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Manufacturing Modernisation Grants Awarded to Businesses in COOK

The Government is backing three local manufacturers to modernise how they do business, as they grapple with the impact of the coronavirus.

 

Modular Innovations in Kurnell will receive an $87,000 grant to scale-up the manufacture of their noise-absorbing wall panels. The project will automate the manufacturing line and incorporate Industry 4.0 technologies. The grant will support Modular Innovations to employ an additional 25 to 30 employees.

 

Australian Custom Pharmaceuticals in Caringbah will receive a $100,000 grant to update their facilities and equipment to more efficiently manufacture high-quality medicines and treatments. This funding will facilitate entry into new export markets, and will require a 47% increase in qualified personnel.

 

Also in Caringbah, Trimec Industries will receive $99,000 to develop a new automated testing and assurance facility that will further improve the quality of their flowmeter products. The project will help the business keep up with sales demand and provide new job opportunities.

 

With these businesses more than matching the value of the grants, these local projects will provide a welcome boost for the Cook region.

 

The Federal Government is committed to Australian manufacturing and supporting small and medium sized businesses like these all around the country.

 

200 projects worth more than $215 million dollars are being supported through the Manufacturing Modernisation Fund and are expected to create 2,600 Australian jobs.

 

Established before the coronavirus pandemic, the Fund is designed to help small and medium sized manufacturers invest in capital equipment and new technologies to transform and upgrade their manufacturing operations.

 

We are determined to further strengthen Australian manufacturing and the current pandemic gives us the opportunity as a nation to reassess and commit to the values of Australian-made goods.

 

The Fund builds on other Federal Government investments in manufacturing growth and competitiveness, including the $100 million Advanced Manufacturing Fund, the Advanced Manufacturing Growth Centre, the Entrepreneurs’ Programme, and the $40 million Innovative Manufacturing Cooperative Research Centre.

 

For more information on the Manufacturing Modernisation Fund visit www.business.gov.au/MMF