Media Statement - 27th January 2010
The reopening of Australia's only automotive glass manufacturing facility in Geelong today demonstrates the power of partnerships between industry and Government said Innovation Minister, Senator Kim Carr.
"This reopening is not just great news for the working families of Geelong, but for our resilient and innovative automotive industry," Senator Carr said.
"Not only have 68 automotive jobs and critical industrial capacity been preserved, but we have even succeeded in securing new investment.
"This is a credit to all concerned, and especially to the new owners, MHG. The company has demonstrated great courage and vision in the hardest of economic times.
"The reopening has been assisted by $4.5 million from the Automotive Industry Structural Adjustment Program, part of the Rudd Government's New Car Plan for a Greener Future.
"The announcement comes at a time when automotive manufacturers worldwide are seeking to trim their balance sheets in the aftermath of the worst global recession in a generation.
"MHG's acquisition of the Geelong plant is an important example of the supply chain consolidation we need, and a great gesture of faith in Australia's automotive future.
"Rationalisation is never easy, but it is absolutely essential if the supply chain is to keep winning business locally and internationally.
"We have made it work in glass manufacturing, and we can make it work in other areas as well.
"This announcement also demonstrates the close working relationship between Federal and Victorian Governments, and their role in minimising the impact of the financial crisis on business and families.
"The Rudd Government will continue to work in partnership to transform automotive manufacturing and support high-wage, high skill jobs in Geelong and across the country."