Increased copper production in Chile and the positive outlook for copper are driving growth of the Chilean business of mining equipment manufacturer Austin Engineering. The Perth company told investors that Austin Chile had won a $2.5 million order for a full Cat 7495 dipper bucket for a local customer – a product it acquired with…
Mining equipment manufacturer Austin Engineering has revealed it has been awarded purchase orders for significant previously anticipated programmes that will contribute to a growing order book for the current and subsequent financial years. Austin in Chile has been awarded the first tranche of purchase orders for OEM style truck trays worth circa $7 million to…
By Peter Roberts For those hesitating on embarking on a company improvement process hesitate no longer – Perth mining equipment manufacturer Austin Engineering has shown the massive benefits available from reorganising and streamlining operations and investing in new machinery and manufacturing processes. The company, which manufactures large dump truck bodies for the mining sector and…
Mesoblast secures FDA approval for heart disease treatment Biotechnology company Mesoblast has secured US Food and Drug Administration (FDA) approval for its Revascor heart disease treatment. The FDA issued a rare pediatric disease (RPD) designation for Revascor following submission of results from a trial in 19 children with hypoplastic left heart syndrome (HLHS). Revascor is…
Perth mining equipment manufacturer Austin Engineering has received a US$20 million grant and loan package which will support the rebuilding and expansion of its US production facility at Casper, Wyoming. Together with a further US5 million investment by the company, the new facility will be its biggest-ever expansion and follows investment in facilities in Perth,…
Austin powers ahead on benefits from revamped manufacturing Perth mining equipment manufacturer Austin Engineering has reported an EBITDA of $31 million for FY23 on revenue up 27 percent on the previous year to $258 million. Operating cash flow for the year was $15.8 million, up 236 percent, with the company ending the year with an…
Perth mining equipment manufacturer Austin Engineering has maintained strong growth in its order book as it continues to ride a resurgent mining sector. Reporting the outcome of a massive order it foreshadowed in May, the company said the orders had been conformed, plus 25 percent in additional orders bringing the deal with a single buyer…
