CSF Industries, a prominent steel manufacturer based in
Cairns, is poised for significant growth following the approval of a $720,000
manufacturing grant from the Queensland Government.
The grant will facilitate the
acquisition of Shotblaster equipment, enabling the expansion of manufacturing capabilities
and the creation of up to 15 new jobs over the next five years, the government
said in a media release.
With the new equipment, CSF Industries anticipates
a 67 per cent reduction in blasting times, thereby streamlining production
processes and opening doors to lucrative market segments, including the
shipbuilding sector.
This efficiency boost is projected to catalyse the creation of up to 15 new
jobs over the next five years, injecting vitality into the local employment
landscape.
According to the government, the Made
in Queensland initiative has emerged as a beacon of support for Queensland
businesses, with over 100 enterprises benefitting from its provisions across
five rounds.
Notably, this program has been
instrumental in fostering the creation and sustenance of over 6,000 jobs
statewide, underscoring its pivotal role in driving economic growth and
resilience.
Manufacturing Minister Glenn Butcher,
during his visit to CSF Industries, lauded the company’s success story as a
testament to the government’s unwavering commitment to the industry.
He emphasised that initiatives like
the Made in Queensland program not only empower local businesses but also
stimulate private sector investment, thereby fueling economic growth and
prosperity.
“I congratulate CSF Industries on its
home-grown success and look forward to coming back to see the equipment in
place and delivering on the promise of growth,” the minister remarked.