Australian manufacturing continued “stronger improvement in conditions” over December and January following the disruption last year from Covid-19, according to the Australian Industry Group’s Performance of Manufacturing Index.
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A local metal bending innovation could be the key to more affordable housing, according to FormFlow. By Brent Balinski.
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By Peter Roberts Along with steel production, the manufacture of cement is among the most economically critical and at the same time most polluting of industries. Both products are vital and yet both contribute billions of tonnes annually to carbon dioxide emissions that are raising global temperatures and threatening humanity. But paths to decarbonise both…
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Boeing Defence Australia (BDA) has signed a Memorandum of Understanding (MOU) with NIOA to support the cannon and ammunition system for the AH-64E Apache armed reconnaissance helicopter. NIOA, supplies weapons, ammunition and technical support for military and security use while Boeing will the AH-64E Apache Guardian to fulfil the army’s armed reconnaissance helicopter (ARH) role…
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One of the most ambitious renewable power projects globally has moved a step closer with Sun Power signing an agreement with the Northern Territory to facilitate its planned Australia-ASEAN power link (AAPL). Sun Cable will prepare a Territory Benefits Plan, including an Aboriginal workforce development plan and local participation strategy, for its plan to supply…
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DXN achieves maiden positive cash flow Prefabricated data centre manufacturer DXN achieved its first positive cash flow from operations in the December quarter of $55,000, boosted by cash receipts of $1.97 million. The company completed installation of the first cable landing station in Fiji for Southern Cross Cable Network and inked new contracts worth $1.8…
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Queensland’s Black Sky Aerospace has celebrated the successful launch of the first rocket powered by Australian-made fuel (pictured). The company was partly funded by the Advanced Manufacturing Growth Centre to develop a process to manufacture solid-state rocket fuel, using it for the launch in outback Queensland earlier this month. AMGC chairman Paul Cooper said Back…
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Lynas Rare Earths pushed ahead with the construction of its new Kalgoorlie cracking and leaching plant during a December quarter which also saw record sales revenue of $119.4 million. The Perth company told investors that neodymium and praseodymium (NdPr) production during the quarter was 1,367 tonnes, up from 1,342 tonnes in the previous corresponding period.…
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Sleep apnoea technology company ResMed boosted revenue by nine per cent and net operating profit by 12 per cent during the quarter ended 31 December as product sales and digital health businesses prospered during the Covid-19 pandemic. The US-Australian listed company reported revenue of $1.04 million (US$800 million) and net income of $233.98 million, up…
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Steelmaker BlueScope has powered ahead with the recovering global economy reporting preliminary unaudited earnings before interest and tax (EBIT) for the first half of around $530 million, up on previous estimates of $475 million. Managing director Mark Vassella said all segments of the group’s business performed well in the six months to December with margins…
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