Jobs to Flow From $7.5 Million Ta Ann Plywood Mill Funding
09 May 2014
Joint release with:
Federal Member for Braddon
The Australian Government has delivered $7.5 million for construction of the $15.8 million Ta Ann Plywood Mill.
Representing the Assistant Minister for Infrastructure and Regional Development, the Hon. Jamie Briggs MP, the Federal Member for Braddon, Mr Brett Whiteley MP announced the funding in Smithton today.
“This new high standard facility will produce premium plywood suitable for the Australian market,” Mr Whiteley said.
“Previously exported, veneer produced at Ta Ann Tasmania's Huon and Smithton rotary peel veneer mills will now be used at the plywood mill.
“The project will also create 90 jobs during the construction phase and up to 120 new positions when the plant reaches full production in its third year.”
Mr Briggs said the funding was another example of the Australian Government's commitment to providing long term improvements in economically productive infrastructure for regions across Australia.
“This project is expected to generate $26.3 million in the first 12 months, and to reach $60.2 million within two years”.
“In production terms, the project will increase capacity by 28,000 cubic metres in the first year, reaching 64,000 cubic metres within two years.
“Investment in productive infrastructure, such as our $7.5 million contribution to construction of the Ta Ann Plywood Mill, creates jobs in the regions, boosts productivity and strengthens the Tasmanian economy,” Mr Briggs said.
The project is expected to be finished in December 2014, and is jointly funded by the Australian Government and Ta Ann Tasmania Pty Ltd, which contributed $8.3 million.Â
The Australian Government's Tasmanian Jobs and Growth Plan is a $106 million package of measures aimed at building a stronger Tasmanian economy by supporting jobs and growth.