Thread: Omega Engineering in liquidation

As in the maker of the Stubby Lathes??

Originally Posted by brendan stemp

As in the maker of the Stubby Lathes??

The one and only. Yes Brendan.

#### there goes stubby.
I know he's been trying to sell the rights to make stubby for some time

Thats a bugga

Needs someone with a bit of spare cash to pick it up and keep that quality of lathe going

Originally Posted by brendan stemp

As in the maker of the Stubby Lathes??

I'm not sure they're going into liquidation. If you look at the website, there is a paragraph:

OPORTUNITY --- Due to ill health I have decided to offer the USA patent for our OMEGASTUBBY LATHE for immediate sale to the best reasonable offer. This offer would suit either a current USA machinery manufacturer , or company wishing to manufacture off shore and sell in USA , UK and Canada . Please submit offers to [email protected]

Sad.

Very sad indeed.

Back in October last year an application for the winding up of Omega Tool & Engineering Pty. Ltd. was commenced by the Deputy Commissioner of Taxation.

A search now shows that they are Under External Administration And/Or Controller Appointed.

They may be allowed to try and trade out of it but IMO very unlikely. Probably a fire sale of the assets followed with a quick winding up.

Peter.

I reckon Julia's left it a little too long to save manufacturing in this country - sad day

Bugger.

Originally Posted by TTIT

I reckon Julia's left it a little too long to save manufacturing in this country - sad day

Very very sad to see another small manufacturer of quality tools go. And we spend huge bucks propping up multi nationals manufacturing vehicles ... doesn't seem right at all.

When you see, feel and use a Stubby, you're left in no doubt that this is a fine lathe. Superior in every way. If Omega go down the tubes and the Stubby dies then it only leaves us with one option in Australia, Vicmarc.

If I had the money, I'd probably buy it. Vern is right, another kick in the guts for Australian manufacturing. Canberra is a ship of fools, no matter whose in.

I know it is easy to blame "Canberra" for the failure of yet another manufacturing company, but to be fair none of us know why this company failed.

It looks like the owner has some health problems and that may well be the cause, or it may have failed because it is manufacturing a (very) high priced product with a limited market in this country.

On a side note, manufacturing in this country has been on a long downward slope that started in the 70s when manufacturers lived in fairy land behind ridiculously high tariff walls erected by Black Jack McEwen.
That resulted in industry not having to invest in new machines and processes because they were protected from overseas competition.

When the might of Chinese manufacturing arrived and tariff walls were demolished Australian industry was hit by a double whammy from which it has never recovered.

Add to this the fact that so much of manufacturing in this country was owned by multi national corporations who simply departed the scene for lower cost countries and it paints a very dismal picture.

Originally Posted by Big Shed

Add to this the fact that so much of manufacturing in this country was owned by multi national corporations who simply departed the scene for lower cost countries and it paints a very dismal picture.

It does Fred. However why isn't Australian manufacturing supported like it is in other nations?

Not a lot of us have tons of money left over after our bills get paid to buy what we'd like.
So we go for the best we can afford at the time, that unfortunately usually means asian made.

very unfortunate.

"And then there was one".

A sad day for woodturners.