Brickworks profits down on subdued building activity

Building products manufacturer and investment company Brickworks has posted a Statutory Net Loss After Tax of $119 million for the year ended 31 July 2024. The Underlying Profit After Tax from continuing operations was $61 million, while group Underlying Earnings Before Interest, Tax, Depreciation and Amortisation (‘EBITDA’) was $157 million. Earnings were adversely impacted by…

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Our electricity workforce must double to hit the 2030 renewables target. Energy storage jobs will soon overtake those in coal and gas

By Jay Rutovitz, University of Technology Sydney; Chris Briggs, University of Technology Sydney, and Elianor Gerrard, University of Technology Sydney The electricity workforce will need to double in five years to achieve Australia’s 2030 renewable energy target, our new report finds. More than 80% of these jobs will be in renewables. Jobs in energy storage…

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Halocell, First Graphene announce supply deal ahead of release of Wagga-made perovskite cells

First Graphene has announced a two-year agreement with Halocell to supply graphene used in solar cells, ahead of the release of Halocell’s first commercially-available perovskite solar module this month In a statement to the ASX on Thursday, First Graphene said its customer had been able to “expedite its manufacturing process and enhance [the] light absorbing…

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Manufacturing Alliance opens new Canberra site

The Manufacturing Industry Skills Alliance (Manufacturing Alliance), one of the federal government’s ten Jobs and Skills Councils (JSCs), has established a new office in Canberra, co-located with the JSC for transport and logistics, Industry Skills Australia (ISA.) The Melbourne-headquartered, industry-owned not-for-profit, said in a statement that the new site at Barton will help foster broader…

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Korea’s Hanwha abandons takeover of Austal – media reports

By Peter Roberts Korea’s Hanwha defence group has abandoned its takeover bid for Australia’s most successful indigenous owned defence manufacturer Austal, according to media reports this morning. The takeover was ended in a letter to Austal from Hanwha Ocean CEO Hyek Woong Kwon titled ‘Termination of discussions with Austal’. The company blamed Austal’s ‘insistence’ that…

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Advanced Navigation launches mini sized inertial navigation

Navigation and autonomy developer Advanced Navigation has announced the expansion of its Certus inertial navigation systems range, with a new Mini series. Available in three variants, the Certus Mini series includes a GNSS-aided Certus Mini D and Certus Mini N inertial navigation system (INS), while Certus Mini A functions as an attitude and heading reference…

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