Carbon Revolution surges on debut

Carbon fibre road wheel manufacturer Carbon Revolution (ASX:CBR) made a spectacular debut on the stock exchange after raising $90.1 million and listing on the ASX. The Geelong company’s $2.60 shares soared immediately reaching as high as $3.81, before closing at $3.55 with a market capitalisation of $450 million. The stunning debut caps off the company’s…

Derby Rubber opens in Adelaide

Specialty rubber manufacturer Derby Rubber has relocated its head office to Wingfield in Port Adelaide where it was welcomed in a ceremony with local dignitaries. Managing Director Stephen Sheppard and General Manager Michael Clayton hosted Premier Steven Marshall, trade minister David Ridgway and the Mayor City of Port Adelaide Enfield, Claire Boan. The state has…