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Manufacturing

Incitec takes $7m WA loss

Explosives manufacturer Incitec Pivot has reported a 34.8 per cent fall in profit for the year to September, including a $7 million hit from lost business in Western Australia.

Hopkins to take charge at AMA

National automotive services business AMA Group has struck a $68 million deal with new investors, which includes a big share selldown by management, after Perth-based Andrew Hopkins became the company’s chief executive.

Report finds battery-making debate overcharged

A new report has cast doubt on Western Australia's suitability as a lithium battery-making hub, claiming low labour productivity, distance from major markets and difficulties sourcing the necessary material as barriers to any potential development.

State to develop Henderson master plan

Dredging a second channel into Garden Island and major road upgrades could be priorities in a Henderson precinct master plan to be drafted by the state government in 2019, while Defence Minister Chris Pyne today announced a new $200 million vessel will be built at the yards.

Austal wins $80m US Navy contract

Henderson-based shipbuilder Austal has won a $US57.9 million ($80 million) contract with the US Navy to build a 103-metre catamaran.

Civmec erects first steel at Henderson

Civmec has erected the first steel for its new $80 million assembly hall in Henderson today, with Prime Minister Scott Morrison in attendance for the event.

Brickworks boost in WA

An improved result in Western Australia, despite challenging market conditions and continued falls in brick selling prices, has helped building materials company Brickworks boost underlying net profit to $223.7 million for the 2018 financial year.

Austal signs $1.6bn US Navy contract

Months after being overlooked by the Australian government for local naval contracts, Henderson-based Austal has achieved more success in the US, securing a $1.6 billion contract to build two ships for the US Navy.

Board moves: Austal, Stavely Minerals

Austal has appointed Chris Indermaur to its board as a non-executive director, while William ‘Bill’ Plyley has stepped down as chairman of Stavely Minerals due to health reasons.

Kreepy Krauly, JWH named to hall of fame

Osborne Park-based manufacturer Kreepy Krauly and homebuilder JWH Group were last night added to Family Business Australia’s hall of fame.

US business boosts Austal

A strong performance in the United States has underpinned a 150 per cent increase in profit for shipbuilder Austal, although chief executive David Singleton has said the company’s defeat in the offshore patrol vessel bid will mean a tougher future for its Henderson shipyard.

Austal picked for work in the Philippines

Austal has been selected as preferred supplier to build six naval vessels for the Philippines, using a design similar to the offshore patrol vessel concept which was unsuccessful in a recent federal government tender.

ACCC backs Fero takeover

Kewdale-based manufacturer Fero Group appears set to be acquired by global outifit DYWIDAG-Systems International (DSI) Group, after the competition watchdog said it would not oppose the deal.

Austal wins $100m contract

Austal has announced the government of Caribbean country, Trinidad & Tobago, intends to purchase two patrol boats in a deal worth approximately $100 million.

Costs cruel manufacturing vision

Is it overly optimistic to believe WA could become a centre for battery manufacturing?

Board moves: Everingham, McDowell

Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.

Fleetwood in $44m acquisitions

Fleetwood Corporation has continued with a major reshaping of its business, announcing two acquisitions on the east coast and a $60 million capital raising, one month after selling its caravan manufacturing business.

Orbital soars on FY18 results

Shares in local tech firm Orbital Corporation soared today after the company’s preliminary financial year results showed net profit of $1.8 million.

SA wins $35bn frigate contract, WA gets $670m

The federal government has today announced its $35 billion frigate project will be built in Adelaide, with local shipbuilder Austal missing out on the main contract.

Miners, farmers could face higher input costs

The federal government has launched an inquiry into cheap imports of ammonium nitrate following an application by three local manufacturers, including Wesfarmers subsidiary CSBP and Orica.

ATO ruling halts $508m auto deal

Perth investor Andrew Hopkins’ planned $508 million buyout of national panel beating business AMA Group has been cancelled after the group failed to get an expected ruling from the Australian Taxation Office.

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