Perth mining equipment manufacturer Austin Engineering today announced a $6.5 million investment program in its Perth and Batam, Indonesia equipment design and manufacturing facilities.
The company, which manufactures mining dump truck bodies, buckets, water tanks, tyre handlers and ancillary equipment, plans to transform its manufacturing facilities through automated processes and systems to deliver significant reductions in cost and delivery times.
Automation will open the way to increase production, as well as improving quality, safety and capabilities.
The company said in a statement it saw major benefits from the investment particularly in its truck body manufacturing which comprises 70 per cent of revenues.
“The expected payback period is twelve months post-implementation, with the majority of benefits to be realised in FY2023.
“Funding will be available through operating cash flows and surplus asset sales.”
The company said the process would be transferrable to other manufacturing locations and could follow a phase 3 strategic review of further improvements available through technology and innovation.
CEO David Singleton said: “We will be able to deliver products more quickly, in larger quantities, with less waste and with improved quality, while still offering tailored design and engineering solutions to our customers.”
Picture: Austin Engineering
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