Australian battery company Redflow Limited has today announced it has established a company in Thailand to manage production of its zinc-bromine flow batteries in South East Asia.
In May, the ASX-listed company (ASX:RFX) announced its decision to move its battery manufacturing from North America to South East Asia, to be closer to its most lucrative markets, in Australia, Oceania and southern Africa, and to reduce production costs.
In a statement to the ASX this morning, Redflow reported that it has established Redflow (Thailand) Limited, which is negotiating a lease on premises in a Thai free trade zone. It is also seeking Thai licensing and regulatory approvals.
As well as its location, close to Redflow’s supply chain and marketplaces, Thailand offers good manufacturing expertise, competitive logistics, an attractive labour cost and effective tax treatment for international manufacturers within its free trade zone structure.
Redflow CEO Simon Hackett said the final North American production batch of ZBM2 batteries was now in transit to Australia. “I’m pleased to report that our stack manufacturing equipment from North America has arrived in Thailand ahead of schedule,” he said.
Melbourne-based air conditioning company Vic Air Supplies has migrated its business systems to the cloud after replacing its old accounting system with Microsoft Dynamics NAV.
Vic Air Supplies http://vicair.com.au/ is an Australian owned, family-run business which was established by Peter and Caroline Wood in 1994. During the past two decades, Vic Air Supplies has grown to employ more than 30 people at three branches in Victoria. The company manufactures flexible ducting and sheet metal and operates a wholesale division with more than 4000 products.
Since deploying Microsoft Dynamics NAV, the heating, ventilation and air conditioning specialist has delivered better planning, more accurate reporting, strengthened stock management and more responsive customer service.
Vic Air Supplies chose Melbourne-based enterprise software specialist Evolution Business Systems (EBS), the company’s IT partner of 15 years, to deploy Microsoft Dynamics NAV in early 2016.
Vic Air Supplies Financial Accountant Shelley Hughes said they had outgrown their old system. "EBS’s skill and experience with NAV made it easy to do the design phase," she said.
Centrify, the leader in securing hybrid enterprises through the power of identity services, has overnight revealed it hit a major milestone with more than US$100M in global sales during its 2016-17 financial year.
Centrify generated positive cash flow from operations during the financial year while achieving a customer retention rate of more than 95 per cent. Highlighting strong sales in Australia and New Zealand during the year, Centrify will have a prominent presence at the Gartner Security & Risk Management Summit in Sydney on August 21-22.
Centrify CEO Tom Kemp said the company had prioritised a customer-funded approach to the business during 2016-17. “This has allowed us to focus on long-term growth and customer needs,” he said.