MIRABEL, April 19 /CNW Telbec/ - Sonaca NMF Canada net earnings amounted
to $1,9 million in 2006 compared to a loss of $2,3 million in the previous
year. Total revenue reached $35 million, representing an increase of 7% over
2005. These results primarily reflect the growth of orders for the
manufacturing of wing panels from the company's major customers: Bombardier,
Mitsubishi Heavy Industries, Embraer and Israel Aircraft Industries.
Sonaca NMF Canada manufactures wing panels for the regional and business
jet markets as well as structural parts for the civil aviation industry. In
2003, the company took full control of assets and commercial contracts from
NMF Canada which had filed for bankruptcy protection under the Canadian
Bankruptcy and Insolvability Act.
Since the acquisition, Sonaca NMF has obtained new commercial programs,
consolidated its operations, restored its financial structure and has secured
230 specialized jobs in Quebec. Other important progresses during 2006 have
been made to improve its productivity and to enhance the profitability of its
"Sonaca NMF Canada has regained its leadership position in the
manufacturing of wing panels. We are very proud of our 2006 financial results
which can be attributed to the efficient measures put in place to ensure a
profitable direction for the company. These measures also affirm our
competitiveness in the aerospace industry worldwide." according to Philippe
Hoste, Chief Executive Officer at Sonaca NMF Canada.
To benefit from the increase in orders in the regional and business jet
markets and to meet the growing demand from its existing customers and
prospects, Sonaca NMF intends to continue investing to enhance its production
capacity at its Mirabel plant.
About Sonaca NMF Canada
Sonaca NMF Canada is a subsidiary of Sonaca S.A of Belgium. The company
manufactures aerospace structures for the civil aviation industry. Its core
business involves the development, forming and assembly of wing panels for
regional and business jet markets. Sonaca NMF Canada's clients are the most
important manufactures of regional and business jets in the world. Sonaca NMF
is located in Mirabel, Quebec, where it employs 250 people.
About Sonaca S.A
SONACA S.A. is an aerospace construction company located in Gosselies, in
the south of Belgium. It is the parent company of a group of companies located
in Brazil, Canada and the United States. The SONACA Group employs more than
2,400 people around the world.
SONACA's core business is the development, manufacturing, assembly and
test of aerospace structures and their associated subsystems. Thanks to its
involvement in civil contracts for AIRBUS, EMBRAER, DASSAULT AVIATION,
BOMBARDIER and IAI/GULFSTREAM, and in both military and space programs, SONACA
is now recognized worldwide for its know-how and active participation in the
development of new technologies. For more information on Sonaca, visit:
For further information:
For further information: Philippe Hoste, Chief Executive Officer, Sonaca
NMF Canada, (450) 434-6114 Ext: 700, Fax (450) 434-5658,