May 2019 Residential Investment Booklet
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NIOA Munitions [RNM] is pleased to announce it will commence construction of a $60 million<br />
Rheinmetall<br />
munitions forging facility in the regional Queensland city of Maryborough after receiving a<br />
state-of-the-art<br />
commitment to support a major defence project that will create up to 100 new jobs in the<br />
Commonwealth<br />
Coast region.<br />
Fraser<br />
Federal Government confirmed earlier today it would commit $28.5 million towards the forging facility<br />
The<br />
its Regional Growth Fund following a thorough review of the RNM joint venture’s detailed proposal.<br />
from<br />
Kraemer, CEO Rheinmetall Waffe Munition and Chairman of Rheinmetall NIOA Munitions, said that with<br />
Werner<br />
now committed and the relevant approvals in place, implementation work would begin immediately on<br />
funding<br />
facility that will manufacture the world's most complex and technologically advanced artillery shells for the<br />
a<br />
and export markets.<br />
domestic<br />
has identified Australia as a key strategic market for munitions and this Joint Venture is the<br />
“Rheinmetall<br />
of Rheinmetall’s strategy to supply artillery shells globally,” Mr Kraemer said.<br />
cornerstone<br />
are committed to Australia and the Australian market. Through this commitment we want to create<br />
“We<br />
jobs and build a sovereign capability by employing locals and building a long term sustainable supply<br />
regional<br />
chain.”<br />
Nioa, Managing Director of NIOA and Director of RNM, said the facility would underpin important<br />
Robert<br />
in the local community and the wider Australian defence community.<br />
changes<br />
establishment of this new manufacturing facility here in Maryborough will not only help create local jobs<br />
“The<br />
will also help ensure that future munitions supplied to the ADF will be made right here in Australia,” Mr Nioa<br />
but<br />
said.<br />
want to create a sustainable sovereign munitions manufacturing capability here in Australia and this<br />
“We<br />
by the Federal Government really underpins this significant investment and will ensure we deliver not<br />
backing<br />
Great News for Maryborough<br />
News<br />
New industry for Maryborough focused on domestic and export markets<br />
only local benefits, but economy-wide benefits.”
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