Major premium and commercial wine exporter Treasury Wine Estates has confirmed a likely 21 per cent fall in earnings for the 2020 financial year following trading upset by the impact of the Covid-19 pandemic and a poor harvest. The maker of Penfolds, Grant Burge and Lindemans wines among a host of others told investors that…
Composites group XTEK has received a purchase order from the Australian Defence Force (ADF) for the supply of additional AeroVironment WASP AE Small Unmanned Aerial Systems (SUAS). The order, worth $2.8 million, is in addition to the ongoing SUAS supply contract to the ADF. The AeroVironment craft provides real-time video and thermal data, covering a…
By Stuart Corner Australian dairy products manufacturer, Bega Cheese will deploy Cumulocity, Software AG’s IoT platform, to build an IoT service linking supplier farms, milk transport storage and processing facilities, in conjunction with Swinburne University of Technology. The system will provide real time data on milk production at farmer suppliers including volumes, temperature, quality composition,…
The New Zealand Army is to purchase Bushmaster armoured vehicles developed and manufactured by French Thales Group in Bendigo. Thales will supply 43 Bushmasters in a deal worth $75 million. Bushmaster is a heavy 11-tonne, 4×4 protected vehicle with a 4-tonne payload and a V-hull design which deflects explosions away from the passenger cabin. The…
Industry association South East Melbourne Manufacturers Alliance has joined the Australian Made Campaign as a Campaign Associate.
An analysis has described how it is “technically and commercially feasible” to build a lithium ion battery processing, manufacturing and trading hub in Western Australia.
A new platform for the delivery of the federal government’s research and development tax incentive will be launched next year, with consulting giant Deloitte landing a $1 million contract to help build it.
Biotechnology giant CSL has stepped up the fight against Covid-19 with the announcement it has begun trials to evaluate its monoclonal antibody CSL312 for respiratory distress. The company’s CSL Behring arm has begin phase II placebo-controlled studies on the safety and efficacy of the garadacimab, Factor XIIa antagonist monoclonal antibody for patients with Covid-19 related…
Comment by Peter Roberts Rio Tinto will close New Zealand’s largest aluminium smelter operated by New Zealand Aluminium Smelters (pictured) in what should be a stark warning to the Coalition dithering on energy policy. A strategic review of the smelter which produces 335,290 tonnes of ultrahigh purity aluminium from Australian bauxite found the business is…
Sydney premium vitamin manufacturer Blackmores has found strong investor support for its capital raising with a share purchase plan closing significantly over-subscribed. The company had beem planning to raise $25 million but received applications from existing shareholders for new shares worth $77 million. The company decided to scale back allocations to individual investors on a…
