China-focused dairy and healthy products specialist Jatcorp has boosted its Chinese distribution and launched two new China-destined Australian products. The manufacturer and exporter reported reduced sales of milk formula in China which contributed to a $10 million fall in sales in the first six months of 2020 to $30.1 million, compared to the prior corresponding…
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Infinite Blue Energy has partnered with Petrofac for the engineering, procurement and construction (EPC) of its $350 million Arrowsmith Hydrogen Project to be constructed north of Perth, according to reports. Petrofac, an international energy services firm, will progress the Arrowsmith project to support a final investment decision in early 2021. Destined to become Australia’s largest…
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Highly controversial reforms to the research and development tax incentive have been officially scrapped in a “huge win” for the tech sector, with the federal government backing down from its plan to cut $1.8 billion from the scheme.
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The Australian Industry Group has welcomed Tuesday night’s federal budget as suitable for the worst economic downturn since the Great Depression in the 1930s, describing it as “stimulatory, inclusive, confidence-building and forward-looking.”
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Climate change think tank Beyond Zero Emissions has welcomed yesterday’s federal budget, saying it contains “promising endorsement” of a clean economic recovery.
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Boeing Australia will build on its existing presence in Queensland with a decision to produce the Loyal Wingman unmanned jet being developed for the RAAF in the state. Premier Annastacia Palaszczuk announced a partnership with Boeing to assemble the first military aircraft to be designed, engineered and manufactured in Australia in more than 50 years.…
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Metal additive manufacturing group AML3D has received firm commitments from investors to raise $7 million to speed expansion of the company’s 3D printing operations. The Adelaide company will use the funds from institutional and private investors to buy and commission additional production modules to increase contract manufacturing capacity, enabling AML3D to service new customers. AML3D…
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Product design and engineering group Tekt Industries has won backing to develop an augmented reality (AR) based quality control and inspection system, initially for use in printed circuit board manufacturing. The company has received a $250,000 grant from the Advanced Manufacturing Growth Centre (AMGC) to lead the development of an AI Camera based compact vision…
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Brisbane start-up Vaulta will utilise graphene in a new lithium-ion battery casing it is developing following a successful capital raising. The company, which is commercialising a simpler method for manufacturing the casings, has raised $320,000 from ACAC Innovation, Artesian and Brisbane angel investors. One of its first actions was to hire four new staff, including…
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Budget analysis by Peter Roberts The 2020-21 federal budget has been packaged and sold as many things, from one for jobs, to a reset for manufacturing. There are certainly a multitude of initiatives, but this is certainly not a budget that will ‘galvanise investment in Australian manufacturing’ to quote industry minister Karen Andrews. The problem…
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