GFG Alliance executive chairman Sanjeev Gupta said on Sunday that the Whyalla steelworks is generating between $13 million and $14 million in weekly turnover, with hopes of reaching break-even by mid-year. The announcement followed last week’s agreement with global creditors, ending a four-year process triggered by the collapse of GFG’s former financier, Greensill. The steelworks,…
Biome Australia announced its first net profit on Sunday, reporting $96,228 (excluding R&D rebate) for the first half of FY25, alongside record half-year sales revenue of $8.86 million. The microbiome health company reported positive EBITDA of $351,765 for H1 FY25, with Q2 showing an 89 per cent increase to $229,917 compared to Q1. Including R&D…
Construction materials company Boral has announced that it is trialling recycled sand, sourced from end-of-life and damaged solar panels, in concrete intended for use in Victoria’s North East Link project. In a statement on Tuesday, the company said it has used a blend of “up to 50 per cent natural sand” with the crushed glass.…
Volgren has announced its expansion into South Australia, with plans to establish a new facility in Adelaide. The bus body manufacturer, which currently employs 500 staff across facilities in Victoria, Queensland, Western Australia and New South Wales, said the expansion would create new jobs and strengthen local supply chains. The Adelaide facility will provide services…
The CSIRO has launched a new trove of isotopic data, which it says is “an important new national resource” for protecting and extending the nation’s reputation for “high-quality, safe, and sustainably-produced food”. Describing such data as “food’s unique fingerprint”, it said the new Isotopes.au site “consolidates a treasure trove of isotopic data” from Australia’s research…
Over 10,000 South Australian companies have signed up to use the State Brand, according to the SA government, with chicken salt pioneer Mitani one of the most recent. According to a statement on Monday, “thousands more businesses” have joined Brand South Australia after it was relaunched by the government in late-2022. One of these was…
By Mahdi Bodaghi, Nottingham Trent University Imagine buying a flat sheet from a furniture store that changes into a sofa when you heat it with a hairdryer. Or consider the value of a stent that precisely expands inside a patient’s artery, adapting to their unique anatomy. Welcome to 4D printing, a frontier in material and…
BlueScope reported a net profit after tax of $179.1 million for the first half of FY2025, representing a $260.2 million decrease from the same period last year, according to a statement released on Monday. The Australian steel manufacturer delivered an underlying EBIT of $308.8 million, with Managing Director and CEO Mark Vassella describing it as…
Autonomy company Advanced Navigation has announced Maximilian Doemling as its new Head of Product Management, a role described as leading “the strategy and execution of product development, from launch and lifecycle management to maintenance.” In a statement on Monday, the Sydney-based company said Doemling (pictured) will work closely with its research, development, and go-to-market teams,…
Australian clean air technology company Sprintex is poised to make quite the impact on European agriculture, announcing a $6.3 million (€3.8M) purchase order for its compressor systems targeting ammonia emissions in the Netherlands. The deal, revealed in today’s ASX announcement, will see 200 Sprintex-Mest compressor units deployed across Dutch farms, marking a crucial step in…