August 12, 2016
The funding is part of the Labor Government’s Future Industries Manufacturing Program, which is supporting Victorian-based manufacturers grow and create jobs. LTA will use the money to invest in new equipment, create five new full time jobs and boost its exports by more than $4m. It builds on recent announcements, including grants to: Guala Closures in West Footscray; Southern Cross Ceramics in Mulgrave; CE Bartlett in Wendouree; Medical Developments International in Scoresby; and Fitmycar in Ravenhall. “We are helping Victorian manufacturers like Lovitt Technologies invest in new technologies to help them grow and create new jobs,” said Minister Noonan. “As car manufacturing winds down it’s important we support those businesses that will transition Victoria towards an advanced manufacturing economy.” Established in 1954 as George Lovitt Manufacturing to manufacture cutting tools for the Australian automotive industry, LTA has evolved continuously over the subsequent six decades. Quick to anticipate the decline of Australian car-making, it branched into fields as diverse as…