Geelong’s specialist aftermarket wheel design and manufacturing business Carbon Revolution will boost its output by 15 times what it currently produces.
New export contracts secured by the company will see production swell from 10,000 to 150,000 lightweight carbon fibre wheels by 2023.
The increase in supply will allow Carbon Revolution to add 7000 square-metres of production space and another 500 staff in the coming years.
The growth is spurred by a $100 million expansion, of which the Andrews Labor government has offered a pre-election contribution, and the private company is considering a public float to raise the capital, Fairfax Media reports.
Carbon Revolution chief executive Jake Dingle says: “Having a world leadership position means we get to tie up customers and give them what they want first – and hopefully that leads to more and more from the same customers and more new customers as well.”
Some of Carbon Revolution’s OEM customers include Ford’s Shelby Mustang in 2015 and Ferrari’s 488 supercar, as well as the Audi R8, BMW M3 and M4, Lamborghini Gallardo, McLaren MP4-12C, Nissan GTR, Porsche Cayman and 911 and Chevrolet Z06.
Carbon Revolution’s wheel designs are highly sought for their single-piece low unsprung weight advantage, sometimes 40-50% lighter than conventional aluminium wheels.
Carbon Revolution is the world’s first company to produce the single-piece carbon fibre design on a large commercial scale.
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