Sat, Oct 29, 2005
Announces New Turbine Components Plant In West Jefferson
Smiths Aerospace says it will invest
$44 million in a new turbine engine components facility in West
Jefferson, North Carolina. Smiths says the investment is
underpinned by long range contracts from key customers. The new
facility expands Smiths workforce in North Carolina to nearly 400,
with the opportunity to double its growth within five years. In
addition to West Jefferson (which will initially employ 100
people), Smiths has a second aerospace engine components business
in Asheville, NC, with 295 employees.
The new facility is being built to accommodate the growing
demand from Smiths' customers and an increased need for precision
manufactured turbine engine components for all major military and
civil aircraft and engine manufacturers.
"We are pleased to grow our business in North Carolina which
offers a skilled and competitive work force with excellent
community college training programs," said Dr. Peter Wright,
President of Smiths Aerospace Components. "This new facility will
be in close proximity to our existing site in Asheville and
provides for the consistent flow of processes and best practices
between the two operations." Smiths Aerospace Components -
Asheville has earned a global reputation for its excellence in
machining complex aircraft engine components and has grown revenue
four fold during the past 10 years.
The new 128,000 square foot facility is located at 4 The
Professional Drive in West Jefferson and will support employees who
manufacture precision engine components, with first shipments
anticipated in February 2006.
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