Four South Australian manufacturers have received State Government funding through the $4.5 million Business Transformation Voucher Program designed to enhance local manufacturers’ profitability through diversification and innovation.
Manufacturing and Innovation Minister Kyam Maher said South Australia-based Kennewell CNC Machining, Krix Loudspeakers, KJM Contractors and Skara Smallgoods will share $155,000 to grow and diversify their businesses.
“Transforming our economy will rely on the ability of local manufacturers to adopt new ways of doing things and develop high-value products and services using advanced technologies,” he said in a media statement.
“The vouchers can be used to engage independent experts to help identify improvements in manufacturing processes, marketing and brand strategy, business models, management, training, mentoring, and export capability.”
Minister Maher said the State Government was fully committed to supporting the growth and development of new and existing businesses, particularly small and medium enterprises.
“We want to create a business environment that encourages and supports entrepreneurship and enterprise creation, gives start-ups the scope to expand rapidly, and gives established businesses the opportunity to grow,” he says.
Kennewell CNC Machining received $5,000 for a project with Kingsgrove Consulting that involves a strategic review of the company’s business operations. The company provides precision parts and machining services to the manufacturing, agribusiness, resources, and after-market 4WD motor vehicle industries.
Krix Loudspeakers, the designer, manufacturer and distributor of loudspeakers, will spend $50,000 for a project with Advanced Focus that involves reviewing the company’s current manufacturing and packaging processes and identifying opportunities for greater efficiency and capacity.
KJM Contractors, the provider of a total logistic support service for various industries at remote locations, will use the $50,000 in funding for a project with SAGE Automation, which also involves developing and implementing new innovative manufacturing processes to increase productivity and reduce costs.
Skara Smallgoods, which produces free range certified artisan smallgoods in the Adelaide Hills, has received the remaining $50,000 for a project with Advanced Focus that involves reviewing the company’s current manufacturing and packaging processes and identifying opportunities for operational improvement and necessary capital investment to increase efficiency.
For more information on the Business Transformation Vouchers Program, visit: www.statedevelopment.sa.gov.au/btvp