Comment by Peter Roberts This budget was always going to be about saving the federal government’s bacon in an election it looks likely to lose, and Treasurer Josh Frydenberg did not disappoint with cash giveaways to all and sundry with little regard to managing the economy and the budget. For consumers there was a six-month…
VEEM completes Australia’s largest propeller Perth marine engineering firm VEEM has completed casting and machining of the largest propeller ever produced by the company – and also the largest ever made in Australia (picture). Weighing in at around 1,500kg and manufactured with very high tolerances, the Controllable Pitch Propellor was commissioned by Norwegian company Kongsberg…
Boral hit by east coast floods Building products group Boral has seen its earnings hit adversely by lower sales following the recent floods in New South Eales and Queensland. The company now expects operating profit (EBIT) to fall to between $145 million and $155 million for FY22. CEO Zlatko Todorcevski said the impact to earnings…
DXN signs fourth undersea cable contract Prefabricated modular data centre manufacturer DXN has signed its fourth contract received for additional work on the Oman Australia Cable System. The company has signed a $1.2 million contract to supply additional fibre and civil works to the cable system owner SUB.CO. The Oman Australia Cable is a 9,800km…
Australia will eventually have eight nuclear submarines, under a partnership with either the US or UK, and a new base for them at one of three short-listed sites on the east coast.
LBT Innovations receives APAS instrument orders Laboratory device manufacturer LBT Innovations has received an order for multiple APAS instruments from its US distributor Remel Inc, a division of Thermo Fisher Scientific. The company has been commercialising its APAS Independence laboratory instrument, an imaging, interpretation, sorting and reporting machine that automatically examines culture plates for the…
Amaero International to review strategic alternatives Additive manufacturing technology company Amaero International has commissioned investment and advisory firm Guggenheim Securities to evaluate strategic alternatives for the company. The study was aimed at ensuring it was ‘taking every step possible to maximise value for shareholders’, according to an announcement. Amaero said no decisions had been made…
A ‘smart rail system’ that transforms rifles into data nodes linking soldiers in the battlefield with tactical leaders and commanders, is being trialled by NIOA. The Brisbane prime defence contractor has linked with technology and licensing company T-Worx to investigate application of its Intelligent-Rail (I-Rail) technology for use in the Australian Defence Force. The rifle-mounted…
Labor should it be elected at the upcoming South Australian state election has pledged $4 million to bring together up to 100 South Australian companies with university students and researchers to develop new manufacturing processes and products. Labor plans a Manufacturing Growth Accelerator program (MGA) at Flinders University’s Factory of the Future facility which will…
A six-month R&D project led by Thales Australia will develop a carbon fibre composite overwrap, reducing the thickness of gun barrels and producing a lighter product with improved precision.
