W.E. Smith back on track
COFFS Harbour manufacturing firm W.E. Smith is diversifying into new technologies, after bouncing back from a challenging 2015.
The Boambee-based company has secured various contracts while competing for future work in both domestic and international markets.
It comes after unpaid wages for 83 employees were recently reimbursed, without the need for enforcement action by the Fair Work Ombudsman.
W.E. Smith last year experienced cash flow problems and had delayed payments from clients.
Now, it's chief executive William Van Vliet said the company's financial position had improved and is engaged in various projects on existing and new contracts.
"We're moving forward with our restructuring plan and brining new technologies into the company to allow it to be more competitive in the market place," he said.
W.E. Smith is currently completing contracts for exchange equipment that will be used within the domestic energy industry.
The company is also looking to bid for future work on components for the Australian Government's submarine fleet.
"We've put our name out there and there's a lot of work on the submarine project that could be done inside Australia that would be cost effective and employ people in the community," Mr Van Vliet said.
As well as manufacturing, the business also designs heat exchange equipment.
W.E. Smith is also looking to diversify into the renewable energy sector.