Published Monday, 07 April, 2008 at 04:00 PM
Premier
The Honourable Anna Bligh
IWASAKI SANGYO INVESTS A FURTHER A$100 MILLION IN QUEENSLAND
Tokyo: Construction activity and tourism are set to increase in Central Queensland with more than A$100 million injection from the Japanese company that runs Yeppoon’s Rydges Capricorn Resort.
Premier of Queensland Anna Bligh met with the President of the Iwasaki Group, Mr Yoshitaro Iwasaki on her trade mission to go over his plans for an expansion and re-development of the resort.
“Iwasaki Group plans to spend the A$100 million on a further expansion and renovation of the resort to include new apartment and villa-style accommodation,” Ms Bligh said.
“The new development will cater to both domestic and international visitors, and there are also plans for a residential development in the Rockhampton district.
“The company has a 15-year master plan in place for the resort’s future development, with expansion of their adjoining cattle grazing business from approximately 3000 to 5000 head also proposed. This expansion would improve capacity for supply of Iwasaki’s line of beef which is sold on the Japanese market.
“I look forward to the expansion plans being put into action, and to the further investment in our state from Queensland’s long-term Japanese friend and partner,” Ms Bligh said.
Iwasaki Group was founded in 1923 and employs 4000 staff worldwide. The group has had a presence in Australia since 1972, employing approximately 300 staff.
In 1996, the company donated A$200 000 to the Queensland Government to establish a Japanese Language Education Fund for secondary schools throughout Queensland, providing ongoing funding for the Iwasaki Sangyo Japanese Travel Bursaries and Achievement Awards Program.
As a result of Iwasaki’s donation, bursaries worth A$6500 and achievement awards worth A$300 are now awarded to high calibre Queensland Japanese language students wishing to improve and enhance their language skills and cultural understanding and awareness each year. To date, 22 bursaries and 47 achievement awards have been awarded.
6 April, 2008
Contact: Premier’s office 3224 4500
Premier of Queensland Anna Bligh met with the President of the Iwasaki Group, Mr Yoshitaro Iwasaki on her trade mission to go over his plans for an expansion and re-development of the resort.
“Iwasaki Group plans to spend the A$100 million on a further expansion and renovation of the resort to include new apartment and villa-style accommodation,” Ms Bligh said.
“The new development will cater to both domestic and international visitors, and there are also plans for a residential development in the Rockhampton district.
“The company has a 15-year master plan in place for the resort’s future development, with expansion of their adjoining cattle grazing business from approximately 3000 to 5000 head also proposed. This expansion would improve capacity for supply of Iwasaki’s line of beef which is sold on the Japanese market.
“I look forward to the expansion plans being put into action, and to the further investment in our state from Queensland’s long-term Japanese friend and partner,” Ms Bligh said.
Iwasaki Group was founded in 1923 and employs 4000 staff worldwide. The group has had a presence in Australia since 1972, employing approximately 300 staff.
In 1996, the company donated A$200 000 to the Queensland Government to establish a Japanese Language Education Fund for secondary schools throughout Queensland, providing ongoing funding for the Iwasaki Sangyo Japanese Travel Bursaries and Achievement Awards Program.
As a result of Iwasaki’s donation, bursaries worth A$6500 and achievement awards worth A$300 are now awarded to high calibre Queensland Japanese language students wishing to improve and enhance their language skills and cultural understanding and awareness each year. To date, 22 bursaries and 47 achievement awards have been awarded.
6 April, 2008
Contact: Premier’s office 3224 4500