MIRABEL, QC, Oct. 11 /CNW Telbec/ - Sonaca NMF Canada announces today an
investment of $17 Million to expand its operations and its manufacturing plant
This initiative is motivated by the positive outlook of the industry and
by the upsurge in orders for existing programs from its major customers:
Bombardier, Mitsubishi Heavy Industries, Embraer and Israel Aircraft
Sonaca NMF Canada manufactures and assembles wing panels as well as
structural parts for the aviation industry worldwide.
The plant's total size will grow from 130,000 to 215, 000 square feet and
the production capacity will increase between 30 and 50% depending on the
sector of activity. This will allow the start-up of new manufacturing programs
and will improve the company's overall product offering by allowing for the
manufacture and assembly of larger components. It will also enable Sonaca NMF
to produce more integrated parts than elementary pieces.
"This investment will allow us to consolidate our role as an integrator
and confirm our leadership in the manufacturing and assembly of wing panels
and structural parts for the aviation industry worldwide. Our increased
production capacity and the technological enhancement of our installations
will be a factor in recognising Sonaca NMF as a major player in the Quebec
aerospace industry." according to Philippe Hoste, Chief Executive Officer at
Sonaca NMF Canada.
Sonaca NMF Canada has been awarded the Quebec Aerospace Association (AQA)
Enterprise of the Year Award for 2007. This recognition is attributed to the
company's overall accomplishments, to the growth of its earnings and exports
and to the exceptional development of its overall business activities.
This expansion is done in partnership with Investissement Québec and the
Economic Development Agency of Canada who have respectively granted loans of $
2 Million and $1 Million to the corporation. The remainder of the financing
will be obtained from Sonaca NMF's financial partners, notably, Le Fonds de
solidarité FTQ and GE Capital.
The announcement was made in presence of the Minister of Economic
Development, Innovation and Export Trade, Minister of Tourism, and Minister
responsible for the Montréal region, of Jacques Gourde, Member of Parliament
for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the
Honourable Jean-Pierre Blackburn, Minister of Labour and Minister of Canada
Economic Development, and of Michel Lauzon, substituting Mayor of Mirabel.
Through this investment, Sonaca NMF will substantially increase its
earnings, is expected to create 75 new jobs by 2009, and will generate
important economic impacts for the greater Montreal area.
About Sonaca NMF Canada
Sonaca NMF Canada is a subsidiary of Sonaca of Belgium. The company
manufactures aerospace structures for the aviation industry. Its core business
involves the development, forming and assembly of aircraft wing panels. Sonaca
NMF Canada's clients are the most important manufacturers of regional and
business jets in the world. Sonaca NMF Canada is located in Mirabel, Quebec,
where it employs 250 people. For more information on Sonaca NMF Canada, visit
our new Internet site: www.sonacanmf.com
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: www.sonaca.com.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
the CNW Photo Network and archived at http://photos.newswire.ca.
Additional archived images are also available on the CNW Photo Archive
website at http://photos.newswire.ca. Images are free to accredited
members of the media/
For further information:
For further information: Philippe Hoste, Chief Executive Officer, Sonaca
NMF Canada, (450) 434-6114 Ext: 700, Fax: (450) 434-5658,