CARBON Revolution will nearly double their capacity as they keep rolling into the world market, supported by a major grant from the federal government\u2019s Modern Manufacturing Initiative.<\/p>\n
The Waurn Ponds manufacturer will receive up to $12 million for their $33 million project to expand its advanced manufacturing of carbon fibre wheels to the global electric vehicle market.<\/p>\n
The funding will increase the company\u2019s capacity by around 94 per cent, equating to an additional 75,000 carbon-fibre wheels per annum and reduce unit costs by 60 per cent.<\/p>\n
The project will position Australia as a leader in the production and export of carbon fibre wheels for the auto sector.<\/p>\n
This will create significant benefits into the broader local carbon fibre sector, provide better commercialisation pathways for research at Deakin University – Carbon Revolution is located at the university\u2019s Waurn Ponds campus – and improve the cost effectiveness of production and improve the ability to secure global supply contracts for the growing EV market.<\/p>\n
Carbon Revolution industrialisation director Luke Preston said the grant would allow the company to advance its \u201cMega-line\u201d automated wheel manufacturing facility.<\/p>\n
\u201cWe\u2019ve started construction, but we\u2019re really going to grow that to increase our capacity here, to make a lot of wheels out of Geelong and use some of these advanced manufacturing techniques to do it really safely and really cost-effectively so we can be competing with global companies with the automation we put in, and grow smart jobs here.<\/p>\n
\u201cWe\u2019re growing from people who sand wheels to people who maintain and run robots, and we\u2019re really growing the skills in the area, so it\u2019s a big win.<\/p>\n
\u201cThis (funding) will allow us to get it all in before we get the orders from customers, so we can go out and pitch for more customers, so it\u2019s going to accelerate our growth.\u201d<\/p>\n
The grant to Carbon Revolution is part of a combined $94 million to 19 Victorian manufacturers from the Modern Manufacturing Initiative to grow businesses, create more jobs and compete internationally.<\/p>\n
Minister for Industry, Energy and Emissions Angus Taylor, Victorian Liberal Senator Sarah Henderson and Liberal candidate for Corangamite Stephanie Asher visited Carbon Revolution earlier this week.<\/p>\n
Mr Taylor said the funding was a testament to the strength of the manufacturing sector in Victoria<\/p>\n
\u201cVictoria has long been the centre of Australian manufacturing and remains a key source of revenue and jobs for the Victorian economy. Victorians have been strong and resilient in the face of a number of COVID-19 related lockdowns which posed real challenges to these manufacturers.<\/p>\n
\u201cThat\u2019s why we are backing our manufacturers to grow their business, create more jobs, more exports and more investment. The ability to make the things our country needs is a key part of the Morrison Government\u2019s plan for a stronger economy and a stronger future.\u201d<\/p>\n
Senator Henderson said Carbon Revolution\u2019s customers already included Ford and Ferrari, and the company was \u201ckeeping our region on the modern manufacturing map\u201d.<\/p>\n
\u201cAlready a global technology powerhouse and major local success story, this $12 million grant from the Morrison Government, will enable sustainable wheel supply to the global electric vehicle market, driving cleaner technology and creating 323 smart jobs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
CARBON Revolution will nearly double their capacity as they keep rolling into the world market, supported by a major grant from the federal government\u2019s Modern Manufacturing Initiative. The Waurn Ponds manufacturer will receive up to $12 million for their $33 million project to expand its advanced manufacturing of carbon fibre wheels to the global electric […]<\/p>\n