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DoD extends GE engine contract for Super Hornet & Growler
The Department of Defence (DoD) has announced a $232 million contract extension to expand GE’s support of jet engines for the Royal Australian Air Force’s (RAAF) fighter fleet until 2025. Under the contract, GE will provide engineering, supply and maintenance support for the 84 engines of Australia’s F/A-18F Super Hornet and EA-18G Growler aircraft fleets. … Continue reading DoD extends GE engine contract for Super Hornet & Growler
December 2, 2016 0 comment
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HSBC set to dump its Arrium debt
According to a report in The Australian this morning, HSBC has become the latest Arrium lender to sell its debt in the company. This latest move comes as voluntary administrators KordaMentha and advisers Morgan Stanley prepare to sell the remainder of the Arrium business early next year after divesting Moly-Cop to American Industrial Partners for … Continue reading HSBC set to dump its Arrium debt
December 2, 2016 0 comment
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Forbes report finds companies failing to unlock the potential of their own data
According to a new report by Forbes Insights in association with Hitachi Data Systems, titled “How to Win at Digital Transformation: Insights from a Global Survey of Top Executives”, changing customer expectations are the biggest external driver of digital transformation (DX) in Australia, cited by 58 per cent of respondents compared with the 35 per … Continue reading Forbes report finds companies failing to unlock the potential of their own data
December 2, 2016 0 comment
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New laser machine set to launch in the Australian market
The HLF series fiber laser is the newest edition to the range of Yawei sheetmetal machinery to be available from Applied Machinery. Yawei is one of the world’s leading manufacturers of CNC press brakes, CNC turret punch presses and guillotines and their entrance into the laser cutting market is off the back of years of … Continue reading New laser machine set to launch in the Australian market
December 1, 2016 0 comment
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Kaeser helps to decorate the royal Christmas tree
As the lights were illuminated on this year’s Christmas tree at Windsor Castle, they sparkled in some very special baubles that were hand blown and adorned with various emblems, the stamps for which came from Kaeser Compressors. Coburg, the home of both Kaeser, and the English royal family shares a long history together. Prince Albert, … Continue reading Kaeser helps to decorate the royal Christmas tree
December 1, 2016 0 comment
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New tech hub opened in South Australia
South Australia has opened a new manufacturing technologies centre to help businesses grow by providing access to the state’s best researchers, financial institutions and global supply chains. The $1.2 million centre, situated in Adelaide’s northern suburbs at the University of South Australia’s Mawson Lakes campus, will help businesses identify methods by which they can adopt … Continue reading New tech hub opened in South Australia
December 1, 2016 0 comment
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Holden shuts engine plant at Port Melbourne
General Motors Holden has produced the last engine at its Port Melbourne plant, with 175 jobs finishing up ahead of the end of its Australian manufacturing operations in 2017.
November 30, 2016 0 comment
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Bustech hopes $2 million grant will see 100 employed making electric buses in SA
Burleigh, Gold Coast-based Bustech hopes that a new grant to develop electric buses will see 100 jobs created over the next 18 months in South Australia.
