Ego boost to create 63 new jobs and bring an additional $40 million to Victorian exportNovember 20, 2014
The Victorian Coalition Government has awarded Ego Pharmaceuticals Pty Ltd a $250,000 new technology grant to help expand its Braeside facility, create 63 new jobs and boosting exports by a substantial $40 million.
The grant forms part of a $14.6 million expansion project for the skincare products business to extend its flammable goods production capacity, which will enable it to double bottle filling capacity across the business.
Managing Director at Ego Pharmaceuticals, Alan Oppenheim welcomed the announcement saying that this investment and support from the Victorian Coalition Government will enable Ego to expand its manufacturing capacity in Victoria.
“Over the past 60 years Ego has been at the forefront of new technology and investing for the future. Our new facility will double our bottle filling capacity and enable us to grow our business both here in Australia and to our export markets” said Oppenheim.
“As we continue to grow and develop new skincare innovations, we continue to create more jobs in Victoria – in February we commence our first night shift enabling 24 hour production, it’s a very exciting growth period for Ego and our staff”.
The company is among the latest 16 Victorian manufacturers awarded grants as part of the Investing in Manufacturing Technology (IMT) program announced by the Minister for Manufacturing, David Hodgett.
“This project is an important step forward for Ego as they continue to go from strength to strength” Mr Hodgett said.
“This project will to create another 63 jobs, which is fantastic news for the local community – Ego is a Victorian manufacturing success story which has grown to become Australia’s largest privately-owned skincare manufacturer since it was established in Melbourne in 1953”.
All its 120 skincare products are developed, made and tested in Victoria and it employs 370 staff and exports to 23 countries.
The IMT program is a key initiative of the Victorian Coalition Government’s Manufacturing Strategy to see Victoria remain a global hub of excellence in manufacturing and a rich source of jobs, with profitable large and small businesses and substantial exports.
The grant is used to invest in new technologies to enhance their business performance and provide significant benefits to the Victorian and local economies.