$7.5m investment boost for Victorian manufacturing
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12 December 2007
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Huyck Australia have announced they will proceed with stage one of a planned expansion to its paper machine clothing manufacturing plant in Geelong, Victoria, that will deliver 30 new full-time jobs. The company will invest $7.5 million in the first stage of the expansion to increase their plant’s capacity and capability to supply press felts to the world market.
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“With assistance from Regional Development Victoria (RDV), this new investment will transform Huyck Australia’s Geelong facility into an integral part of its regional and global operation with a strong focus on Asia,” Victorian Minister for Regional and Rural Development, Jacinta Allan commented today.
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The Huyck Australia project is the third project of its kind to receive assistance under a new $10 million Victorian Government program to attract new industry and help existing industry expand in regional Victoria.
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“The new Regional Industry Investment Program aims to secure, strengthen and diversify the regional industry base,” Ms Allan said.
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“The program enables industries and businesses in EC-declared areas to improve their competitive capacity through investment directed at broadening business opportunities, upgrading skills and/or investment in technology to modernise processes.”
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