Austin Engineering awarded up to AU$5 million by the WA State government

Austin Engineering Limited (ASX: ANG) stated that it had been chosen by the Western Australian (WA) Government for a grant of up to AU$5 million to expand its advanced manufacturing program at Perth-based facilities in Kewdale. The grant money came from the government's Investment Attraction Fund (IAF), established in March 2022.

The IAF attempts to attract further investment, jobs, and economic variety to Western Australia by growing demand for local goods and services and securing trade in new industries and markets. The award will promote increased automation and production efficiency at Austin's Perth manufacturing facilities as part of the ongoing deployment of Austin's worldwide advanced manufacturing plan.

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