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,…
Grant applications have opened for medical products manufacturers under the Modern Manufacturing Initiative, with funding between $1 million and $20 million available for successful applications.
Austin Engineering rebuilds with mining Mining equipment manufacturer Austin Engineering recovered from the effects on investment in mining of the Covid-19 pandemic in the first half year to December 31 reporting total revenue in line with expectations of $87.9 million. Normalised earnings before interest, tax, interest, depreciation and amortisation (EBITDA) was 32 per cent up…
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…
Health food company ATP Science says it will boost staff and reach new markets through a $3.2 million investment in new factory equipment.
Specialised milk producer a2 Milk has seen its turnover and profits plunge as the Covid-19 pandemic interrupted its supply chains into the China market. The company announced today earnings before interest, tax, depreciation and amortisation (EBITDA) down 32.2 per cent for the half year to December 31 to $166.7 million (NZ$178.5 million). Revenues were down…
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…
Cochlear clear to sell new sound processor products Hearing technology company Cochlear has received US Food and Drug Administration and CE Mark approval for its new Cochlear Baha 6 Max Sound Processor. With increased power without increasing in size, the bone conduction processor improves hearing outcomes for people with single-sided deafness, conductive or mixed hearing…
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…
