Cobram is set for an economic boom.
The small town on the Murray River is set to become a hub for advanced steel manufacturing and new jobs as CG&C Group unveiled a new advanced robotic Zeman steel beam assembler and crane at its factory in Cobram.
The state-of-the-art machinery creates modified steel beams to the client’s exact specifications in a much faster time frame.
The project has already generated 24 new jobs in the region, significantly increasing the company’s capability and capacity.
The new machinery is predicted to turn Cobram into a hub for cutting-edge steel beam fabrication.
The project is the first part of a two-stage development by CG&C Group, which has been supported by the Victorian Government.
The second stage is under way, and will see the purchase of further specialised advanced technology machinery, including band-sawing and drilling machines, creating 15 more jobs.
It is estimated that with the project’s completion in mid-2025, CG&C Group’s output will increase by 75 per cent, enabling it to service existing customers better and generate new business across northern Victoria and further afield.
Minister for Regional Development Gayle Tierney said CG&C Group's investment in new machinery will ensure the company remains an economic force for years.
“(CG&C Group) has boosted its capacity and competitiveness, created new jobs for the regional and propelled industry growth in northern Victoria,” she said.
CG&C Group director Damion O’Callaghan said the group's investment wouldn’t have been possible without the government's support.
“I’d like to acknowledge the Victorian Government’s support, which is helping to realise greater regional economic development outcomes in northern Victoria and the Goulburn Valley,” he said.
Support for the CG&C project is a part of the state government’s investment of more than $41 billion across rural and regional Victoria.
CG&C Group employs around 80 people at sites in Cobram, Wangaratta, Shepparton and Wodonga areas.
There will be a formal launch of the machinery on Friday, May 17, which will be attended by local council representatives, suppliers and clients.