Thebarton-based water management company Micromet is creating local jobs as international demand for their products grow.
Minister for Investment and Trade Martin Hamilton-Smith said a $20,600 State Government grant will help Micromet reach out to new markets, particularly in regions where improvement to water quality is most needed.
“The Export Partnership Program is helping South Australian exporters to explore global markets,” Mr Hamilton-Smith said.
“I’m pleased to assist companies such as Micromet, which has added two people to its workforce and plans to expand further by the end of the year.
“Micromet’s innovative water management technology is gaining attention overseas, and it has the potential to create up to 75 manufacturing jobs in South Australia in the future.
“Water management is a global challenge, with South Australian industry well placed to deliver its technology and expertise to the world, generating millions of dollars for the state’s economy.
“We are now beginning to see how our trade and investment missions into China, India, and South East Asia are benefiting local exporting businesses like Micromet.
“We have an opportunity to position the state as a leader in water management solutions and provide some much-needed assistance to fast growing regions.”
Micromet CEO Jim Townsend said the company plans to consolidate several successful export market entries and will push for exports to Europe and North America.
“We appreciate this support from the government, as it will help us focus on building our export business with new targeted marketing materials and web content,” Mr Townsend said.
“We have succeeded in selling several machines locally and have already obtained export orders and a process certification from Canada.
“We are hopeful of a successful expansion into the South East Asian market, based largely on the government’s recent trade missions.”
Micromet is one of 20 companies being offered a combined total of $450,406 in funding under the second round of Export Partnership Program.
For more information go to www.statedevelopment.sa.gov.au/epp