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
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.
- 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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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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