ADS Associes Sets Up Composite Material Development Centre.QUEBEC, Quebec--(BUSINESS WIRE)--March 5, 1996--ADS ASSOCIES LTEE LTEE - Limitee (French: Limited Company)(ME: AAL AAL - American Airlines AAL - Aalborg, Denmark - Aalborg (Airport Code) AAL - Above Aerodrome Level AAL - Acceptable Ambient Level AAL - Acceptable Ambient Limit AAL - Account Access Layer AAL - Active Alarm List AAL - Additional Adoption Leave (UK) AAL - Additional Authorizations List AAL - Aero Acoustic Levitation AAL - Aid Association for Lutherans AAL - Aircraft Approach Limitation AAL - Aircraft Assignment Letter ) ADS associes ltee is pleased to announce that its subsidiary Beauce Beauce (bōs), region, in Orléanais, N France, in the Paris Basin, between the Seine and Loir rivers. It now comprises Eure-et-Loir dept. and parts of Loiret and Loir-et-Cher. It is the "granary of France"—a vast, limestone plateau where corn, wheat, beets, potatoes, barley, and oats are grown. Composites Inc. completed acquisition of the Centre d'Etude des Materiaux Plastiques Belanger Ltee on March 1, 1996. With this transaction, Beauce Composites Inc. secured the services of Germain Belanger as a consultant in composite materials for its current customers as well as the support of a technical team with broad experience in developing new markets and processes. The transaction will result in investments of more than $500,000 in robotics and laboratory equipment by the Group. Operations will be headed up renowned composite materials expert Germain Belanger and will get underway by springtime. Five to eight people will be employed at first, all specialists in composite materials (engineers, chemists, technicians, etc.). The Centre's mission will be totally focused on customer support, staff training and the analysis and development of new materials and processes to increase the Group's industrial market penetration. ADS is a holding company mainly involved in the manufacturing sector through subsidiaries operating in the field of technical textiles and composite materials. It also has holdings in the construction engineering sector. Company shares are quoted on the Montreal Stock Exchange under ticker symbol AAL. CONTACT: ADS associes Ltee Mr. Paul Drouin, Eng. Chairman and Chief Executive Officer 418/626-3383 |
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