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Auto suppliers share $4.3 million to help enter new markets
SEVEN Australian automotive supply chain firms will receive a total of $4.3 million to diversify their products and customer bases through the Automotive New Markets Program’s (ANMP) third round of funding.
They have nominated to use the funding to develop new markets in the cycling, aerospace, defence, packaging and petrochemical industries.
The $42 million ANMP is a joint initiative of the Federal, Victorian and South Australian Governments to help automotive component producers win work in non-automotive markets domestically and internationally.
“These ANMP funded projects display the leading edge manufacturing capabilities of our local automotive supply chain firms,” Federal Minister for Industry, Ian Macfarlane, said.
“These grants will help automotive firms remain viable by diversifying into non-automotive markets and ensure that vital manufacturing capabilities remain in Australia.”
Mr Macfarlane said projects to be funded included manufacturing cycling training simulators; casting metal components for the aerospace and defence industries; transforming production lines to producing new packaging products for the food and medical/pharmaceutical industries; and producing emergency pipe repair clamps for the oil and gas industries.
Victorian Minister for Manufacturing David Hodgett said local automotive companies have valuable skills which have been developed over many years, and these capabilities can be adapted to a wide range of industries. 
“The ANMP provides the much needed support for companies to innovate and diversify their products away from the automotive industry and into new sectors,” Mr Hodgett said.
South Australian Minister for Automotive Transformation Tom Koutsantonis said, “These ANMP projects show that South Australian automotive firms are determined to adapt in changing times to ensure that SA continues to have an advanced manufacturing industry.
“Our recipients are committed to maintaining their manufacturing capabilities and the ANMP provides crucial support to allow them to diversify and develop new products for new customers.”
Automotive New Markets Program Round 3 Successful Applicants:
|
Grant recipient |
Project title/description |
Grant amount (ex GST) |
|
Australian Precision Technologies Pty Ltd |
Project Matchrider: Global manufacturing and assembly line for “Matchrider” Pro Cyclist training simulator. |
$1,000,000 |
|
L&L Products Australia Pty |
Development and manufacture of nonwoven textiles for engine compartment insulations and heating ventilation and air conditioning insulations. |
$616,500 |
|
AW Bell Pty Ltd |
Sales of defence and aerospace grade investment cast components. |
$225,000 |
|
Blown Plastics Pty Ltd |
Local packaging hub for Fast Moving Consumer Goods (FMCG), e.g. soft drinks and toiletries. |
$634,597 |
|
Sneddon & Kingston Plastics |
Transformation of automotive production lines to plastic food container production lines.
|
$893,900 |
|
Precise Global |
Development and manufacture of hot stamp dies for the automotive industry and emergency pipe repair clamps for the oil and gas industries. |
$600,000 |
|
Adelaide Tooling Pty Ltd |
Design and validation of a range of electrical enclosures for the oil and gas industries. |
$350,000 |
|
Total |
$4,319,997 |
|
ends
POSTED MAY 25, 2014.
