New jobs for Geelong in leading edge carbon manufacture
Twenty new full-time jobs will be created in Geelong with advanced manufacturing firm Carbon Revolution partnering with the Victorian Government to deliver an $883,000 expansion.
Premier and Minister for Regional Cities Denis Napthine was joined by Minister for Manufacturing David Hodgett in Geelong today (28 June 2013) to announce that the Coalition Government would contribute $250,000 toward the project from the Greater Geelong Industry Fund (GGIF).
"Carbon Revolution is an innovative company that has a bright future in Geelong,” Dr Napthine said.
“It is the only company anywhere in the world which has been able to successfully commercialise a single-piece wheel.
“Utilising cutting edge technology and design, these strong but lightweight carbon fibre composite wheels are used in the automotive, aerospace and commercial industries.
“The Coalition Government is pleased to support this expansion project which will see the workforce at Carbon Revolution increase from about 25 to 45 staff while production will ramp up from approximately 1400 wheels per year to almost 4000 per year,” Dr Napthine said.
Mr Hodgett said around 70 per cent of the expansion project’s budget would be spent with suppliers and contractors from the Geelong region.
“This project is an example of the enormous potential of Geelong’s advanced manufacturing industries,” Mr Hodgett said.
“To have the world’s only supplier of single-piece carbon fibre composite wheels located right here in Geelong is a positive reflection of the region’s highly skilled workforce and manufacturing capability.”
The company will work with the new Coalition Government-supported carbon fibre manufacturing facility, Australian Future Fibres Research and Innovation Centre, which is currently being built in Waurn Ponds.
The Coalition Government is contributing $10 million to the Australian Future Fibres Research and Innovation Centre through the Science Agenda Strategic Project Fund.
With a number of funding allocations still yet to be made as part of round one of the Greater Geelong Industry Fund, the Coalition Government has already created more than 70 manufacturing jobs in the Geelong region.