Diversified investment house Washington H. Soul Pattinson and building products manufacturer Brickworks announced on Monday they have agreed to a $14 billion merger that will create a newly capitalised ASX-listed company. The merger, announced through a binding combination deed, will see the creation of a company called TopCo with an expected market capitalisation of $14…
Bioenergy developer Delorean Corporation has given the go ahead to proceed with the construction of its’ SA1 bioenergy project in Edinburgh Parks, South Australia. Construction will commence with early site work and ordering of long lead items prior to the end of December, 2024. The SA1 bioenergy plant (pictured) is located in the Northern Adelaide…
Building products manufacturer and investment company Brickworks has posted a Statutory Net Loss After Tax of $119 million for the year ended 31 July 2024. The Underlying Profit After Tax from continuing operations was $61 million, while group Underlying Earnings Before Interest, Tax, Depreciation and Amortisation (‘EBITDA’) was $157 million. Earnings were adversely impacted by…
Food Recycle crowdfunding food waste to animal feed technology A new science-based solution to the food waste problem is to be launched by Australian company, Food Recycle. The company has spent the past seven years conducting extensive R&D, including trials with the CSIRO, to validate the science and processes. Food Recycle is crowdfunding to commercialise…
A construction slowdown in Australia and North America has forced a $172 million pre-tax write-down at brick manufacturer Brickworks.
FDA accepts Mesoblast’s responses Biotech company Mesoblast has announced that the United States Food and Drug Administration (FDA) has accepted Mesoblast’s Biologics License Application (BLA) resubmission for Ryoncil (remestemcel-L) in the treatment of children with steroid-refractory acute graft versus host disease (SR-aGVHD). According to a statement, the FDA considers the resubmission to be a complete…
By Peter Roberts Building products group Brickworks has announced the retirement of its long serving Managing Director Lindsay Partridge (pictured). Partridge, who is to be replaced by COO Mark Ellenor, is one of the country’s best respected and most successful manufacturing leaders. A ceramic engineer by training, he worked his way to the top job…
DroneShield moves to profit on increasing global tensions Drone countermeasure company DroneShield has confirmed it moved to profit in FY23 on the back of rising global tensions and Russia’s invasion of Ukraine. The company reported record contracts and growing cash receipts which reached $73.5 million in FY23, five times the previous year. More than 68…
Construction robotics company FBR has announced a capital raise worth approximately $12.6 million, following agreements on a demonstration program in the United States and joint venture option with a subsidiary of concrete block maker CRH. As reported by @AuManufacturing last week, the company – which makes the Hadrian X automated bricklaying robot (pictured) – FBR…
Diversified building products manufacturer Brickworks believes Australia is on the cusp of a significant building boom, notwithstanding some softness in its markets in the short term. The company, which is also involved in property development, investment activities and brick manufacture in the United States, told its annual general meeting that it was navigating a number…