federal government, companies invest $73.3 million in sa manufacturing industry, aims to create 430 jobs
The federal government has invested $73 in cooperation with 15 South Australian companies.
3 million of the state\'s manufacturing sector, with the goal of creating 430 jobs.
The government\'s share of the investment was $28.
8 million, this is part of a larger $60 million project shared with Victoria.
Federal Industry Minister Ian McFarlane said the cash would help companies that have developed \"advanced\" equipment that can be sold in the global supply chain.
\"They are companies that have developed new manufacturing processes that allow them to develop highly complex components or equipment that can be used in existing products, or to replace component products in existing products, he said.
\"It is so novel and complex that they not only get high prices for it, but in some cases there are actually no competitors, so they have a market advantage in the world.
\"15 local businesses will receive grants of $500,000 to $3 million.
Mexican Express Dudley Park food maker will receive $1.
6 million grant to expand production line.
Ian Young, general manager, said the money would be used to buy a new packaging machine, which would help businesses enter a new market.
\"It allows us to produce a variety of products without preservatives, like the tetra-
\"Pakistani milk, no preservatives, the same thing is only in one bag and it can make big pieces,\" he said . \".
\"No one else is doing it, so the exit is great and great for our company.
Minister of State for Manufacturing Kyam Maher said South Australia has made important preparations for the closure of the Holden Elizabeth plant, which will be closed on 2017.
\"This investment is an important measure in South Australia to stimulate economic activity, create jobs, improve business competition and sustainability,\" said Mr Maher . \".
\"The project that 15 successful applicants will undertake is a good example of new manufacturing opportunities in South Australia, as we are no longer engaged in automotive manufacturing and other traditional forms of manufacturing.
\"Our manufacturing industry must innovate, seek new opportunities and markets, and lay the foundation for a strong state-owned economy in the future.
Theme: manufacturing, industry, government-and-
Federal politics
State governmentand-
Adelaide area