Communication and metal detection company Codan has acquired US communication integrator GeoConex LLC as part of the company’s strategy to add technology and capability through bolt-on acquisitions to accelerate growth. At the same time the Adelaide company reported group revenue for the first half of $211.8 million, down 18 percent on the previous corresponding period…
The Australian Academy of Technological Sciences and Engineering (ATSE) has called for an urgent increase in national R&D investment, as well of wide-spread use of low-impact technologies in the mining sector. According to the academy, the mining sector continues to be an essential part of the Australian economy, but practices must adapt to reduce impact…
Edge computing developer Aicraft has announced the successful launch of its first edge computing device, Pulsar (pictured) to space on board the Antaris Inc. satellite JANUS-1. The company combines expertise in AI, semiconductor technology and power electronics to deliver a range of products that feature high computing capacity and small size, weight and power (SWaP).…
The federal government has received the report of the Defence Strategic Review which will guide the development of the Australian Defence Force and hence the areas of focus of government procurement for many years to come. The report was formally handed over to Prime Minister Anthony Albanese and Defence Minister Richard Marles by former chief…
Treasury Wine Estates, the maker of Penfolds, has reported strong earnings growth and margin expansion as the company’s restructure of its wine portfolio towards luxury brands pays off for the company. EBITS for the first half FY23 grew 17 percent to $307.5 million driven by growth in its luxury portfolio of brands, price increases achieved…
Hearing implant manufacturer Cochlear has powered to a new first half record revenue based on new product offerings and as the company completes its recovery from the pandemic. The Sydney company reported sales revenue up nine percent (seven percent in in constant currency terms) to a record $893 million, revealing strong growth in cochlear and…
Concentrated solar power (CSP) developer Vast Solar and Nabors Energy Transition Corp. today announced an agreement for a business combination that would result in Vast becoming a publicly-listed company on the New York Stock Exchange. Founded in Australia in 2009, Vast’s proprietary CSP system uses a modular tower design and a unique sodium loop for…
By Peter Roberts Australian critical minerals producer Lynas Rare Earths has suffered a major blow with the renewal of the operating licence of its Malaysian metals processing plant – the biggest in the world outside China – in such a way that dooms part of the processing at the site to closure after July 1.…
By Peter Roberts How good is @AuManufacturing’s sister networking and discussion group, the Australian Manufacturing Forum on Linkedin? We founded the Forum in 2011 as a place where like minds – those of us excited about developments in Australian manufacturing and keen to work together to ensure its future – could come together in a…
CSIRO has unveiled a $25 million upgrade to its Myall Vale site in NSW with new purpose-built facilities to support cutting-edge cotton research. The upgrades include the newly-built Cotton Management Research Laboratory, which allows the precise pre-emptive monitoring of potential insect resistance and the measurement of crop nutritional status for improved management, as well as…