12th Mar 2007 14:00
Smiths Aerospace, part of the global technology business SmithsGroup, today announces a $16 million investment to expand theirturbine engine components facility in Asheville, North Carolina. Theinvestment is underpinned by long range contracts and growthopportunities from key customers. The additional facility will expandSmiths workforce in Asheville to more than 500 within five years. Inaddition to Asheville, which currently employs 312 people, Smiths hasa second aerospace engine components business in West Jefferson, N.C.,with 75 employees. £ "We are pleased to grow our business in North Carolina for thesecond time in 18 months based upon a skilled and competitive workforce with excellent community college training programs," said DaleCollins, General Manager of Smiths Aerospace Components -Asheville/West Jefferson. "This new facility is adjacent to ourexisting site in Asheville and provides for the consistent flow ofprocesses and best practices between the two operations." £ The new 90,000 square foot facility is located at 601 SweetenCreek Industrial Park in Asheville and will support employees whomanufacture precision engine components, with first shipmentsanticipated in June 2007. The expansion facility is being acquired toaccommodate the growing demand from Smiths' customers and an increasedneed for precision manufactured turbine engine components for allmajor military and civil aircraft and engine manufacturers. £ Smiths Group is a global technology company, listed on the LondonStock Exchange. Smiths Group is a world leader in the practicalapplication of advanced technologies. Its products and services makethe world safer, healthier and more productive. Smiths Group has fourdivisions: Aerospace, Detection, Medical and Specialty Engineering. Itemploys 32,000 people and has over 250 major facilities in 50countries. On 15 January 2007 Smiths Group announced the sale ofSmiths Aerospace to General Electric Company (GE), which remainssubject to regulatory approvals. For more information visitwww.smiths.com £ Smiths Aerospace, a part of Smiths Group plc, is a leadingtransatlantic aerospace systems and equipment company, with more than11,500 employees and $2.4 billion revenues globally. The company holdskey positions in the supply chains of all major military and civilaircraft and engine manufacturers and is a world-leader in electricalpower, digital and mechanical systems, engine components and customerservices. www.smiths-aerospace.com Copyright Business Wire 2007Related Shares:
Smiths Group