Manufacturers' Monthly http://www.manmonthly.com.au Fri, 26 May 2017 04:01:50 +0000 en-AU hourly 1 https://wordpress.org/?v=4.6.1 Emerson completes acquisition of Mynah Technologies http://www.manmonthly.com.au/emerson-acquisition-mynah-technologies http://www.manmonthly.com.au/emerson-acquisition-mynah-technologies#respond Fri, 26 May 2017 02:33:58 +0000 http://www.manmonthly.com.au/?p=70041 Emerson has announced that it has completed the purchase of Mynah Technologies, a long-time Emerson alliance partner and a leading provider of dynamic simulation and operator training software. Mynah’s solutions enable plant engineers and technicians to test and improve process control strategies, and train plant operators, in offline, real-world scenarios before implementing them in live production. … Continue reading Emerson completes acquisition of Mynah Technologies

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Emerson has announced that it has completed the purchase of Mynah Technologies, a long-time Emerson alliance partner and a leading provider of dynamic simulation and operator training software.

Mynah’s solutions enable plant engineers and technicians to test and improve process control strategies, and train plant operators, in offline, real-world scenarios before implementing them in live production. The addition of Mynah will help support Emerson Automation Solutions and its Operational Certainty program designed to help industrial companies achieve top performance.

“Adding MYNAH’s simulation software and expertise allows us to provide customers with more advanced process simulation and training solutions. This will help improve plant performance, safety and profitability by allowing them to fully optimise their human and automation resources,” said Jamie Froedge, president, Process Systems and Solutions, Emerson Automation Solutions.

MYNAH’s Mimic Simulation Software is currently in use at more than 1400 sites across 68 countries in industries ranging from hydrocarbon production, refining, chemical, pharmaceutical and biotechnology. The company’s portfolio also has integration solutions that connect Emerson’s DeltaV distributed control system and its production improvement capabilities with additional plant systems, helping Emerson meet customer demands for more integration and related plant performance improvements.

“We are excited to join Emerson in delivering greater operational value to the process industries” said Martin Berutti, chief operating officer for MYNAH Technologies.

“By leveraging Emerson’s vast global network we can help more organisations deal with generational shift changes in the workplace, while improving the performance of industrial plants.”

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Ansell sells condom business to Chinese buyers http://www.manmonthly.com.au/ansell-sells-condom-business http://www.manmonthly.com.au/ansell-sells-condom-business#respond Fri, 26 May 2017 01:45:24 +0000 http://www.manmonthly.com.au/?p=70034 Australian manufacturer Ansell has sold its condom business to a consortium of China’s Humanwell Healthcare and conglomerate CITIC, for $800 million. The buyers will take on Ansell’s Sexual Wellness division, which manufactures condoms and personal lubricants. Last year, the division achieved a pre-tax earning of $38 million with $190 million worth of sales. According to Ansell … Continue reading Ansell sells condom business to Chinese buyers

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Australian manufacturer Ansell has sold its condom business to a consortium of China’s Humanwell Healthcare and conglomerate CITIC, for $800 million.

The buyers will take on Ansell’s Sexual Wellness division, which manufactures condoms and personal lubricants.

Last year, the division achieved a pre-tax earning of $38 million with $190 million worth of sales.

According to Ansell chief executive Magnus Nicolin, the global condom market is currently in flux, making this the right time to sell the business. He added that the sale will allow Ansell to concentrate on its core activity of selling to medical and industrial end markets.

It is expected that the company will receive $705 million in profits (after tax) from the sale. Ansell has committed to spending $356 million of this profit on buying back 10 per cent of the company’s shares over the next year.

None of the Ansell’s sexual wellness products are made in Australia, although the division employs approximately 10 people locally in sales and marketing. Nicolin said he did not expect the new owners to reduce the workforce.

 

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Naval Shipbuilding College to train thousands of Australian students http://www.manmonthly.com.au/naval-shipbuilding-college-australia http://www.manmonthly.com.au/naval-shipbuilding-college-australia#respond Fri, 26 May 2017 00:48:17 +0000 http://www.manmonthly.com.au/?p=70029 Minister for Defence Industry, Christopher Pyne, has announced the release of a Request for Proposal for the Naval Shipbuilding College.  The Naval Shipbuilding College is a key initiative in the Naval Shipbuilding Plan, released in May 2017. Pyne said the College would attract, train, and retrain naval shipbuilding workers for the Government’s $90 billion shipbuilding program. … Continue reading Naval Shipbuilding College to train thousands of Australian students

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Minister for Defence Industry, Christopher Pyne, has announced the release of a Request for Proposal for the Naval Shipbuilding College. 

The Naval Shipbuilding College is a key initiative in the Naval Shipbuilding Plan, released in May 2017.

Pyne said the College would attract, train, and retrain naval shipbuilding workers for the Government’s $90 billion shipbuilding program.

 “As outlined in the Naval Shipbuilding Plan, the naval shipbuilding workforce is expected to grow to around 5200 workers by the mid to late-2020s, with more than double this number of workers in sustainment activities, supply and related industry chains across Australia,” said Pyne.

“The release of the Request for Proposal is an important step in ensuring the required workforce is equipped with the right skills at the right time to implement the Government’s ambitious naval shipbuilding program. 

“The initial focus will be on key entry-level trades, and will later expand to include higher education qualifications such as naval architecture and engineering.

