The Victorian Coalition Government has awarded Dandenong-based manufacturer Polyem Pty Ltd a $250,000 technology grant to purchase and install new hi-tech machinery that will allow the company to grow its business and create new jobs.
Minister for Manufacturing David Hodgett joined Member for South East Metropolitan Region Inga Peulich and Liberal Candidate for Dandenong Joanna Pallatsides in congratulating the company on its far-sighted decision to invest $1.2 million in a new state-of-the-art, multi-layer blown film technology from Germany.
“It is very encouraging to see companies such as Polyem taking a proactive approach to growing their business by seeking to invest in the future,” Mr Hodgett said in a media release.
Ms Peulich said that this was another example of the Napthine Government supporting a local manufacturer in Dandenong.
“This investment will allow Polyem to provide anti-rust films for the automotive industry, high impact films for the poultry industry, high clarity film for the mailing industry and perfect profile films for the lamination industry. Importantly, this significant upgrade will enable the company to create up to three new jobs and will enable many of its client companies to open up new export markets,” Ms Peulich said.
Mr Hodgett said the Victorian Coalition Government has approved grants totalling $14.3 million to 82 businesses under its Investing in Manufacturing Technology (IMT) program.
“These grants are supporting investment of more than $68.4 million, creating 463 new jobs and will result in the transition of over 600 jobs to higher value roles. It is expected that the investment in IMT will increase exports by $50 million, which is a strong focus of the Napthine Government. The Victorian Coalition Government is also actively supporting strong and competitive manufacturing businesses by facilitating trade links with key export markets in the Middle East and Asia,” Mr Hodgett said.
“Despite setbacks in the automotive industry, manufacturing is still one of Victoria’s most important industries — contributing $27 billion to our economy last financial year and employing nearly 300,000 people — 10% of our overall workforce.”