Defence offers grants of up to $1 million to SMEs.

The federal government has announced a new grants scheme offering up to $1 million for projects that help meet Australia’s defence industrial capability priorities. The government’s Sovereign Industrial Capability Priority Grants scheme aims to build the capacity and resilience of Australian small-to-medium sized business. Grants may be used to fund capital equipment (including specialist software…

BlueScope steel boosts its SE Asian manufacturing network.

BlueScope Steel (ASX: BSL) has purchased new steel coil treatment, galvanising and painting operations to add to its growing presence in South East Asia. The Melbourne company’s Malaysian subsidiary announced it would pay $42 million to buy YKGI Holdings Berhad’s (YKGI) manufacturing facility in Klang, Malaysia. The assets comprise a Push-Pull Pickling Line, Cold Rolling…