Business
Wheel maker Carbon Revolution takes to the ocean waves – The Australian Financial Review
The hi-tech lightweight wheel maker says most customers are back in production now after serious COVID-19 disruptions.
Lightweight wheel maker Carbon Revolution is using more sea freight to transport wheels to overseas carmakers in a push to cut costs and deliver more reliability of deliveries during the COVID-19 pandemic.
The company, which listed on the ASX in November 2019, said net loss after tax for 2019-20 worsened to $114 million because of the costs of its initial public offering. This compared with a loss of $27.3 million.
No final dividend will be paid.
Carbon Revolution is using sea freight more du…
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