International News Briefs
Government backing to expand businesses
ELEVEN Victorian businesses will receive a total of $27.4 million to establish or expand their high value manufacturing operations under the Next Generation Manufacturing Investment Program. Complementary investment by each company will bring the total investment in high value manufacturing in Victoria under the program to $75 million Radial Timber Australia Pty Ltd received a grant of $1,500,000 to install a new state-of-the-art streamlined radial sawmill at its existing premises in Yarram, Victoria. The new mill will be more efficient in radially sawing more logs into high value products and capable of a significant increase in production.