The $5 million was allocated under the government's Investment Attraction Fund.

The funds will be used to further upgrade manufacturing equipment and processes at the Perth facility.

Previous upgrades have led to a lift in output and product suite expansion at the facility, with Austin recently launching an ultra-lightweight high performance truck tray that could carry additional ore tonnes per annum, due to its lighter weight and increased volume efficiency.

Austin has also expanded its manufacturing capacity space through the integration of Mainetec, with Mainetec's high performance bucket range being produced in Perth.

The company also has new equipment condition monitoring software available on its excavator bucket range.

Austin managing director and chief executive officer David Singleton said continued investment into advanced manufacturing and technology in WA would create more local jobs and deliver world-class designed and engineered products to mining customers.