Australia and New Zealand metals distributor and processor Vulcan Steel has further pared back its full year earnings forecast following higher than expected costs for the integration of the Ullrich aluminium businesses. The Australian and NZ listed company said EBITDA for the 12 months to June 2023 would be between NZ$205 to $209 million, down…
Details
Resources giant BHP, Monash University and steelmaker China Baowu have announced that they have formed a new Industry Knowledge Centre, with its initial phase including piloting and plant-scale trials of potential carbon abatement technology for steel production. In a statement from BHP on Monday, it said it would provide $US 8 million over three years…
Details
Atomo Diagnostics to raise cash for HIV test marketing Rapid HIV test manufacturer Atomo Diagnostics will raise capital through a share purchase plan aiming to raise $2.75 million. This follows Atomo receiving commitments of $1.25 million via a share placement at $0.036 per share. The company, which is commercialising a handheld self-test device, is ensured…
Details
Drone detection and countermeasure manufacturer DroneShield has been awarded a massive $33 million order from a US government agency. The order, for equipment and the provision of multi-year services, is the largest ever received by the company which operates a factory in Sydney. In line with company practice, the company did not name the customer.…
Details
The CSIRO is opening another round of its free, ten-week Innovate to Grow program, this time for SMEs working on the issue of plastic waste. Applications are being accepted until August 14 for the round, with a cohort of up to 20 companies to commence the part-time course on September 7. It aims to assist…
Details
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) EOS lines up cash and credit to fund growth Defence, space and communications manufacturer Electro Optic Systems has beefed up its finances achieving a net cash balance of $42.2 million as at June 30 as it expands…
Details
By Peter Roberts The Queensland government has celebrated further progress on two of what the state says are two of more than 50 green hydrogen projects currently underway across the state. The progress in Queensland, and other states, confirms that exports of green hydrogen and ammonia promise a new commodities boon, though this time of…
Details
Australian access to foreign technologies on a range of cutting edge industrial technologies is a step closer following progress in the US Senate to the provision of exemptions from export controls. Under the AUKUS agreement between Australia, the US and the UK, information exchange is to be speeded up on not just nuclear powered submarines…
Details
Australia’s largest manufacturer, biotechnology and vaccine producer CSL’s brand value has jumped more than 30 percent over the past year to make it the fastest growing brand in its industry, according to a new report from consultant Brand Finance. The report lists CSL’s brand value at US$1.3 billion, which is up 80 percent since 2020.…
Details
Cargo drone airline Dronamics has been officially assigned both IATA and ICAO designator codes, opening the way for the company’s Australian made drones to operate as a scheduled airline worldwide. In January @AuManufacturing reported that Sydney Composites manufacturer Quickstep was to manufacture an initial run of 10 drone cargo aircraft for European cargo airline Dronamics…
Details