LISI Aerospace invests $12 M+ in titanium plant
- June 1, 2015
LISI Aeorspace, Montreal, QC, is investing more than $12 million in a new production line that will make titanium assembly components for the global aerospace industry.
The investment will allow the company to hire 116 skilled workers over the next three years and maintain approximately 60 jobs in Dorval in Greater Montreal.
Using an innovative fastener technology, LISI Aerospace Canada will be able to meet increasing demand from aircraft manufacturers for titanium or titanium alloy parts and strengthen the competitiveness of the entire Canadian aerospace industry.
"The new plant will help LISI Aerospace Canada increase its production capacity by around 40% and position itself as the group's main integration centre," says Jean-Louis Colders, CEO of LISI Aerospace. "Thanks to our globally recognized cutting-edge expertise, we can design and produce top-quality, highprecision parts used to hold plane or engine components together, by protecting them from contamination with oxygen, nitrogen, hydrogen or carbon during the forging process."
Colders thanked the governments of Québec and Canada for their respective financial contributions.
Montréal International, the economic driver of Greater Montréal, is confident that the company's offer will enhance and complete the value chain of Greater Montréal's aerospace industry.
"By creating new jobs and fostering the transfer of expert knowledge, this investment will strengthen the competitiveness of Canada's aerospace industry in an extremely promising technology niche," says Dominique Anglade, president and CEO of Montréal International. "LISI Aerospace will find everything it needs in Greater Montréal: a highly skilled workforce, competitive costs and a very supportive environment for R&D," she added.
Greater Montréal is a world leader in aerospace alongside global centres like Seattle and Toulouse. Québec's aerospace industry ranks fifth in the world for number of jobs, behind the United States, France, Great Britain and Germany. Accounting for more than 43,500 jobs and over $12 billion in sales, the province's industry is a network of prime contractors, top-rated equipment manufacturers and close to 200 small businesses.