SunRice announces 100 jobs to be shed in 2020
SunRice has announced it will cut another 100 jobs next year, following two consecutive years of record low rice crops.
Plant based burger venture raises $35 million
v2food which developed the Hungry Jack’s plant-based Rebel Whopper has raised $35 million in venture capital to fund R&D and build a production facility. The company, which used CSIRO R&D capabilities to launch the new burger earlier this year as reported in @AuManufacturing, raised the cash from Australian and Asian interests. Tipping in funds, according…
Baxter Labs celebrates 25 years production
Melbourne pharmaceutical manufacturer Baxter Laboratories has celebrated 25 years as a manufacturer of skin care products, sunscreens and topical pharmaceutical. Staff paused to celebrate 25 years of service at the plant yesterday (below). The company offers a complete service to third parties from research and development to regulatory services, manufacturing, filling , warehousing and global…
Brickworks confident US expansion will pay off
Brick manufacturer Brickworks (ASX: BKW) is confident that its acquisition of three US brick makers within the space of a year will pay off. Brickworks managing director Lindsay Partridge told the company’s annual general meeting that with integration complete in 2020, its US businesses would have the scale to materially impact company earnings. Brickworks has…
Defence grant to develop more capable drone surveillance
Melbourne drone technology company AVT Technologies has been awarded $5.2 million to develop a system to improve the quality of images taken by drones. The grant from the Defence Innovation Hub follows an earlier $2 million grant to develop a micro gimbal weighing less than 250g that features 50x zoom and thermal imaging. AVT is…
HSV doubles vehicle production post Holden era
Siemens Australia CEO Jeff Connolly has revealed how HSV, the former special vehicles division of General Morors Holden, has re-invented itself following the closure of mass automotive assembly. Writing on Linkedin, Connolly said the company had completely re-engineered its business model and was now thriving. Connolly said: “It reminds me of the old saying, one…
Lithium Australia buys more of Envirostream recycler
Lithium processing technology group Lithium Australia (ASX: LIT) has increased its shareholding in lithium ion battery recycler Envirostream. The Perth company said today it had paid $100,000 to move from a 23.9 per cent holding in Envirostream to a 73.7 percent interest. Lithium has developed its own technologies for separation metals such as lithium, nickle…
Lion to sell dairy assets to Bellamy’s buyer Mengniu
China Mengniu Dairy has agreed to buy Lion’s dairy and drinks business for $600 million.
Advanced Navigation raises $20 million for expansion
Robotics and AI sensor business, Advanced Navigation, has raised $20 million to expand its global research and manufacturing footprint. The company, which develops and manufactures navigation systems, inertial sensors, acoustics, positioning systems and robotics, raised the cash from Main Sequence Ventures’ CSIRO Innovation Fund, and US venture firms Brick & Mortar Ventures and In-Q-Tel Inc.…
Australian clothing manufacturer wins army contract
Victorian clothing manufacturer Australian Defence Apparel has won a contract to provide load carriage equipment to the army. The company, which operates a large clothing factory in Bendigo (pictured), will provide a range of mission essential carrying equipment. According to the army, this makes up a soldier’s ‘combat ensemble’ (below) and includes:: # Modular belt…