Recycling technology developed at University of NSW and turning waste into boutique building products has received a boost to its commercialisation, sharing in $5 million awarded to the first round of winners in the NSW Physical Sciences Fund. The five winners were announced on Tuesday November 10, and included a manufacturer of 25 kilogram long-range…
Australian-listed, New Zealand-based Keytone Dairy (ASX:KTD) has announced a completed integration, ahead of schedule, of two powder manufacturing sites into one major site in Melbourne.
A full set of Penfolds Grange spanning 65 vintages from 1951 to 2015 has set a new world record for the iconic Australian red wine selling for $AU372,000.
Having already stepped in to prevent the Whyalla steel works from closing, British businessman Sanjeev Gupta is eyeing off Alcoa’s Portland aluminium smelter in Victoria, according to reports. Gupta, who is investing $2 billion in Whyalla to boost primary steel output and develop solar and pumped hydro renewables projects, is considering a move on the…
Lithium ion battery materials group Lithium Australia (ASX: LIT) has raised $6.4 million from New York institutional investor The Lind Partners. Lind will provide $3 million initially and subsequently subscribe to new shares on a monthly basis to the value if $3.4 million. The initial raising is in the form of a secured convertible security…
Diversified mining equipment and services group PPK Group (ASX: PPK) has bought 45 per cent of armour manufacturer Craig International Ballistics. PPK, chaired by former Industrea boss Robin Levison, paid cash and issued shares to the value of $5 million for 45 per cent of Craig, Australia’s largest manufacturer of body armour. Craig makes personal…
Building products group CSR has cut its CO2 emissions three per cent in 2019 as it continues to exceed its targets to cut its impact on the climate. The manufacturer of Hebel bricks, Monier roofing, Bradford insulation and Gyprock also cut water and enery usage according to its 2019 sustainability report. Potable water usage was…
Wind turbine components are being manufactured and wind turbines assembled in Australia for the first time in a decade at the Vestas Renewable Energy Hub (VREH) in Geelong. The hub, a venture between Danish energy company Vestas and Australian engineering company Marand, has assembled and tested 44 turbine hubs and 36 drive trains, according to…
Naval Group has signed nine different Memorandums of Understanding (MoUs) with Australian SMEs to manufacture its Canto anti-torpedo decoy system. Already in service with the French navy, Canto is being proposed as a torpedo-defence system for the Royal Australian Navy. Canto decoys generate high-level acoustic signals covering the full frequency range of an attacking torpedo,…
Iconic bootmaker Rossi Boots Australia, one of the great survivors of Australia’s textile, clothing and footwear sector, is giving itself a new lease of life under fourth-generation family owners and managers.
