$3 million MMI grant to boost precision manufacturing capability

Australian advanced manufacturer ANCA has received the first round of funding under the Modern Manufacturing Initiative (MMI) grant from the Federal Government.

ANCA was the successful recipient last year of a $3 million grant under the MMI, which forms part of the Australian Government’s wider $2.5 billion Modern Manufacturing Strategy.

The funds will be invested in boosting Australia’s sovereign capability with the installation of a “mother machine” at ANCA’s Bayswater manufacturing facility in Victoria, Australia.

The mother machine will enable ANCA to produce a large number of precision parts and tooling with very high accuracy and consistency for the aerospace, automotive, medical device and electronics industries, among others.

The company supplies advanced tool-making machines and technology to aerospace, medical, automotive and electronic industries, exporting to more than 45 countries.

Assistant minister for manufacturing Tim Ayres said he was pleased to announce the grant, delivering this advanced manufacturing capability at a time when building sovereign capability has never been more important.

“Over the last decade, Australian exports have slipped down the global value chain as our exports have become less complex,” Ayres said.

“This grant will enable ANCA to build a new designated precision manufacturing cell and continue enhancing Australia’s sovereign manufacturing capabilities. It will also create an estimated 157 highly skilled jobs during the project and about 330 jobs after five years.”

ANCA CEO  Martin Ripple said the MMI recognises the importance of a healthy manufacturing industry to Australia’s sovereign capability and funds delivered under the scheme will help establish our unique end‐to‐end sovereign industrial capability.

“It will not only position ANCA as one of Australia’s most comprehensive providers of end‐to‐end manufacturing solutions, but also help increase our overall global competitiveness, create additional export opportunities and enable further integration of Australian made products into global supply chains,” Ripple said.

The Federal Government recently committed $15 billion to establish the National Reconstruction Fund, which will support, diversify and transform Australia’s industry and economy. The Government is targeting $1 billion of the National Reconstruction Fund for investments in advanced manufacturing.

“The National Reconstruction Fund is one of the biggest investments in Australian manufacturing capability in living memory,” Ayres said. “The Fund will help secure our long-term capability and drive sustainable economic growth by leveraging Australia’s competitive strengths.”


SOURCE: https://www.manmonthly.com.au/news/3-million-grant-delivers-precision-manufacturing-capability/

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