The Australian Government is backing an innovative business in Dobell to help secure our supply chain resilience in times of a crisis and encouraging others to apply for funding.
FMC Australasia Pty Ltd is one of 27 projects to share in more than $33 million under Round one of the Supply Chain Resilience Initiative, a key part of the Government’s $1.5 billion Modern Manufacturing Strategy.
FMC Australasia Pty Ltd will use its $2,000,000 in funding to expand its Wyong Manufacturing Facility’s intake, storage, dispatch and logistics infrastructure, as well as an automation and digitisation technology.
Minister for Industry, Energy and Emissions Reduction Angus Taylor said these grants will back innovative companies who will improve Australia’s access to critical products – medicines and agricultural production chemicals – including in times of crisis.
“The COVID-19 pandemic has showed us the importance of resilient supply chains, and manufacturing capability, within Australia – especially for critical products,” Minister Taylor said.
“Whether it be to ensure we have life-saving medicines, or that our farmers have the agricultural production chemicals they need to keep producing food for Australians – we want to secure our capabilities to make what we need.
“That is why the Government is investing in projects to support manufacturing of these critical products – as well as in the areas of semi-conductors and water treatment chemicals under Round two.
“These projects, with the Government’s support, will grow Australian manufacturing, build capability and support and create crucial jobs in Australia.”
Senator for New South Wales Jim Molan welcomed the matched funding for FMC Australasia Pty Ltd and congratulated them on their exciting project.
“This project is incredibly important in our mission to secure Australia’s supply chain resilience and I’m proud FMC Australasia Pty Ltd is doing this work in our community,” Senator Molan said.
“Not only will this project help the whole country in times of a crisis – it also shows manufacturing is alive and well in Dobell.”
Successful companies under Round one will receive matched grants of between $50,000 and $2 million across medicines and agricultural production chemicals – which were identified as sectors of focus in the Sovereign Manufacturing Capability Plan.
Round two grants will cover eligible projects in the areas of semi-conductors and water treatment chemicals, identified during a second tranche of analysis. This support builds on existing strong collaboration with the telecommunications sector to ensure resilience to sustain critical operations in that area.
For more details and information on the successful projects Round one projects visit https://business.gov.au/grants-and-programs/supply-chain-resilience-initiative/grant-recipients.
For guidelines and to apply for Round two visit https://business.gov.au/grants-and-programs/supply-chain-resilience-initiative-round-2.