Mobile (AL, USA), September 11th, 2017—Continental Motors Group Ltd (CMG), an AVIC International Holding Corporation company, announced today that it signed a Letter of Intent with Stonemont Financial Group and Clayco, Inc. to develop its new state of the art headquarters at the Mobile Aeroplex in Mobile, AL. Stonemont Financial Group and Clayco will serve as partners to finance, design, and build this $25 million world class manufacturing and corporate office facility.
The company’s new state-of-the-art building will be designed for lean manufacturing, engineering, and office systems. Continental® has evaluated best practices of other state-of-the-art manufacturing companies and developed an investment program that renews its commitment to market, design, certify, and manufacture aviation piston engines and parts for the global general aviation market. The new facility will be approximately 250,000 square feet (23,000 m2) with the majority being dedicated to engine and parts manufacturing.
“Continental has joined forces with the State of Alabama, the city and county of Mobile, the Mobile Airport Authority (MAA), Stonemont Financial Group and Clayco to build a world class facility that will continue to support our growth as a leader in the general aviation industry.” Said Rhett Ross, President and CEO. “This partnership and expansion will forever change Continental Motors to help us develop and bring to market new products faster and service our customers better.”
Through a competitive bid process, Stonemont Financial Group has been selected to serve as the developer to fund Continental’s new state of the art headquarters. Through its partnership with Regions Bank, Stonemont, an Atlanta-based private real estate investment firm, provides a flexible financial structure that met Continental’s long term financial objectives. Clayco was selected to be the design-builder for the project based on their capabilities as a full-service, turnkey and fully integrated
architectural engineering, process design, and construction firm that met Continental’s desire to advance its manufacturing and office capabilities to the latest lean principals. Clayco is one of the nation’s leading design builders of manufacturing facilities and brings an impressive safety record, state of the art quality control systems, and high standards for design, quality, project management, and craftsmanship to the team.
Continental Motors™ and supporting partners will break ground in late 2017. The majority of the construction work will finish in the fall of 2018, allowing the company to start transitioning to its new facility in late 2018.
