Wednesday, February 26, 2025

ANZ businesses need ESG scorecard boost to attract investors, research reveals

A study conducted by Intuit Research has highlighted the significance of environmental, social and governance (ESG) sustainability scorecard for businesses in Australia and New Zealand to attract more investors. 

Origin Energy invests $4 million in Allegro’s Redox Flow Battery development

Australian energy giant Origin Energy Power has purchased a 5 per cent equity stake in ReNu Energy’s investee company, Allegro Energy, for a total of $4 million. 

Toyota Hilux to get 48V technology in 2024 with 10% better fuel economy

Toyota Australia is set to offer approximately 10 per cent fuel economy improvement for certain HiLux models, compared to the current 2.8-litre turbo diesel variants, when upgraded versions fitted with 48-volt technology arrive in the first half of 2024.

Orbital UAV clinches $1.5m grant from gov’t following performance milestone

Australian drone manufacturer Orbital UAV has secured a $1.5 million grant from the Department of Jobs, Tourism, Science & Innovation, after the company reached an agreed performance milestone during the second half of 2023.

General Motors taps Aussie company Element 25 to help expand US EV supply chain

Element 25, a producer of manganese concentrate in Western Australia, has partnered with General Motors to support the production of over 1 million electric vehicles (EV) in North America.

Australian private sector continues expansion streak in June— Judo Bank

Australia’s private sector has remained in expansion at the end of the second quarter of the year, despite the manufacturing sector posting below the 50.0 neutral mark in June, according to the Judo Bank’s latest PMI report. 

Global 3D printing market reaches $3.7b in Q1 2023 with 10% sequential growth

Despite growing economic difficulties in the additive manufacturing (AM) global market, the first quarter of 2023 saw double-digit sequential growth to USD 3.7 billion (AUD 5.5 billion) compared to USD 3.4 billion (AUD 5 billion) during the same period of the prior quarter in, according to latest data from SmarTech Analysis. 

Rio Tinto expands US production with new copper supply investment

Rio Tinto is strengthening its position in the US copper supply chain by investing in its Kennecott mine near Salt Lake City, Utah, through funding worth $498 million intended for the development of an area known as the North Rim Skarn (NRS).

DroneShield completes drone system integration with Epirus’ C-UAS system

DroneShield has successfully integrated its multi-sensor DroneSentry system with Epirus’ Leonidas high-power microwave counter-electronics/counter-UAS effectors. 

EMVision bags $1.75m manufacturing grant payment

Brain imaging company EMVision Medical Devices Limited has received a cash progress payment of $1,750,000 under its Modern Manufacturing Initiative (MMI) grant award.
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Data-rich or data-poor: Where should manufacturers focus their AI efforts?

Over the past year, manufacturers worldwide have made significant strides in adopting artificial intelligence technologies, moving beyond the initial hype to tangible implementations that deliver real business value.