Specialist valve and fitting manufacturer Philmac has announced it will invest $9.6 million in its South Australian facilities,
assisted by a $2.4 million federal government grant.
The company has been operating in South
Australia since 1929, and will upgrade its manufacturing facilities in the
state, including tooling and injection moulding equipment and assembly
“We are now ready to begin the next chapter of our growth by embarking
on the single
Biggest capital investment in our operations in decades,” said managing director Mark Nykiel in a statement.
The company was announced yesterday as one of 19 successful recipients for the first round of the Abbott Government’s Manufacturing
Transition Programme. Other successful applicants included Cochlear, Bega
Cheese and Nissan Casting Australia.
It said it would hire as many as 30 new
employees. It currently employs over 200 in the state.
“We are working in a highly
competitive global market and we need to continually foster innovation to succeed,” Nykiel
“Investing in innovation within our
manufacturing processes and our products will enable us to meet our ambitious
Philmac’s other recent successes include a new infrastructure contract in the French market (which it has supplied since 2001) and being named a finalist in next week’s Manufacturers’ Monthly’s Endeavour Awards.
It currently exports to 30 countries.