Magellan Constructs New Plant in India
AERO INDIA 2017, Bangalore, India – Tuesday, 14 February 2017 — Magellan Aerospace (“Magellan”) announced today plans to construct a new manufacturing and assembly facility in India. The new 140,000 sq. ft. building will be constructed on seven acres in the Aerospace Special Economic Zone near the Bangalore International Airport. Magellan expects to break ground for the new facility in June 2017.
Magellan will invest more than CDN $28 million in this state-of-the-art manufacturing and assembly plant, which will be constructed in three phases. When the first phase is commissioned near the end of 2017, it will employ approximately 120 engineers, machinists, procurement professionals, and quality and management personnel and be equipped with a full suite of 5-axis machining centres.
Mr. Phillip Underwood, President and Chief Executive Office of Magellan Aerospace said, “Magellan’s expanding footprint in India, and increasing spectrum of capabilities, reflects the company’s commitment to provide competitive solutions for major commercial customers.”
The new manufacturing and assembly facility will enable Magellan to support the production of larger work packages for major structural assemblies, fabrications, and machined components for the global market.
About Magellan Aerospace
Magellan Aerospace is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India.
Forward Looking Statements
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Mr. Haydn Martin
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