Australia’s resources and energy export earnings are forecast to normalise over the next two years as commodity prices return to long-term levels following a price spike brought about by Russia’s invasion of Ukraine. The June 2024 Resources and Energy Quarterly (REQ) from the Department of Industry, Science and Resources estimates export earnings of $417 billion…
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Garden products and irrigation systems manufacturer Pope Products has been sold by its owner The Toro Company to a new US based owner – non powered garden products manufacturer The AMES Company. Toto will retain its own brand products in Australia while Pope Products, which traces its roots back to 1925, will continue to operate…
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Adelaide advanced PC maker Allied Corporation is taking its Chromebook manufacturing partnership with Google international. Allied and Google Education executives last week in Pakistan signed agreements that will see Allied and Google partner with the Pakistan Minister of Education to produce more than 500,000 Google Chromebooks for use in that country’s education system and digital…
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Cold spray additive manufacturing business Titomic has announced the sale of a custom-built high-pressure system to the Oregon Manufacturing Innovation Center (also known as OMIC R&D) for $US 790,000 (approximately $1.2 million.) According to a statement to the ASX from Titomic on Monday, the Portland, Oregon, commercial research and development service provider will gain ability…
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The Victorian government has announced a round of 20 grants valued at $50,000 each the companies under the Medtech Market Growth Program. The funding was announced at the office of medtech startup Livac on Monday morning. Livac is developing a medical device (pictured) to help safely retract the liver during surgery. Livac and novel blood pressure…
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Mining equipment company Austin Engineering has announced a revised remuneration package for its CEO and Managing Director David Singleton this financial year, and that Singleton will remain in his role until June 30, 2025. In a statement on Monday, the Perth-headquartered company – which manufactures large dump truck bodies and other equipment for the mining…
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While issues such as quantum computing attract political action, Australia is losing the sovereign ability to manufacture even basic products such as plastics and downstream products such as paint. According to Shane West, the closure of plastic raw material production by Qenos requires government intervention. How to respond to the loss of Qenos – Australia…
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Defence minister Richard Marles has expressed his confidence in the defence procurement function following scathing criticism from the Auditor General of probity issues in a long-term contract for the supply of explosives and munitions. An official sought champagne and eventually went to work for the contractor, French group Thales, over a contract worth $1.2 billion,…
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The federal government will roll out of more than 420 community batteries across the country in a move it says is lowering household power bills and boosting reliability in the electricity grid. The Australian Renewable Energy Agency will support up to 370 community batteries as part of Round 1 of its Community Batteries Fund, an…
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The Australian Army is turning to directed-energy weapons as one-way of embracing emerging technology to counter off-the-shelf small multi-rotor uncrewed aerial vehicles. Recently at the Army’s At a Puckapunyal range in Victoria, AIM Defence demonstrated its Fractl Portable High Energy Laser which is powerful enough to burn through steel and can track objects as small…
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