Amaero Engineering lists and reveals road to profitability

By Peter Roberts Additive manufacturing company Amaero International (ASX: 3DA) has revealed a swift move from losses to profits in filings with the ASX following its $8 million capital raising and listing on the exchange. The company’s 2019 accounts reveal a profit before tax of $454,266 for the year, an improvement on the $1.5 million…

Third inland rail regional activation precinct

NSW deputy premier John Barilaro has announced a third special activation precinct (SAP), this time in Moree, to generate business opportunities from the construction of the Inland Rail from Melbourne to Brisbane. The precincts are designed to “unlock the opportunity for investment in regional NSW” by attracting businesses according to a statement. The Queensland government…

Nufarm gets go ahead to sell South American operation

Agricultural chemical manufacturer Nufarm (ASX: NUF) has been given the go ahead by shareholders to sell its South American division to Nufarm shareholder, Sumitomo for $1.2 billion. The Melbourne company, which has faced headwinds in Australia with the prolonged drought and in the United States with extensive flooding, received the go ahead in an overwhelmingly…

WA’s ‘battery valley’ begins to take shape

Western Australia’s ‘battery valley’ centre for processing and manufacture of battery materials is taking shape with approval for a third facility in the Kwinana industrial area south of Perth. High purity alumina (HPA) producer FYI Resources (ASX: FYI) has been offered and accepted a site within the Kwinana area to set up an HPA refinery.…