# Otway Precast plans $2.5M new facility for GFRC production

Otway Precast is on the verge of investing $2.5 million into a new facility to produce glass-fiber reinforced concrete (GFRC) products, aiming to increase turnover and staff.

- Type: Investment
- Announced: 2018-12-04
- Where: Cola, Victoria, Australia
- Value: $1.80M (2.50M AUD)
- Status: announced
- Products: precast concrete products, glass-fiber reinforced concrete panels
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Otway Precast](https://endata.com/companies/35904.md)

## Sources

- [actioncoachgeelong.com.au](https://actioncoachgeelong.com.au/weve-expanded-and-profits-have-increased/), 2018-12-04: "We’re on the verge of investing $2.5 million into a new facility, to better our turnover and increase more staff."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.