CMTP evolves from pallets to modular housing

Colac, Victoria manufacturer CMTP is expanding its successful pallet and crate business to embrace the growing modular housing sector. Founded in 1976, CMTP employs around 270 staff across eleven manufacturing sites, also making produce bins, cases, specialty air freight crates for live animals, and supplies cardboard and general packaging. Managing Director Travis Meade said a…

Manufacturing news briefs — stories you might have missed

Redflow raises further $6.75 million,  totalling $11.65 million from  Entitlement Offer  Energy storage company Redflow told the ASX last week that it has received firm commitments from institutional and sophisticated investors for an additional $6.75 million (before costs) via placement of entitlement shortfall shares, at a price of $0.21 per share. Combined with approximately $4.9 million…