View printer-friendly versionDucommun Incorporated Announces New Manufacturing Facility in Thailand
LOS ANGELES, California (February 21, 2006) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun Technologies, Inc. (DTI) subsidiary has established a subsidiary in Thailand for the production of aircraft and microwave components and subsystems for commercial aircraft and communication networks. DTI has established an office in Bangkok and has signed a long-term lease with PV Group Ltd. for a facility specifically designed to meet its production requirements. The facility is located in Saraburi, approximately two hours north of Bangkok. DTI is developing the site to accommodate future expansion of the facility as required to meet the growing needs of the marketplace.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased to announce the establishment of Ducommun Technologies (Thailand) Ltd. The new production facility will allow DTI to increase its productivity and competitiveness which will enable DTI to seek new business in the global marketplace. This facility will lay the groundwork for Ducommun Incorporated to evaluate enterprise wide new productivity initiatives and will be the foundation for our offshore expansion.”
Ducommun Technologies designs, manufactures and integrates complex mechanical and electromechanical subsystems, as well as a variety of components and services for the defense, electronics and commercial aviation industries.
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, 2004 and Form 10-Q for the quarter ended October 1, 2005 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 Technologies (Thailand) Ltd. The new production facility will allow DTI to increase its productivity and competitiveness which will enable DTI to seek new business in the global marketplace. This facility will lay the groundwork for Ducommun Incorporated to evaluate enterprise wide new productivity initiatives and will be the foundation for our offshore expansion.”
Ducommun Technologies designs, manufactures and integrates complex mechanical and electromechanical subsystems, as well as a variety of components and services for the defense, electronics and commercial aviation industries.
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, 2004 and Form 10-Q for the quarter ended October 1, 2005 for a more detailed discussion of these and other risk factors and contingencies.