View printer-friendly version Ducommun Incorporated Announces New Manufacturing Facility in Mexico
LOS ANGELES, California (June 26, 2007) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures (DAS) subsidiary has established a subsidiary in Mexico for the production of aircraft structural components and subassemblies for commercial aircraft. DAS has established an office in coordination with The Offshore Group in Mexico, and has signed a long-term lease for a purpose built facility specifically designed to meet its unique production requirements. The facility is located in Guaymas, in the Mexican State of Sonora, approximately five hours south of San Diego on the eastern shore of the Gulf of California. DAS is developing the site to accommodate future expansion of the facility as required to meet the growing needs of the global marketplace and expects to initiate production during the fourth quarter of this year.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased to announce the establishment of Ducommun AeroStructures (Mexico) Ltd. The new production facility will allow DAS to increase its productivity and competitiveness which will enable DAS to seek new business in the highly competitive global aerostructures marketplace. This facility will complement our existing Thailand facility opened last year and allow us to evaluate new productivity initiatives across the Company.”
Ducommun AeroStructures manufactures large, complex structural components and assemblies in aluminum, specialty alloys such as titanium, metal bond and composites for a wide variety of military and commercial aerospace applications.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services for the aerospace and defense industry.
The statements made in this press release include forward-looking statements that involve risks and uncertainties. The Company’s future financial results could differ materially from those anticipated due to the Company’s dependence on conditions in the airline industry, the level of new commercial aircraft orders, production rates for Boeing commercial aircraft, the C-17 and Apache helicopter rotor blade programs, the level of defense spending, competitive pricing pressures, manufacturing inefficiencies, start-up costs and possible overruns on new contracts, technology and product development risks and uncertainties, product performance, risks associated with acquisitions and dispositions of businesses by the Company, increasing consolidation of customers and suppliers in the aerospace industry, possible goodwill impairment, availability of raw materials and components from suppliers, and other factors beyond the Company’s control. See the Company’s Form 10-K for the year ended December 31, 2006 and Form 10-Q for the quarter ended March 31, 2007 for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased to announce the establishment of Ducommun AeroStructures (Mexico) Ltd. The new production facility will allow DAS to increase its productivity and competitiveness which will enable DAS to seek new business in the highly competitive global aerostructures marketplace. This facility will complement our existing Thailand facility opened last year and allow us to evaluate new productivity initiatives across the Company.”
Ducommun AeroStructures manufactures large, complex structural components and assemblies in aluminum, specialty alloys such as titanium, metal bond and composites for a wide variety of military and commercial aerospace applications.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services for the aerospace and defense industry.
The statements made in this press release include forward-looking statements that involve risks and uncertainties. The Company’s future financial results could differ materially from those anticipated due to the Company’s dependence on conditions in the airline industry, the level of new commercial aircraft orders, production rates for Boeing commercial aircraft, the C-17 and Apache helicopter rotor blade programs, the level of defense spending, competitive pricing pressures, manufacturing inefficiencies, start-up costs and possible overruns on new contracts, technology and product development risks and uncertainties, product performance, risks associated with acquisitions and dispositions of businesses by the Company, increasing consolidation of customers and suppliers in the aerospace industry, possible goodwill impairment, availability of raw materials and components from suppliers, and other factors beyond the Company’s control. See the Company’s Form 10-K for the year ended December 31, 2006 and Form 10-Q for the quarter ended March 31, 2007 for a more detailed discussion of these and other risk factors and contingencies.