700 Qenos Jobs Lost Due to Gas Bans by Andrews
The major cause of the closure is the increasing gas price in Victoria from shrinking supplies caused by a lack of gas exploration banned by Andrews.
Bullshit - it's been moving closer and closer towards a basket case for years - WAY WAY WAY before Dan Andrews
In 2000, Qenos announced it would close its $35 million expansion at Fisherman's Bend in Melbourne, citing a "shrinking local market for synthetic and low-density" products.
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This was part of a broader wave of manufacturing job losses in the Australian state of Victoria at the time.
In 2024, Qenos called in voluntary administrators after its former Chinese owners sold the company, indicating ongoing financial pressures.
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So the search results suggest Qenos started experiencing business difficulties in the early 2000s, with the company citing a shrinking local market and facing competitive pressures that led to job cuts and the abandonment of expansion plans.
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The company's recent move to voluntary administration in 2024 further suggests it has continued to face financial challenges over the past two decades.
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