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Brisbane company Signet has local manufacturing all wrapped up

Posted on 11/07/2016 by Rhiannon Smith
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The $7 million investment by Brisbane-based Signet in a giant Italian-made plastic extrusion machine and factory expansion will produce packaging previously being imported from Asia.

It stands six storeys high, can spit out 15 tonnes of plastic wrap daily and is a vote of confidence for Australia’s resurgent manufacturing sector.

The $7 million investment by Brisbane-based Signet in a giant Italian-made plastic extrusion machine and factory expansion will produce packaging previously being imported from Asia.

Signet chief executive Jack Winson said the lower Australian dollar had helped spur the decision by the 47-year-old packaging, paint and signage company to bring some of its manufacturing back to Australia.

The family-owned company last year opened a new factory at Wakerley, in Brisbane’s southeast, to prepare for the new 17m high machine.

“Manufacturing in Australia is difficult with all the hoops you have to go through,” Mr Winson said.

“Labour costs are still a very high component and then you have payroll tax.”

He said though, that the increasingly automated nature of advanced manufacturing had made local production more competitive.

“Labour is a fraction of the cost for the product we are making,” he said. “When considering all factors, including costs, Australian manufacturing can stack up.”

Read more on The Courier-Mail