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…

Manufacturing news briefs — stories you might have missed

XTEK’s HighCom awarded new armour order XTEK has announced that its HighCom Armor Solutions division has received an international purchase order to supply ballistic body armour to an undisclosed European customer, worth $2.6 million. Scott Basham, XTEK Group’s CEO, said on Monday that the armour business — across manufacturing in Columbus, Ohio, XTclave technology development…

Grants up to $20 million open for plastics recycling technology projects

Applications opened on Tuesday morning for the Plastics Technology stream of the federal Recycling Modernisation Fund, offering grant funding of between $1 million and $20 million each to projects concerned with hard-to-recycle plastics. According to a statement from federal environment minister Tanya Plibersek, up to $60 million in total would support projects including: advanced recycling…

Samsara Eco gets first strategic investor in SE Asia

Japan’s Kanematsu Corporation has made an investment in Australian environmental technology startup Samsara Eco. According to a statement from Samsara – which has developed an enzyme-based process to dissolve end-of-life plastic back into its component monomers for reuse – trading company Kanematsu acquired the strategic stake by accepting Samsara’s third-party allotment of shares.  “Through this…