Vital Signs: a 3-point plan to reach net-zero emissions by 2050
Every January Larry Fink, the head of the world’s largest funds manager, BlackRock, sends a letter to the chief executives of major public companies.
Traffic Technologies hits a roadblock
A slowdown in the market and delays in the approval of infrastructure projects has hit traffic light, electronic road signage and road lighting group Traffic Technologies. EBIT for the Melbourne company plunged to $500,000 for the half year to December, down from $2.5 million the year before. This was struck on revenue down from $25…
Clean Energy Council backs ARENA funding
The Clean Energy Council has called on the federal government to secure continued funding for the Australian Renewable Energy Agency in the next federal budget. The agency’s funding is expected to be exhausted by the end of 2020, before its scheduled wind-up in 2022. Clean Energy Council Chief Executive Kane Thornton said ARENA had played…
Quickstep cements its position in composites
Quickstep Holdings has cemented its position as the country’s leading composites manufacturer with a first half net profit of $1.5 million, a $600,000 improvement on the previous corresponding period. The company reported sales of its aviation and aerospace components up 16 per cent in the half to $27.9 million. Revenues for components for the F-35…
Ridley defies drought to maintain animal feed profits
Diversified animal nutrition business Ridley Corporation was hit by drought conditions across eastern Australia during 2019 but reported steady earnings after a recovery late in the year. The company reported an operating EBITDA of $30.7 million for the first half of the year after providing $7.2 million for the closure of a feed mill at…
Gladstone to get “first in Australia” gas network hydrogen supply
A $1.7 million grant has been announced to support a new gas injection facility, which will add up to 10 per cent hydrogen into Gladstone’s gas network.
a2’s specialised milks show strong growth
Australasian dairy powerhouse a2 Milk continued its rapid growth in the first half of the year, boosting revenues and profits and accessing an increasingly global marketplace. The company booked an EBITDA up 20.5 per cent to NZ$263.2 million on total revenue up 31.6 per cent to $806.7 million. Net profit after tax was $184.9 million.…
Bubs powers ahead in infant formula market
Infant and goat milk group Bubs Australia is powering ahead with its plans to penetrate the China market, boosting revenues by 37 per cent on the previous year to $28.8 million in the December half. The company was focused on market development in the period, penetrating new distribution channels in China, entering the Vietnam market…
Advanced Manufacturing Expo preliminary program now available
AMX2020 will run from May 13 to May 15 at the Sydney Showground, and cover themes including automation and robotics, industrial IoT, and government grants.
Bondor to recycle plastics into prefabricated building components
The Bondor Metecno Group and its partners will use a $2.7 million Cooperative Research Centre Projects grant to transform plastic waste into lightweight prefabricated building products. The leading manufacturer of insulated wall, ceiling and roof panels will work with Pipemakers Australia , M Modular Pty Ltd and the University of Melbourne to boost the local…