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$15 million Melbourne investment

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A $15 million investment in new cable production facilities at its Lilydale plant in Victoria has reaffirmed Olex 's commitment to remaining a world-class, Australian-made cable manufacturer.

Olex has been producing cables in Australia for over 60 years and holds a unique position in the cable market as the only truly Australian manufacturer.

Olex's new Low Voltage Building Wire Plant at Lilydale was officially opened by the Victorian Minister for Manufacturing and Export, Andre Haermeyer MP, on 26 August 2005.

The new cable manufacturing facility will further enhance Olex's global competitiveness by increasing the Lilydale site's cable production output by $80 million.

The $15 million plant upgrade is part of a commitment to remaining an Australian owned and made cable manufacturer according to Olex's Managing Director, Andrew Stobart.

"Unlike many of our competitors - who sell cable locally but manufacture outside Australasia - Olex's firm intention is to continue producing high-quality cable in Australia and New Zealand," Mr Stobart said. "While others go offshore, Olex invests in Australia and New Zealand. Olex is most certainly "Australian Made, Australian Proud."

Olex's Lilydale plant has been automated to produce power cable for the building and construction markets utilising world's best practice manufacturing techniques. The factory now incorporates special custom-designed features including one-of-a-kind automated product packaging that was developed with the combined know-how of Olex engineering staff and packaging specialists.

The upgrade has also helped boost local employment by creating jobs with an approximate annual value of $5 million in wages for an extra 69 machine operators.

Many of these Olex employees have benefited from training under a $100,000 Community Regional Industry Skills Program (CRISP) grant from the Victorian Ministry of Manufacturing.

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