The last thing companies should be doing right now is paying dividends
The economic heart attack induced by COVID-19 has revealed an ugly truth – many very large companies have too little cash to ride out sharp downturns.
Details
A new deal for manufacturing – five building blocks for a new plan by Roy Green
Professor Roy Green kicks off @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing in Australia with this industry policy scene setter. Send your submission to peter@aumanufacturing.com.au. Every crisis provides an opportunity and Covid-19 is no exception. Not only has it exposed the gaps in Australia’s manufacturing supply chains, but it has also…
Details
Let’s crowd source a grass roots ‘new deal manufacturing policy’
By Peter Roberts Australia’s industry structure is broken – so with your help we are going to develop a new deal manufacturing plan to help make it right. It has taken Covid-19 to expose the limitations of our economic rationalist policies and how they have created a fragile and narrowly based economy, reliant on export…
Details
Osborne digital naval shipyard nears completion – photo essay
The federal government’s $535 million redevelopment of the Osborne South naval shipyard on the Port River in Adelaide is nearing completion with landscaping works underway in preparation for the handover. The yard, complementing facilities where Collins Class submarines, Hobart class air warfare destroyers and Arafura class patrol boats have been constructed, will be used in…
Details
Australia’s only solar panel factory to expand
Australia’s only solar photo voltaic panel manufacturer, Tindo Solar is expanding its Adelaide factory (pictured) after an uptick in demand as consumers turn to locally sourced products. The company has begun work on a new building next door to its existing Mawson Lakes plant. CEO Glenn Morelli told the RenewEconomy website that bulldozers were moving…
Details
Boeing’s Loyal Wingman jet in new milestone
Boeing Australia recently achieved two new milestones in the development of the Loyal Wingman unmanned jet aircraft being developed for the Royal Australian Air Force. The company’s Australian team achieved weight on wheels and aircraft power on in a major step forward for the aircraft which is designed to fly in company with manned craft…
Details
Industry minister hints at activist post-Covid industry policy
Industry minister Karen Andrews has has again hinted that the federal coalition, once a staunch opponent of government intervention in the market, is preparing a more activist industry policy. She told Chris Smith on 2GB radio on Sunday: “What the coronavirus has proven to us is that it’s wrong for us to be totally reliant,…
Details
Ballarat mineral processing equipment firm to make ventilator
Leading mineral processing equipment manufacturer Gekko Systems has been funded by the Victorian government to further refine a new medical ventilator developed by the firm. The government, which is also supporting a ventilator being developed by Grey Innovation, has advanced funds to prepare the Gekko ventilator design for manufacturing readiness. Gekko, better known for its…
Details
Titomic in new sale to Airbus
Industrial scale metal additive manufacturing company Titomic has won a new customer in aerospace manufacturer Airbus. The Melbourne 3D printing company will develop processes and materials to demonstrate the use its Titomic Kinetic Fusion (TKF) production system to manufacture parts and components. The company will be paid $50,000 to create the first demonstration parts. Managing…
Details
Flying car race series attracts investment
A South Australian company that is building a manned multicopter to compete in its flying electric car racing series has secured seed funding from leading technology venture capital firms.
Details