Posted on 25. Nov, 2010 in Election Media Release, Victoria

The future of plastics manufacturing in Victoria has been secured with a planned investment of up to $195 million to expand and modernise Qenos’ manufacturing facility at Altona, Deputy Premier Rob Hulls announced today.

Mr Hulls was joined by the Member for Altona, Jill Hennessy, at the facility today and said the plan had been supported by the Brumby Labor Government and would ensure a long term future for more than 400 Qenos workers and hundreds more in the plastics industry.

“Labor will keep the jobs coming to Victoria. We are the nation’s job engine room, because Labor has delivered the right economic policies to see the State through the Global Financial Crisis,” Mr Hulls said.

“Qenos is a world leader in plastics research and development and the expansion of their operation means that Qenos has a sustainable, long term future in Victoria as the cornerstone of Altona’s plastics and chemicals precinct.

“The plastics industry is a significant contributor to the Victorian economy. The plastics industry provides similar value to the automotive industry.”

Mr Hulls said that over 250 additional jobs would be created during the construction phase of the upgrade to the Altona plants.

“This investment improves the competitiveness of plastics manufacturing in Victoria. Qenos adds significant value to ethane and LPG from Bass Strait and this project will secure 15 years supply of ethane and LPG worth over $2 billion,” he said.     

Qenos converts ethane to polyethylene, which is the key ingredient in a range of everyday plastic products, such as food and drink packaging, water tanks and pipes.

Ms Hennessy said the Qenos investment was a great outcome for the Altona manufacturing precinct and an economic boon for Victoria.

“Without this investment, the Altona plant, which has been part of the Western skyline for around 50 years, could have faced an uncertain future,” Ms Hennessy said.

“This comprehensive redevelopment plan will secure Qenos’ future in Altona, Victoria and Australia.”

Earlier this month Labor announced a $20 million commitment to secure jobs in the manufacturing industry.

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