Manufacturing news briefs – stories you might have missed

IDT Australia raises $2 million from shareholders Melbourne pharmaceutical manufacturer IDT Australia has raised $2 million via an over-subscribed share purchase plan to existing shareholders. The raising followed the successful completion of a $5 million placement to professional and sophisticated investors. The total capital raised will be used to fund the company’s capital expenditure programme…

Cleanaway acquires Australian Eco Oils

Cleanaway Waste Management will acquire waste cooking oil collector and preprocessor Australian Eco Oils for $39 million. In FY24 the oils business is expected to generate annualised EBITDA profit of around $6 million. Operating throughout NSW, Queensland and Victoria, the company operates under the Scanline brand, and claims the most advanced collection technology, including containers,…

Baiada Poultry running on biogas

Poultry manufacturer Baiada Poultry is to apply circular industry principles to both its Tamworth and Newcastle, New South Wales operations with plans to recover Biogas produced from its wastewater recovery systems. This follows in the footsteps of the company’s Griffith facility which reduced its carbon footprint while simultaneously transforming what was once considered waste into…

Building activity produces 18% of emissions and a shocking 40% of our landfill waste. We must move to a circular economy – here’s how

By M. Reza Hosseini, Deakin University and Tuba Kocaturk, Deakin University Architecture, engineering and construction employ 1.2 million people in Australia and account for 9% of GDP. But our biggest services sector also produces roughly 40% of landfill waste and accounts for 18.1% of Australia’s carbon footprint. The sector must change its practices fast for…

PakTech onshores secondary packaging production

US sustainable packaging producer PakTech is to onshore manufacture of its secondary packaging made from 100 percent recycled high-density polyethylene (HDPE). The company announced today its official launch in Australia and news that it would service existing customers including Hawkers Brewery, Billson’s of Beechworth and The Apple Press as well as new customers with locally…

Flooring industry walks the walk for circular economy

Australia’s flooring industry from manufacturers to installers have taken the first step towards a circular economy approach to flooring. The Australian Resilient Flooring Association (ARFA) has released the proposed design for ResiLoop, Australia’s first national stewardship scheme for resilient flooring. More than 40 key stakeholders including manufacturers, distributors, retailers, installers, and specifiers as well as…