PFG to get $600,000 loan to build prototype boat

The Tasmanian government has announced it will provide a $600,000 loan to PFG Group to assist in a prototype boat for defence.

PFG will build an 11-metre ultra-durable vessel, said minister for state growth, Roger Jaensch.

This would help the company demonstrate its boat-building skills to the defence sector which it had sought to enter for several years, particularly through supplying tactical watercraft.

“We will now work collaboratively towards finalising the legal arrangements to underpin the loan. Construction of this ‘first in class’ watercraft will help secure the operations at PFG, with flow-on benefits to many local businesses,” added Jeansch 

The statement cites opportunities from the Royal Australian Navy and Royal New Zealand Navy looking to replace sea-boat fleets over the next two decades.

PFG is a specialist in polyethylene products, focussing on aquaculture and marine markets according to its website, as well as serving the agriculture, civil works and mining sectors.

Picture: The company’s head office in Goodwood, Tasmania (pfg-group.com.au)

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