Reproductive technology company Memphasys came out of a trading halt on Monday morning, telling investors that it has received binding commitments to raise $1.275 million through a strategic placement. In a statement to the ASX, Memphasys said the commitments were from new and existing shareholders, amounting to 212,500,000 ordinary shares at $0.006 per share. Participants…
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Australian medicinal cannabis producer ECS Botanics is taking its expansion plans global after securing a significant funding boost from one of Australia’s biggest banks. The Victorian-based cultivator announced on Monday it had increased its National Australia Bank loan facility by $2 million to a total of $5.2 million, while also securing an additional $400,000 for…
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Heidelberg Materials Australia announced on Monday it has entered into a conditional purchase agreement to acquire Midway Concrete, expanding its presence in the Melbourne and Geelong markets. Midway Concrete operates four plants in Laverton, Craigieburn, Melton and Lara, and has built a reputation for quality products and customer service over its 23-year history. Phil Schacht,…
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Solar and hydro thermal energy startup RayGen Resources has announced the close of a Series D funding round worth $127 million, led by a follow-on investment from US oil and gas services company SLB. In a statement on Thursday, the company said the $31 million investment from SLB was in addition with the execution of…
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What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Fonterra plans $1.7m refurbishment of Tasmanian cheese tower Global dairy company Fonterra has plans to upgrade the cheddaring tower, as its Wynyard, Tasmania cheese factory. It lodged a development application to refurbish and remediate the tower, boosting its height to 21 metres,…
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@AuManufacturing/the Australian Manufacturing Forum have teamed up with a small group of trusted partners to provide help to those wishing to sell their business. We have been approached by investors keen to acquire Australian manufacturing companies. If you’re considering an exit, we’re able to arrange a confidential, no-obligation discussion with our partners. Get in contact…
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HEO shares progress on Holmes Mk2 space camera Space business HEO has shared that work is well underway for its first Holmes Mk2 flight model camera, with the team undertaking “the finishing touches and prepar[ing] for the final phase of testing. In an update on Linkedin, HEO said its smallest non-Earth imaging camera, “provides a…
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A measure of turnover data published by the Australian Bureau of Statistics since 2021 has shown manufacturing outpacing all other industries for February, with a strong rise in metal products. The ABS’s experimental Monthly Business Turnover Indicator tracks 13 industries, with an aggregate rise in turnover of 0.2 per cent (in seasonally-adjusted terms) for the…
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Greensteel Australia announced on Thursday that it has placed an order with steelmaking infrastructure company Danieli Group, “valued in excess of $1.6 billion”, representing stages two and three of a proposed “ultra-low-carbon steel mill”. The order includes a direct reduced iron (DRI) plant, two electric arc furnaces, a structural steel rolling mill, and a second…
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CSIRO has shared details of teams making up the ninth cohort of its ON Accelerate program, featuring technologies including 3D printing for flexible ceramic solutions, a new therapeutic for treating pneumonia, and energy-efficient ammonia production. In a statement on Thursday, the nation’s scientific organisation described the program as a “structured three-month accelerator” helping entrepreneurial researchers…
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