Manufacturing is an integral part of not just the Gympie economy but Australia wide. It is also central to innovation, accounting for over one-quarter of all business expenditure.
Manufacturing has leveraged the traditional primary industries to add value to the agricultural and freight and logistics sectors in the Gympie region.
The manufacturing industry contributed $217 million to the region’s economy and is the largest exporter.
The Gympie region is home to some of Australia’s market leaders in the manufacturing industry. Multinational companies, major exporters and locally owned manufacturers produce a diverse range of goods and services including heavy equipment for the mining, agricultural and transport industries as well as major timber processing and value-added products and food products. Heavy manufacturing businesses are capitalising on opportunities to supply products and services while maintaining their location in a region offering affordable land and availability of labour, while service-based businesses are exploring new boundaries in innovation and creativity. These companies and other successful regional employers are living testament to the benefits of operating in the region. Its strong economy, efficient transport network, ready supply of raw materials, stable workforce and competitively priced industrial land provide the opportunity for expansion and diversification in a wide range of manufacturing sectors.
Already one of the largest components of the regional economy, manufacturing is set for further growth due to the Gympie region’s natural competitive advantages.
- Competitively priced industrial land and lower costs of production
- Access to a skilled and experienced regional workforce with low housing costs
- A strong transport network to provide goods to market - room to expand in the future
- Sound infrastructure including reliable power and water supply
- Access to raw materials
- 1,923 persons or 11.3% employed persons worked in manufacturing in the Gympie region in 2016.
- The total output of manufacturing in the Gympie region in 2015/2016 was $667 million
- International exports accounted for 30% of sales
- There are 167 registered manufacturing businesses in the Gympie region
A key focus in manufacturing globally is on production technology and innovation. The development of new business models that leverage data and analytics and innovative pricing structures such as condition-based maintenance are examples of opportunities to enhance operational efficiency while offering an improved product and service to customers. Information technology and research and development are important investments in the manufacturing industry to achieve new growth.
- Productivity gains through innovation
- Further development of manufacturing linked to natural resources in the region (for example primary production, mining and forestry)
- Clustering with existing manufacturing organisations to drive growth
- Capitalising on a long history of successful manufacturing in the Gympie region
- Accessing land with lower acquisition and operating costs than equivalent industrial land in adjoining SEQ locations
- Opportunities for regional growth and development facilitated by the Gympie Regional Council Planning Scheme
- Capacity to plan for the future with room to grow for the next 20 to 50 years
- A sizeable business community with in excess of 4,300 businesses (including some major manufacturers) and with an estimated gross regional product of around $2.2 billion.