Posted on 15. Sep, 2010 in Clayton Update

An East Bentleigh electronics company will make complex wiring for major defence and aerospace projects, creating 80 new jobs, after an injection of funding from the Brumby Labor Government

Industry and Trade Minister Jacinta Allan said Cablex’s new pursuit would boost highly-skilled jobs and enable the company to triple its defence and export sales over four years.

“The Brumby Labor Government is helping Victorian manufacturers rise to the challenge of the global financial crisis by giving them the support they need to expand into new markets and create new jobs,” Ms Allan said.

“Cablex is another Victorian advanced manufacturing success story: it has invested heavily to target the lucrative defence and aerospace markets, both here and overseas.

“The support for Cablex through our Industry Transition Fund (ITF) is enabling the company to prepare for major defence and aerospace contracts, creating 80 new jobs in the next four years.”

Ms Allan today joined Cablex employees to test the first wiring harness to be manufactured by Cablex that will be supplied to Eurocopter for fitting to Tiger helicopters in Australia and overseas.

“The company has introduced new technology and processes that position it as a significant global supplier,” she said.

“As well as supplying Eurocopter, Cablex will also supply the US$300 billion multi-national Joint Strike Fighter (JSF) program,” Ms Allan said.

Ms Allan said more than half of the Joint Strike Fighter program contracts awarded in Australia had gone to Victorian companies, signalling the strength of the state as a defence hub.

“The major upgrades at Cablex will enhance their prospects of securing more JSF work and further underline Victoria’s position as the centre of Australia’s aerospace and defence manufacturing sectors” Ms Allan said.

Member for Bentleigh, Rob Hudson, said the ITF was introduced to help Victorian businesses such as Cablex transition to more sustainable business models.

“The ITF has supported 24 businesses to facilitate $296 million of business investment, creating a potential 898 new jobs and supporting the retention of 3505 jobs,” he said.

“It has now been succeeded by the Competitive Business Fund, an $11.4 million program helping businesses tap into new opportunities that are emerging in the global economy.”

Victoria’s defence industry employs more than 9000 Victorians, contributes $2 billion to our economy and drives annual exports of $236 million, with 38 per cent of the defence industry workforce based in Regional Victoria.

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