Matrix awarded new riser buoyancy contract Matrix Composites & Engineering has been awarded a contract for the supply of composite underwater drilling riser buoyancy modules. The contract, with Transocean, is valued at $4 million, with the modules scheduled to be delivered in the first quarter FY24. The buoyant modules will upgrade infrastructure on an existing…
Nufarm rides good farming conditions to rising profit Agricultural seeds and crop protection manufacturer Nufarm has ridden agricultural commodities at above average levels to report underlying net profit after tax up seven percent on the previous corresponding period to $142 million in the six months to 31 March, 2023. Gross profit was $609 million, while…
Queensland’s ARM Hub turns three years old Queensland’s Advanced Robotics for Manufacturing (ARM Hub) is celebrating its third anniversary this week with celebrations including cake and a string quartet. Assistant Minister from Manufacturing Senator Tim Ayres will highlight the government’s $15 billion National Reconstruction Fund, while Linda Dobe, a/Deputy Director in Manufacturing, Queensland state government,…
First baby to be born through utilisation of Memphasys technology Biotechnology company Memphasys has announced that India’s Coimbatore Women’s Hospital Centre has seen the first live birth of a healthy baby boy, conceived utilising the company’s patented system for selecting healthy sperm for IVF procedures. Memphaysys’s Felix instrument uses uses an electric force and polymer…
Nominations open for Victorian Manufacturing Awards Nominations opened on Monday for the 21st Victorian Manufacturing Hall of Fame Awards. The state-based award program was opened by minister for manufacturing sovereignty Ben Carroll, who said “The awards recognise our top manufacturers that are leading from the front – cementing our status as Australia’s manufacturing state.” This year there…
Carbon Revolution begins mega-line production Carbon fibre road wheel manufacturer Carbon Revolution has begun manufacturing its wheels on its mega-line production system which aims to boost volume output. Delivering half-year results, the Geelong, Victoria company said wheels had been produced on the line since January, and commissioning was progressing well. A statement said: “Several processes…
Canberra reaffirms nuclear submarines will be built in Australia The federal government has reaffirmed that Australia will announce a decision to construct nuclear powered submarines locally in the first quarter of this year. Asked about concerns by US lawmakers that Australia’s needs could stress American supply chains, defence minister Richard Marles said Australian industry would…
EMVision backed by $2.5 million NSW government grant Medical imaging technology developer EMVision Medical Devices has been awarded a $2.5 million grant from the NSW Medical Devices Fund. The company, which is commercialising a microwave technology for stroke imaging (pictured), will receive the funding of the NSW Office for Health and Medical Research to support…
Treasury backs intervention to cut energy prices Treasury has taken the unusual step of backing ‘temporary and regularly reviewed’ market intervention to rein in high coal and gas prices. A statement from Treasury secretary Steven Kennedy read to a Senate estimates committee said price shocks “bring into scope government intervention”, though the government should not…
Production delays build inventories at Quickstep Production delays related to absenteeism, supply chain issues and equipment reliability issues were exacerbated by global labour and spare parts shortages in the fourth quarter of FY22 at Quickstep. The resulting lower aerostructure production volumes caused a build in inventory of $5.2 million in the quarter for the composites…
