Composites Horizons, an AIP Aerospace Company, is Recognized by the LAEDC for Job Creation in L.A. County

LOS ANGELES, Feb. 11, 2015 /PRNewswire/ -- The Los Angeles County Economic Development Corporation (LAEDC) announced on February 3rd the 200,000^th job saved or attracted in LA County since the inception of its Business Assistance Program 1996. 

Designed to provide free-of-charge, on-the-ground business assistance, the program has assisted thousands of businesses – large and small – to overcome challenges, helping them move to, expand and hire in L.A. County.

The LAEDC reached the milestone by assisting Composites Horizons, a Covina-based aerospace company, which builds high-temperature advanced ceramic and carbon fiber composite products for jet engines.

"We needed to do a third major expansion and with each expansion we always weigh either moving out or staying here (in L.A. County) and adding another building," stated company CEO Jeff Hynes. "We had a number of hurdles to overcome, with approvals and permits, and trying to do all of this with such a tight deadline to begin production. But the LAEDC brought the city manager and the head of the building permit department to our company and also got me an audience with the city council and mayor. We bought the new building in November 2013 and started production in April of 2014."

And, the expansion is paying off. Hynes says he's planning to hire more workers.

"We'll be adding 50 more this year and we'll be at 500 employees by about 2018," he said.

To help mark the milestone, CHI was presented with a plaque commemorating their 30 years of business in the San Gabriel valley. Commenting at the ceremony, Board of Supervisors member Hilda Solis, a former US Congresswomen and former Secretary of Labor, recalled visiting CHI over 10 years ago and on how pleased she was to see their growth and continued service to the local and US economy.   

Speaking about this historic milestone, LA County Supervisor Michael D. Antonovich, an early champion of LAEDC when the County created it in 1981, noted, "I am very pleased by the progress that LAEDC has brought to our county by the retention and expansion of 200,000 jobs.  It's very important we have these public-private partnerships that will bring vitality and jobs, opportunity and growth to the County of Los Angeles, benefiting not only the County but the entire region."

For additional information see the following link to the Pasadena Star-News:

http://www.pasadenastarnews.com/business/20150202/la-county-economic-development-corp-saved-and-attracted-200000-jobs-for-la-county

For information on the Los Angeles Economic Development Corporation see the following link:

http://laedc.org/

ABOUT COMPOSITES HORIZONS
Composites Horizons, LLC (CHI), an AIP Aerospace Company, is a Covina, California-based manufacturer of high technology composite components and assemblies, primarily used for high temperature engine or nacelle applications in the aerospace industry. 

http://www.chi-covina.com

ABOUT AIP AEROSPACE
AIP Aerospace is one of the premier aerospace integration and automation provider with the largest independent aerospace tooling capability and suppliers of high temperature composite parts, critical components, transparencies, and coating technologies. Our strategically aligned Tooling Group, Integration and Automation Group, and Composites Components companies harness the unrivaled expertise of our dedicated industry professionals and state-of-the-art facilities across the United States. For more information, please visit us at: http://www.aipaerospace.com

Important Note:
This press release contains statements on future developments that are based on currently available information. It involves risks and uncertainties that could lead to actual results deviating from these forward-looking statements.  The statements on future developments are not to be understood as guarantees. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in budgetary policies and product sourcing strategies, the company's competitive environment, the terms and timing of awards and contracts, and economic conditions. Coast Composites undertakes no obligation to update any forward-looking statements.

SOURCE AIP Aerospace

Related Links

http://www.aipaerospace.com