Lovells Automotive Systems will officially open its newest franchise site, Lovells Osborne Park in Western Australia, on Monday. According to a statement from the Lovells Group subsidiary on Friday, the site has undergone an extensive renovation and rebrand after being taken over from WA Suspensions, and marks “a significant milestone in Lovells’ retail and franchise…
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The National Reconstruction Fund has announced a $50 million equity investment in Liontown Resources, which is raising $266 million through an institutional placement. According to a statement from industry minister Tim Ayres on Thursday, the investment by the NRF will support “the ramp-up and underground transition” of Liontown’s Kathleen Valley Lithium Operation. “I am delighted…
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Bionic voice company Laronix, which featured on this year’s Australia’s 50 Most Innovative Manufacturers list, has been selected among the new cohort for the Google for Startups Accelerator: AI First program. According to an update on Google Australia’s blog on Thursday, the program is “designed to help Australian startups building AI and machine learning solutions…
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IDT Australia, an ASX-listed pharmaceutical contract development and manufacturing organisation (CDMO), has announced the resignation of CEO Paul McDonald “with immediate effect”. According to a statement from the company on Thursday, current Independent Non-Executive Chair Mark Simari, who has been on the board since 2022, is now Executive Chair. The search for a new CEO will…
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Uranium enrichment company Silex Systems has received firm commitments to raise $130 million via an institutional placement of approximately 33.3 million new fully paid ordinary shares at $3.90 per share. According to a statement from the company on Thursday, proceeds will be used primarily to support commercialisation of the company’s SILEX uranium enrichment technology in…
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Plant protein business v2food has announced a strategic partnership with multinational food and biotechnology company Ajinomoto, as well as the acquisition of US plant-based chicken company Daring Foods. According to a statement from Sydney-based v2food on Thursday, the partnership with 100-plus-year-old, Japan-based Ajinomoto will combine v2food’s protein technology and manufacturing with its partner’s century of…
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Sponsored Australia’s manufacturing sector is at a critical turning point. With government policy increasingly focused on resource efficiency, decarbonisation and circular economy outcomes, manufacturers are under growing pressure and opportunity to rethink how products are designed, produced and managed at end-of-life. Waste Expo Australia 2025, taking place on 29–30 October at the Melbourne Convention and…
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Australian industry showed signs of recovery in July, driven primarily by business services, whilst manufacturing continued to struggle, according to the latest Ai Group Australian Industry Index released on Tuesday. The index improved by 5.8 points to -3.2 seasonally adjusted in July, marking its strongest score in three years. Business services led the recovery, continuing…
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The Australian Government has approved a Strategic Shipbuilding Agreement with Austal that will establish the company as the Commonwealth’s strategic shipbuilder for Tier 2 surface combatants at Henderson, Western Australia, according to an announcement on Monday. Under the agreement, Austal Defence Shipbuilding Australia, a newly created subsidiary, will become prime contractor for the LAND8710 programs…
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Infection prevention company Nanosonics has received US Food and Drug Administration clearance for its latest trophon innovation, enabling the commercial launch of trophon3 and trophon2 Plus in the United States, according to an announcement on Tuesday. The new trophon3 technology delivers over 40 per cent faster cycle times compared to previous generations whilst maintaining the…
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