$100 million manufacturing boost for Geelong
A $100 million expansion of Carbon Revolution’s Waurn Ponds facility will create 500 new jobs and cement Victoria as a manufacturing powerhouse.
The project will almost triple Carbon Revolution’s existing workforce and increase production capacity from 10,000 to more than 150,000 wheels a year.
A new 7,000 square-metre facility will be built beside Carbon Revolutions’ manufacturing and research and development facility at Deakin University – part of the Geelong Future Economy Precinct.
Carbon Revolution manufactures one-piece carbon fibre wheels, which are lighter, reduce noise and vibration and improve acceleration compared to metal wheels.
The company is the first manufacturer in the world of a commercialised one-piece carbon fibre wheel and it’s new facility will allow it to scale up production to meet global demand – including to supply wheels for Ferrari.
Victoria’s manufacturing industry contributes $27.7 billion to the State’s economy, with over 13,000 businesses employing more than 280,000 people. It also exported $18.16 billion of manufactured goods in 2016-17.