Zodiac Aerospace and Embraer announce joint venture

Washington DC
Source:
This story is sourced from Pro
See more Pro news »

Zodiac Aerospace and Embraer will launch a new joint venture in Mexico to manufacture cabin interior parts for Embraer 170/190 regional jets and future aircraft.

"This facility in Mexico will be used to manufacture interiors for our current family of E-Jets and new interiors for tomorrow's aircraft," says Artur Coutinho, Embraer's COO, in a statement. Coutinho says that Embraer and Zodiac will use the opportunity to manufacture "new state of the art products" that the two companies will develop together.

Embraer declines to give further details on where in Mexico the facility will be located and its operational start date. A statement from Zodiac Aerospace says that the deal was reached on 30 May.

Zodiac says that its aerospace segments have seen organic growth of 17.3% in the first nine months of its 2011-2012 financial year, which began in September 2011. Growth is measured against the same period during its 2010-2011 financial year.

Zodiac's cabin interiors segment experienced 14.8% in organic growth, which jumps to 18.9% when excluding business from the rail sector. The cabin interiors segment increased by 26.8% to €1.52 billion ($1.9 billion) when incorporating an exchange rate impact of 2.6 points and the consolidation of Heath Tecna and Contour Aerospace. It says that its cabin systems segment is especially benefitting from business driven by seats and cabin systems.