Carbon Revolution, supplier of lightweight wheels to Ford Performance and Ferrari, has announced plans to grow its staff and warehouse space in Geelong, as it prepares to ramp up production.
The company’s $100 million expansion, which is backed by funding from the Victorian Government, will triple the existing workforce and increase production capacity from 10,000 to more than 150,000 wheels a year.
Carbon Revolution is the first company in the world to produce a single-piece carbon fibre wheel at commercial scale. The lightweight wheels are 40-50 per cent lighter than aluminium wheels – the industry standard – which boosts performance and efficiency, and reduces fuel consumption and carbon emissions.
The company has previously announced deals to supply the $645,000 Ferrari 488 Pista and $633,000 Ford GT supercars, as well as the Ford Shelby Mustang GT350R.
The new expansion will see the company build a 7,000 square-metre facility next to its existing manufacturing and research and development facility at Deakin University. The expansion is expected to create at least 500 new jobs.
Earlier in June, Carbon Revolution had formed a $15 million research and development partnership with Deakin University to deliver advanced manufacturing technologies for composite wheels.