Close this search box.

$4.3 million to Help Auto Suppliers Enter New Markets

*This is a joint media release with the Victorian Minister for Manufacturing, the Hon David Hodgett MP, and the South Australian Minister for Automotive Transformation, the Hon Tom Koutsantonis MP.

Seven Australian automotive supply chain firms will receive a total of $4.3 million to diversify their product and customer bases through Round 3 of the Automotive New Markets Program (ANMP).

The $42 million ANMP is a joint initiative of the Federal, Victorian and South Australian Governments to help automotive component producers win work in non-automotive markets domestically and internationally.

“These ANMP funded projects display the leading edge manufacturing capabilities of our local automotive supply chain firms,” Federal Minister for Industry, Ian Macfarlane, said.

“These grants will help automotive firms remain viable by diversifying into non-automotive markets and ensure that vital manufacturing capabilities remain in Australia.”

The projects to be funded include:

  • manufacturing cycling training simulators;
  • casting metal components for the aerospace and defence industries;
  • transforming production lines to producing new packaging products for the food and medical/pharmaceutical industries; and
  • producing emergency pipe repair clamps for the oil and gas industries.
  • Victorian Minister for Manufacturing David Hodgett said local automotive companies have valuable skills which have been developed over many years, and these capabilities can be adapted to a wide range of industries.

“The ANMP provides the much needed support for companies to innovate and diversify their products away from the automotive industry and into new sectors,” Mr Hodgett said.

South Australian Minister for Automotive Transformation Tom Koutsantonis said “these ANMP projects show that South Australian automotive firms are determined to adapt in changing times to ensure that SA continues to have an advanced manufacturing industry.

“Our recipients are committed to maintaining their manufacturing capabilities and the ANMP provides crucial support to allow them to diversify and develop new products for new customers,” Mr Koutsantonis said.

Automotive New Markets Program Round 3 Successful Applicants:

  • Australian Precision Technologies Pty Ltd
  • L&L Products Australia Pty
  • AW Bell Pty Ltd
  • Blown Plastics Pty Ltd
  • Sneddon & Kingston Plastics
  • Precise Global
  • Adelaide Tooling Pty Ltd


The Australian Business Executive (The ABE) provides an in-depth view of business and economic development issues taking place across the country. Featuring interviews with top executives, government policy makers and prominent industry bodies The ABE examines the news beyond the headlines to uncover the drivers of local, state, and national affairs.

All copy appearing in The Australian Business Executive is copyrighted. Reproduction in whole or part is not permitted without written permission. Any financial advice published in The Australian Business Executive or on has been prepared without taking in to account the objectives, financial situation or needs of any reader. Neither The Australian Business Executive nor the publisher nor any of its employees hold any responsibility for any losses and or injury incurred (if any) by acting on information provided in this magazine. All opinions expressed are held solely by the contributors and are not endorsed by The Australian Business Executive or

All reasonable care is taken to ensure truth and accuracy, but neither the editor nor the publisher can be held responsible for errors or omissions in articles, advertising, photographs or illustrations. Unsolicited manuscripts are welcome but cannot be returned without a stamped, self-addressed envelope. The publisher is not responsible for material submitted for consideration. The ABE is published by Romulus Rising Pty Ltd, ABN: 77 601 723 111.


© 2024 - The Australian Business Executive. All rights reserved. A division of Romulus Rising Pty Ltd, an Australian media company (