MNIIF grant for Baxters Foods expansion to create 65 new jobs in Campbellfield
4 June 2014
The Victorian Coalition Government in partnership with the Federal Government and Ford Australia today announced funding assistance to Campbellfield-based manufacturer Baxters Foods Australia that will assist it to expand its local operations and create 65 new jobs.
Federal Industry Minister Ian Macfarlane said the $1.3 million Melbourne’s North Innovation and Investment Fund (MNIIF) grant would assist the company to undertake a $13.4 million re-development, which would establish the company’s Asia-Pacific Headquarters at its gourmet food manufacturing facility.
“This substantial project will position Baxters for its next 10 years of growth by expanding the existing plant at Campbellfield to provide a world-class facility for the production of the company’s full range of foodstuffs.
“It will install state-of-the-art food processing equipment to streamline production, improve efficiencies and reduce manufacturing costs.
“The MNIIF is about attracting new investments and businesses to this important manufacturing region and maintaining a strong, sustainable and competitive manufacturing sector,” Mr Macfarlane said.
Victorian Minister for Manufacturing David Hodgett said the project would lead to the creation of 39 new full-time jobs by June 2016 and a further 26 jobs by the project’s completion.
“Baxters anticipates that by the completion of the project in 2018, its expanded operations will lead to a total of 65 new jobs. This is great news for the local community and the Victorian economy.
“The project will also incorporate a significant increase in production capability, a world class Research and Development Technical Centre and an export base for the company’s drive into Asian markets.
“These plans match the Victorian Coalition Government’s vision for the future of our manufacturing industry, which is facing significant structural change,” Mr Hodgett said.
“Baxter Foods’ significant growth plans demonstrate how the MNIIF program is delivering innovative and exciting projects for Melbourne’s North that will assist the region to diversify its economic base. This announcement is another outstanding example of how MNIIF is providing real support for investment by local businesses that results in increased economic activity and new, sustainable jobs,” said Bob Graziano, President and CEO of Ford Australia.
“Ford Australia is proud to be associated with MNIIF because it’s an important element of Ford Australia’s transition plan to become a full-line vehicle importer while also providing support for all stakeholders affected by our business changes,” Mr Graziano said.
The MNIIF is a $24.5 million package developed by the Victorian Coalition Government in partnership with the Commonwealth Government and Ford Australia in response to Ford’s announcement in 2013 that it would cease local production.
The seven MNIIF grants that have been allocated so far are worth a total of $9.8 million and are leveraging $29 million in private sector investment. They are expected to create more than 380 new full time equivalent jobs by 2018.
More MNIIF announcements will be made shortly.
Media contacts: Mr Macfarlane's office 02 6277 7070