Carbon Revolution rushes to raise $25 million in virus response

When the going gets tough, the tough get going. Only a few months after listing carbon fibre composite automotive wheel manufacturer Carbon Revolution has completed a rushed $25 million capital raising. The company completed a non-underwritten institutional share placement ‘to position the company as strongly as possible to deal with the impacts on the business…

Manufacturers may be called up to defeat virus

The federal government has reached out to the manufacturing sector to help defeat the coronavirus now threatening Australia. The government has issued a request for information from companies capable of supplying medical personal protective equipment (PPE). This includes surgical gowns, gloves, goggles, hand sanitisers, clinical waste bags, waste bag closure devices (ties), blood and fluid…