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Industry Minister welcomes $380 million expansion by AMCOR



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Media Release

Minister for Industry, Science and Tourism John Moore

4/96

INDUSTRY MINISTER WELCOMES $380 MILLION EXPANSION BY AMCOR

The Federal Industry Minister, John Moore, today welcomed AMCOR’s announcement o f a $380 million investment in new fine paper making facilities in Victoria and Tasmania.

“This project will provide jobs, make a significant contribution to import replacement and use plantation forest and re-cycled papers,” Mr Moore said.

“It is very much the sort o f project we want to encourage. It shows the confidence major companies have in investing in Australia” .

AMCOR’s expansion program will increase its capacity to manufacture uncoated printing and writing papers at its Maryvale Mill near Traralgon in eastern Victoria. An upgrade o f the company’s Burnie and Wesley Vale mills in Tasmania will allow the manufacture a larger proportion of high-value coated papers.

“The investment in Maryvale will cut the balance of payments deficit by $250 million a year from 1998 when the new machine becomes operational,” Mr M oore said.

The Tasmanian expansion will focus on coated papers and will also involve import replacement.

The Maryvale project alone will provide employment for up to 250 people in the Latrobe Valley, with another 250 people directly employed during the construction period due to commence in the second half o f 1996.

The Maryvale installation will use a natural gas fired boiler and steam turbine cogeneration system to supply steam and power required by the expansion.

“This initiative by AMCOR is a major investment in value adding which will result in significant production o f printing and writing papers and valuable import replacement,” Mr Moore said.

The paper will be produced from eucalypt pulp manufactured at Maryvale and from recycled office waste processed and upgraded at Australian Paper’s Fairfield Mill.

To support the increased production at Maryvale, Australian Paper plans to increase its eucalypt plantations in Victoria by 150 per cent. This will involve an expansion program which will proceed with Victorian and local governments, landowners involved in farm forestry and community land support groups.

Contact: CMR006

Paul Malone Mr M oore’s Office 06 277 7580

Keith Croker DIST 06 276 1660