Plasser Australia on right track for growth
10 December 2015
Plasser Australia's recent $10 million expansion of its track maintenance and machinery manufacturing facility in Western Sydney is a major vote of confidence in the NSW economy.
Opened last week by the Minister for Industry, Anthony Roberts, the expansion will create a further 2,450 sq/m of indoor and outdoor space to allow the company to build state-of-the-art track building and maintenance machines faster and more effectively.
The new facilities at Plasser Australia will also enable the company to offer customers repair and overhaul services for existing machinery.
Its machines are internationally renowned – each one is meticulously constructed and takes up to 18 months to build. Machines built in NSW service tracks across Australia, primarily to private freight rail operators.
Loyal to NSW
The Austrian-based company set up its Australian headquarters in Girraween in 1970, relocating to St Marys in 1980 and has been one of NSW's longest standing corporate citizens, currently employing around 120 people.
This new expansion will give the company room to grow and the space to embrace the latest construction technology and new business revenue streams, which will support an important and growin Western Sydney workforce.
Plasser plays a vital role in the NSW manufacturing industry, which contributed $32.7 billion to the state's economy and employed more than 276,000 people in 2014-15.
New South Wales is proving to be the preferred state in which to do business.
Our economy is streets ahead of other states in terms of business confidence and jobs growth as demonstrated in recent data including CommSec and labour force figures from the Australian Bureau of Statistics.
The Government is investing record sums to ensure our state's infrastructure is up to the task of supporting businesses like Plasser into the future. In the 2015-16 Budget $68.6 billion was allocated in capital spending to 2018-19.
Watch the video about Plasser Australia's expansion in Western Sydney, or read the transcript.