ACL Bearing Company has reopened its Launceston plant, manufacturing high quality bearing products for high performance engine platforms.
ACL Bearing Company ceased operation in July 2014 but in September of that year was sold to US based company, ACL Distribution Inc.
Their return from closure, after 65 years of operation in Launceston, is expected to employ up to 40 former workers.
Chris Brooks, general manager of ACL Bearing Company Australia, said preparations for recommencement of operations are progressing well.
“We are very pleased to be able to employ many past employees who have many years of service and engineering and manufacturing experience,” Mr Brooks said.
The company will operate out of two factories, at Mowbray and Rocherlea, and primarily focus on the manufacturing of the globally acclaimed ACL RACE series performance engine bearings.
Liberal Member for Bass Michael Ferguson said the reopening of ACL Bearing Company demonstrates that there is a strong future in Tasmania for advanced manufacturing.
“This is a significant jobs boost for the northern economy,” Mr Ferguson said.