Foxfire 5 Ironmakers plans to get a $15 million infusion from the federal government to expand its ironmaking operations.
The company will add a new ironmaking facility in South Australia, which will make up about 5 per cent of its workforce, with the aim of ramping up production to 30 per cent by 2020.
Foxfire is looking to increase the capacity of its South Australian plant from 1,200 workers to as many as 3,000.
It will also open another production facility in Adelaide, which it said could be ready to meet the demand for 5-inch and 6-inch forged iron in the future.
The government will pay $3 million to Foxfire to fund the project.ABC/ReutersTopics:business-economics-and-finance,mining-industry,government-and/or-politics,industry-and
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