Cheesemakers face opportunities as well as volatility, says new report
The new Global Cheese Trade Dynamics report finds that trade opportunities remain “broadly favourable” but exist within a time of economic instability.
Admedus sells cardio business for $36 million
Cardiovascular device manufacturer Admedus (ASX: AHZ) has sold the distribution rights to its CardioCel and VascuCel product range for $A36.2 million to LeMaitre Vascular Inc. The company, whose ADAPT engineering process produces implantable tissue bio-scaffolds for a range of cardiovascular and vascular applications, will receive $22.8 million in an upfront payment. the remainder will flow…
Nectar Farms to invest $220 million in hydroponics
Young agri-business Nectar Farms will invest $220 million to build a 30 hectare glasshouse fuelled by solar PV energy at Stawell, Victoria in its first project linking power generation to mass horticultural production. The project go ahead comes after the Victorian government signed up as a cornerstone customer for the proposed the Bulgana Green Power…
Benefits begin to flow from inland rail project
With work accelerating on the 10-year, multi billion dollar Inland Rail project, benefits are beginning to flow through to local businesses and railway suppliers. The new 1,700km line, which will link Brisbane and Melbourne via regional centres, has called for expressions of interest for a number of major inputs including a requirement for sleepers for…
IMCRC powers manufacturing transformation
The Innovative Manufacturing Co-operative Research Centre is living up to its promise of driving industrial transformation, reporting $140 million worth of manufacturing research underway by June 30 this year. In its annual yearly highlights just released, CEO David Chuter reported a further $23 million of government cash had been invested alongside industry to create new…
Local manufacturer Trendpac inducted into the Family Business Australia’s Hall of Fame
Berkeley Vale manufacturer, TrendPac has been inducted into the Family Business Australia NSW/ACT Hall of Fame. The second-generation company shared the prestigious honour alongside Ella Bache and joins former NSW inductees, including Raine & Horne, Akubra Hats, Kennards Hire, Scenic World, and another Central Coast family business, Sharpe Bros., who were inducted in 2008.
French company joins Adelaide cyber-tech hub
French cyber tech company Squad will establish a presence in South Australia’s new space, innovation, defence and cybersecurity precinct.
Horizons open up for medtech funding
Applications opened on Wednesday for grants in the third round of the federal BioMedTech Horizons program.
VEEM weathers choppy seas to make good progress
Perth marine engineering group VEEM has grown profits in the latest financial year despite the cyclical nature of some of its big ticket defence contracts. The company, which manufacturers ships propellers, drive shafts and stabilising gyro systems, recorded net profit after tax of $2.76 million in 2019, up $500,000, on turnover of $40.7 million. EBITDA…
Gas network up to hydrogen challenge – industry
Australia’s gas industry is up to the challenge and opportunities presented by the increasing use of hydrogen as a fuel, according to industry players. The Australian Pipelines and Gas Association ceo, Steve Davies told the APGA annual convention yesterday that Australia’s 45,000 kilometres of high pressure gas pipelines were the optimal infrastructure to deliver gas.…