Lithium Australia advances towards patent protection
Chemicals technology group Lithium Australia has achieved further steps in the progress of gaining patent protection for its LieNA process for extracting lithium from its ores.
Weak markets, coronavirus hit BlueScope profits
International steelmaker and value-added products group BlueScope steel’s profits have plunged as a hit from weaker market conditions was compounded by the effects of the coronavirus. The company, which has extensive operations in China, Asean, the United States and Australia, reported net profit after tax down 70 per cent in the first half to $185.8…
Manufacturing news briefs – stories you may have missed
Phoslock wins Rio contract Large-scale water treatment company Phoslock has won a $2 million contract to clean up one of Rio de Janiero’s main drinking water reservoirs. The company, which does most of its business in highly-polluted Chinese waterways, will bind and remove phosphorous from the reservoir operated by utility Cia Estadual de Águas e…
Crunch time for the economy – check your business risks and buckle up
It has been an unprecedented period of economic growth in Australia. Decades of continuous growth has made us little used to managing for the risks of an economic downturn or recession. But Australia’s economic good luck is running out, with the main economic indicators all running down since the global financial crisis, a salutary economic…
Schneider Electric partners with AZZO
Automation and electrical systems manufacturer Schnieder Electric has partnered with Adelaide software developer AZZO to incorporate its expert solutions into the company’s power monitoring systems. A manufacturer’s electrical power system incorporates millions of dollars worth of equipment and hundreds of data points, but making sense of it all and keeping power flowing safely and efficiently…
New ASX index launches without manufacturers
A new Australian Stock Exchange index goes live today representing an all inclusive view of Australia’s technology companies – yet it fails to include any manufacturers.
Victoria and SA to inject hydrogen into gas networks
Gas technology group Australian Gas Networks has been awarded $1.3 million from the Australian Renewable Energy Agency to study the feasibility of injecting renewable hydrogen into domestic gas supplies in Victoria and South Australia. With state government support the company will spend a total of $4.15 million studying the feasibility of injecting up to 10…
Boral profit confirms slowing economy
Financial results from building giant, Boral point to an Australian economy that was already slowing rapidly last year only to be further hit by bushfires, extreme weather and major project delays. The company’s earnings before interest, tax and amortisation was down 18 per cent in the first half of the financial year on revenue up…
Titomic and Thales partner in titanium soldier equipment
Additive manufacturing technology company Titomic has partnered with French defence giant Thales to manufacture lighter and stronger titanium equipment for soldiers. Under the agreement Titomic will use its Titomic Kinetic Fusion (TKF) manufacturing process to develop ways for Thales to produce soldier weapons systems for the Australian and UK defence forces. The TKF process is…
Carbon Revolution on track for first year profitability
Recently listed carbon fibre composite wheel manufacturer Carbon Revolution is aiming to be EBITDA positive in the last quarter of the financial year as it continues to ramp up production. In its first report as a public company Carbon Revolution reaffirmed its aim of total revenue for the year of $62 million and production of…