LISI Aerospace Canada opens new plant in greater Montreal
To mark its 10th anniversary, LISI Aerospace Canada, a subsidiary of French group LISI Aerospace, announced an investment of more than $12 million in a new production line that will make titanium assembly components for the global aerospace industry. The investment will allow the company to hire 116 skilled workers over the next three years and maintain some 60 jobs in Dorval in Greater Montréal.
June 2, 2015 By LISI Aerospace
On hand for the announcement made by Jean-Louis Colders, CEO of LISI Aerospace, were Jacques Daoust, Minister of the Economy, Innovation and Exports, and Jean Laurin, Vice President of the Board of Directors of Montréal International and President and CEO of NKF Devencore.
Using an innovative fastener technology, LISI Aerospace Canada will be able to meet increasing demand from aircraft manufacturers for titanium or titanium alloy parts and strengthen the competitiveness of the entire Canadian aerospace industry. “The new plant will help LISI Aerospace Canada increase its production capacity by around 40% and position itself as the group’s main integration centre,” said Mr. Jean-Louis Colders, CEO of LISI Aerospace. “Thanks to our globally recognized cutting-edge expertise, we can design and produce top-quality, highprecision parts used to hold plane or engine components together, by protecting them from contamination with oxygen, nitrogen, hydrogen or carbon during the forging process,” he added.
Mr. Colders also took this opportunity to thank the governments of Québec and Canada for their respective financial contributions.
Montréal International, the economic driver of Greater Montréal, is confident that the company’s offer will enhance and complete the value chain of Greater Montréal’s aerospace industry. “By creating new jobs and fostering the transfer of expert knowledge, this investment will strengthen the competitiveness of Canada’s aerospace industry in an extremely promising technology niche,” said Ms. Dominique Anglade, President and CEO of Montréal International. “LISI Aerospace will find everything it needs in Greater Montréal: a highly skilled workforce, competitive costs and a very supportive environment for R&D,” she added.
Greater Montréal is a world leader in aerospace alongside global centres like Seattle and Toulouse. Québec’s aerospace industry ranks fifth in the world for number of jobs, behind the United States, France, Great Britain and Germany. Accounting for more than 43,500 jobs and over $12 billion in sales, the province’s industry is a network of prime contractors, top-rated equipment manufacturers and close to 200 small businesses.
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