none

ADVANCED MANUFACTURING GROWTH FUND SUPPORTS 15 MORE PROJECTS

07-09-2018
by 
in 
Bickford’s will use its grant to help develop a liquid batching process

Fifteen companies from Victoria and South Australia have been named as recipients of almost $19 million worth of grants under the second and final phase of the government’s Advanced Manufacturing Growth Fund.

The $47.5 million fund was set up in the 2017-18 Budget as part of a $100 million package to support advanced manufacturing, and the grants have been targeted at those areas worst effected by the closure of the nations automotive assembly plants.

Recipients of the grants include BNNT Technology, which will receive a $1.4 million grant to help produce its boron nitride nanotubes on an industrial scale. So far the super fibres have only been produced in small laboratory-scale quantities.

In releasing the grants, Minister for Industry, Science and Technology Karen Andrews, said: “These grants will help companies transition from traditional, heavy processes to advanced manufacturing of higher value products, creating new opportunities and new jobs.”

She added that the grants were expected to result in an additional investment of $45 million from the successful businesses.

“These businesses show the potential of Australian manufacturing: our firms and our workers can make high-tech, high-value products that can compete in a global market,” said Minister Andrews.

“These grants are an example of business and government working together to ensure that our nation is at the cutting edge in the rapidly evolving manufacturing sector.”

Other successful applicants include South Australian X-ray equipment manufacturer Micro-X, Victorian power electronics manufacturer Coolon and iconic South Australian beverage manufacturer Bickford’s, which will use its grant to help develop a liquid batching process that will enable faster flows and greater volume flexibility in production.

 

 

Related news & editorials

  1. 03.09.2018
    03.09.2018
    by      In
    Australian manufacturing continued its inexorable march forward during August, with the Ai Group’s Australian PMI rising back into high growth territory at 56.7 – up from July’s 52.0, which had suggested that growth was slowing. The August figure marks the 23rd consecutive month of expansion.... Read More
  2. 01.08.2018
    01.08.2018
    by      In
    The sustained growth of Australian manufacturing industry slackened off in July with the Ai Group’s Australian PMI dropping to 52.0 – down from 57.4 9 in June and further down from its high point of 63.1 in March 2018.
    However, the sector continues to grow, albeit at a slower rate, and the July... Read More
  3. 11.07.2018
    11.07.2018
    by      In
    “The National Electricity Market is largely broken and needs to be reset,” said ACCC Chair Rod Sims in launching the final report of the Australian Competition & Consumer Commission’s Retail Electricity Pricing Inquiry.
    Sims went on to acknowledge that: “Previous approaches to policy,... Read More
  4. 05.07.2018
    05.07.2018
    by      In
    The Department of Industry, Innovation & Science has released the second in its series of three Industry Insights reports for 2018 - Globalising Australia. The report, which comes from the department’s Office of the Chief Economist, concludes that future growth opportunities will come from... Read More