The M&W Industrial Equipment Group is looking to the future after the closure of its entire facility in Melbourne’s CBD last year.
The M&Ws Industrial Distillery, located in Westfield East, is the company’s largest export export plant in the country and it was the second largest distillery in Australia last year with production capacity of 5.7 million litres.
But in October last year the company announced it would close the plant, citing low demand for its product.
“It’s a difficult situation,” said Chief Operating Officer and General Manager of the M&w Industrial Distillation Group Andrew Dank, who is now looking for new ways to make the business work again.
“We need to take on some of the new challenges we’ve seen recently, which is manufacturing our own ethanol.”
Mr Dank says it is likely to take two to three years to find a buyer for the company, but it is unlikely to be an easy sell.
“When it comes to the industry, you have to keep your fingers crossed, because if you sell it, then you lose it,” he said.
“You’re looking at a business that has been there for over 40 years, so you’ve got to make sure it’s still going strong.”
To make sure that our employees are well paid, and that they’re able to support their families, then it’s an absolute no-brainer that they have to stay.
“The MwIs Industrial Distilling Group has been in business since 1873, and it is one of the most successful distilleries in the world, producing over 10 million litres of ethanol annually.”
For us it’s a fantastic honour to have such an important role in the history of the industry in Melbourne,” said Mr Dank.”
Our business is really recognised around the world and in Australia.
“He said the move to modernise would mean new equipment would be sourced from overseas.”
The new equipment that we’ve got, it’s actually going to be a great benefit to the workers who are going to have to go to the distillery to get their ethanol,” he added.”
Because it’s not going to cost them a lot of money to do that.