BWX, which owns the Sukin skin care brand, has launched a $50m equity raising to fund the construction of a new manufacturing, warehousing, and office facility in Victoria.
The company expects the new facility to be open and operational by December 2021.
BWX group chief operations officer and managing director for APAC Rory Gration said the facility is expected to significantly boost BWX’s in-house manufacturing capacity and competitive advantage; provide up-skilling opportunities for employees; and enhance the ways the company serves its retail partners, customers and consumers.
“Importantly, this initiative supports local manufacturing and Australian jobs at a time when the retail landscape is being heavily disrupted, and as more companies look to future-proof their business models,” Gration said.
“As part of this significant investment in Australian manufacturing, we are working with the government to look to broaden the scope and speed of how we implement this exciting project.”
BWX said the new facility would deliver production efficiencies to scale current and future volumes; improved quality and consistency of product through modern compounding facilities; risk mitigation and enhanced control over end-to-end supply chain; and enhanced commitment to sustainability.
