An innovative company in Barker will benefit from an Australian Government grant designed to boost advanced manufacturing in South Australia.
Tarac Technologies from Nuriootpa has been awarded an $800,000 Advanced Manufacturing Growth Fund grant to introduce new technology to recover tartrates, during the treatment process of winery waste.
Member for Barker Tony Pasin congratulated the company, saying they were one of 15 successful grant applicants in the final round of funding.
“These grants are designed to transition industry from heavy processes to advanced manufacturing of higher value products and create jobs,” Mr Pasin said.
“Nearly $19 million will be distributed in the second round to support capital projects by small and medium sized enterprises in Victoria and South Australia.
“This will create new jobs in the two states most affected by the closure of the local vehicle industry.”
“Tarac Technologies is a great example of the potential of Australian advanced manufacturing, creating value from winery waste, with product such as tartrates being exported. In 2016/17 Tarac Technologies produced and exported 884 tonnes of tartrates.”
“This grant will help the company increase annual production by 500 tonnes to generate additional annual export revenue of up to $2.5 million. This will help their current workers and it will help create more job opportunities,” said Mr Pasin.
The Australian Government’s $47.5 million Advanced Manufacturing Growth Fund was established in the 2017-18 Budget as part of a $100 million package to support advanced manufacturing.
The full list of successful grant recipients can be viewed on the business.gov.au website.
Contact: Charlotte Edmunds 8531 2466
