11 Victorian supply chain companies will share $243,000 in funding under the Automotive Supply Chain Transition Program (ASCTP).
The ASCTP, which is part of the Labor Government’s $46.5 million Automotive Transition Plan, was established to assist supply chain company diversify their businesses and identify new market opportunities following the impending closure of Ford, Holden and Toyota’s car manufacturing in Victoria.
Minster for Industry and Employment, Wade Noonan said this round of ASCTP funding builds on the $222,000 already provided to nine automotive supply chain companies.
“The Andrews Labor Government is targeting our assistance towards the many businesses in the auto supply chain who will be impacted by the closure of Ford, Holden and Toyota’s car manufacturing in Victoria,” the Minister said during his visit to auto supply business Belmatic Industries in Heidelberg West.
“Funding is provided to support businesses to develop a transition plan and discover new opportunities to diversify and grow. Unlike the Liberals who abandoned the auto industry, Labor is working hard to minimise the impact on businesses, workers and their families.”
Companies that will receive assistance under the ASCTP include:
- Precision Plating, Burwood
- ACE Wire Works, Hallam
- Premcar, Campbellfield
- Guhring, Oakleigh South
- Aunde Australia, Stawell
- Palm Products, Moorabbin
- GTS Industries, Dandenong
- Ceramet, Delacombe
- Perroplas Australia, Braeside
- Belmatic Industries, Heidelberg West
- OzPress, Wendouree
Companies wishing to apply for ASTCP assistance, or specialist companies seeking to deliver transition projects for the program, can do so at: www.business.vic.gov.au/asctp.
