LISI Aerospace Canada, a subsidiary of France’s LISI Aerospace group, has just opened a new plant to manufacture titanium assembly components for the global aerospace industry. Thanks to its $12.1-million investment, the company expects to hire about a hundred workers over the next three years.
Investissement Québec granted the subsidiary a $3-million loan to support the expansion project in the greater Montréal area.
“Working closely with our business prospecting partners, we pulled out all the stops to help LISI Aerospace Canada pursue its Québec expansion plans and stand out within the LISI Aerospace group,” said Pierre Gabriel Côté, President and CEO of Investissement Québec. “By making the most of its strengths and Québec’s competitive advantages, LISI was able to showcase its expertise and make good on its plans.”
LISI Aerospace Canada, which is also celebrating 10 years in Québec, hopes to increase its production capacity by roughly 40% and position itself as the group’s leading integration centre. “With our world-renowned, state-of-the-art expertise, we are able to design and manufacture high-quality precision fasteners for aircraft and engine components while protecting them from oxygen, nitrogen, hydrogen and carbon contamination during the forging process,” added Jean-Louis Colders, President and CEO of LISI Aerospace.
About LISI Aerospace Canada
Created in 2005 by LISI’s Aerospace division, LISI Aerospace Canada manufactures high-performance aerospace fasteners for aircraft and engine components. The LISI Group is a global leader in the design and production of assembly solutions with high added value.