Aerospace Industrial Development Corp (AIDC, 漢翔航空工業), the nation’s largest civilian and military aircraft manufacturer, plans to invest NT$1.33 billion (US$42.22 million) to build a new aero-engine casing plant to cope with rising demand for new-generation and “green” aero-engines.
The company held a groundbreaking ceremony for the capacity expansion project in Kaohsiung’s Gangshan District (岡山) yesterday.
Construction may be completed by the end of this year, with the plant starting mass production in the second quarter of next year.
The plant, the company’s third, is to make next-generation aero-engine casing products, supplying the Rolls-Royce Trent XWB, or extra-wide-body, aircraft engine model, which may provide high added value to the company, AIDC said in a statement after the ceremony.
“The output value of the plant may reach more than NT$2 billion annually,” the statement said.
The launch of the third aircraft engine casing plant would help complete AIDC’s product line in the casing sector, with the company aiming to integrate upstream and downstream suppliers to construct a full-service aero-engine supply chain to boost the nation’s competitiveness in the aircraft manufacturing industry.
AIDC said in November last year that it is considering doubling its capital expenditure for this year from its original plan of NT$2.4 billion due to greater-than-expected replacement demand from airlines.
AIDC posted consolidated sales of NT$2.27 billion last month, up 5.79 percent from a year earlier, according to its stock exchange filing data. For the whole of last year, the company saw consolidated revenue increase 7.96 percent from the previous year to NT$24.92 billion.
The firm’s shares dropped 0.27 percent to close at NT$36.45 on the local bourse yesterday, compared with the TAIEX’s 0.36 percent rise, statistics showed.
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