 “This demonstrates the Government’s commitment to build the capacity and capability of Australia’s skilled workforce to ensure a sustainable naval shipbuilding and sustainment capability in this country for future generations,” he said.

Pyne said while the Naval Shipbuilding College would be headquartered at Adelaide, it would provide opportunities for education and training providers across Australia.

“Training providers from across the country such as the Australian Maritime College in Launceston and TAFE providers across the country are in the perfect position to benefit from this government initiative.

“The Naval Shipbuilding College will be national in scope. It will work with, rather than compete with, existing education institutions across Australia. 

“Over the first few years of operation it is expected the College will have to attract, train or retrain more than 1,500 students across the country.”

Pyne said there would be opportunities for current workers in shipbuilding, sustainment, and supply industries.

“Developing training to facilitate career paths from entry level trades to more senior positions like foreman and middle managers will be important. 

“The Naval Shipbuilding College will also reach out to workers in adjacent industries, including those recently made redundant in the automotive industry,” he said.

On 24 March 2017 the Government announced an initial investment of $25 million, over the first few years, to establish the Naval Shipbuilding College.

Pyne said the Naval Shipbuilding College must be industry driven to be effective. 

“Not only will the shipbuilders selected for the various shipbuilding projects be key stakeholders, but also companies involved in sustainment and supply chain work.

“A person could be enrolled at the Naval Shipbuilding College headquartered in Adelaide, but be completing the course at a TAFE in Perth, Sydney, Melbourne, Darwin, Brisbane, Canberra, Hobart, or a regional centre such as Cairns.”

As is standard with Government procurement, small to medium sized enterprises have also been encouraged to participate.

The Naval Shipbuilding College will commence operations on 1 January 2018.

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Next step taken in solar thermal development http://www.manmonthly.com.au/solar-thermal-development http://www.manmonthly.com.au/solar-thermal-development#respond Thu, 25 May 2017 23:36:43 +0000 http://www.manmonthly.com.au/?p=70026 The Turnbull Government, through the Australian Renewable Energy Agency (ARENA), has taken the next step in the development of a solar thermal plant at Port Augusta in South Australia. ARENA has requested information from prospective industry participants on the costs and benefits of Concentrated Solar Thermal (CST). This information will help ARENA and the Clean Energy … Continue reading Next step taken in solar thermal development

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The Turnbull Government, through the Australian Renewable Energy Agency (ARENA), has taken the next step in the development of a solar thermal plant at Port Augusta in South Australia.

ARENA has requested information from prospective industry participants on the costs and benefits of Concentrated Solar Thermal (CST). This information will help ARENA and the Clean Energy Finance Corporation (CEFC) to determine the scope and focus of government assistance for the deployment of CST in Australia.

 The call follows the Turnbull Government’s commitment in the Budget to make up to $110 million available for an equity investment to accelerate and secure delivery of a CST plant at Port Augusta.

The plan for a CST plant at Port Augusta, for which the Government has made its commitment clear in the Budget, has been led by the local member Rowan Ramsey.

CST plants operate in a similar way to traditional fossil fuel power plants with steam spinning a conventional turbine which means they can contribute to network stability and reliability when coupled with built-in storage.

ARENA is expected to call for funding applications for investment in a CST plant by the end of this year.

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Electricity prices to increase $3b for NSW consumers http://www.manmonthly.com.au/electricity-prices-increase-NSW http://www.manmonthly.com.au/electricity-prices-increase-NSW#respond Thu, 25 May 2017 01:18:05 +0000 http://www.manmonthly.com.au/?p=70014 The Federal Court has handed down a decision that will increase electricity prices for NSW customers by around $3 billion. According to environment and energy minister Josh Frydenberg, this reaffirms the Turnbull Government’s position of wanting to abolish the Limited Merits Review (LMR) process to stop network businesses gaming the system. The Australian Energy Regulator … Continue reading Electricity prices to increase $3b for NSW consumers

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The Federal Court has handed down a decision that will increase electricity prices for NSW customers by around $3 billion.

According to environment and energy minister Josh Frydenberg, this reaffirms the Turnbull Government’s position of wanting to abolish the Limited Merits Review (LMR) process to stop network businesses gaming the system.

The Australian Energy Regulator (AER) had originally agreed to allow the networks to re-coup a much lower number but this was overturned by the Australian Competition Tribunal last year and subsequently upheld by the court yesterday.

The Federal Government has had a clear policy to reform the LMR process but states who own network assets like Queensland and New South Wales have stood in the way of those reforms, according to Frydenberg.

“By blocking attempts to stop network businesses gaming the system, the Queensland and NSW governments have given a green light to higher electricity prices,” he said.

Therefore, the Turnbull government together with the support of Victoria and South Australia has been trying to get the states to agree through the COAG Energy Council to “stop this rort, but self-interest by those looking to increase the value of their assets has hung consumers out to dry,” he added.

“The LMR process is the root cause of today’s decision which will see customers paying more through higher electricity prices. The LMR process allows energy networks to contest decisions of the AER through the Australian Competition Tribunal by appealing how much they can recoup from customers.

“It is the clear view of the Turnbull Government that the AER is best placed to make decisions on how much energy companies can re-coup from customers and not the Australian Competition Tribunal.”

The COAG Energy Council reached a compromise position in December 2016 to reform the appeal mechanism. The Federal Government has called on all states to come together at the COAG Energy Council in July this implement this commitment.

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