Carbon Revolution on the ASX
One-piece carbon fibre wheel manufacturer Carbon Revolution (ASX:CBR) made its much-anticipated listing on the Australian share market on Friday. Carbon Revolution employs 346 and is based at Deakin University’s Waurn Ponds campus. It was founded by a group of Deakin engineering students in 2007, and makes wheels for Ferrari, Ford and others. Shares opened at $3.25, peaked at $3.66, and closed at $3.45.
Australia’s role in the 1,000th Dreamliner celebrated
Production of the 1,000th Boeing 787 Dreamliner was celebrated on Friday. Victorian minister for economic development Tim Pallas visited Boeing Aerostructures Australia at Port Melbourne to acknowledge the milestone. The manufacturing site is one of Boeing’s largest outside the United States, and produces the 787’s composite “moveable trailing edge” control surfaces using a resin infusion process developed in Victoria.
ImpediMed to market SOZO device
Brisbane software technology and medical device company ImpediMed (ASX: IPD) has been given US FDA approval to market its SOZO device for assessment of protein calorie malnutrition (PCM). The device can be marketed for PCM, which can occur in infants when breast feeding fails to provide nutrition, or when infants are on an improper diet of suffering chronic diarrhoea.
Newcastle’s Infrabuild Wire celebrates centenary of manufacturing
Infrabuild Wire, a company of over 300 employees manufacturing wire, celebrated 100 years of continuous manufacturing at its Mayfield, Newcastle site on Tuesday November 26th. The company has been part of Sanjeev Gupta’s GFG Alliance for the last two years. Its work includes hundreds of metres of roping wire in Sydney Tower, and anti-submarine netting in Sydney Harbour used during WWII.
ARENA announces $6.5 m backing for HVAC innovation hub
The Australian Renewable Energy Agency has announced $6.5 million in support for Australian Institute of Refrigeration, Air Conditioning and Heating, which is leading a three-year initiative on lower-emissions tech in the Heating, Ventilation, Air-Conditioning and Refrigeration industry. The iHub initiative includes industry partners such as Glaciem and CSR, researchers from CSIRO and universities, building owners and others, and will co-fund renewable energy use and demand response projects. More info is here.
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