Australia announced yesterday that it would make a $40 million investment in
its Clayton headquarters.
project, reports the Herald Sun, includes building new testing facilities and
offices, and was cited by President Gavin Smith that the German parent company
had a great deal of faith in Australia. It is claimed the investment will
create 89 new jobs.
“This investment is essential to
ensure we provide an appropriately modern and collaborative
working environment for our employees, and provide
facilities that better suit our activities now and into the future,” Smith
said, according to the Herald Sun.
Premier Dennis Napthine similarly claimed the news as a “huge vote of confidence”.
company is the Australian arm of the world’s biggest automotive parts supplier,
and had previously this year discussed plans to transition away from automotive in Australia and increasingly target building and energy for its revenues. Smith said in June that he hoped these would make up 40 per cent of sales over time.
The company employs around 1,300 in Australia, and 842 at the Clayton site.