50 SKY SHADES - World aviation news

ST Engineering's Aerospace Arm Establishes New Site For Components Manufacturing

Download: Printable PDF Date: 20 Jun 2016 14:26 category:
Publisher:
ST Engineering's Aerospace Arm Establishes New Site For Components Manufacturing - Maintenance / Trainings publisher
Krista Kuznecova
Country: Singapore Aircraft: Airplanes

Singapore Technologies Engineering Ltd’s (ST Engineering) aerospace arm Singapore Technologies Aerospace Ltd (ST Aerospace) today announced that its subsidiary Elbe Flugzeugwerke GmbH (EFW) will be setting up a new subsidiary in Kodersdorf, Germany, with a planned equity of €5.5m (approximately S$8.5m).

The new company will be responsible for the production of lightweight components, mainly comprising floor panels and cargo linings, for single aisle Airbus aircraft. The facility will supplement EFW’s existing production line in Dresden, Germany, as EFW expands its component production business.

Occupying a land area of 30,000sqm, with planned investment of about €40m (approximately S$61.5m), the new facility will house a component manufacturing factory, furnished with new equipment and toolings. Component production at the new facility is planned to commence by first half of 2018. The new subsidiary is expected to create about 100 new jobs by end 2018.

Based in Dresden, Germany, EFW is a 55:45 joint venture of ST Aerospace and Airbus Group. EFWcombines various aviation and technology activities under one roof, including passenger-to-freighter aircraft conversions, maintenance and repair of Airbus aircraft, and the development and manufacturing of flat fibre-reinforced composite components for structures and interiors of the entire Airbus family of aircraft. It is the exclusive supplier of composite flat sandwich panels to Airbus.

The setting up of the new company is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.



Loading comments for ST Engineering's Aerospace Arm Establishes New Site For Components Manufacturing...


Recommended

New Singapore Airlines A380 takes to the skies

First aircraft delivered with carrier’s latest cabin products and innovations  Singapore Airlines has taken delivery of the first of five new A380 aircraft scheduled to join the carrier&...

Aero-Dienst completes 120-month Global XRS check for Global Jet

Aero-Dienst, Nuremberg, completed the most comprehensive maintenance event on a Global Express XRS to the customer’s satisfaction. The workscope of the 120-month inspection included the dism...

airBalticTraining Pilot Academy Opens Application Process

The Latvian airline airBaltic today, on December 11, 2017, opens application process for candidates to the airline’s newly established Pilot Academy at airBalticTraining. Persons selected will b...

For Third Consecutive Year Deer Jet wins as “World’s Leading Private Jet Charter”

The World Travel Awards (WTA), the travel industry’s leading awards programme, reunited hundreds of leaders representing the best of the world’s hospitality for a glamorous night at the JW...