25 August 2016

$16.2 million for next generation manufacturing in Victoria

Australian Lamb (Colac) and SNF are amongst 22 manufacturers that will share in $31.6 million to boost their high value manufacturing capability as part of the Turnbull Government’s $90 million Next Generation Manufacturing Investment Programme.

The funding, offered under Round 2 of the programme, will help firms in Victoria and South Australian undertake capital projects that expand their production capacity and help them develop innovative processes.

Colac-based Australian Lamb (Colac) Pty Ltd will receive a $516,012 grant to introduce next generation robotics into its floor processing chain to automate operations. The firm will invest a further $1,477,556 in the project.

And Lara-based SNF (Australia) Pty Ltd will receive a $2,173,333 grant to establish a liquid acrylamide plant, enabling it to replace imports and enter new markets such as agricultural water run-off remediation. The firm will invest a further $9,217,867 in the project.

Minister for Industry, Innovation and Science Greg Hunt said the programme will leverage $104.5 million in complementary investment from the firms, giving the manufacturing sectors in Victoria and South Australia a $136 million injection.

“This programme will deliver strong economic benefits to both states and create over 500 jobs,” Minister Hunt said.

“Projects will boost advanced manufacturing capabilities across several important industry sectors, including pharmaceutical and medical devices, precision engineering and tooling, industrial textiles and engineered timber building products.”

Federal Member for Corangamite, Sarah Henderson MP, said the grants would support businesses to develop innovative new processes and cutting-edge systems and equipment.

“This is a great opportunity for Australian Lamb (Colac) and SNF to invest in their futures by boosting their advanced manufacturing capability, which in turn creates jobs,” Ms Henderson said.

Under this funding round, 13 Victorian firms will be offered total funding of $16.2 million, which is expected to leverage more than $78 million in investment. A further $15.4 million will be offered to nine South Australian firms for projects with a total investment of over $57 million.

The $90 million Next Generation Manufacturing Investment Programme is a key part of the Australian Government’s $155 million Growth Fund to assist employees, businesses and regions affected by the closure of Australia’s car manufacturing industry by 2017.

Round 1 of the programme invested $55.5 million in 26 firms in South Australia and Victoria for projects with a total investment of $146.8 million.

The full details of Round 2 recipients of the Next Generation Manufacturing Investment Programme are available at https://www.business.gov.au/nextgen-recipients.

25 August 2016