Oji Fibre Solutions (OjiFS) has opened its new A$72m ($56.10m) manufacturing plant for the production of corrugated board in Yatala, Brisbane, Australia.

The new factory is the state’s first production facility that has been opened using the A$65m ($50.64m) investment from the Palaszczuk government through its Advance Queensland Industry Attraction Fund.

Constructed by 300 workers, the Yatala plant is capable of manufacturing 1km-long cardboard every three minutes to deliver corrugated packaging products for fruit and produce, meat, industrial, fast-moving consumer goods, paper products and consumer durables.

Queensland development, manufacturing, infrastructure and planning minister Cameron Dick said: “This is a prime example of how our government is driving economic and regional growth by creating new high-value jobs, increasing capital expenditure, building supply chains and encouraging innovation.

“The Palaszczuk government’s facilitation services and incentives were instrumental in Oji building this highly automated facility in South East Queensland.”

“The Palaszczuk government’s facilitation services and incentives were instrumental in Oji building this highly automated facility in South East Queensland – a project, which is boosting the local economy and is set to benefit Queensland’s primary producers by creating increased competition in the A$2bn ($1.55bn) packaging sector.”

OjiFS chief executive officer Dr Jon Ryder said that the new factory will facilitate the development of latest products in order to address the growing industry requirements.

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The plant will also support a new packaging concept for Queensland’s banana industry using in-house design and laboratory testing, along with customer field trials.

Ryder added: “The Yatala operation is expected to create on-going supply chain opportunities for around 50 local businesses in the plumbing and electrical, machining and fabrication, machine parts and servicing, and general service industries.”

Dick also said that the current project is one of eight industry attraction fund projects announced by the Queensland government.

The project is expected to further invest more than A$230m ($179.21m) in Queensland and create 490 new direct job opportunities in the region over the next five years.