NEW DYNAMISM
CARBON Revolution took a leap forward this year with the carbon fibre wheel maker listing on the ASX in December as it continues to ramp up production volumes while driving down costs.
It is extremely rare for a product with worldwide market potential to be designed from the ground up with an intention to be delivered using state-of-theart production techniques.
Unlike manufacturers who have transformed to modern automated manufacturing techniques, there have been no legacy items to deal with at Carbon Revolution.
It is leading the world with
ONE of only two remaining companies competing for a defence contract worth more than $10 billion, Hanwha Defence Australia announced this year that it wants to base its manufacturing operations in the Geelong region.
The South Korean company is putting up its AS21 Redback infantry fighting vehicle, unveiled in October, for the Phase 3 LAND 400 project which will acquire up to 450 tracked IFVs.
Hanwha is also looking at making self-propelled howitzers proposed for another defence program.
If successful in winning a its carbon fibre production techniques and it has protected its product architecture giving it a strong competitive position against future competitors.
The company has predicted that Carbon Revolution, if it continues to meet market demand, could triple its current Geelong workforce of more than 400 in the next five years.
“Carbon Revolution is a great exemplar of what can be achieved at the world-leading advanced fibre precinct at Deakin.
“The Advanced Fibre Cluster Geelong will drive this growth and work to achieve supercharged investment and job creation.” contract, Hanwha will create hundreds of jobs in the Geelong region.
“Hanwha has been attracted to Geelong by many factors and this serves to further underlines the positioning of Geelong as an attractive manufacturing centre.
“Hanwha is a major company in the world context and its entry into Geelong will open up huge opportunities for trade and investment.
“Major defence industry contracts are potentially the missing centrepiece of the Geelong economy; supply chain opportunities which are much sought after and very difficult to obtain.”