An Adelaide business has received a $2.4 million grant as part of the Government’s Green Car Innovation Fund to produce automotive mirrors that are expected to cover approximately 8 per cent of the global market.
Innovation Minister Senator Kim Carr congratulated SMR Automotive Australia – which specialises in designing and manufacturing rear-vision systems – on receiving the grant.
“The project will set-up a pilot plant in Adelaide to adapt leading-edge technology to manufacture the rear-view mirrors,” Senator Carr said.
“The company estimates that if the pilot project leads to full production, its mirrors would lead to more fuel-efficient vehicles, saving about 400,000 tonnes of carbon dioxide emissions over five years.”
The mirrors are made of an innovative, lightweight material. According to Senator Carr, this project is a prime example of the way Australian companies can specialise in niche products.
“SMR Automotive Australia will be working with the University of South Australia to develop the mirrors,” he said.
“The company estimates that the pilot plant will initially supply about 8 per cent of the global automotive market’s needs for rear view mirrors.
“Through the Green Car Innovation Fund, the Rudd Government will continue to support our innovative automotive companies and the high-skill, high-wage jobs they provide.”
SMR Automotive Australia produces automotive components for both domestic and international markets, with 78 per cent of its production being exported to customers in the US, Europe and Asia.
SMR Automotive Australia is a direct supplier of Australian-made mirrors to the US automotive sector.