In­ter­na­tional News Briefs

Australasian Timber - - NEWS -

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.

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