Henderson, Western Australia-based construction and engineering firm Civmec has confirmed the completed acquisition of all shares in Luerssen Australia, the local subsidiary of NVL (Naval Vessels Lürssen.) The $20 million deal was completed on Wednesday. Civmec said in an ASX statement that it will consolidate its role in local naval shipbuilding “by bringing Luerssen Australia’s…
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Brisbane-based Versatile Structures has pulled off a dramatic rescue mission, announcing on Monday the acquisition of Superior Coaters just weeks before the Dulux-accredited powder coating facility was set to close its doors forever. The last-minute buyout reads like a business thriller – when Versatile Structures learned in April that their key supplier was shutting down…
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Tasmanian businesses began receiving a 25 per cent increase to financial assistance on Monday as the Albanese Labor Government delivered on a key election commitment to boost the Tasmanian Freight Equalisation Scheme. The scheme recognises Tasmania’s reliance on shipping across the Bass Strait and supports Tasmanian shippers to move a range of non-bulk goods by…
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The Queensland government says it will establish a new Manufacturing Hub in Toowoomba, following a funding allocation of $10 million in last week’s state budget. No opening date was given in the update on Tuesday. The statement from manufacturing minister Dale Last said the Toowoomba hub will “soon begin working with local manufacturers to strengthen…
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A new book published by the Acton Institute for Policy Research and Innovation confronts the persistent failure of successive Australian governments to deliver a coherent, long-term innovation policy. In Thinking in Public: Australia’s Missing Innovation Policy—Will it Ever Be Found?, author John H. Howard, a leading figure in Australian innovation and public policy circles for…
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SGH has announced that Boral CEO and Managing Director Vik Bansal will step down, with the transition to a new leader at SGH’s building products division expected “in early 2026”. SGH, formerly known as Seven Group Holdings, said on Tuesday that it had worked with Bansal on “a structured succession to ensure a smooth leadership transition”. …
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When a critical medication that protects Australia’s most vulnerable communities runs short, who pays the price? A new investigation reveals the shocking gaps in our pharmaceutical sovereignty. By Simran Gill. In late February, Australia faced a crisis that few noticed but many felt: a serious shortage of benzathine benzylpenicillin G (BPG), an essential medication used…
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Australian researchers have validated a quantum machine learning model for semiconductor fabrication on experimental data in what they described as a world-first that could reshape how future chips are designed. A research team led by CSIRO demonstrated that quantum machine learning can outperform classical artificial intelligence in modelling Ohmic contact resistance, a critical process step…
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The Australian Government announced on Monday it would invest $12 million to develop new Australian-made medical devices and medicine for people with cardiovascular disease and diabetes. Fourteen Australian start-up and innovator companies will receive funding and commercialisation support to develop improved treatment for management of cardiovascular disease and complications of type 1 and 2 diabetes.…
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OneSteel Manufacturing announced on Monday the appointment of Amrit Mangat as the new general manager of operations at the Whyalla Steelworks. Mangat steps into the lead role after 14 years and multiple roles at the Whyalla steelmaking operation. He joined the steelworks as a reliability engineer after five years as a senior engineer for Rolls…
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