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Héroux-Devtek announces major investment at Kitchener landing gear facility

Héroux-Devtek Inc. (TSX: HRX) a leading Canadian manufacturer of aerospace and industrial products, today announced an important investment program at its Kitchener, Ontario landing gear facility. The program involves a total investment of $26.5 million to support its world class international customers. The Kitchener facility, Héroux-Devtek's centre of excellence in the fabrication of medium to large size landing gear components, currently employs 160 people.

The Ontario government will provide a financial contribution of $3.975 million in support of the project aimed at fostering innovation and further enhancing the facility's global competitiveness. Héroux-Devtek's wide-ranging investment program includes the purchase of state-of-the-art, highly automated equipment and the modernization of existing equipment. Such initiatives will also allow the Company to provide more value-added to its customers by fabricating increasingly large and complex major landing gear components.

"This investment program is another key milestone in the ongoing development of our Kitchener facility," said Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek. "Héroux-Devtek is committed to providing the very best quality and service for its customers and to continually invest in state-of-the-art technology and the skills of its employees. This program highlights the strategic importance of Kitchener for the Company's development and further solidifies our status as the third largest landing gear manufacturer in the world."

"Working with companies like Héroux-Devtek to stay at the forefront of their field helps keep our manufacturing sector competitive and attract jobs and investment to the province," added Sandra Pupatello, Minister of Economic Development and Trade of Ontario.

Press release issued by Heroux Devtek on May 10, 2010


 Contact details from our directory:
Heroux Devtek Aircraft Landing Gear, Hydraulic Actuators, Rotor Hub Assemblies, Torque Tube Drives, Aircraft Structural Components, Engine Parts, Wings, Fuselage Sections, Helicopter Landing Gear, Avionics Racks, Mechanical Actuators


 Related directory sectors:
Landing Assemblies

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