$15 Million ABGF Investment Fuels Innovation in Carpet Manufacturing with Modra

Tuesday, 3 September 2024, 17:00

ABGF has announced a $15 million investment for Modra, a pioneer in carpet innovation. This funding aims to enhance production efficiency and innovation.
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$15 Million ABGF Investment Fuels Innovation in Carpet Manufacturing with Modra

ABGF Investment Overview

The Australian Business Growth Fund (ABGF) is catalyzing advancements in the carpet manufacturing industry with a substantial $15 million investment in Modra, led by CEO Tim Modra. This funding will significantly impact the speed and efficiency of carpet prototyping.

Modra's Role in Carpet Innovation

Founded in 1993, Modra has positioned itself at the forefront of the carpet industry, developing solutions that transform traditional carpet production. The investment from ABGF will allow Modra to further refine their processes and introduce cutting-edge technologies.

Benefits of the Investment

  • Increased Efficiency: Streamlining production methods.
  • Enhanced Innovation: Pioneering new carpet designs.
  • Market Expansion: Positioning for broader market reach.

Future Prospects

The partnership between ABGF and Modra marks a significant milestone in strengthening the Australian carpet manufacturing sector. Continued progress in innovation will ensure competitiveness on a global scale.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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