More than 60 new jobs to be created in northern Adelaide as Supashock expands
More than 60 new jobs will be created as suspension engineering and manufacturing company Supashock transforms and relocates, with help from $2 million in State Government funding.
Starting off supplying suspension products for Formula One cars, the company is now a supplier for V8 supercars, commercial vehicles, defence vehicles and medical devices, with employment growth of about 50 per cent each year, for the past four years.
$2 million in State Government funding, through the Future Jobs Fund and the Automotive Supplier Diversification Program, will foster further employment growth by helping Supashock to increase production capacity, and invest in new engineering and manufacturing capabilities.
Supashock has received $1.5 million through the Future Jobs Fund, which was established by the State Government to support the development of globally competitive industries and industrial capabilities within South Australia.
In addition, Supashock has received $500,000 through the Automotive Supplier Diversification Program, which was established to support eligible automotive suppliers to diversify and secure alternative revenue streams for a sustainable future.
Supashock is consolidating its operations, and moving from Magill to northern Adelaide.
Treasurer Tom Koutsantonis said Supashock will re-locate to northern Adelaide – the engine room for innovation and advanced manufacturing in South Australia – to help them expand and to foster collaboration with other, likeminded companies.
Supashock Managing Director Oscar Fiorinotto said Supashock is an innovative, engineering and technology based company with enormous potential in Australia and globally.
“Our growth will be determined by our capacity to respond to the rapidly growing demand for our state of the art intelligent suspension systems,” Mr Fiorinotto said.
“This SA Government grant will enable Supashock to relocate and significantly expand its production and employment as the first stage of a planned global growth strategy for the company that will be centred in South Australia.”