Automated welding technology developer K-TIG has successfully completed the first round of weld testing under a Memorandum of Understanding to develop advanced keyhole welding procedures for Korea’s Hanwha Defense. Weld procedures for joining Ultra Hard Hardness and Ultra High Toughness armoured steels have been developed with hardness and tensile strength results superior to traditional MIG…
Global renewable energy company Fortescue Future Industries (FFI) has announced yet another green business venture – a joint feasibility study with fertiliser and explosives manufacturer Incitec Pivot for the conversion of ammonia production to utilise green hydrogen. The study, announced after a week in which FFI revealed plans for a $1 billion green equipment manufacturing…
The GFG Alliance has agreed to a debt restructuring for Liberty Primary Metals Australia with Credit Suisse Asset Management, ending uncertainty over the future of the Whyalla steelworks. The company said Whyalla had ‘registered record-breaking performances following its operational efficiency drive, continuous improvement initiatives and favourable market conditions underpinned by strong investment in infrastructure.’ LPMA’s…
Andrew Forrest’s Fortescue Future Industries is to construct the world’s largest electrolyser, renewable industry and equipment factory at Gladstone, Queensland FFI, which only last week announced it was designing a 1Gw solar PV factory to be sited in Australia, made the announcement of the first stage on Sunday. FFI said total investment could add up…
By Peter Roberts For several decades Australia has a series of ‘car plans’ that succeeded in reducing model proliferation in what was once a highly protected industry, creating a sector which was technologically advanced and, with the subsidy of the plan, profitable for the surviving companies Ford GM and Totoya. It made an important contribution…
Opposition leader Anthony Albanese outlined a 10 point Buy Australian vision at a NSW Labor conference on the weekend – in this excerpt from his speech, he outlines his plan.
Namoi Cotton grows Northern Australia footprint Namoi Cotton plans to build and operate a new cotton gin with KCC Kimberley Cotton Company to service the Ord River Irrigation Area in Western Australia. The two companies have been developing plans for the gin since 2020, according to Namoi CEO John Stevenson, and was part of the…
Adelaide based systems engineering group Shoal Group will join Lockheed Martin Australia (LMA) on its JP9102 team delivering a next-generation military satellite communications (MILSATCOM) system to Defence. LMA’s JP9102 solution is designed for operational superiority over current systems in the industry. According to the company, it not only delivers unparalleled coverage, capacity and resilience, but…
Battery and electric vehicle technology company 3ME technology has been revealed as the first investment of the Australian Business Growth Fund, a joint partnership between the federal government and Australia’s major financial institutions. Based in the Hunter region, 3ME Technology will receive $15 million from the fund, which was established in 2020 and provided an…
The Defence Innovation Hub has awarded $8.4 million in grants to two companies, DMTC Ltd and QinetiQ to help them develop novel products for use by security and defence forces. $5.4 million has been awarded to Victorian company QinetiQ, which has partnered with the University of Melbourne to develop an innovative, deployable micro-grid that will…