A few thoughts on innovation from Russell Mineral Equipment’s founder

This week Russell Mineral Equipment was announced as the National Reconstruction Fund Corporation’s first investee, with the NRFC taking a $40 million stake in the company alongside US-based private equity firm Resource Capital Funds. Earlier this year, RME was a gold award winner in @AuManufacturing‘s Australia’s 50 Most Innovative Manufacturers campaign for 2024. Below is…

Manufacturing news briefs — stories you might have missed

Cyclopharm raises $20 million, seeks another $2 million Radiopharmaceutical imaging company Cyclopharm has successfully completed its institutional placement, raising $20 million before costs. The Placement attracted strong demand from both existing shareholders and from new institutional and sophisticated investors in Australia, Hong Kong, and the UK. A share purchase plan to raise up to $2.0…

Siemens and Marathon sign MoU ahead of “next phase of energy transition” for state

Industrial technology company Siemens and renewable energy developer Marathon Group have announced a new Memorandum of Understanding (MoU), describing it as coming at a time “when Gippsland goes through a once in a lifetime energy transition”. In a statement from Siemens on Tuesday, it described itself as a technology partner in the relationship, which would “help…