Spanish aviation components manufacturer Aernnova Aerospace SA plans to construct a new composite parts production plant in the Mexican state of Querétaro.
The 204,500-square-foot facility is being built by the Alava-based company's composite materials subsidiary, Aernnova Composite. It is part of a $103 million investment in Mexico, which includes three separate plants planned during the next five years.
Last year another group offshoot, Aernnova Aerostructures, which makes structural components including aircraft wings, nacelles and fuselage sections, inaugurated a $47.5 million plant in Querétaro city.
The Spanish company's composites division, a leading Tier-1 supplier to the aeronautical sector, provides a range of lighter-weight fiber-based aircraft parts, largely made of carbon fiber, Aernnova said.
The firm has three other operations in Spain. Those manufacturing centers are at ICSA in Toledo; Fibertecnic in Vitoria and Coasa in Orense in the northwest of the country. The parent also runs engineering units in Ann Arbor, Mich., and São José Dos Campos, Brazil.
The company has established customers including Boeing, Airbus, Bombardier, Embraer and Sikorsky.
Financing by funding from the Foreign Investment Fund will account for 65 percent of the fixed assets investment of the project over the period of 2009-11, according to Aernnova.
Formerly known as Gamesa Aeronautica SA, the company was formed in 1993.
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