The United States market has been revealed as the new focus for BlueScope Steel in the company’s record $2.81 billion net profit after tax for FY22, 135 percent up on FY21 released today. The company’s underlying EBIT operating profit of $1.58 billion for the second half was beaten only by its’ first half result of…
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EM terminal enters FAT stage EM Solutions’ 2M terminal development has now entered the “Factory Acceptance Testing” phase prior its installation and sea trials upon a Royal Australian Navy Ship. “Congratulations to all EMS staff for reaching this significant milestone!” the company said in an announcement on Linkedin last week. Pakko introduces new quoting system…
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Agreements between the federal and Victorian governments and US-based biotechnology company Moderna have been finalised, the participants have announced, with an upcoming site at Monash University to be built for onshore mRNA vaccine production.
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Food and grocery manufacturing narrowly increased its revenues over 2020/2021, according to the annual State of the Industry report compiled by industry body the Australian Food and Grocery Council.
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Developer Thrive Construct recently announced the world’s tallest steel-timber hotel to be built at Victoria Square, Adelaide. Australia has caught onto the trend of building taller in timber, with other plans for three buildings 180-220 metres high submitted in Perth and Sydney. These would more than double the current world record for a timber building.
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DMTC Ltd and Defence Science and Technology (DST) Group are encouraging Australian industry, universities, and research organisations to submit applied research proposals aimed at supporting development of high-temperature structures and sub-assemblies. Collaborations supported under the RFP will directly align with the aims of the Australian defence and national security community by complementing parallel efforts in…
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Cold spray additive manufacturing company Titomic has announced a $395,000 sale to engineering company Brauntell, which it says establishes a new presence in the mining sector. Titomic said in a statement to the ASX on Monday morning that it expects the D523 cold spray systems to be resold by Brauntell to customers. Brauntell – which…
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A new supercomputer has been officially launched at Defence Science and Technology Group’s Edinburgh, South Australia site. According to acting prime minister and minister of defence Richard Marles, the state-of-the-art investment was “up to a million times faster than a standard computer” and will enable the crunching of large data sets to address some of…
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AGL Energy and Fortescue Future Industries have expanded their green hydrogen feasibility study to explore the development of a green hydrogen and ammonia production facility at AGL’s Hunter Energy Hub. Technical consultancy GHD Advisory is carrying out the feasibility study for AGL as the hub provider and Fortescue Future Industries (FFI) as the exclusive producer…
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Sleep apnoea technology manufacturer ResMed has seen its revenues surge 12 percent to $5.07 billion (US$3.6 billion) and operating profit rise four percent in the latest full year following a quarter that saw steady growth in all its markets. In the latest, fourth quarter the San Diego-based company grew revenue four percent to $1.29 billion,…
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