Singapore Technologies Aerospace (ST Aerospace) today reported 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 USS$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 30,000 m², with planned investment of about €40m (approximately USS$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. EFW combines 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.
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ST Engineering's Aerospace arm establishes new site for components manufacturing
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