Close×

Profile Solutions, a manufacturer of leak detectors and automation equipment, is on track to manufacture a record number of leak testers, despite the difficulties of working during the Covid-19 pandemic.

A statement from the company said as of mid-July, it had made more than half the number of leak testers as last year.

“Covid has been a trying time, with air freight cost and availability affecting inward and outbound costs and an area government has been very slow to try and fix,” the statement said.

“We also will have some new models in testing machines this year that will be finished in the next few weeks that will open up new markets for us.

“We have seen a very significant increase in the order of our multi-head machines that fill a sweet spot which compared to our competition in the US and EU are half the cost or less of leading suppliers from those countries.”

Profile Solutions manufactures and sells high-speed leak testers, which are exported to more than 35 countries. While based in Australia, the company has offices in Singapore and the US.

Profile solutions is a member of the Australian Packaging and Processing Machinery Association (APPMA).

Food & Drink Business

Advanced biomanufacturer, Cauldron Ferm, has raised $13.25 million in a Series A2 priced round led by Main Sequence Ventures, with participation from Horizons Ventures, SOSV, and NGS Super.

Global consumer goods business, Unilever, has confirmed it is in discussions with McCormick & Co on the sale of its Food business. Both companies have released statements saying while negotiations are ongoing there is no certainty of a deal.

Australian organisations could gain access to the world’s largest pooled research fund by early 2027, as the federal government begins treaty negotiations on association to Horizon Europe, the European Union’s $155 billion flagship research and innovation funding program.