Manufacturing in the Central West region is well developed with a legacy of large scale process based manufacturers and a move towards higher value added manufacturing utilising new technologies.
The Central West has a high level and diverse range of successful manufacturers in the region with domestic and global markets including Nestle Purina, Thales, Devro, Simplot, MSM Milling, Roche, Mars Petcare, Borg and Forestry Corporation of NSW. The region also boasts a strong base in wine production.
There are niche firms in the Central West region which are well placed to produce high value advanced manufacturing goods. An example is Thales, a manufacturer of defence, aerospace and space, security, and transport products for markets in Australia and internationally.
There are several examples of innovative, smaller scale manufacturers across the Central West region in Cowra, Condobolin, Lake Cargelligo and other centres.
Source: NSW Central West Region Export/Import Contribution Study, 2014
The Manufacturing sector continues to be an important industry within the Central West, providing skilled jobs and positive economic multiplier effects.
The sector imported the largest value of goods and services from outside of the region which indicates potential for this sector to be serviced by locally based businesses.
The Gross Regional Product contribution from manufacturing is $727.52 million, accounting for 7.5% of the region’s GRP, equal to the State average.
The Manufacturing sector employed approximately 6,416 residents in 2011 representing 8.8% of the region’s resident workforce.
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Industry Gross Regional Product Contribution
The Manufacturing sector accounted for 7.5% of the region’s GRP.
The import value of the Manufacturing sector represents 15.8% of total imports.
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The export value of the Manufacturing sector represents 11% of total exports.
Business entities are actively trading in the Manufacturing sector.
People are employed in the Manufacturing sector.
Sources: ABS, NIEIR, A.P. SHEERE CONSULTING, NSW Central West Region Export/Import Contribution Study, 2014.
The Manufacturing sector imported the most in terms of goods and services from outside the region indicating potential for growth in this sector and businesses servicing the sector locally.
- Food processing opportunities capitalising on the region’s local food production, which may include both primary processing of broadacre crops and livestock.
- Value-added production of local agricultural product into food for export is also a potential avenue.
- Opportunities for niche businesses producing high value advanced manufacturing goods.
- Oportunities to compete in specific niche sectors, where a competitive advantage exists.
Source: NSW Central West Region Export/Import Contribution Study, 2014, A.P. SHEERE CONSULTING