Analysis by Peter Roberts It is hard to believe but after tens of billions of dollars spent, Australia heads towards 2020 with slow internet speeds that are going to affect the country’s economic future. New figures released in the Speedtest Global Index show Australia comes in at number 55 globally in terms of internet speed,…
Metal additive manufacturing company, Titomic (ASX: TTT) has won exclusive rights to two CSIRO technologies to make pipe from titanium and titanium alloys. The exclusive agreement, with CSIRO’s The company announced that Titomic Managing Director, Jeff Lang said: “This is a significant expansion of Titomic’s IP and associated revenue opportunities. “By adding these two new…
Canadian renewable energy company will invest $30 million to turn a dis-used zinc mine at Angus near Adelaide into an underground energy store. The company will build a commercial-scale demonstration of its Advanced Compressed Air Energy Storage (A-CAES) technology in use in two other sites overseas. The Australian Renewable Energy Agency (ARENA) will provide $6…
The Warship Asset Management Agreement (WAMA) Alliance has hit a milestone in the upgrading of Australia’s Anzac class frigates, with the removal of the mast of HMAS Arunta. The mast is being removed at BAE Systems’ Henderson shipyard in Western Australia and is a crucial part of the class’s midlife capability assurance programme. WAMA Alliance’s…
First Holden exited Australian manufacturing. Now it is apparently considering closing its Australian subsidiary entirely, shutting its office and handing over distribution of Holden cars to a distributor. If Holden followed this path, revealed in the Australian Financial Review, it would be the final ignominy for ‘Australia’s own car’ that led the market as recently…
Australian Paper has been given the environmental tick of approval for a $600 million energy from waste plant to power its La Trobe Valley paper mill. Following a $7.5 million feasibility study, the company announced EPA Victoria has issued a works approval for its Energy From Waste (EfW) proposal. Australian Paper is already the state’s…
Brisbane’s Redbank Technologies has become the first Australian company to be accepted into the South Australian Government’s $100 million Home Battery Scheme. The company’s Australian made Smart Hybrid Inverter is one of ten brands of battery and related products accepted into the scheme which will help up to 40,000 homes install solar photo voltaic (PV)…
Building products group CSR (ASX: CSR) has completed the sale of Australia’s only maker of float glass, Viridian Glass, to private equity business Crescent Capital Partners. In a move which has the potential to disturb the Australian supply chain for glass, Crescent has purchased the troubled business for a reported $150 million. CSR has written…
Analysis by Peter Roberts Digital technologies giant Dell Technologies released a survey on digital transformation this week that suggested Australia, and its manufacturers, were confident about their path and progress towards a digital future. But on reading the results I am not so sure – perhaps we are further behind than we think. The global…
Sydney company Fonzarelli has launched a performance version of its Australian made electric scooter – the Fonzarelli X1. The scooter, made in Sydney from local and imported parts, sells for $9,890 and is capable of a top speed of 100 KM/H with a range of 80 kilometres. The company, headed by engineer Michelle Nazarri, has…