K-TIG achieves $400,000 sales in second quarter
Welding technology developer K-TIG has begun to achieve sales traction with news that it expects to book sales of $400,000 in the current quarter. The company, which is commercialising a disruptive, high-speed welding technology, is seeing the first sales from its venture with Key Plant Automation in the US, and first sales to the US nuclear decommissioning sector. Key plant is establishing a K-TIG technology demonstration site and K-TIG has hired Zhenyu Fei as manager, welding research and development to help bring innovative solutions to market. The photograph illustrates K-TIG’s role in the construction of the US$170 million Acueducto Gran San Juan—a 50km pipeline that will transport drinking water to San Juan in Argentina.
JAT joins Nightingale to sell to Australian supermarket clients
China-focused infant formula and health products manufacturer JAT has inked a 10-year sales agreement with Nightingale PS Pty Ltd which will focus on placing its’ products with Australian supermarket chains. Nightingale will use its networks to sell JAT products to supermarkets, a move to be followed by a focus on pharmacy chains. The agreement allows for Nightingale to sell to customers in the UK and other markets outside China.
Civmec’s order book grows to $1.1 billion
Perth heavy engineering firm Civmec has seen its order book grow to $1.1 billion with the award of multiple orders for fabrication including for port installations. The company will manufacture 13,500 tonnes of wharf girders and structures for the Hay Point loading port in Queensland. This contract alone will employ 350 in manufacturing and assembly. Contracts will be supplied from Henderson in Perth and Newcastle in New South Wales.
Altech Chemicals raises $12.5 million
Battery metals company Altech Chemicals has raised $12.5 million through a non-renounceable entitlement offer. The company will use the funds for listed green bonds, development of high purity alumina projects in Europe and financing its Malaysian HPA plant.
Picture: K-TIG/welding for Acueducto Gran San Juan
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