Massive Boost For Manufacturing In Geelong


The Andrews Labor Government is backing a massive expansion of a world-leading Geelong manufacturer that will create hundreds of jobs and cement Victoria as a manufacturing powerhouse.

Premier Daniel Andrews joined Minister for Industry and Employment Ben Carroll, Member for Bellarine Lisa Neville, Member for Geelong Christine Couzens and Member for Lara John Eren at Carbon Revolution in Waurn Ponds to announce the company’s $100 million expansion, which will create 500 new jobs.

The project will almost triple Carbon Revolution’s existing workforce and increase production capacity from 10,000 to more than 150,000 wheels a year.

A new 7,000 square-metre facility will be built beside Carbon Revolutions’ manufacturing and research and development facility at Deakin University – part of the Geelong Future Economy Precinct.

Carbon Revolution manufactures one-piece carbon fibre wheels, which are lighter, reduce noise and vibration and improve acceleration compared to metal wheels.

 

Read the full release at https://www.premier.vic.gov.au/massive-boost-for-manufacturing-in-geelong/

 

Image from Travel Victoria

 

Sharon Taylor
Senior Research Analyst - Performance Property Advisory

Sharon heads up the research division at Performance Property Advisory. As part of our ongoing service to clients, Sharon provides contemporary advice in a range of areas, including growth suburbs and regions, demographics and employment rates, proposed infrastructure developments and other aspects that will contribute to a positive return on their investment.