AMGC invests $500,000 into Geelong manufacturing

Feb 21, 2017

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AMGC invests $500,000 into Geelong manufacturing

The Advanced Manufacturing Growth Centre Ltd. (AMGC) has invested $500,000 into Geelong to advance Australia’s manufacturing industry.

The AMGC announced on Monday project funding for Quickstep Holdings (ASX:QHL), a manufacturer of advanced carbon fibre composites. This investment will aid in the development of a competitive carbon composite fender for the European automotive market. The project has the potential to generate export revenue in excess of $25 million and see the increase in demand for more high-value jobs in the Geelong area.

Previously, the AMGC announced $250,000 in project funds for the Advanced Fibre Cluster Geelong. The funding will directly support the Geelong Manufacturing Council working in collaboration with Carbon Nexus, a research facility located at Deakin University’s Waurn Ponds Campus.

Media Release