Manufacturing company monthly turnovers went up slightly in latest ABS data 

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,…

Turkish machine builder makes $2.5 million strategic investment in Titomic

Turkey-based metal forming machine specialist Repkon Makina ve Kalip has become a strategic investor in Titomic, acquiring a $2.5 million stake in the Australian large-scale additive manufacturing business. Repkon would be issued 9,615,384 ordinary fully shares at 26 cents a share, according to a statement to the ASX by Titomic on Tuesday. The two companies…

Verton to test innovative lifting for strong winds

An industry research project to develop new systems for precision handling of heavy loads such as the installation of giant wind turbine blades in strong winds has progressed to proof of concept testing. Backed by $178,000 in commercialisation funding from the Advanced Manufacturing Growth Centre (AMGC), lifting and load orientation products manufacturer Verton’s Windmaster is…

H2X, Thales to make green ammonia in Borneo

Hydrogen fuel cell vehicle manufacturer H2X Global has joined with French group Thales New Energy to deliver GW-scale green ammonia and hydrogen for export from Sarawak, Malaysia The partners and the Sarawak Economic Development Corporation (SEDC) will build GigaWatt-scale green hydrogen and ammonia generation facilities at the Samalaju Industrial Park and Port. The facility will…