Metal engraser maker Metal Engraving Machine (MEMC) is cutting $600 million to build an all-new machine, which could be used for metal cutting and engravers.
The $1.8 billion machine is being built at the same time as a new machine being developed to handle metal work.
MEMC chief executive Peter Williams said it was a step forward in cutting costs.
“We’re trying to get this new machine into the field as quickly as possible, and I think it’s an important one that can deliver higher quality at a lower cost,” Williams said.
Metal work is a $100 billion industry in Australia.
The machines will cut, paste, polish and engrave metals, and it’s estimated that $700 million of that could be spent on the new machine.
“That’s a lot of money, so what we’re doing is looking at the next generation of the machine, so we’ve been very clear with our partners on where we need to improve,” Williams added.
“The machines that we’re building are going to be built with advanced materials, and we’ve also been looking at what are the next steps in metal work.”
In an interview with the ABC in October, Williams said the new machines would have to be more efficient, because metal engrasing is one of the more complex processes to do.
“There are different things that we have to take into account with our machines.
We’re looking at new materials, we’re looking for things that will allow us to produce metal at a higher quality,” he said.”
It’s a very expensive process.
It takes a lot out of the hands of the operator.”
Williams said the MEMC was looking at improving its efficiency as well as reducing the number of machines needed to cut metal.
“I think what we’ve tried to do is to look at our machines to see how we can make them better, and the new equipment we’re going to introduce next year is going to make them even better,” he added.