Health food company ATP Science says it will boost staff and reach new markets through a $3.2 million investment in new factory equipment.
ATP makes health supplements and “functional confectionery” and has been awarded a $1,588,000 grant under the third round of the state government’s Made In Queensland program.
Managing director Mr Jeff Doidge said in a statement on Thursday that the investment would allow production of “gummies” to increase almost eight-fold to 62,000 packets per shift.
“This will give us the scope we need to keep up with demand as we enter new markets, such as the fast-moving consumer goods sector, and to target additional export opportunities,” Doidge added.
Waterford state MP Shannon Fentiman said the upgrade was expected to result in 33 new jobs over the next five years.
“ATP Science will invest more than $3.2 million in advanced, new-to-Australia equipment to enable scale production of their unique and technically complex, low sugar, high-protein functional confectionery… food,” she added.
ATP placed in the AFR’s Fast 100 in 2019 and in 2018. Last year it was awarded $1 million under the first round of the federal Manufacturing Modernisation Fund (MMF) towards a $5 million upgrade, with a new collagen protein bar line, “including a Combithermix, vacuum system, depositor, cooling system, robotic de-moulding units and robotic packing equipment.”
Picture: ATP Science
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