Poker machine manufacturer Aristocrat Leisure has announced revenue growth of five percent in FY24 driven by performance in North America Gaming Operations, with ~7,100 net units added to the installed machine base. The company reported 17 percent growth in normalised NPATA to $1.6 billion, reflecting ongoing investment in organic growth initiatives and cost optimisation across…
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The main initiative serving the federal government’s 2022 election pledge to transform the nation’s industry, the $15 billion National Reconstruction Fund, is about to start investing in Australian companies, according to industry minister Ed Husic. The NRF Corporation – the independent body administering the fund – “will soon be cutting its first cheques”, according to…
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Aluminium extruder Capral has successfully trialled an aluminium billet with 20 percent recycled content produced by Rio Tinto at Boyne Smelters Limited (BSL). Utilising 50 to 100 tonnes of post-production aluminium scrap from Capral’s Bremer Park extrusion plant in Southeast Queensland, Rio Tinto remelted the metal and cast it into billets, resulting in a new…
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Multi-generation family-owned bed maker A.H. Beard is marking its 125th anniversary, hinting at plans for a new luxury collection aimed at a global audience in 2025. In a statement on Wednesday, the company said it has “sights set on growth in Asia, Europe and the UK next year” as it builds on its current “significant…
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The federal government has begun the industrial campaign which will ultimately see Australia construct SSN-AUKUS nuclear powered submarines at the Osborne Naval Shipyard in Adelaide. In March it was announced that the submarines, to follow on from the arrival of interim US nuclear powered vessels for service in the 2040s, are to be constructed by…
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Minerals processing equipment manufacturer Gekko Systems has launched the Wolff Batch Centrifugal Concentrator (Wolff), a technology designed to transform gold processing by utilising ‘dirty’ water. This ‘first of its kind’ innovation enables mining companies to recycle water efficiently, addressing water stewardship while reducing maintenance costs and requirements, according to the Ballarat, Victoria company. In some…
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Australian electronics manufacturer GME is linking with Korea’s Hanwha Defence Australia (HDA) and Hanwha Systems through a Memorandum of Understanding (MoU) that brings together leading command, control, communications, computers, and intelligence (C4I) capabilities . Signed at the annual Military Communications and Information Systems (MilCIS) Conference in Canberra, the agreement will see the three parties working…
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The Western Australian government will begin detailed planning for a new WA container port in Kwinana south of Perth, supporting a growing industrial region and freeing up land at the historic Port of Frmantle for housing development. Project definition planning will support completion of designs, securing approvals, resolving risks and uncertainties, land acquisition and refining…
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Battery materials company International Graphite has secured funding to construct the first purpose-built commercial graphite micronising plant in Australia. The company has entered into a funding agreement with the Western Australian Government releasing $4.5 million of the grant announced by WA Premier Roger Cook on 22 April 2024. $2.0 million will support construction of Stage…
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Rhythm receives R&D tax incentive refund Predictive cancer diagnostics technology company Rhythm Biosciences has received multiple tranches of its research and development tax incentive (RDTI), totalling $3.23 million. This total is made up of approximately $1.24 million in relation to FY23, being a second tranche of funds following the submission of an amended FY23 tax…
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