Anacacia Capital’s Post

Transcript

Big River Group is celebrating a $22 million upgrade to its Grafton manufacturing facility. The upgrades allowing the business to tap into a niche market producing high quality panels and construction products. The doors to a $22 million upgrade officially open. Big River in Grafton now boasting higher skilled workers and state-of-the-art machinery. So we've invested into into our veneer line, into our drawing line and into our finishing line. We put technology in that allows us to extract more from the resource that we have. We've actually created more jobs, not less, at the same time as as a decrease in manual handling driving its focus towards high end architectural and decorative type panels for kitchen, cabinetry, shop fit outs, auditoriums, libraries, government buildings, high rise apartments, all those sorts of things. Yeah, our focus is on high value and niche panels that no one else can do or can. It can't be copied from overseas. On top of its commodity construction products using both hard and soft woods, well, well great 30 or 40% in terms of production capacity out of this site. In 2020, the state and federal coalition governments jointly funded $10 million matched dollar for dollar from Big River Group, which the business says was all spent locally. They love the upgraded equipment, the new lathe and the equipment they're using is newer, more modern, more productive. So they love that new skills. So no, look, it's been a win win. We need to invest. In this industry to make sure that we can meet our timber supply demands and that's part of what this investment is about. Bridge Ramsey NBN News.