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Manufacturing

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.

Fleetwood sells caravan business for $1m

Perth-based Fleetwood Corporation has sold its struggling caravan manufacturing business, with the company forecasting an overall loss of up to $15 million on the deal.

Ex-Austal exec blocked from Civmec switch

A former Austal executive has been restrained from working for competitor Civmec on the $3.6 billion offshore patrol vessels program, after an interim injunction was handed down in the Supreme Court last week.

Rhinohide takes off-road route to US

Perth-based startup Rhinohide has spent the past three years growing its presence in Australia among 4X4 enthusiasts and is now preparing to expand into the US.

Dutch gyro deal positive for Veem

Marine engineering firm Veem is hopeful its gyrostabiliser technology will provide the next major step in its future growth plans.

Research to augment reality for manufacturers

A Perth-based business that uses augmented reality technology to help customers visualise designs for factories, offices or other products is investing up to $6 million in research after winning a federal grant.

Incitec wins FMG contract

Melbourne-based fertiliser and explosives manufacturers Incitec Pivot and Orica have continued their battle for iron ore contracts in the Pilbara, with Incitec winning a five-year supply deal with Fortescue Metals Group.

Alliance assembles for naval opportunities

Three industry associations in WA are seeking to help local businesses win defence work.

Shipbuilding JV created for $3bn navy project

German shipbuilder Lürssen has unveiled plans to establish a joint venture with local contractor Civmec to build 10 offshore patrol vessels at Henderson, two weeks after it failed to strike a deal with experienced shipbuilder Austal.

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