, whether that’s through new technologies or processes to improve performance.
Holden has dumped its once market-leading Commodore nameplate as sales of the brand continue to tank. With sales of about 6,000 a year, the model is obviously unviable. But then again it was always on the cards – no-one really expected that buyers of the big rear drive Commodore made in Adelaide until 2017 would…
Two major engineering contracting, manufacturing and maintenance groups have joined forces with the purchase of BCG Contracting by NRW Holdings (ASX: NWH). BCG will be renamed NRW with the combined group employing 8,300 in numerous facilities and factories in every mainland state. More than 13,500 casual staff are also employed. NRW is a diversified provider…
Comment by Peter Roberts Having failed in its last attempt to slash the cost of, I mean ‘reform’ the R&D tax incentive – its own Senators refused to vote for it – the government is trying yet again. Smarting from a rejection of its efforts to slash, I mean ‘reform’, the scheme earlier in the…
Emerging South Australian biotechnologies will be accelerated through a Chinese-backed $AU45 million investment fund aimed at commercialising health research for the global market.
An important part of the World Trade Organization will cease to function from midnight. December 10 is when the terms of two of the remaining three members of its Appellate Body expire. It is meant to have seven.
Few manufacturing companies can hope to grow revenues and profits by more than 20 per cent a year but this is the winning hand that is held by Sydney’s Aristocrat Leisure (ASX: ALL). One of the world’s largest manufacturers of gaming machines, and an emerging power in online and digital gaming, Aristocrat recently announced results…
Lithium processing technology group Lithium Australia (ASX: LIT) and battery materials group Novonix (ASX: NVX) have announced separate advances in battery materials and lithium ion battery manufacture. Novonix announced it has sold 500 tonnes of lithium-ion battery anode material to Samsung, while Lithium Australia announced a new battery venture to evaluate local manufacture. Novonix will…
Cardiac surgery product developer Admedus (ASX: AHZ) has announced a major order of its cardiac repair devices to its US-based distributor. The Queensland-based company sold 12,500 CardioCel and VascuCel patches to LeMaitre Vascular Inc for the year ahead, a figure which exceeds global sales for the products over the past year. CardioCel and VascuCel patches…
Carbon fibre road wheel manufacturer Carbon Revolution (ASX:CBR) made a spectacular debut on the stock exchange after raising $90.1 million and listing on the ASX. The Geelong company’s $2.60 shares soared immediately reaching as high as $3.81, before closing at $3.55 with a market capitalisation of $450 million. The stunning debut caps off the company’s…
