Senior executives and the board of hearing technology group Cochlear will take a pay cut for an initial three months in response to a revenue hit from the Covid-19 coronavirus pandemic. Senior executives will receive a 20 per cent cut, while non-executive directors will receive a 30 per cent cut in board fees. CEO Dig…
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Only days after Melbourne’s Fallshaw Group complained in @AuManufacturing news of price gouging by freight forwarders CEO Jo Fallshaw has been given a price lifeline. Fallshaw had been hit with lack of available flights and price hikes of five times for freighting her specialised hospital bed castors (pictured) to the United States to fulfil an…
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AMTIL, the peak body for manufacturing technology suppliers and users, has added itself to the list of voices requesting that manufacturing be designated an essential industry during the Covid-19 pandemic.
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Around the world, people are racing to design and manufacture much-needed ventilators to address a global lack of supply. One New York hospital has reportedly attempted treating two patients per ventilator out of desperation.
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Oil refiner and retailer Caltex is to shutter its Lytton refinery (pictured) in Queensland in May, bringing forward planned maintenance. While the company plans to complete the work by August, it warned that it would only re-open the refinery, one of only four remaining in Australia, if ‘margin conditions have sufficiently recovered’. The global oil…
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Leading aerospace composites manufacturer Quickstep powered ahead in the third quarter of the year as it continued work on long term contracts for mainly defence-related clients. The Sydney company recorded positive cash flow of $100,000 on sales for the quarter up 16 per cent on the previous corresponding period to $19.2 million. Sales for the…
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Nanosatellite business Myriota has announced a $28 million Series B funding round, with Hostplus and Main Sequence Ventures as lead investors and all Series A backers participating in the raise.
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Lithium technology company Lithium Australia has been granted a patent from IP Australia covering its LieNA lithium metal processing technology. The Perth company is developing mining, processing, battery cathode manufacturing and battery recycling operations, and now receives protection for 20 years for its core technology. The company and the Australian Nuclear Science and Technology Organisation…
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Manufacturing has so far continued to operate in the face of the spread of the Covid-19 coronavirus, with companies using social distancing and sanitation measures to keep their staff safe at work. Companies have also re-engineered their supply chains to replace inputs from distant sources such as China. But forward looking companies are also planning…
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South Australian companies are ramping up hand sanitiser production to fill local shortages.
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