Darwin-based roofing specialist Steeline GRP has become the sixth business to be awarded support under the Northern Territory government’s Advanced Manufacturing Ecosystem Fund, with the announcement of a $800,000 co-investment.
Support through the AMEF – which is administered by the Advanced Manufacturing Growth Centre – will be met by a further cash and in-kind investment of $1.9 million from Steeline in the project, which has a total value of $3.5 million.
Steeline is described as the biggest NT-owned steel roll-former.
According to a statement from the NT government, Steeline will scale up its “capabilities with new manufacturing equipment – including machines that can cut longer and heavier pieces of aluminium and steel” and add “the ability to weld into formation.”
A predicted $7.25 million in additional revenue is expected to be realised over five years as a result of the project.
“Steeline’s project represents an important lift in the ability of the NT’s manufacturing ecosystem to supply important economic development and major projects across the region – precisely what the AMEF was designed to achieve,” said AMGC NT Director Charmaine Phillips in a statement on Monday.
The collaborative project also involves Charles Darwin University, Diverseco, and local business Custom Works, and will create a planned ten new jobs while upskilling existing staff.
Picture: credit Steeline GRP Darwin