Technofast, honoured in Australia’s Top 50 Most Innovative Manufacturers awards
The Technofast team, left, outside their Australian manufacturing facility in Queensland. The company’s problem-solving mindset and innovative hydraulic tensioning technologies have seen them grow to be a valued supplier of safety-enhancing and downtime-saving solutions for the mining, power generation, sugar, oil and gas, and other critical industries A company dedicated to enhancing safety and reducing downtime through hydraulic fastening technologies for the mining, power generation, sugar, oil and gas, and other critical industries, Technofast, has been selected as one of Australia’s Top 50 Most Innovative Manufacturers for 2023. The awards were run by AuManufacturing, and judged by an independent panel with professional manufacturing industry experience, including industrial software and automation, human-centred design, policy, communication, and more. Manufacturing is a major contributor to Australia’s economy, and encompasses more than 100,000 companies and 900,000 employees. The industry experienced a $7.6b growth in earnings (17.8%) in 2021-22, according to the latest figures from the Australian Bureau of Statistics. Technofast’s core range of Australian-manufactured products – hydraulic nuts and hydraulic bolts – are used to provide precise tensioning on crushers, turbines, steel slitters, and a wide range of industrial applications. Technofast tensioners can often turn a job taking days into one that takes just hours, and with less personnel required. This huge saving in downtime and lost production can often more than pay for the investment in the first use, and continue to provide ongoing savings and benefits. And, importantly, safety is enhanced, because there is no longer the risk of hand or wrist injuries from using flogging spanners or torque wrenches in confined spaces. “To us, innovation means problem-solving,” says Technofast Founder and CEO, John Bucknell. “It means looking at a problem that a customer or company is having and finding a new solution to do that particular task better, faster, […]