A multi-million redevelopment of the old Rosedale tannery will open next month as the new home of Bambach Wires and Cables.
The Federal Government has co-funded the transformation of the old tannery into a cable manufacturing facility.
Federal Member for Gippsland Darren Chester said the $9 million redevelopment was expected to create 50 local jobs.
“This redevelopment will reduce manufacturing costs and allow Bambach to target new international markets,” Mr Chester said.
“Bambach has already employed 11 local staff and is in the process of recruiting an additional 40 employees, which will deliver long-term benefits for our region.”
Mr Chester secured a Federal Government grant of $2.9 million to support the growth of Bambach Wires and Cables through the Regional Jobs and Investment Package (RJIP), which has provided almost $20 million to Gippsland businesses to create more jobs. Bambach Wires and Cables has committed the remainder of the money needed to redevelop the tannery site.
Bambach Wires will manufacture cables and wiring for use in infrastructure and defence-related projects.
Bambach Wires and Cables Managing Director Alfred Chown said the RJIP grant had given the business capacity to undertake the large expansion, putting it on an internationally competitive footing.
“The new facility will produce more than 200 tonnes of finished cable products per month and be able to make cables three to four times faster and five times larger. It will also reduce lead times from 10 weeks to four weeks,” Mr Chown said.
“We will be able to manufacture a full range of low voltage cable products and provide locally-made products in a timely and competitive manner.”
The new facility is due to be operational next month with full production to be reached by the end of the year.