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Wednesday, June 8, 2011

Airline Industry Continues to Form in Mexico

Heroux-Devtek Inc (TSX:HRX), a Canadian manufacturer of aerospace and industrial products, announced in 2011 that it will build a new manufacturing facility in the Queretaro Aerospace Park in Mexico.
The project has received all required approvals from local authorities is expected to start production in early 2012.
The company, Heroux-Devtek, will invest up to 20 million CAD over the next three years to build a 47,200 square foot facility equipped with state-of-the-art machinery for producing aerostructure components. A future phase could see the plant expanded to 150,000 square feet, providing the company with the capability to manufacture and assemble aerostructure and landing gear systems.

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