Florence, KY - March 24, 2008:

Parkway Products, a global leader in custom molding technologies, today announced the formation of a comprehensive aerospace molding campus in Mexico. The campus will support the growing demand for aerospace composite structures and assemblies, as well as molded aircraft engine components. Parkway has been active in the aerospace industry since the 1950s, producing various civil and military aircraft components. Parkway expanded its operations internationally by establishing a molding and assembly facility in Saltillo, Mexico, in 2001.  This facility will continue in operation, focusing exclusively on the production of aircraft engine components and assemblies. 

A second facility, located adjacent to Parkway’s existing location, has been acquired for the purpose of molding composite airframe components. Polymer-based composites are expected to capture a major presence in aerostructures, with composites taking the place of traditionally metal based materials. “The expansion of our world-class Saltillo operation builds on the success of our Erlanger, KY USA engineering and manufacturing center, as well as our existing Saltillo engine and assembly operation. This expansion enhances Parkway’s ability to support growing customer demand in the composite aerostructures segment” said Nick Bitter, vice president of aerospace, defense and specialty products for Parkway. “It also demonstrates our dedication to the production of aerospace components in the Saltillo, Coahuila, Mexico region, while maintaining the highest levels of quality and security for our OEM customers.”

The expanded Saltillo campus will maintain Parkway’s current clean room assembly and injection, compression and resin transfer molding operations, while adding multiple autoclaves, additional clean rooms and specialized material storage units, with production scheduled to begin in June 2008. Both the Erlanger and Saltillo engine facilities carry ISO 9001, AS 9100 and NADCAP 7118 certifications, with current practices also migrating to the Saltillo aerostructures facility.

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