Million-dollar grant to rev up PWR exports
Gold Coast business PWR Performance Products will purchase high-tech equipment and improve its international competitiveness using a $1.095 million grant from the Made in Queensland program.
Made in Queensland offers matched grants to help Queensland’s manufacturing sector become more internationally competitive and adopt innovative processes and technologies.
PWR manufactures high-performance cooling systems used in race cars and military vehicles worldwide, and will use the grant to buy an advanced 3D CT scanner.
PWR CEO Kees Weel said the new scanner would help PWR strengthen its position as a premium supplier to industries such as high-end motorsport, aerospace, defence and electronics, and create new jobs in the company.
‘We have employed an additional 100 full-time employees since 2015 and currently have 185 full-time employees at the PWR facility at Ormeau,’ Mr Weel said.
‘With the purchase of the 3D CT scanner, we expect to employ a significant number of additional graduate engineers and programmers to further grow the business.’
PWR is a two-time winner in the Premier of Queensland’s Export Awards and was also named Australian Exporter of the Year in 2012.
It is one of 25 businesses across Queensland that will receive a total of $17.62 million under Round 2 of the Made in Queensland program.
The program offers grants between $50,000 and $2.5 million to manufacturers looking to adopt innovative processes and technologies in order to generate highly skilled jobs and become more internationally competitive.
Manufacturers must go dollar-for-dollar with the government to fund business improvements.
Advanced manufacturing is one of the emerging export sectors identified in the Queensland Trade and Investment Strategy 2017–2022.
This article was originally published on Trade & Investment Queensland.