Business

Future now looks quite favourable for Rockhampton's QMAG

DESPITE job losses in 2013, the CEO of a multi-national company that operates QMAG said workers should not have to fear more cuts this year.

Sibelco Australia Limited CEO and managing director, Campbell Jones, was in town yesterday to speak at the Business Leaders Series Forum, hosted by Capricorn Enterprise.

Sibelco is processor and supplier of raw materials for primary industries including glass, mining, agriculture and construction, and acquired QMAG Limited in 2012.

Rockhampton's QMAG base is a magnesia production facility, and despite around 40 job losses last year, Mr Jones said the outlook this year was relatively stable.

"It's been a little bit of a rollercoaster with the first year. It was very tough with the downturn in Europe affecting the sales," he said.

"This year is looking much better, so Sibelco continues to look for more opportunities in the region."

However, he stopped short of saying they may be hiring more workers in the future.

At the forum, Mr Jones spoke about megatrends and aligning businesses with growth markets, and how to change business models to opportunities.

"I think the removal of the carbon tax… is a good positive step, because it does make us more competitive on a global scale," he said.

Topics:  business, capricorn enterprise, mining, qmag



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