The founder and Managing Director of ASX-listed cooling technology company PWR Holdings is making a phased return to work after taking medical leave in April due to treatment of an acute medical condition. In a statement on Thursday, the company said Weel is continuing his recovery and will share executive responsibilities with Acting CEO Matthew…
Automotive, aerospace and defence manufacturer PWR Holdings expects H1 FY25 net profit after tax to be between $3.2 million and $3.7 million, below the NPAT of $9.8 million achieved in the first half of FY24. The profit figure includes expenses incurred with PWR’s new $22 million headquarters at Stapylton on the Gold Coast which opened…
Automotive, aerospace and defence manufacturer PWR Holdings has announced that Sharyn Williams will become the company’s new Chief Financial Officer, replacing Martin McIver and beginning in the role early next year. In a statement on Tuesday, the company told investors that Williams has “15 years of ASX-listed experience as an Executive Leader and Chief Financial…
Automotive, aerospace and defence manufacturer PWR Holdings has reported a Net Profit After Tax (NPAT) of $24.8 million for the year ended 30 June 2024 on revenue up 17.8 percent to $139.4 million. The company, best known for the manufacture of specialist radiators for F1 cars, reported EBITDA of $45.2 million and an operating cash…
A Hydrus autonomous underwater vehicle made by Advanced Navigation was recently sent on a mission to the Indian Ocean’s Rottnest ship graveyard, sharing data with the Western Australian Museum and Curtin University to rebuild a model of a shipwreck dating back over a century. In a statement from the company this week, it said the…
Gold Coast-based cooling solutions company PWR Advanced Cooling Technology has been awarded “up to $8.78 million” through the state government’s Invested in Queensland program to assist in an expansion. According to a statement from trade and investment minister Cameron Dick on Friday, PWR will invest $21.9 million in a new facility at Stapylton and in…
Automotive, aerospace and defence manufacturer PWR Holdings has reported record sales and profits in FY23 as it continued its expansions internationally and into new market segments. The manufacturer of specialist radiators for F1 cars reported EBITDA operating profit up 9.2 percent on the previous year to $39.1 million, on revenue up 17.1 percent to $118.3…
Drones are one of the hottest technologies gaining traction in defence globally. Today, as part of @AuManufacturing’s sponsored series reporting on BAE Systems Australia’s Partnering for success defence industry supplier event, we look at the locally designed STRIX drone, and the role played by PWR Advanced Cooling Technology in its success. By Peter Roberts. The…
PWR Advanced Cooling Technology has announced a partnership with Constellium, aimed at developing 3D printed heat exchangers and other aluminium components. PWR, an ASX-listed, Gold Coast-based company specialising in design and manufacture of automotive cooling solutions, said the partnership would make use of Constellium’s metallurgical expertise and proprietary Aheadd aluminium alloys for additive manufacturing. Mark…
The Manufacturing Industry Skills Alliance Jobs and Skills Council has released the 2024 Manufacturing Workforce Plan, highlighting the opportunities the sector presents to jobseekers and the country. The plan is a roadmap outlining the key skills and emerging workforce needs for manufacturing. With projected employment growth equivalent to around 120,000 additional workers – up by…