An Irish insulation manufacturer has officially opened its new facility in Somerton, creating 50 new jobs and setting new standards in energy efficiency.
Minister for Industry and Employment Wade Noonan congratulated Kingspan at a special ribbon-cutting ceremony today.
The Andrews Labor Government has worked with Kingspan to develop the Oherns Road factory – worth about $40 million – by providing funding support and assisting with planning and approval.
The company’s new Somerton base has become Australia’s first ever Green Star-rated manufacturing facility.
It includes a 750 kW solar system built into the roof design, and innovative features such as industrial low energy lighting and heating systems. It’s at least 10 per cent more energy efficient than Kingspan’s other manufacturing facilities.
Kingspan will supply its insulation products to the Australia, New Zealand, Asia and Oceania markets, with 35 per cent of output expected to be exported by 2020.
The Victorian Government supported Kingspan’s investment in partnership with the Commonwealth Government through the Melbourne’s North Innovation and Investment Fund (MNIIF).
MNIIF has since been replaced by the $33 million Local Industry Fund for Transition (LIFT), supporting new investment and creating jobs for retrenched automotive workers.
These grants have already created an additional 122 jobs from six projects in Melbourne’s north – as the Government works to build a strong, innovative and sustainable manufacturing sector.
Quotes attributable to Minister for Industry and Employment Wade Noonan
“This is another great win for local manufacturing, and another global company choosing Melbourne to establish new operations.”
“Victoria is well and truly the place to do business. Kingspan’s new facility creates 50 jobs while setting a new benchmark for energy efficiency.”
Quote attributable to Member for Yuroke Ros Spence
“It’s great to have a world-class manufacturer like Kingspan establishing a new base in Somerton – meaning more local jobs, and opportunities for ex-automotive workers.”
Quote attributable to Member for Broadmeadows Frank McGuire
“Kingspan’s new Somerton facility is a shot in the arm for local manufacturing. It will also provide reskilling opportunities for workers affected by the end of local car manufacturing in Melbourne north.”
Reviewed 19 August 2020