Coalition delivers $3 million for world-leading research project
Wednesday, 8 May 2019
The Liberal Nationals Government will invest three million dollars towards a major research project led by Wagners Composite Fibre Technologies (CFT) that will help further develop world leading next generation composite civil engineering products.
Federal Member for Groom John McVeigh joined representatives of Wagners CFT to announce the funding today through Round 6 of the Coalition Government’s Cooperative Research Centres (CRC) Program.
“Wagners CFT has already pioneered the use of composite materials around the world. This important $10.3 million research project will be conducted over three years and will support significant growth in domestic and international markets,” he said.
“By using a holistic engineering approach the research team hope to optimise the existing composite pultrusion process for increased productivity and further develop novel value-added products such as, fire retardant civil structures to be used in rail and pedestrian bridges.
“These advanced structures are expected to capture new high value markets in the oil and gas and transport industries both in Australia and internationally.”
Executive General Manager of Wagners Composite Fibre Technologies Michael Kemp said the funding will support cutting-edge innovation and development.
"This project will enable Wagners to optimise the pultrusion process for higher productivity so that Wagners can stay competitive not only in Australia, but in a global market. It also ensures manufacturing is leading edge and innovative right here in regional Queensland,” he said.
"The improved technology developed throughout the course of this project with Allnex Resins Australia and the University of Southern Queensland will drive new product creation and give Wagners a highly technical advantage."
Dr McVeigh said round six of the Cooperative Research Centres program had been highly competitive and highlighted the quality of the application from Wagners CFT.
“I congratulate Wagners CFT on the success of their application. It is one of 19 successful partnerships across Australia in the sixth project round, which was the most competitive to date,” he said.
“These industry-led partnerships will improve the competitiveness, productivity and sustainability of Australian industries, and create more jobs.
“Small and medium businesses are the backbone of our economy and this investment will help businesses grow, find new market opportunities and bring significant returns to Australia.”
Funding is open to all industry sectors and research disciplines and is awarded through a competitive merit based selection process.
More information on the successful applicants and the CRC Program is available at https://www.business.gov.au/Assistance/Cooperative-Research-Centres-Programme/Cooperative-Research-Centres-Projects-CRC-Ps/Current-CRC-P-selection-round