GeVentor emergency hospital ventilators made by Gekko Medical of Ballarat in Victoria have been delivered to Tasmania through a purchase by Dale Elphinstone’s Elphinstone Group. Dale Elphinstone made his fortune manufacturing mining equipment and is a major shareholder in the Gekko Group of companies, which also manufactures mineral processing equipment. Elphinstone has purchased six GeVentors,…
Micro-X has received funding commitments of $30.5 million to help expand its US footprint and fast-track new lightweight x-ray products.
Australian manufacturing continued “stronger improvement in conditions” over December and January following the disruption last year from Covid-19, according to the Australian Industry Group’s Performance of Manufacturing Index.
DXN achieves maiden positive cash flow Prefabricated data centre manufacturer DXN achieved its first positive cash flow from operations in the December quarter of $55,000, boosted by cash receipts of $1.97 million. The company completed installation of the first cable landing station in Fiji for Southern Cross Cable Network and inked new contracts worth $1.8…
Queensland’s Black Sky Aerospace has celebrated the successful launch of the first rocket powered by Australian-made fuel (pictured). The company was partly funded by the Advanced Manufacturing Growth Centre to develop a process to manufacture solid-state rocket fuel, using it for the launch in outback Queensland earlier this month. AMGC chairman Paul Cooper said Back…
Lynas Rare Earths pushed ahead with the construction of its new Kalgoorlie cracking and leaching plant during a December quarter which also saw record sales revenue of $119.4 million. The Perth company told investors that neodymium and praseodymium (NdPr) production during the quarter was 1,367 tonnes, up from 1,342 tonnes in the previous corresponding period.…
Sleep apnoea technology company ResMed boosted revenue by nine per cent and net operating profit by 12 per cent during the quarter ended 31 December as product sales and digital health businesses prospered during the Covid-19 pandemic. The US-Australian listed company reported revenue of $1.04 million (US$800 million) and net income of $233.98 million, up…
Steelmaker BlueScope has powered ahead with the recovering global economy reporting preliminary unaudited earnings before interest and tax (EBIT) for the first half of around $530 million, up on previous estimates of $475 million. Managing director Mark Vassella said all segments of the group’s business performed well in the six months to December with margins…
Keyhole Tig welding developer K-Tig experienced a record quarter for business in December booking revenue of $409,000. The company, which manufactures patented, high productivity welding equipment and offers welding as a service, built on its expansion into the United States and has now established an on-the-ground sales force. The company made its first sales to…
Opposition Leader Anthony Albanese has placed science, technology and advanced manufacturing front and centre in Labor’s policy structures as a part of a significant shadow cabinet reshuffle ahead of a possible election later in the year.
