Car accessory manufacturer Fitmycar has received a State Government of Victoria grant to improve its facilities, create five new jobs, and boost its exports by more than A$1 million.
The grant forms a part of the State Government of Victoria's Future Industries Manufacturing program, one of three industry programs under the Future Industries Fund to support high growth industries. Companies can apply for grants of up to A$500,000 under the Manufacturing Program to invest in new manufacturing technologies that increase productivity.
Victorian Minister for Industry and Employment Wade Noonan visited the Fitmycar factory to announce the A$42,000 grant for the manufacturer.
The grant will enable the purchase and installation of a computer numerically controlled (CNC) machine, shifting the company's manual manufacturing process into a highly automated workflow system.
The CNC machine will also boost the company's exports to the US, and grow and retrain its workforce.
Victoria's manufacturing sector encompasses a broad range of industries including automotive, advanced electronics and machinery, aerospace and aviation, defence, chemicals and plastics, pharmaceuticals, fabricated metals, textiles, clothing and footwear (TCF) and food processing.
For further information about the Manufacturing Program, visit the Business Victoria website.