Axiom Precision Manufacturing, M & I Samaras and Jehbco Manufacturing have collectively been awarded $2,092,340 in Sovereign Industrial Capability Priority grants.
Axiom and M & I were awarded $1 million each, and Jehbco $92,340 (see below.)
Adelaide’s Axiom Precision Manufacturing began in 1979 as Diemould Tooling, an automotive supplier. It started producing face shields last year for protecting health and aged care workers from Covid-19.
The SICP grant, the second it has been awarded, would help Axiom invest in precision welding.
“Our other two awardees, M. & I. Samaras and Jehbco Manufacturing, are on their own journey to provide improved quality and precision capabilities to our ADF,” said defence industry minister Melissa Price in a statement.
“Australian companies have world-leading capabilities and this program ensures companies like Axiom, M. & I. Samaras and Jehbco Manufacturing can continue to grow, avoiding Australian reliance on foreign companies for crucial Defence technologies and components.
The SICP is a program offering between $70,000 to $1.4 million for up to 70 per cent of the cost of a project building “capabilities aligned with Defence’s Sovereign Industrial Capability Priorities.” It is open to SMEs (under 200 employees.)
More information on SICP grants is available here.
Picture: Weld Australia
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|Company||Grant Amount||Grant Funding Purpose||State|
|Axiom Precision Manufacturing||$1,000,000||Development of capability to weld high precision structures, as well as to weld armoured steel whilst maintaining its mechanical properties.
|M. & I. Samaras
|$1,000,000||Development and installation of a robotic assembly and welding line, designed for heavy engineering, equipped with advanced manufacturing capabilities as required by the shipbuilding program.
|Jehbco Manufacturing||$92,340||Purchase and commission of capital equipment, as well as upgrades to overall security, that will facilitate significant productivity gains through reducing manufacturing time, improving quality and precision.