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January 2010

NSW GOVERNMENT SUPPORTS 80 NEW JOBS FOR NEWCASTLE

Newcastle and the Hunter will benefit from a new $1.85 million investment by the Lovells Group in a new company, Lovells Technology, set to create 80 new jobs for the region.

Minister for the Hunter and Member for Newcastle Jodi McKay said the new company will deliver complex wire harness assemblies, switchboards and specialised fabrication suitable for rail projects, specialised vehicles and the Department of Defence.

"The new business will be set up in Hamilton North and is an outstanding development for Newcastle," Ms McKay said.

"Lovells supplies large coil springs to some of the biggest locomotive companies in Australia and the world.

"Lovells has also recently won a major rail project contract and was recently recognised as a formal supplier for the Department of Defence."

Ms McKay said the Lovells Group, a coil spring manufacturer established in Sydney in 1930, relocated to Newcastle in 2001.

"The company's highly specialised cable and harness assemblies will be made using the latest technology in a purpose-designed production line set-up," Ms McKay said.

"Lovells is also expanding its suspension component business to include a range of engineered elastomeric components, rubber and plastics for the rail and Defence sectors to be manufactured at their Carrington production facility.

"This new addition to their range of product is a great example of the innovation and diversification of the Hunter economy," Ms McKay said.

Ms McKay said the NSW Government would provide support for Lovell's new business through the Hunter Advantage Fund.

"The Hunter Advantage Fund is designed to attract new industry and support business expansion in the Hunter region," Ms McKay said.

"Since 1997, the Hunter Advantage Fund has helped to attract more than $535 million in new investment and create more than 3700 jobs in 116 projects in the Hunter region.

"The success of the Hunter Advantage Fund demonstrates our commitment to ongoing economic development and job creation in the Hunter.

"The NSW Government's support for the establishment of Lovells Technology will ensure the region and NSW remains at the forefront of advanced manufacturing," Ms McKay said.

For more information on Industry & Investment NSW's programs, visit www.business.nsw.gov.au/region

Media contact:
Andrew Parkinson (02) 9228 5668 or 0447 202 091

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