Founder, SIMEC
Stories naming Sanjeev Gupta. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Zen Energy says its sale process is advancing with a preferred bidder amid reports naming Gunvor; the piece also recaps HDRE's stake purchase and Zen's financial losses.
South Australia has appointed Korda Mentha administrator over OneSteel Manufacturing, taking control of the Whyalla steelworks from GFG Alliance, while the state's promised hydrogen funding stays uncommitted and sale options are explored.
Weekly roundup: CEA Technologies lands a $272m radar contract, five startups receive federal grants, Victorian factory insolvencies climb, and GFG Alliance's Whyalla Steelworks hunts new financing.
Manufacturing news roundup: GreenHY2 and Atomo Diagnostics receive government grants, Seaport Therapeutics closes a US$225m Series B, Orthocell secures $17m, Genevo Marine opens a crowdfunding offer, and the ACCC clears Accolade's wine acquisition.
Canberra's first critical-industry grants send $135.8m to Bluescope for a Port Kembla furnace refit and $63.2m to Gupta's Liberty Steel for a low-carbon Whyalla furnace.
Roundup of Australian manufacturing news: Matrix Composites raises via convertible note, Cronos hits a sales milestone, Ellen Medical finalists, ASC digitises its supply chain, a hydrogen refueller opens, and Titomic signs a US reseller.
Briefs roundup: LBT Innovations raises extra shareholder funds, Simec de-merges from Zen Energy leaving Garnaut in control, CSIRO flags mission spending, and a Riverina freight hub advances.