Auction of W.E. Smith Engineering’s assets to be held next week
Coffs Harbour firm W.E. Smith Engineering is liquidating its assets, and an unreserved auction for over 2,000 pieces of equipment will be held the morning of February 28.
EOS in $450 million contract with the UAE
Space and defence industry contractor, Electro Optic Systems (ASX: EOS) has won a contract worth $450 million to supply remotely operated weapons systems to the UAE Navy. The announcement, made at the International Defence Exhibition (IDEX) in Abu Dhabi, reflects the exercise of options in a previously announced deal. EOS Group CEO, Ben Greene said:…
Austrade markets Australian Agriculture 4.0
The Australian Trade and Investment Commission is focusing on Agriculture 4.0 as it markets local capabilities and products in this fast-developing area. The Agriculture 4.0 theme will help the global agricultural sector to be more profitable, efficient, safe and environmentally friendly, according to Austrade. “These technologies include biotechnology, smart farming, ‘precision for decision’ agriculture, robotics,…
Supporting Australian SMEs to go global
By Helen Hull of First5000 Federal parliament’s Joint Standing Committee on Foreign Affairs, Defence and Trade has released its report ‘From little things big things grow: Supporting Australian SMEs go global‘ following an inquiry into access to free trade agreements by small and medium enterprises. Among the key recommendations tabled in Parliament is that Free…
Leigh Creek Energy moves to commercialisation
Synthetic gas developer Leigh Creek Energy (ASX: LCK) has announced it is in discussions with a number of manufacturers to commercialise its project located at the former Leigh Creek coal field in South Australia. The company said in a statement it has successfully completed pre-commercialisation testing at Leigh Creek, producing more than seven million cubic…
Cochlear boosts sales, profits
Hearing implant manufacturer, Cochlear Ltd (ASX: COH) has followed other strong results from lised companies reporting strong sales and profit growth in the first half of the year ending December. The Sydney company today reported sales up six per cent and earnings before interest and tax (EBIT) up 11 per cent in constant currency terms.…
Naval Group set to buy equipment for sub construction
Naval Group Australia has begun planning to procure equipment for its Adelaide operation which will construct 12 Attack class submarines for the Royal Australian Navy.. The company has issued a call for Expressions of Interest (EOI) from Australian firms. Naval Group is working with the Industry Capability Network (ICN) to find those with the capability…
Shell moves to make batteries in Australia
Royal Dutch Shell’s purchase of German home battery maker, sonnen has cleared the way for it to enter the Australian market with a home-grown product. Sonnen has already begun manufacturing home systems at a plant in the former Holden assembly plant at Elizabeth north of Adelaide. It had plans to make 50,000 systems over five…
Let’s stop focussing on disruption, urges Square founder
The emphasis in recent times on “disruption” was unwarranted, the co-founder of Square told a Q and A session last week, and it was more productive for companies to focus on inclusion.
Biofuels refinery to be built at Gladstone
A pilot biofuels plant to make jet fuel and diesel from farm waste such as sugar cane is being built in the northern Queensland port of Gladstone. Queensland Premier, Annastacia Palaszczuk said in a statement that US company Mercurius was completing designs for the biorefinery and would begin construction ‘within months’. Palaszczuk said: “New industries…