Cash accelerates manufacturing change

Businesses in Dandenong South and Hallam will receive cash to deal with the auto industry exit.
The State Government announced on Tuesday 30 May that 12 businesses would share $504,000 in Automotive Supply Chain Transition Program (ASCTP).
Among them were A Bending Company and TI Automotive Australia in Dandenong South and Hallam’s ABC Specialty Metals.
The ASCTP helps auto businesses to plan for the future, identify new markets and create a transition plan.
Supply chain companies can apply for up to $16,000 to develop a transition plan and further funding of up to $55,000 to implement changes.
ASCTP has so far provided $1.5 million in assistance to 40 companies and 56 projects.
Industry and Employment Minister Wade Noonan said that as automotive manufacturing wound down, supply chain businesses needed to plan for change.
“These grants help companies identify future markets, plan for transition and ensure their workforce is sustainable,” he said.
Narre Warren South MP Judith Graley joined Mr Noonan at Australian Precision Technologies in Berwick to announce the latest recipients.