Quickstep Holdings Ltd. (Sydney, Australia), a manufacturer of high-grade carbon fiber composite components, announced on Oct. 14 that it has been awarded a grant of $1.76 million from the Geelong Region Innovation and Investment Fund (GRIIF). This is an Australian Government, Victorian Government and Ford Australia funded initiative under the Geelong Region Innovation and Investment Fund.
The grant will assist Quickstep to establish a dedicated automotive division, co-located with Deakin University at their Waurn Ponds campus, Geelong, where the company will benefit from access to composite research and automotive specialists from Deakin and the wider Geelong community. Quickstep will establish a new facility to design and develop automotive manufacturing cells that will incorporate the Quickstep Process and the Quickstep resin spray transfer (RST) system. The facility will also enable the production of customer prototypes and initial production quantities. Total project expenditure is anticipated to be $5.6 million from now through June 2017 and will create 30 new jobs.
Quickstep Executive Chairman, Tony Quick, says: "Having collaborated with Deakin University for over a decade this activity is a key step in our growing relationship. We are capitalizing on Deakin’s knowledge of Quickstep and the area's wealth of automotive skills to create a new automotive division associated with the Carbon Nexus facility. This grant will make an important contribution to enable us to build a strong automotive culture and propel Quickstep further into the global automotive market."
Quickstep is negotiating with the automotive industry on possible contracts and is said to be in advanced negotiations with an original equipment manufacturer.
Editor PickGardner Business Index at 54.1 in January
The US composites industry looks as strong as it has since early 2015, with expectations the highest in years.