Vertically-integrated dairy business Australian Dairy Nutritionals has announced a new, one-year contract manufacturing agreement with Sprout Organic, which will see it produce milk powders for its client. According to a statement to the ASX on Tuesday, the agreement is non-exclusive, and comes with an option to extend for “a further [two-year] term”. Under the deal,…
Australian Dairy Nutritionals (ADN) has signed an agreement with baby formula company Nutura Organic to manufacture intermediate and fortified milk formula base powders in Victoria.
Australian Vanadium receives $14.7 million grant Battery materials company Australian Vanadium has received a milestone payment of $14.7 million from the federal government under the Modern Manufacturing Initiative – Manufacturing Collaboration Stream. The grant provides up to $49 million to support the company’s Australian Vanadium Project to enable new critical mineral production which will support…
Skykraft raises $120 million for satellite air traffic management Satellite manufacturer Skykraft has raised $120 million from investors to spewed the rollout its satellite-based Air Traffic Management system. The Canberra company from investors including Foresight Group Australia, OPTrust, and Main Sequence, CSIRO’s venture capital arm. Following capital raising costs, the company aims to achieve initial…