Hearing implant manufacturer Cochlear has revealed that sales jumped 19 per cent, or 16 percent in constant currency terms, in the year ended June to reach $1.96 billion. Sales were driven by the release of new products and as clinicians caught up with implant surgeries postponed during the Covid-19 pandemic. The company, which launched its…
Developer Commercial & General has begun construction of a new $31 million manufacturing, warehouse and office facility in Adelaide for defence contractor Babcock Australasia. The Torrens Road, Adelaide site will include a 4,000m2 purpose-built manufacturing and maintenance building that will underpin Babcock’s delivery of support to land and naval defence programmes including in-service sustainment for…
Bathroom and kitchen fittings manufacturer GWA has increased its net profit on revenues slightly down for the year ended 30 June. The company which manufactures the Caroma, Methven, Clark and Dorf brands reported statutory net profit up 22.7 percenmt to $43.2 million on group revenue down 1.6 percent to $411.8 million. Normalised net profit after…
Perth luxury shipbuilder Silver Yachts has begun construction of two SpaceCat luxury catamaran yachts. With a unique design by naval architect and designer Øino, the 36 metre SilverCat Series offers style, space, performance, and value that is exclusive in the market, according to the company. Best known for its large single-hulled super yacht designs such…
Energy storage company 1414 Degrees has commissioned its SiBox Demonstration Module (SDM), marking a key funding milestone in the SiBox Development Agreement with Woodside Energy Technologies. The commissioning phase involved extensive trials, demonstrating the SiBox molten silicon energy storage system’s ability to convert electric energy into a controlled very hot air stream suitable for industrial…
By Peter Roberts The Sorbent Paper Company has called for staff to nominate for voluntary redundancy in preparation for the closure and offshoring of some operations at its Box Hill, Victoria plant. The company did not say how many of its 400 Australian staff would be affected, however it said voluntary redundancies were the first…
Building materials suppliers James Hardie Industries and Boral have both reported bumper results this week, including volume and margin growth, as companies learned to live with uncertain economic times. Hardies, listed in Australia and New York but with executives based in Chicago, Illinois, reported first quarter FY24 results including record global earnings before interest and…
By Peter Roberts The Department of Defence has called for information and ideas leading to the development of a small, capable and genuinely sovereign drone system to be developed and manufactured in Australia. The Department issued a Request For Information (RFI) which is an ‘industry engagement activity’ for the Advanced Strategic Capabilities Accelerator (ASCA)’s first…
There is something particularly cruel for Australian manufacturing in China’s continuing targeting of wine exports as part of its – failed – attempt to force Australia to toe a more Beijing friendly policy line. With China’s recent move to remove crippling trade sanctions on Australian barley holding up hopes for wine, nothing is sure and…
A new partnership between remote operations consortium AROSE and the Robotics Australia Group will help connect and grow Australia’s maturing robotics ecosystem, developing opportunities for growth, collaboration and advocacy of remote operations technology. AROSE is an industry-led organisation focused on remote operations science, technology and services on Earth and in Space, while Robotics Australia Group…