Civmec has reported a profit of $1.27 million for the second quarter of the 2019 financial year, while also announcing a new contract at Albemarle Corporation's Kemerton lithium project.
3D printer Aurora Labs has raised $5 million via a share placement, with the funds to be used primarily to fast track the completion of its rapid manufacturing technology, which allows multiple layers of metal 3D parts to be printed in a single pass.
Industrial technology company Orbital Corporation has lowered its revenue guidance for the financial year by $4 million, following production delays to one of its new engine models.
One of Perth’s most prominent fashion designers has announced the closure of an internationally successful label, but hinted at plans for something big in the pipeline.
Henderson-based shipbuilder Austal has increased its full-year revenue projections to $1.9 billion, thanks partly to better-than-expected procurement levels from the US Navy for its littoral combat ships.
Unique Metal Works is set to double in size after striking a deal with the administrators of RCR Tomlinson to purchase its laser business, which employs about 200 people.
US federal agents have conducted a search at Austal’s offices in Mobile, Alabama, in relation to an inquiry by the Australian Securities and Investments Commission into announcements the shipbuilder made in late-2015 and mid-2016.
Austal disclosed today that the corporate regulator is investigating announcements in late 2015 and mid 2016 that triggered a sharp fall in the ship builder’s share price.
Austal has secured a contract to build two vessels for the US Navy, while also announcing that the Commonwealth has agreed to loan the government of Trinidad & Tobago $80 million to support a purchase from the local shipbuilder.
Opinion: WA punches well above its weight in terms of technical and operational skills, but our manufacturers could do with a bit more hometown support.
Mark Pownall and Kreepy Krauly director Sarah Davis discuss the finer details of the second generation Perth-based family business, which was founded by Terry Jackson.
Austal will build a ferry for the government of Trinidad & Tobago, in a deal worth approximately $97.7 million, while also announcing it had won an advanced $54.9 million order for materials to construct a transport vessel for the US Navy.
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.
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.
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.
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.
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.
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.