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Monday, May 27, 2024

Grant a boost to Cairns company

A CAIRNS engineering business’s expansion will deliver new jobs to the region whilst bolstering manufacturing supply chains in the Far North.

With funding from the Queensland Government’s Industry Partnership Program (IPP), Cashcor Engineering will be home to two revamped metal manufacturing and fabrication workshops.

Founded more than 40 years ago, the company provides niche metal manufacturing and engineering services to bolster local content in industries and supply chains in Far North Queensland and across into the Northern Territory. 

The project will create 33 jobs and unlock opportunities for the Cairns-based company to grow its supply chains in defence and marine industries.

New specialist metal fabrication equipment will improve product precision and speed of delivery to its customers, with new staff offices and amenities also being built on-site.

Elite Engineering Services Pty Ltd managing director Brett Cahill, trading as Cashcor Engineering, said this IPP grant will provide a significant boost to the business and its manufacturing capabilities.

“It will enable us to transition into a much-needed larger premises, which is located near the Cairns Marine Precinct Common User Facility site,” he said.

“Our new purpose-built workshops will allow us to increase our employee numbers significantly to allow us to keep up with the increased demand.

“Cashcor Engineering has serviced the North Queensland market for over 40 years in the areas of defence, mining, marine and general engineering.

“The IPP grant will now allow us to purchase new state of the art manufacturing machinery to help service these growing markets.”

The project is expected to be completed by the end of 2024 and Cashcor Engineering anticipates 33 new jobs will be created over the coming decade.

Minister for State Development and Infrastructure Grace Grace said the expansion of this business is a win for the local economy and the people of Far North Queensland.

“Companies like this one will provide the vital services to grow and strengthen industry supply chains, including in our growing marine and defence industries,” she said.

“Importantly, it means more good, local jobs for Far North Queenslanders.

“Cashcor’s expansion will build on the pipeline of fantastic projects taking shape with IPP support.”

The IPP is focused on growing Queensland’s priority industries, strengthening local supply chains, encouraging collaboration between government and industry and leveraging private sector investment.

Keep up with the latest news in Cairns and the Far North, and check out some of our top stories this week: Repairs on Palmerston Highway begin and Nominees announced for TRC Australia Day.

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