Domestic remanufacturing poised to flourish*
As the Australian economy seeks to bounce back from COVID-19, attention is turning to the role of Australia’s manufacturing sector.
Federal Treasurer, Josh Frydenberg has promised a re-evaluation of supply chains and a focus on niche manufacturing where Australia does well.
It is in this space that Australia’s resource recovery and remanufacturing sector can play a real role, especially amidst the backdrop of the impending government ban on the export of problematic waste streams including plastic, glass, paper, cardboard and tyres.
As a global leader, Australian owned and operated ResourceCo processes millions of tonnes of waste each year to extract maximum value from materials otherwise destined for landfill.
Managing Director, Simon Brown says that if government and industry can continue the unprecedented level of collaboration seen during the Coronavirus pandemic, then Australia will have the best chance of increasing productivity and employment.
“We’re pleased to see the Government looking at how it can fast-track shovel ready infrastructure projects to keep jobs and industry alive.
“If that’s accompanied by appropriate government policy supporting the development of sustainable markets, that’s a strong incentive for companies such as ours to back investment.
“The opportunities, particularly in the energy from waste sector and the use of recycled materials in road construction are huge. Positive procurement by governments and businesses for products with recycled content will go a long way toward driving further development in the domestic market.
“We need to work together to support strategies that encourage domestic remanufacturing capacity and demand for recycled materials, which will in turn create jobs.”