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EOS secures $28M contract to deliver Remote Weapon System spares to Southeast Asia

ASX-listed Electro Optic Systems has received a $28 million purchase order for R600 Remote Weapon System (RWS) unit spares from a Southeast Asian customer.

VEEM secures new Singapore shipbuilding client, to supply gyrostabilisers for vessels

Australian marine systems manufacturer VEEM Limited has executed an agreement with Singapore-based Strategic Marine for the latter to employ small and medium size VEEM gyrostabilisers exclusively on the vessels it builds. 

Openway Food launches $10m manufacturing facility in Melbourne

Australian food brand company Openway Food has launched its brand-new $10 million manufacturing facility in Melbourne, following a significant increase in the sales of its Mini Rice Cakes, part of its Table of Plenty product line.

Singaporean startup to establish new AI R&D Hub in Melbourne

Singaporean deep tech company Seventh Sense is establishing an artificial intelligence research and development hub in Melbourne, Minister for Trade and Investment Tim Pallas announced. 

Victoria eyes new trade partnerships with Southeast Asian nations

Victorian Minister for Trade and Investment Tim Pallas is visiting business leaders and investment experts in Vietnam, Indonesia, and Singapore this month to establish important ties with major trading partners. 
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Building resilience as manufacturing requirements become more complex

The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.