$15m to drive innovation in the auto supply chain
20 Jan 2016
Media release
More than $15 million will be invested in 10 innovative Australian automotive component manufacturers to help them move into new industry sectors before local car manufacturing ceases in 2017.
Announcing a series of grants today during a visit to Multislide Industries in Adelaide, Minister for Industry, Innovation and Science Christopher Pyne said that $4,797,383 in Government support would generate a total of $15.1 million in investment, to help firms diversify into new markets.
Ten businesses will receive grants ranging from $101,691 to $1 million from round three of the Automotive Diversification Programme to complement contributions by each recipient.
Successful applicants and grant offers include:
- Multislide Industries Pty Ltd in Edwardstown, South Australia – $259,100 grant towards the introduction of advanced technical capabilities to enable the manufacture of high-end, custom made furniture.
- Orbital Australia Pty Ltd, in Balcatta, Western Australia – $101,691 grant towards developing a combination of thermal and vibration testing services for defence applications.
- Luna Nameplate Industries Pty Ltd, Bayswater North, Victoria – a $441,122 grant for the purchase of machinery to fulfil a new licence agreement to supply wholesalers in Asia, the U.S and Europe with a range of products.
Mr Pyne said this Automotive Diversification Programme funding was part of the Australian Government’s $155 million Growth Fund.
Including today’s announcement, the programme has supported 31 diversification projects and is expected to drive almost $50 million investment in Australian manufacturing.
“This investment enables our manufacturers to move to a new model that’s characterised by the kind of innovation and spirit the Government is fostering through its new National Innovation and Science Agenda,” Mr Pyne said.
“This is key to our commitment in ensuring a strong and sustainable high-value, globally-competitive, manufacturing industry in Australia.”
Matt Williams, Member for Hindmarsh, said that it was extremely important to South Australian workers and the economy that local manufacturers were given the financial support they needed to produce new products and move into new markets.
“The Government continues to support component makers like Multislide Industries in transitioning their businesses ensuring skills and jobs in Australian manufacturing are retained.”
A table of programme recipients is below.
More information: www.business.gov.au
|
Applicant Organisation |
Grant amount |
Total Investment |
Project Description |
|
Harrop Casting Technologies Pty Ltd (JV with Australloy Pty Ltd atf the Australloy Trading Trust) |
$516,970 |
$1,050,441 |
The project is to establish a full production facility to produce large copper heat exchanger castings of up to 4,000kgs |
|
ZF Lemforder Australia Pty Limited |
$603,500 |
$1,898,364 |
Production of a new, innovative pneumatically operated side-tipping option for large transportation machines in the mining, construction and agriculture industries |
|
Robert Bosch (Australia) Proprietary Limited |
$1,000,000 |
$6,209,000 |
Development and installation of a state-of-the-art high precision assembly line to produce High-Efficiency Diodes for export, new customers and new applications |
|
Maxiplas Injection Moulding Pty Ltd |
$1,000,000 |
$2,504,488 |
Commercialisation of a new range of nestable, stackable and folding transport solutions for the logistics market |
|
Multislide Industries Pty Ltd |
$259,100 |
$518,200 |
The project is to introduce advanced product forming capabilities enabling local designers to produce high-end furniture efficiently and at practical volumes |
|
Orbital Australia Pty Ltd |
$101,691 |
$203,382 |
The project brings in-house capability of combined thermal and vibration compliance testing for satisfying Highly Accelerated Life Test (HALT) and Highly Accelerated Stress Screen (HASS) as required to meet Orbital’s defence customer propulsion system needs |
|
Backwell I.X.L. Pty Ltd atf The Backwell Unit Trust |
$345,000 |
$706,500 |
Equipment to manufacture components for a new generation wide screen gas log heaters |
|
Quality Plastics & Tooling Pty Ltd |
$230,000 |
$460,000 |
Development and manufacture plastic food apparatus for single serve disposable food packets |
|
Luna Nameplate Industries Pty Limited |
$441,122 |
$882,244 |
Purchase of machinery to fulfil new licensed consumer product agreements to supply Asia, the U.S and Europe with a range of unique products. |
|
Premcar Pty Ltd |
$300,000 |
$620,000 |
Acquisition of a 5-axis milling machine to develop low cost tooling and parts. |
|
Totals |
$4,797,383 |
$15,052,619 |
|