none
none

Boost for Tasmanian manufacturing

14-06-2011
by 
in 

A Tasmanian company is improving its facilities and increasing its workforce thanks to government grants totaling $1.2 million.

Penguin Composites received the grant through the $17 million North West and Northern Tasmania Innovation and Investment Fund, jointly established by the Federal and Tasmanian governments in 2009 in response to factory closures in the region.


Launching new building works at Penguin Composites on behalf of Federal Innovation Minister Senator Kim Carr, Federal Member for Braddon Sid Sidebottom said the project to expand the company’s production complex has generated 17 new jobs. 



“I am pleased to say a further 29 positions are expected to be created in the next 18 months when the facility is in production mode,” Mr Sidebottom said.



Senator Carr said the funding was helping the company build a new workshop for fibreglass gel-coating operations, a new marine applications workshop and a power pole winding facility workshop.



“This is a significant boost for the company as it will be able to take on new and additional manufacturing work,” Senator Carr said.



The Federal Government expects over 400 much-needed jobs will be created over the life of the Fund. 

“Equally as important, the Fund has resulted in a total of $36 million of investment in the region,” Mr Sidebottom said. 



Tasmania’s Minister for Economic Development David O’Byrne said the north-west coast had suffered a number of job losses during the global financial downturn but it was pleasing to see new manufacturing jobs emerging in their place.



For more information visit: www.ausindustry.gov.au.

Related news & editorials

  1. Martin Chappell
    03.11.2017
    03.11.2017
    by      In
    With Australia’s manufacturing industry strengthening, leaders and heads of IT are weighing up which new technologies they should implement to gain a competitive edge. Martin Chappell from Motorola Solutions explains how a simpler and more focused use of data can be the best approach.
    Australia’s... Read More
  2. Sahara Force India F1
    29.08.2017
    29.08.2017
    by      In
    The pace of Formula One (F1) development is rivalled only by the speeds achieved on the racetrack. Each time the Sahara Force India F1 Team brings its car to a circuit, it represents the team’s top engineering; every time the team leaves, the car is just a baseline. Between races it must be... Read More
  3. capacitor reforming
    12.07.2017
    12.07.2017
    by      In
    The latest productivity enhancing service from Konecranes addresses the problem of keeping spare motor drives in shape so they can be relied on to enter service if required. The company’s new variable frequency drive capacitor reforming service uses a proprietary DC power source to reform stored... Read More
  4. 27.06.2017
    27.06.2017
    by      In
    The most heralded benefit of the fourth industrial revolution (or Industry 4.0) is the availability of increasing volumes of data concerning the performance of manufacturing operations (so-called “big data”). These data range from the enterprise level, to the plant level, and down to the individual... Read More