September 28, 2017 Continental Motors Group Announces Developer/Contractor Partnership for New Facility
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.
“We look forward to partnering with Continental Motors Group on the design and construction of their new manufacturing facility,” said Clayco Executive Vice President & Shareholder Anthony Johnson. “Our commitment to Continental Motors is to collaborate closely with their team to create a manufacturing environment that optimizes their quality, safety, and productivity each and every day.”
“The fact that Continental Motors, a major international corporation, has committed to this substantial investment to build its brand new, world-class manufacturing facility and corporate headquarters in Mobile is certainly a great source of pride for our city and for the Mobile Airport Authority. It speaks volumes about our community and our thriving local economy. The Airport Authority staff and Board of Directors enjoyed working with the team of investors involved to facilitate this investment at the Mobile Aeroplex at Brookley.”
Stonemont Financial Group Quote:
“We are pleased to be partnering with Continental Motors and Clayco on this mission critical project. It is exciting to be a part of this facility that will be transformative for our client’s operations.
AVIC® International Holding Corporation was set up in 1979, with majority shares owned by Aviation Industries of China (AVIC®). Headquartered in Beijing, the whole assets of AVIC® International are up to 250 billion RMB. The company has over 80,000 employees across 400 subsidiaries and is located in over 50 countries, has eight list companies. AVIC International is a well-diversified company, with holdings in International Civil Aviation, Trade & Logistics, Retail & High-end Consumables, Real Estate and Hotel Management, Electronics Manufacturing, and Natural Resource Development. More information can be found at www.avic-intl.cn.
Continental Motors Group, Ltd. of Hong Kong, China is a subsidiary of AVIC® International Holding Corporation of Beijing, China. Its mission is to provide advanced gasoline and diesel (jet fuel) piston engine products, spare parts, engine and aircraft services, avionics equipment and repairs as well as pilot training for the general aviation marketplace. Continental is an international operation employing approximately 450 team members in Mobile and Baldwin counties, Alabama, USA; 200 team members in St. Egidien, Germany; and eight team members in Beijing, China. More information can be found atwww.continentalmotors.aero
Stonemont Financial Group is a private real estate investment firm headquartered in Atlanta, GA, providing its investors attractive risk-adjusted returns by investing across a broad spectrum of asset classes and geographies. Stonemont acquires single-tenant, mission critical assets by working with Corporate Users on their real estate financing strategy, specifically providing capital through build-to-suit and sale/leaseback solutions. Since its inception, Stonemont has been committed to developing lasting relationships with its clients by building and preserving wealth through quality real estate investments. Stonemont’s founders and managing principals have a track record of over 20 years and $18 billion invested.
Clayco is a full-service, turnkey real estate, architecture, engineering, design-build and construction firm that delivers clients around the world the highest quality solutions on time, on budget and above and beyond expectations. Founded in 1984, we partner with our clients, consultants, suppliers, subcontractors and communities to deliver building solutions of the highest standard. With over $1.691 billion in revenue for 2016 and more than 1,785 employees across the country, Clayco specializes in the “art and science of building,” providing fast-track, efficient solutions globally for commercial, institutional, industrial and residential building projects.
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