By Peter Roberts Australia’s hopes of becoming a green hydrogen and ammonia force are a matter of production push and customer pull – will we get our act together and invest the billions needed to produce green fuels and will there be customers be willing to buy the resultant outputs? The former is a bit…
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Bega Group has sold the historic factory in Port Melbourne that has manufactured Vegemite for more than 75 years. As part of company rationalisation and reducing debt, the company has sold the factory at 1 Vegemite Way for $114.6 million. The company will lease back the factory from new owner Charter Hall for an initial…
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Queensland Premier Annastacia Palaszczuk has unveiled a Queensland Critical Mineral Strategy backed by $245 million in funding at the World Mining Congress in Brisbane today. The new strategy positions Queensland as a global leader in delivering the critical minerals the world needs to move to a net-zero emissions future, according to a statement. Queensland has…
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Manufacturers are giving a “bleak assessment” of conditions, according to the latest quarterly ACCI-Westpac Industrial Trends Survey, though they intend to lift investment. The Actual Composite weakened in the latest survey — with results out on Tuesday — down from 53.9 in March to 50.7 in June. This is only just above a break-even result…
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Enware, an 86-year-old plumbing and safety equipment company, will stop manufacturing at its Australian headquarters, according to a report. US business Watts Water Technologies completed an acquisition of Enware on March 31, saying it was “excited about the growth opportunities provided by this acquisition” at the time. According to a report on Monday by industry…
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The NSW government has said it will procure seven new Parramatta Class ferries, made by Richardson Devine Marine of Hobart, spruiking their superiority to the overseas-built River Class ferries ordered by the previous Coalition government. The new ferries will travel the Parramatta to Circular Quay route, have a predicted service life of 25 – 30…
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Marine systems manufacturer VEEM has signed an agreement with Singapore shipbuilder Strategic Marine for the exclusive use of VEEM gyrostabilisers in the vessels it constructs. VEEM manufacturers stabilisers for the global luxury motor yacht, fast ferry, commercial workboat and defence sectors at its Perth facility. Under the agreement, VEEM will supply its VG70, VG100 and…
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Drone engine manufacturer Orbital Corporation has secured a new customer for its engine development and manufacturing services. The Perth company said it had signed a contract worth $1.1 million for the supply of heavy fuel engine systems, spare parts and in service technical support with a new customer, which Orbital described as a ‘defence agency…
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The new Sovereign Manufacturing Automation for Composites CRC (SoMAC CRC) has launched its first-ever research collaboration which could lead to the development of a new cost-effective solution for protecting space launch vehicles and spacecraft against extreme heat and pressure. Space vehicles can experience temperatures exceeding 3,000°C during launch and atmospheric re-entry. A common solution is…
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Raytheon Australia has successfully tested its LAND 19 Phase 7B Short Range Ground Based Air Defence (SRGBAD) system – an advanced defence mechanism for detecting, tracking, engaging and guiding missiles against their targets. The company undertook flight trials of the system at the Woomera Test Range in outback South Australia – stretching over 122,000 square…
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