Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Monday, June 18, 2012

Bombardier Buys Casablanca Property For Aerospace Facility

MONTREAL - Bombardier says it has bought land in Casablanca's tax-free zone near the airport for its new manufacturing facility that is set to open next year.

The Montreal-based aircraft manufacturer said it signed a deal with Moroccan property holding and management company Midparc Investment S.A. for the land in a free zone in Nouaceur.

Bombardier Aerospace president Guy Hachey said the selection of the site for the manufacturing facility is "an important first step" in establishing the world's third-largest aircraft manufacturer in the North African country.

"The site met our stringent requirements and high standards and we look forward to the start of the construction and production of the first Moroccan-built Bombardier aircraft components," he stated in a news release.

Hachey said he hopes the long-term relationship will serve as a catalyst for the industry in Morocco.

Bombardier joins other aerospace manufacturers in setting up shop in Morocco, which has established an aerospace training program and offers tax incentives to attract companies. The company will pay no taxes for five years and have reduced taxes for 20 years by setting up free zones, including the one owned by Midparc.

Bombardier didn't disclose the purchase price for the land, but said it plans to invest about US$200 million in equipment, buildings and start-up costs over the next eight years.

Construction of the facility will take place in phases starting in 2012. Capabilities at the new plant, which will complement Bombardier Aerospace's existing manufacturing sites, will initially include sub-assembly for simple structures. Details on the type of components to be manufactured are being finalized.

By the end of 2020, employment at the Morocco facility is expected to reach about 850.

Bombardier said it selected Morocco because of competitive manufacturing costs, low shipping and transportation costs and proximity to Europe.

On the Toronto Stock Exchange, Bombardier shares gained three cents at C$3.94 in midday trading.

Original Article
Source: huffington post
Author: Ross Marowits

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