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Manufacturing

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 Luerssen 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.

ClearVue set for ASX debut after $5m IPO

Specialist glass company ClearVue Technologies will commence trading on the ASX tomorrow after raising $5 million via an initial public offering.

McGowan sets up lithium taskforce

Moves to encourage downstream lithium processing in Western Australia continued today, with the state government announcing a taskforce to develop a strategy for the sector.

Battery plant rumoured for Wesfarmers

Interest is growing in Kwinana as a possible battery manufacturing hub, with Wesfarmers mooted to be considering a move into the sector and representatives from US electric car manufacturer Tesla in Perth to meet with Premier Mark McGowan today.

Civmec profit up ahead of defence work

The Henderson contractor that outplayed local shipbuilder Austal for a share of work on the navy’s new offshore patrol vessels has doubled profit over the past nine months, but it remains unclear how much work it will gain from the $3.5 billion project.

Fleetwood moves against board spill

Struggling RV and accommodation business Fleetwood Corporation has made a pre-emptive move to avoid a board spill, after a major shareholder took steps to call a general meeting.

Austal launches $40m expansion

Austal has announced a $US30 million ($40 million) expansion of its commercial shipbuilding operations across three sites, including a $6 million upgrade at Henderson, days after the company was left out of the contract to build Australia’s new offshore patrol vessels.

Austal out of patrol vessel build

The German company contracted to build Australia's new offshore patrol vessels has concluded negotiations with its build partners, but Henderson-based Austal will not be participating, with Civmec being the big local winner.

Building a case for timber

Alternative construction materials are attracting more interest in WA.

Fleetwood slumps on earnings update

Shares in Perth-based Fleetwood Corporation fell nearly 20 per cent today after the RV and accommodation company flagged subdued market conditions for its caravan manufacturing business.

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