Aviation news analysis
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

Airbus exhibits ACJ319 at NBAA show

Highlights full-size living space in a private jet Airbus Corporate Jets (ACJ) is displaying an ACJ319 at the NBAA[1] show, highlighting the full-size living space on offer. Operated by K5 Aviation...

MSB Global Resources recruitment team solving recruitment puzzle at NBAA

The Wichita, KS., office of Sogeclair Aerospace, MSB Global Resources, (MSB) will make its debut during NBAA18, booth 1468, as the team brings its recruitment-puzzle solving skills to the event....

Bell and Yamato announce strategic collaboration to transform on-demand delivery service

 Bell Helicopter and Yamato Holdings Co., Ltd. announced their strategic collaboration for the future of civilian aerial logistics. Together they aspire to be a global leader in el...

Russia’s first Boeing 737MAX delivered

Deliveries of Boeing’s new 737MAX family of the re-engined narrow-body aircraft to Russia began. Today, October 13, the first Boeing 737MAX-8 aircraft with a tail number VQ-BGW, painted in a gre...