Manufacturing jobs secured for Newcastle
18 June 2015
In a move to secure up to 25 jobs, the NSW Government has successfully attracted a West Australian specialist engineering company to set up operations in Newcastle.
Hofmann Engineering, which manufactures a range of heavy industrial equipment and parts for energy, mining, defence and aerospace operations, will invest in a manufacturing facility in Broadmeadow with assistance from the NSW Government's Regional Industries Investment Fund (RIIF).
Securing jobs for NSW
The jobs and the facility's machinery may have been lost to the region had Hofmann decided to consolidate its manufacturing operations at one of its other Australian sites.
The NSW Government's support will help Hofmann Engineering offset the up-front costs involved in getting a major facility up and running, away from its established operations in Western Australia and Victoria.
Significant investment in manufacturing
The company is making a significant commitment to the Hunter through its investment in an existing facility and associated plant and equipment.
Hofmann Engineering expects products from its Newcastle operations will help the company compete with manufacturers in Europe and the US, as well as from low-cost countries such as China and India.
The company also predicts that exports will make up 20% of its sales from Newcastle within three years.
Supporting regional development
The NSW Government's Regional Industries Investment Fund offers support to projects that generate significant new jobs and investment in regional communities.
Since the end of March 2011 to 30 April 2015, the RIIF program has supported projects expected to generate almost 10,800 jobs and around $1.5 billion in investment.