Minister for Manufacturing, Exports and Trade Richard Dalla-Riva visited Relay Monitoring Systems in Mulgrave today to announce that 19 local manufacturers would share in $3.4 million to invest in new technology and equipment designed to boost productivity and global competitiveness.
“The projects supported under the first round of the Investing in Manufacturing Technology (IMT) program represent almost $14 million worth of investment in new technology, processes and equipment. The projects are also expected to create at least 82 new jobs and transition 164 employees to higher value roles,” Mr Dalla-Riva said.
“IMT is a key initiative of the Victorian Coalition Government’s $58 million Manufacturing Strategy announced in the 2012-13 State Budget.
“These grants are an excellent example of how our strategy is helping local manufacturers to improve production processes, develop new skills and diversify their production to assist them in expanding into new export markets,” Mr Dalla-Riva said.
“Relay Monitoring Systems, which designs and manufactures high standard electrical protection equipment for power utilities has been awarded an IMT grant of $250,000 to purchase automated test and measurement equipment to expand its in-house testing capability. This will increase production capacity, shorten lead times and improve quality and performance, which will enhance the company’s export competitiveness.
“Victoria is the hub of Australia’s manufacturing industry but to meet the challenge of the high Australian dollar and competitive international markets, manufacturers must look to increase investment in new technology to remain competitive,” Mr Dalla-Riva said.
For a full list of the successful IMT Round 1 recipients see attached.