Triumph Group Establishes Manufacturing Capability in Zacatecas, Mexico

Dépèche transmise le 18 mars 2009 par Business Wire

WAYNE, Pa.--(BUSINESS WIRE)--Triumph Group, Inc. (NYSE:TGI) today announced that it will establish a new manufacturing facility in Zacatecas, Mexico to complement its existing manufacturing sites. Triumph’s investment is initially expected to amount to as much as $20 million over the next 24 months and will involve a significant number of its operating companies and a wide range of capabilities and technologies. Employment at the facility, which will be ramped up over time, could reach 400 people over the next two years. The company 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. It is expected that the facility will be accretive to earnings in late fiscal year 2011.

Richard C. Ill, Triumph’s President and Chief Executive Officer, said, “We are very pleased to be partnering with the Mexican Federal government and the State of Zacatecas in their commitment to grow the aerospace industry in Mexico. This strategic initiative will allow us to better manage our production costs in a competitive global market and to effectively increase capacity at our existing domestic plants. The combination of the savings and capacity expansion will enable Triumph to continue its profitable growth. The funding of a qualified aerospace school by our partners will help us accomplish our goals and grow our Mexican facility.”

The company will address the financial impact on its fiscal year 2010 when it gives its initial guidance in late April, 2009.

Triumph was advised by The Everest Group on this project.

Triumph Group, Inc., headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls aircraft components and accessories. The company serves a broad, worldwide spectrum of 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.

More information about Triumph can be found on the Internet at http://www.triumphgroup.com.

Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the amount and timing of Triumph’s investment, the nature of the work to be performed at the new facility, the potential number of employees, whether and when the new facility will be accretive to earnings, and expectations of future cost savings, capacity expansion, growth and profitability. All forward-looking statements involve risks and uncertainties which could affect the company’s actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph’s reports filed with the SEC, including our Annual Report on Form 10-K for the year ended March 31, 2008.

Business Wire

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