Infant formula and goat milk company Bubs Australia maintained strong growth in the 2020 financial year despite the Covid-19 pandemic disrupting supply chains in Australia and China. Bubs CEO Kristy Carr said: “Thanks to the foundations laid by the Company over the last two years, Bubs has enjoyed a year of solid revenue trajectory across…
Space, communications and defence manufacturer Electro Optic Systems experienced a horror last Covid-19 seven days to the second half of 2020. The Canberra company reported major disruptions to its supply chain in the last week of June interrupted product delivery and delayed revenues until later this year. The half year result was a loss after…
France’s Naval Group Australia will open a new $25 million office in Port Adelaide as it gears up for construction of the Attack class submarine at nearby Osborne. The submarine builder has now welcomed its 250th employee as part of a rapid ramp up of staff on the way to future direct employment of 1,700.…
Analysis by Peter Roberts It is well understood, by everyone everyone except the Coalition government in Canberra, that solar PV and wind are now cheaper than coal-fired electricity, the result of rapidly falling equipment prices. In fact in some countries, including Australia, green power is cheaper than gas. Now a new study suggests that hydrogen…
Traffic Technologies fails to declare a dividend in volatile year Traffic light and road signage group Traffic Technologies has failed to declare a dividend in the 2020 financial year, booking earnings before interest and tax (EBIT) down 402 per cent to $11.4 million. Revenue was down eight per cent to $44.5 million. The results included…
A ‘WarpSPEE3D’ 3D metal printer has been camouflaged as it continues to be deployed and put through its paces by the Australian Army in the extreme heat and humidity of the Northern Territory. Made by SPEE3D, the WarpSPEE3D uses cold spray technology for faster and more cost-effective metal part production at speeds of 100 grams…
Hearing implant manufacturer Cochlear is pressing ahead with construction of its first Chinese manufacturing plant in Chengdu in Sichuan province (pictured). The $90 million investment was announced in 2017 ‘to facilitate local market growth and provide additional manufacturing support for products in China and emerging markets’, according to the company. It is believed the plant…
By Professor Shams Rahman and Dr Kamrul Ahsan The COVID-19 pandemic has caused unprecedented damage to the global economy, with the federal government naming advanced manufacturing as one of six sectors of strategic importance for future growth. This sector accounts for approximately half of Australia’s $100 billion plus annual manufacturing output, with the Australian industry…
Unmanned aircraft engine manufacturer Orbital achieved earnings before interest and tax of $2.6 million on revenue up in what was a transformative year for the company to $33.8 million. The Perth company was named primary engine supplier to Boeing subsidiary Insitu during the year and brought its second Insitu engine model into production. A third…
Composites manufacturer Quickstep Holdings grew sales, margins and profits in the 2020 financial year as all key production contracts in defence and aerospace achieved growth. The Bankstown, Sydney-based company booked earnings before interest and tax (EBIT) of $4.6 million on sales up 12 per cent for the year to $82.3 million. Sales margins rose 25…