Triumph Group Plans Mexico Manufacturing Plant
According to Triumph, the move and will involve "a significant number of its operating companies and a wide range of capabilities and technologies." Employment at the facility, which Triumph said will be "ramped up over time," could reach 400 people over the next two years.
The company said is in the process of finalizing the order and timing of the investment, which will be the first investment in the newly established Zacatecas Aerospace Park. The facility is expected to be accretive to earnings in late fiscal year 2011, according to Triumph.
The company will address the financial impact on its fiscal year 2010 when it gives its initial guidance in late April, 2009.
Wayne, Pennsylvania-based Triumph Group designs, engineers, manufactures, repairs and overhauls aircraft components and accessories. The company serves various players in the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
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