Fokker Elmo announces its new manufacturing facility in Izmir, Turkey

Today Fokker Elmo, a division of Stork Aerospace, and the Aegean Free Zone Development & Operating Company (ESBAS) have signed the official contract for the start of a new wiring systems factory for Aircraft and Engines in the Aegean Free Zone in Izmir Turkey. The facility will manufacture wiring systems for aircraft programs of major Fokker Elmo customers like Boeing, EADS/Airbus and Lockheed Martin. The facility is expected to be fully operational in the third quarter of 2008. The facility size is approx. 8.000 sqr. Mtr (80.000 sqr. Ft) and is expected to grow to 300- 500 employees and a 50 mio Euro turnover in five years. The Stork investment in this facility is 12 mio USD. The Aegean Free Zone in Izmir has been chosen because of the good conditions that have been created for international companies in terms of business development, labour, set up time, and environment. Also the excellent cooperation with the Under Secretariat for Defence (SSM) has positively influenced the choice for Turkey and Izmir. Fokker Elmo customers Boeing, EADS and Lockheed Martin were closely involved and supportive from the start of this project. Fokker Elmo, is a Stork Aerospace operating company and internationally recognized as a prime specialist in electrical interconnection systems for aircraft and aircraft engines, the company holds a number two market position. The Izmir Facility is the fourth location of Fokker Elmo, the company already owns factories in the Netherlands, China and the USA. Jan Lagasse, Managing Director of Fokker Elmo, said: "A tremendous performance has been achieved by a large multidisciplinary Fokker Elmo team in partnership with ESBAS, SSM and our customers Boeing, EADS and Lockheed Martin. Within a very short time and working simultaneously an excellent location has been found where we can set-up our new facility and apply our proven business model. With the increased global presence and using our unique Wiring Design and Manufacturing System we can even better serve our aerospace and defence customers." Kaya Tuncer, Chairman of ESBAS, welcomes Fokker Elmo and wishes Mr. Jan Lagasse and his team success in their operations at ESBAS. He indicated that the ESBAS team will continue to provide its full support to his firm in achieving their goals Fokker Elmo will be an important addition to ESBAS's efforts to create an Aerospace, Aviation, and Avionics Cluster (AAA Cluster) at the Aegean Free Zone, Turkey's foremost, hi-tech industrial park. Mr Tuncer added that-with substantial progress being made to develop an ESBAS Technical Training Center-well-qualified labor for Fokker Elmo and other aerospace firms such as PFW and Lisi will be abundantly available in Izmir. Stork Aerospace develops and produces advanced structures and electrical systems for the aerospace industry, and supplies integrated maintenance services and products to aircraft owners and operators. In 2006 the group achieved a turnover of ¤ 548 million with 3,532 employees out of the total Stork turnover of ¤ 2.09 billion. Press information: Stork N.V. Dick Kors Tel: +31 (0)6 - 51 98 40 54