Bedford forfeits $20m site in bailout deal as new manufacturing hub hangs in balance

Manufacturing News

Disability services provider Bedford Group will surrender land worth more than $20 million as part of its government bailout, whilst the future of its brand new $45 million manufacturing hub remains uncertain, according to reports on Monday. The Australian Business Network reported Bedford will relinquish its 3.9-hectare Balyana site at Clapham, which houses around 40…

Tritium’s rapid rise and collapse is over – goes into administration

Manufacturing News, Technology

By Peter Roberts The once high flying electric vehicle charger manufacturer Tritium DCFC has succumbed to a litany of financial problems, with the appointment of voluntary administrators to its three Australian subsidiaries Tritium Pty Ltd, Tritium Holdings and Tritium Nominee. According to a brief statement to the US Securities and Excgange Commission – parent company…