Iconic Australian food manufacturer SPC has returned to the Australian Securities Exchange (ASX) after a 20-year absence, but this time as more than a food canner – the company is now SPC Global. Managing Director Robert Iervasi took to social media and said: “Today marks a massive milestone for SPC Global and each of our…
The recently-updated Food Processing Machinery Manufacturing in Australia report from market research firm IBISWorld estimates an industry worth $1.4 billion in revenues in 2024-25, and which saw a 1.6 per cent compound annual growth rate in the last five years. According to IBISWorld, there are 481 businesses with 3,300 employees operating in the sector in…
ARE receives $5m grant for rare earths development Australian Rare Earths has received a $5 million grant from the federal government’s International Partnerships in Critical Minerals Program. The funding will support additional metallurgical test work, completion of a pre-feasibility study and building/operating a demonstration plant at the company’s Koppamurra project, a frontier ionic clay rare…
Food processing and packaging machinery manufacturer TNA Solutions is offering food manufacturers technology that would enable them to create a digital twin of their operations and plan new investment to minimise disruption. Part of TNA’s Industry 5.0 offerings, tna intelli-assistTM delivers 95 percent manufacturing investment planning accuracy and reduces reworks down to zero, according to…
The University of Queensland-based Food and Beverage Accelerator (FaBA) has released a report on what it says is a “transformative opportunity” offered by precision fermentation. In a statement on Monday, UQ said that while fermentation itself is nothing new, its more recent version of the technique was “on the brink of producing tailored, sustainable food…
SPONSORED CONTENT The long-anticipated mandatory climate-related financial disclosures have been passed into law and will affect some companies as soon as January 2025. The requirements will be phased in over a three-year period and capture companies based on size, value and turnover. Companies that are not directly in scope of reporting may be affected due…
Canberra-based food technology company Nourish Ingredients, which has developed a method to create specialty fats for plant-based foods through precision fermentation, has signed a joint commercial agreement with China’s Cabio Biotech. In a statement from Nourish on Tuesday, the company said it is combining “Australian innovation with China’s manufacturing might” and exposing its flagship product…
A new lager beer release has fuelled strong sales growth for Australia’s largest independently owned brewer Coopers Brewery. The launch of Coopers Australian Lager has helped family-owned Coopers to post a 1.5 percent rise in total beer sales for the 2024 financial year, defying a year on year 2,.6 percent decline in total Australian beer…
Approximately a billion beverage containers have been kept out of landfill in the first 12 months as a result of the Victorian Container Deposit Scheme (CDS Vic), according to its coordinator. CDS Vic was announced in April last year and the program officially launched the following November 1. VicReturn – which includes Lion, Coca-Cola Europacific…
Monash University food engineers have developed a “super yoghurt” formula using lupins, which the university says represents a “major advancement in the plant-based food sector” due to its fast fermentation time, texture, and nutritional benefits. According to a statement from Monash on Wednesday, researchers at the BioPRIA institute led a study investigating how different probiotic…