November 29, 2016 0 comment
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Siemens acquires Mentor Graphics
Siemens and Mentor Graphics have announced that they have entered into a merger agreement under which Siemens will acquire Mentor for US$37.25 per share in cash, which represents an enterprise value of US$4.5 billion. This acquisition decisively extends Siemens’ leading Digital Enterprise Software portfolio with Mentor’s electronics IC and systems design, simulation and manufacturing solutions. … Continue reading Siemens acquires Mentor Graphics
November 23, 2016 0 comment
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The top IoT software platforms for 2016
A new report from Forrester has identified and compared the top 11 IoT software platform providers for this quarter. According to the report, IBM, PTC, GE and Microsoft lead the pack, while AWS, SAP and Cisco Jasper offer competitive options, and LogMeIn, Ayla Networks, Exosite and Zebra Technologies lag behind. Forrester evaluated vendors based on 25 … Continue reading The top IoT software platforms for 2016
November 23, 2016 0 comment
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Thales snaps up Collins sub sonar contract
The Minister for Defence Industry, the Hon Christopher Pyne MP, today announced that Thales Australia has been awarded a $100 million contract to design a major sonar system upgrade for Collins class submarines. Minister Pyne said Thales Australia will engage other Australian-based companies including Sonartech Atlas and L3 Oceania, as well as suppliers from the … Continue reading Thales snaps up Collins sub sonar contract
November 23, 2016 0 comment
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Trumpf and Siemens to collaborate on 3D metal printing
Trumpf and Siemens are joining hands to produce a software solution for optimised and streamlined additive manufacturing of metal parts with Trumpf printing machines – from part design to 3D printing. The two companies hope to industrialise laser metal fusion technology and make the additive manufacturing process for metal parts an integral part of the … Continue reading Trumpf and Siemens to collaborate on 3D metal printing
November 23, 2016 0 comment
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Union boss’s violent past comes to light
Jim Metcher, the NSW secretary of the Communications, Electrical and Plumbing Union (CEPU) and the longest-serving union leader in the country has been accused of hiding his violent past from the Fair Work Commission. This includes his brutal domestic abuse of his daughter and ex-wife. He is expected to face the Fair Work Commission on … Continue reading Union boss’s violent past comes to light
November 22, 2016 0 comment
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Turnbull trusts in a Trump TPP turnaround
With Asia Pacific leaders reaffirming their commitment to free trade at the Asia Pacific Economic Cooperation Summit in Peru, Malcolm Turnbull is “confident” that US president elect Donald Trump will “see the light” and do an about turn on his protectionist stance against the Trans Pacific Partnership (TPP). Currently it looks to be headed for … Continue reading Turnbull trusts in a Trump TPP turnaround
November 22, 2016 0 comment
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CSIRO set to improve chemical manufacturing
CSIRO has launched its “FloWorks” Centre for Industrial Flow Chemistry today in Clayton, Victoria. The aim of FloWorks is to provide cutting-edge research into flow chemistry capability, making it more accessible to the chemical manufacturing industry. Senior research scientist with CSIRO’s manufacturing sector and Director of the new centre, Dr Christian Hornung, said flow chemistry … Continue reading CSIRO set to improve chemical manufacturing
November 22, 2016 0 comment
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Cochlear loses US patent appeal
ASX-listed Australian hearing implant manufacturer Cochlear has lost a court case in the US over two disputed hearing aid patents. In a ruling delivered last Thursday, the [US] Court of Appeals for the Federal Circuit ruled in favour of the Alfred E. Mann Foundation (AMF), confirming that defendants Cochlear infringed on two claims of AMF … Continue reading Cochlear loses US patent appeal
November 22, 2016 0 comment
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3D printed organ company to open in Brisbane in 2017
In a first for Australia, The Courier Mail has reported this morning, the Herston Biofabrication Institute, to be opened in late 2017, will be manufacturing human tissue, bones and eventually even organs. Eventually employing up to 60 researchers, the Institute will also develop capabilities of advance medical technologies such as 3D printing and computational medicine. … Continue reading 3D printed organ company to open in Brisbane in 2017
November 22, 2016 0 comment
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OPINION: Should Australian companies set executive pay to a US benchmark?
It’s the time of the year when company boards and executives face their shareholders at annual general meetings. Boards will be asked to explain the pay packages of executives. Already some have been called into question. Some Australian companies cite the need to rely on the United States as a benchmark when it comes to … Continue reading OPINION: Should Australian companies set executive pay to a US benchmark?
November 22, 2016 0 comment
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Schaeffler cuts jobs but Asia Pac remains unaffected
In a bid to re-strategise its business plans for growth in 2017, German bearing maker Schaeffler has announced that it looks to shave off 500 jobs at its industrial division in Germany and other European countries. The company has cited the move was due to slow delivery chains and overly centralised sales operations and mentioned … Continue reading Schaeffler cuts jobs but Asia Pac remains unaffected
November 22, 2016 0 comment
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Kion completes Dematic acquisition
Materials handling company, the Kion Group, has successfully completed its $2.1 billion dollar (A$2.86 billion) acquisition of automation and supply chain optimisation specialist Dematic earlier this month. With the acquisition, the Kion Group will now feature a suite of products ranging from forklift trucks to AS/RS solutions. “The transaction brings together the world’s most profitable … Continue reading Kion completes Dematic acquisition
November 21, 2016 0 comment