Tingalpa manufacturing company Crystalaid has received a $100,000 Morrison Government grant through the Manufacturing Modernisation Fund (MMF) to help them adopt new technology to make their processes more efficient.
The MMF grant will be used to purchase an automated Printed Circuit Board Cleaner as well as some minor building extensions to house the new technology.
Federal Member for Bonner Ross Vasta MP said the Morrison Government’s MMF grants came at an important time for the local manufacturing sector.
“The Morrison Government is committed to Australian manufacturing and supporting small businesses like Crystalaid in my electorate of Bonner,” Mr Vasta said.
“This investment will not only strengthen this business and create jobs, it will provide a much needed confidence boost as we face this unprecedented pandemic.”
Minister for Industry, Science and Technology Karen Andrews said 200 projects were supported through the MMF program and were expected to create around 2,600 Australian jobs.
“We established the MMF before the coronavirus pandemic to help small and medium sized manufacturers invest in capital equipment and new technologies to transform and upgrade their manufacturing operations,” Minister Andrews said.
“Now as we face the coronavirus pandemic and look to come out the other side stronger, this investment will be more critical than ever as we prepare Australian manufacturing beyond COVID-19 and the challenges of today.”
For more information on the Manufacturing Modernisation Fund visit www.business.gov.au/MMF