Construction of battery gigafactory accelerates Energy Renaissance is pressing ahead with construction of Renaissance One, the company’s lithium battery production plant in Tomago, NSW. The company said work at the site (pictured) was picking up pace, with development partner ATB Morton now erecting steelwork. “Over the next few weeks the facility will start to take…
Treasury Wine Estates has furthered its strategy of premiumising its US wine businesses with the $433 million purchase of Frank Family Vineyards. The maker of Penfolds wines bought the Napa Valley, California business on an EBITDAS multiple of 13.2, which TWE said was favourable compared to the company’s current luxury wine transactions. FFV’s portfolio is…
Compostable stretch kitchen wrap business Great Wrap has launched its Australian-made compostable catering wrap for businesses across the country. Made from food waste, Great Wrap initially launched a domestic Compostable Cling Wrap, but now provides a solution for commercial waste challenges that is suitable for restaurants, grocers, delis, bakers and more. The company also takes…
Leading businesses were celebrated this week for their work towards improving packaging sustainability as part of the Australian Packaging Covenant Organisation’s (APCO) Annual Awards ceremony. Businesses including Kellogg, Nestlé, Coles, BioPak, and CHEP were among the big winners, each taking home multiple accolades. In total, 22 awards were handed out to businesses in industry sectors…
Electronic Warfare and surveillance technology company DEWC Systems has partnered with the Australian Institute for Machine Learning (AIML) to explore AI and machine learning to detect radio frequency (RF) signals. AIML, part if the University of Adelaide, and DEWC will detect and classify RF signals in complex environments as part of their Miniaturised Orbital Electronic…
Pokie machine manufacturer and and online gamming business Aristocrat Leisure has rebounded from a nadir during the Covid-19 pandemic a stronger, more diverse and resilient business, according to the company’s FY21 report. The Sydney company saw an 81 per cent growth in net profit after tax to $865 million, up 102 per cent on the…
By Peter Roberts Most of us have probably seen Lyre’s non-alcoholic spirits at the supermarket and reeled at the price – starting from around $45 a bottle for a, well, fake gin, whiskey or rum. But this UK company – which also manufactures in Australia – shows that innovation, timing and product quality in manufacturing…
The federal government has announced Defence Innovation Hub grants of $10 million ti support development of artificial intelligence (AI) technologies and defence industry. The investment supports the government’s new Blueprint for Critical Technologies and Action Plan, released by the Prime Minister yesterday, which included AI as one of nine listed critical technologies of national interest.…
SRJ Technologies Black Sky Aerospace blasts off Solid rocket fuel manufacturer Black Sky Aerospace has launched its Sighter 150 rocket from the company’s test and launch site near Goondiwindi, Queensland. The rocket a height of 30,000 feet in 30 seconds carrying software for a cyber security customer. This, the third in a series of test…
Engineering firm SRJ Technologies Group has begun an analysis of the future market for hydrogen as it progresses its plans to develop hydrogen-compatible pipe technology. The company has identified opportunities in leak sealing, mechanical connectors, isolation, repair and integrity solutions for blended hydrogen pipelines and hydrogen manufacturing facilities. The company also has a partnership with…