The entire western part of the suburb comprises the Altona North Industrial Precinct, which is home to significant industrial activity, including construction, logistics, manufacturing and heavy industry.
ExxonMobil's Altona Refinery, one of two
oil refineries in Victoria, is located in the suburb's south-east. Altona North was home to the
Don Smallgoods factory from 1970 to 2011 when it closed and amalgamated into the KR Castlemaine factory in
Castlemaine. This closure, performed by
George Weston Foods, which owned both companies, resulted in the loss of hundreds of jobs. In 2018 it was announced that this site would be redeveloped into a residential area. The
Toyota Australia Altona Plant is located in Altona North. Opened in 1978, Toyota vehicles were built there from 1994 until 2017 when Toyota ceased car production in Australia. As of 2023, the site was home to Victoria's only commercial hydrogen fuel station for the
Toyota Mirai, and hydrogen fuel cell generators were being manufactured there. Since 2018, parts of Altona North have been undergoing redevelopment from industrial zones to residential zones. ==Attractions==