The third annual Australian Made Week begins on Monday, as the Australian Made Campaign notes vastly increased licensee numbers since 2020. In a statement on Friday, Australian Made said the number of its licensees had “rocketed” upwards in the last three years, with consumers wanting to support more items “bearing trustworthy country-of-origin certification.” “The brand…
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LED stadium lighting manufacturer VALO has announced that it is to change its name and rebrand to VAILO as part of its expansion internationally. Chief Executive and founder Aaron Hickmann has just returned from the United States to scope VAILO’s first export project returning with a new vision to become a global leader in ultra-high-performance…
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CSIRO appoints new Energy Director Dr Dietmar Tourbier has been appointed Director of Energy at CSIRO, Australia’s national science agency, following a competitive international recruitment search. Dr Peter Mayfield, CSIRO’s Executive Director for Environment, Energy and Resources, said Tourbier’s appointment comes at a critical juncture for Australia and CSIRO in particular. “Dr Tourbier’s deep industry…
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The Australian National Audit Office has issued a report critical of the acquisition of nine Hunter class frigates now under construction at the Osborne naval shipyard in Adelaide. These are the ANAOs’s conclusions in full of its review of the $35 billion acquisition by the Department of Defence: The Department of Defence’s management to date…
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By Jarryd Daymond, University of Sydney Imagine a world where computers can solve complex problems in seconds, making our current devices seem like mere typewriters. These supercomputers would revolutionise industries, create new medicines, and even help combat climate change. Imagine as well we could observe the workings of our own bodies in unprecedented detail, and…
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Explosives and mining technology group Orica is riding a wave of high commodity prices boosting customers fortunes to notch up a 32 percent rise in half year underlying operating profit of $323 million. The result, which yielded a net profit after tax of $123 million in the half year ended 31 March, came after a…
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Australia’s trade minister Don Farrell predicts that China could lift its punitive trade restrictions on $20 billion worth of Australian exports by the end of the year, according to reports in Channel 9 newspapers. On the eve of his departure to China for the first meeting of trade ministers since 2019, Farrell told the newspapers…
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The Federal Government’s $15 billion National Reconstruction Fund (NRF) should be designed to reduce hurdles and ease access for Australia’s predominantly small and medium sized manufacturing enterprises, according to the Geelong Manufacturing Council. In a submission to the Government’s NRF, GMC called for the establishment of a decentralised team of business advisers to support SMEs…
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Building products group CSR has delivered strong profit and revenue growth in the financial year to 31 March. The company announced net profit after tax of $225 million, up 17 percent on the previous corresponding period, on trading revenue up 13 percent to $2.6 billion. The company’s building products segment earnings before interest and tax…
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The Australian Renewable Energy Agency (ARENA) has welcomed new funding in the budget to deliver the Industrial Transformation Stream of the government’s Powering the Regions Fund. As part of the $1.9 billion Powering the Regions Fund package, the government announced the $400 million Industrial Transformation Stream to support industrial facilities across Australia to reduce their…
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