ATP Science expects to create 33 new jobs through $3.2 million upgrade
Health food company ATP Science says it will boost staff and reach new markets through a $3.2 million investment in new factory equipment.
a2 milk profit sours on Covid disruption
Specialised milk producer a2 Milk has seen its turnover and profits plunge as the Covid-19 pandemic interrupted its supply chains into the China market. The company announced today earnings before interest, tax, depreciation and amortisation (EBITDA) down 32.2 per cent for the half year to December 31 to $166.7 million (NZ$178.5 million). Revenues were down…
Relectrify gives second life to EV batteries
Melbourne battery control technology company Relectrify today announced the release of its commercial & industrial (C&I) energy storage systems based on its BMS+Inverter technology. The modular 120kWh systems are made from second-life electric vehicle (EV) batteries – cells that have been retired after use in electric vehicles. Relectrify’s life-extending BMS+Inverter technology results in up to…
Manufacturing news briefs – stories you might have missed
Cochlear clear to sell new sound processor products Hearing technology company Cochlear has received US Food and Drug Administration and CE Mark approval for its new Cochlear Baha 6 Max Sound Processor. With increased power without increasing in size, the bone conduction processor improves hearing outcomes for people with single-sided deafness, conductive or mixed hearing…
Manufacturing company profit newsbriefs
Calix moves from loss to profit Industrial chemicals and process technology company Calix today reported strong sales and profit growth in water treatment business which underpins commercialisation in processing, biotechnology, battery materials and CO2 mitigation. The company moved from a loss to a profit of $3.06 million in the half year to December 31 on…
Carbon Revolution looks to massive wheel output
Geelong carbon fibre road wheel manufacturer Carbon Revolution has given new details of its plans to raise output through the construction of new mega-line production equipment. The company announced revenue down 14.1 per cent in the first half but said it expected growth in existing wheel programs and the award of new wheel contracts for…
Blackmores accelerates growth in Asia vitamins markets
Vitamin manufacturer Blackmores is achieving positive results from a three-year turnaround enabling it to increase sales and market penetration in fast-growing Asian markets and build a new business in pet supplements. The Sydney company today reported underlying earnings before interest and tax up 15 per cent to $30.8 million in the half year to December…
Hydrogen steel making closer with Liberty move
Both Australia’s primary steel makers are moving closer towards making steel using green hydrogen following a move by Liberty Steel which operates the Whyalla steek works in South Australia. On Monday @AuManufacturing reported BlueScope Steel was considering the future of the Port Kembla works in New South Wales after its number five blast furnace reached…
PC to investigate supply chain vulnerabilty
The federal government has given the Productivity Commission the task of reviewing Australia’s supply chain vulnerabilities and risks following the shocks of the Covid-19 pandemic. The Productivity Commission will look at Australia’s supply chains, as well as longer term trends in relation to Australia’s linkages and dependencies on international trade and assess whether vulnerabilities or…
Quickstep grows but currency change mars profit
Aerospace composites manufacturer Quickstep has reported steady growth in sales for the first half of FY21 with sales up eight per cent to $41.5 million, the rise attributable to the company’s involvement in making tail sections for the F-35 Lightning jet fighter. However the rising Australian dollar hit EBITDA margin as did the end of…