Budget Paper 1994-95 No.6 Northern Territory Economy
Tabled Paper 2156
Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT
Tabled by Barry Coulter
Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.
Food and beverage processing are also significant manufacturing industries within the Territory. This largely represents milk, fruit juice, soft drink, bread, poultry and beef processing. These commodities are produced largely for consumption in the Territory, the exception being beef which accounts for a significant share o f the Territory primary industrys exports. Trade Development Zone The Trade Development Zone (TDZ), located on East Arm near Darwin, was established in 1986. There are currently 11 enterprises operating in the TDZ providing employment for 150 persons. Products include corrugated cardboard packaging, textiles, printing, clothing, fish emulsions and protective coatings for industrial pumping equipment. Service enterprises also operate in the TDZ providing colour separation and repro graphics, freight forwarding, software development and computer programming. Outlook British Aerospace has indicated it is interested in commencing operations in the Territory TDZ during 1994/95 to service defence force hardware. To what extent this will boost Territory manufacturing and provide employment is yet to be seen. Goldchill Pty Ltd. is currently negotiating with the TDZ on the establishment o f export oriented brewing facilities. The company is seeking to establish operations in the Territory to take advantage o f Darwins close proximity to the export markets o f South East Asia. Firm proposals have also been put forward by Hydromet Corporation Ltd. for the establishment o f a hydrometallurgical facility in the Top End which would reprocess smelter residue. Building activity in the Territory is expected to show modest growth in 1994/95 which will have a positive impact on output o f metal fabricators servicing the construction industry. Modest population growth can be expected to support continued growth in food and beverage processing. The Australian Bureau o f Agriculture and Resource Economics forecast an improvement in world aluminium prices during the latter half o f 1994/95 which may stimulate increased alumina processing at Gove. M anufacturing in the Territory will undoubtedly increase in the future as the local market for output grows and initiatives, such as the Commonwealth Governments commitment to Darwin as a gateway to Asia, provide additional stimulus for local manufacturing activity. Manufacturing 7 2