The world’s largest aluminium shipbuilder Austal today reported earnings before interest and tax of $70.5 million in the half year to December 31, well up on the previous corresponding period’s $59.9 million. However first half revenue actually fell from $1 billion to $840 million due to a higher A$, lower throughput in the United States,…
Australian innovation incubators and circular economy groups are behind a successful first capital raising by New Zealand company X-Frame which aims to bring circular economy thinking to lightweight timber building construction. Adelaide technology incubator Innovyz and the state-government backed Green Industries South Australia were instrumental in raising $485,000 for the start-up. Green Industries ran a…
This week marks another milestone in the penetration of Asia Pacific markets of the plant-based burger first developed for the Australian Hungry Jack’s chain. South Korea has become the fifth country in the region where Burger King restaurants are offering offering the Plant Whopper developed by CSIRO offshoot v2Food. Burger King Korea customers will be…
CSIRO is to develop new medicinal cannabis products to help people with a variety of conditions including multiple sclerosis and chronic pain. Under a new licence, CSIRO will partner with local manufacturers to drive the development of new cannabis therapeutics, a market projected to be worth US$44 billion by 2024. CSIRO Scientist, Adjunct Professor Peter…
Melbourne battery control technology company Relectrify today announced the release of its commercial & industrial (C&I) energy storage systems based on its BMS+Inverter technology. The modular 120kWh systems are made from second-life electric vehicle (EV) batteries – cells that have been retired after use in electric vehicles. Relectrify’s life-extending BMS+Inverter technology results in up to…
The assertion by The Australian newspaper for it to be ‘too late to save manufacturing’ is grounded in a lack of understanding. First, in what is manufacturing. Second, in how it is measured, and third in how it has evolved.
French submarine builder Naval Group has announced a step up in research and innovation with the establishment of a CNRS International Research Lab (IRL) Crossing lab in Australia. The company, which is building Attack class submarines in Adelaide, is the industry partner in the Crossing laboratory along with the Centre National de la Recherche Scientifique…
Calix moves from loss to profit Industrial chemicals and process technology company Calix today reported strong sales and profit growth in water treatment business which underpins commercialisation in processing, biotechnology, battery materials and CO2 mitigation. The company moved from a loss to a profit of $3.06 million in the half year to December 31 on…
Geelong carbon fibre road wheel manufacturer Carbon Revolution has given new details of its plans to raise output through the construction of new mega-line production equipment. The company announced revenue down 14.1 per cent in the first half but said it expected growth in existing wheel programs and the award of new wheel contracts for…
Vitamin manufacturer Blackmores is achieving positive results from a three-year turnaround enabling it to increase sales and market penetration in fast-growing Asian markets and build a new business in pet supplements. The Sydney company today reported underlying earnings before interest and tax up 15 per cent to $30.8 million in the half year to December…
