Austal’s record half year profit Perth international shipbuilder Austal has posted a record half year profit to December despite revenue slipping 14 per cent to $722.4 million. Operating profit or EBIT of $71.1 million was up one per cent on the previous corresponding period to $70.5m. The record result was driven by a combination of…
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@AuManufacturing’s social media discussion and networking group, the Australian Manufacturing Forum on Linkedin, has passed an important membership milestone. The Forum, Australia’s largest social media group of Australian manufacturers, passed 10,041 members late last night with the admission of 56 people. The Forum has grown steadily since its founding in 2013, and a year ago…
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Fortescue Future Industries has begun construction on what is planned to be the world’s largest electrolyser manufacturing facility at Gladstone, Queensland, the first stage of a 100 hectare Green Energy Manufacturing Centre (GEM). The GEM will be powered by green energy and become a major new pollution free green manufacturing hub, with the stage one…
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Defence, space and communications manufacturer Electro Optic Systems has managed to squeeze down the cost of its SpaceLink global system of an initial four, linked optical relay communications satellites. The low Earth orbit satellites, which will provide operational connectivity to commercial and government space missions using both RF and optical links, will be built to…
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By Peter Roberts How many breakdowns does a company have to suffer before the question is asked – what is going on in its United States manufacturing plants? This comes to mind with the news that fertiliser and explosives manufacturer Incitec Pivot has suffered yet another breakdown at its troubled Waggaman, Louisiana ammonia plant. This,…
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I first heard the standard joke about fusion as an undergraduate physics student in the 1960s: Fusion power is fifty years away – and probably always will be.
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The federal government has announced $65 million in funding to support new launch sites and space flights for the space sector.
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Tucked away on a residential street, spitting distance from a lively bistro pub in Glebe (about three kilometres from Sydney’s CBD) is where you will find the most promising Australian robotics manufacturer you’ve never heard of.
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Australia was promised a new research focus for PhDs on the needs of industry. Here Dr John Howard forensically examines the national innovation and research system and asks whether, when the money runs out, will we have a more robust research infrastructure and research workforce? On 31 January 2022, the Prime Minister announced that the…
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IDT Australia’s strong year as it develops mRNA technologies Independent pharmaceutical manufacturer IDT Australia has reported revenues up 74 per cent in the first half FY 22 to $8.56 million as its developed its capabilities in sterile manufacturing. Profit after tax was $1.21 million, up slightly from $1.12 million in the previous corresponding period. During…
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