As part of Continental Motors Group’s ongoing effort to modernize its North American operations, the company announced Sept. 11 that it had signed a letter of intent with Stonemont Financial Group and Clayco Inc. to “finance, design, and build” its new Mobile, Alabama, facility estimated at $25 million.
During EAA AirVenture in July, Continental President and CEO Rhett Ross said the company hoped to break ground in October and start construction on the state-of-the-art facility in November. The company seems to be on track, announcing Sept. 11 that it plans to break ground in late 2017.
The 250,000-square-foot facility will house Continental’s engine and parts manufacturing systems as well as corporate offices. Continental said the building should be complete by the fall of 2018.