EIGHT new jobs will be created and a local company will be better placed to service the oil and gas industry thanks to a $160,000 grant from the Victorian Coalition Government’s $1 billion Regional Growth Fund.
Deputy Premier and Gippsland South MLA Peter Ryan visited Wurruk-based welding company Rotafab on Wednesday to announce the grant, which the company will use to modernise its facilities.
Mr Ryan said Rotafab would match the Coalition Government’s contribution, providing a further $160,000 towards the $320,000 project.
“This investment will enable Rotafab to take advantage of opportunities associated with Exxon Mobil’s new gas conditioning project at Longford as well as compete for other oil and gas tenders around Australia,” he said.
“By modernising its operation, Rotafab is positioning itself to meet the needs of the oil, gas and mining industries and attract a broader range of customers, which will have significant benefits for the local economy.”
Mr Ryan said the funds would be used to replace four outdated welding hand-pieces with robotic equipment capable of high-quality and continuous long welds.
“An overhead gantry crane will also be upgraded to support complex projects, including offshore helicopter platforms and high volumes of pipe spooling,” he said.
“The new equipment will significantly increase the company’s capacity to take on new work, while increasing productivity and safety.”
Mr Ryan said the improvements would enable Rotafab to retain 10 full-time jobs while creating a further eight new full-time jobs, with potential for this number to grow in the future.
He said the project was funded through the Coalition Government’s Latrobe Valley Industry and Infrastructure Fund, a component of the $1 billion Regional Growth Fund, funding which has been set-aside solely for projects in regional and rural Victoria.
“The Latrobe Valley Industry and Infrastructure Fund was created to help local companies create and retain jobs, which is essential in ensuring the area prospers well into the future,” Mr Ryan said.