Bombardier Aerospace to Establish its Moroccan Facility in the Greater Casablanca Region
19 June 2012 - 1:12AM
Marketwired
Further to the announcement last November of its decision to
establish a manufacturing facility in Morocco, Bombardier Aerospace
confirmed today that it has signed an agreement with Midparc
Investment S.A., a Moroccan property holding and management
company, to purchase from them the land required for its new plant
in the Midparc Casablanca Free Zone, in Nouaceur.
"The selection of Nouaceur as the site for our fully integrated
manufacturing facility is an important first step in the successful
establishment of Bombardier Aerospace in Morocco," said Guy C.
Hachey, President and Chief Operating Officer, Bombardier
Aerospace. "The site met our stringent requirements and high
standards and we look forward to the start of the construction and
production of the first Moroccan-built Bombardier aircraft
components.
"We are committed to our long-term relationship with the
Moroccan Government to develop a world-class aerospace industry and
to serve as a catalyst for this industry in the country," added Mr.
Hachey.
"We are proud of the confidence shown by Bombardier, the launch
customer of the Midparc Casablanca Free Zone, a new integrated
industrial platform linked to the industrial development plan and
dedicated to aerospace, defense and on-board electronic safety
industries," said Benbrahim El Andaloussi, Midparc President, the
Moroccan company responsible for the development of this free zone
and affiliated with Midparc Investment.
Bombardier Aerospace intends to invest approximately $200
million US in equipment, buildings and start-up costs over the next
eight years. Construction of the facility will take place in phases
starting in 2012. Capabilities at the new plant, which will
complement Bombardier Aerospace's existing manufacturing sites,
will initially include sub-assembly for simple structures. Details
on the type of components to be manufactured are being
finalized.
By the end of 2020, employment at the Morocco facility is
expected to reach approximately 850 trained employees.
The Midparc Casablanca Free Zone was selected because of its
proximity to Casablanca, in western Morocco, a city which offers
quality industrial and educational infrastructures, including the
Institut des Metiers de l'Aeronautique (IMA).The Mohammed V
International Airport in also located in Nouaceur.
Bombardier Aerospace selected Morocco for a number of reasons,
including the internationally competitive manufacturing costs, low
shipping and transportation costs and proximity to Europe.
About Bombardier
Bombardier is the world's only manufacturer of both planes and
trains. Looking far ahead while delivering today, Bombardier is
evolving mobility worldwide by answering the call for more
efficient, sustainable and enjoyable transportation everywhere. Our
vehicles, services and, most of all, our employees are what make us
a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are
traded on the Toronto Stock Exchange (BBD) and we are listed on the
Dow Jones Sustainability World and North America indexes. In the
fiscal year ended December 31, 2011, we posted revenues of $18.3
billion USD. News and information are available at
www.bombardier.com or follow us on Twitter @Bombardier.
Bombardier is a trademark of Bombardier Inc. or its
subsidiaries.
Contacts: Haley Dunne Bombardier Aerospace +1-514-855-7989
www.bombardier.com
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