Aerospace leader European Aeronautic Defence and Space (EADS) has announced a spate of global projects for its various divisions since the beginning of 2009.
The EADS Airbus division signed a contract with a group of Chinese industrial partners in January to establish a joint venture factory in Harbin, China, to manufacture composite material parts and components for the A350 XWB program and Airbus A320 aircraft.
From here on in it all becomes alphabet soup but eventually we will get used to the short form of the names.
The ones you will hearing about are HAIG, HAI, AVICHINA and HELI.
Sorting them out, the Chinese partners, are Harbin Aircraft Industry Group Company Limited (HAIG), Hafei Aviation Industry Company Limited (HAI), Avichina Industry & Technology Company Limited (AVICHINA) and Harbin Development Zone Heli Infrastructure Development Company Limited (HELI).
The Harbin Hafei Airbus Composite Manufacturing Centre will be set up in 2009. HAIG will hold a 50% stake. Airbus China will hold 20%, while HAI, AVICHINA and HELI will each hold a 10% stake.
Manufacturing operations are expected to start in September 2009, and a new plant should be ready for operations by the end of 2010.
World Report states the manufacturing center will produce major components for the A350 XWB, as part of Airbus’ target of manufacturing 5% of the A350 XWB airframe in China.
This joint venture is another step in Airbus’ building of a long-term strategic partnership with China. The total value of industrial cooperation between Airbus and the Chinese aviation industry is expected to be near $200 million per year in 2010 and $450 million per year in 2015.
In 2008 Airbus delivered a record number of 483 aircraft, 30 more than in 2007. The company has 777 orders valued at $100 billion.