Victoria gets federal funding boost for plastic recycling and remanufacturing
The Federal government has provided a $15.6 million investment to help accelerate Victoria’s advanced recycling and plastic manufacturing industry.
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Bluescope appealing cartel and price-fixing fines
Australia’s largest steel maker Bluescope is trying to have a $57.5 million fine for carrying out price-fixing attempts with flat steel distributors thrown out.
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Tindo Solar builds supply chain with Capral deal
Australia’s only manufacturer of solar PV panels is beginning to build its local supply chain through an agreement with aluminium extrusion company Capral Aluminium in preparation for embarking on a project to build a massive new factory. While Tindo’s plans to increase its output to 1GW per annum are in the development stage, it has…
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Nova Eye Medical’s sales growth and operating result
Ophthalmic surgical device manufacturer Nova Eye Medical has reported a record combination of sales growth and operating result improvement during the year ended 30 June 2024. Underpinned by solid performance in its core glaucoma segment including its flagship product, iTrack Advance, the company’s sales in July 2024 were materially above the previous year. Investments recently…
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UQ biosustainability hub to transition companies
A new $60-million Biosustainability Hub at The University of Queensland will use synthetic biology to help businesses transition to net zero. Funded by government, industry and UQ, the Biosustainability Hub aims to be is a one-stop-shop for big companies to transform their production practices and create carbon neutral economically viable products and materials. Hub director…
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Quantum tech is a high-stakes gamble. Here’s how Australia can find a way forward
Quantum technologies – which may soon provide huge advances in computing, communication and sensing – are rapidly growing in strategic importance.
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Tasmea buys high voltage power line company
Tasmea has acquired communication and energy infrastructure company Future Engineering Group for $84.5 million.
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Lion and Samsung partner for Brisbane hydrogen hub
Lion Energy and Samsung will jointly develop a green hydrogen hub at Port of Brisbane that will initially produce and dispense more than 420kg of green hydrogen per day. Lion and Samsung subsidiary DGA Energy Solutions Australia have signed an agreement that will see Samsung C&T pay A$3.7 million to Lion for pre-construction costs. In…
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Australian business lags in AI adoption – survey
Australian businesses trail their Asia-Pacific counterparts in their digital strategy and AI adoption, according to a major survey by CPA Australia. However it is not all bad news – our focus on cybersecurity and data protection is a positive for Australian businesses. CPA Australia’s 2024 Business Technology Report found that only 53 per cent of…
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Global pool equipment maker acquires W.A. engineer
Spanish major pool equipment maker Fluidra has acquired West Australian commercial pool manufacturer Chadson Engineering.
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