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Smiths Aerospace, part of the global technology business Smiths
Group, today announces a $16 million investment to expand their
turbine engine components facility in Asheville, North Carolina. The
investment is underpinned by long range contracts and growth
opportunities from key customers. The additional facility will expand
Smiths workforce in Asheville to more than 500 within five years. In
addition to Asheville, which currently employs 312 people, Smiths has
a second aerospace engine components business in West Jefferson, N.C.,
with 75 employees.
"We are pleased to grow our business in North Carolina for the
second time in 18 months based upon a skilled and competitive work
force with excellent community college training programs," said Dale
Collins, General Manager of Smiths Aerospace Components -
Asheville/West Jefferson. "This new facility is adjacent to our
existing site in Asheville and provides for the consistent flow of
processes and best practices between the two operations."
The new 90,000 square foot facility is located at 601 Sweeten
Creek Industrial Park in Asheville and will support employees who
manufacture precision engine components, with first shipments
anticipated in June 2007. The expansion facility is being acquired to
accommodate the growing demand from Smiths' customers and an increased
need for precision manufactured turbine engine components for all
major military and civil aircraft and engine manufacturers.
Smiths Group is a global technology company, listed on the London
Stock Exchange. Smiths Group is a world leader in the practical
application of advanced technologies. Its products and services make
the world safer, healthier and more productive. Smiths Group has four
divisions: Aerospace, Detection, Medical and Specialty Engineering. It
employs 32,000 people and has over 250 major facilities in 50
countries. On 15 January 2007 Smiths Group announced the sale of
Smiths Aerospace to General Electric Company (GE), which remains
subject to regulatory approvals. For more information visit
www.smiths.com
Smiths Aerospace, a part of Smiths Group plc, is a leading
transatlantic aerospace systems and equipment company, with more than
11,500 employees and $2.4 billion revenues globally. The company holds
key positions in the supply chains of all major military and civil
aircraft and engine manufacturers and is a world-leader in electrical
power, digital and mechanical systems, engine components and customer
services. www.smiths-aerospace.com
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