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Manufacturing Opportunities- Stable highly skilled workforce
- Low labour costs
- Low taxes
- Supply chain opportunities with innovative companies
- Maintenance and service opportunities
Investors in Tasmania benefit from low labour costs, low levels of labour turnover and industrial disputation, low land costs, low energy costs and the second lowest tax level of all Australian states and territories.
All this makes Tasmania the perfect location for manufacturing investors. Manufacturing continues to be a major industry sector in Tasmania, in terms of both its financial contribution and employment. It has an industry turnover of approximately A$6.6 billion and contributes A$2.4 billion to the Gross State Product - almost 15 per cent of the state’s economy. It provides jobs for about 24,500 Tasmanians and recent trends show steady employment growth in the sector.
The largest contributing sectors to manufacturing turnover and employment are food, beverages, wood and paper products, metal products, machinery and equipment. In addition, innovative supply chain manufacturers and maintenance and service companies are thriving in Tasmania because of the existing major players such as Nyrstar, Comalco, Norske Skog and Cadbury. Tasmanian manufacturers are recognised globally as very innovative and productive in the export sector with typical sales of over A$500 million per year in underground mining equipment and fast ferries.
