Airfoil Services (ASSB), a 50/50 joint venture between MTU Aero Engines AG and Lufthansa Technik AG, has expanded its Malaysia facility by 5,200 sqm.
The expansion will increase current repair capacity from 650,000 to 900,000 parts per year by 2020.
This underlines the shareholders' commitment to increasing its footprint and investing in Malaysia.
"There is significant market demand for airfoil repairs and we are delighted to be expanding the facility to cater to our customer's needs,"
commented Wim van Beers, managing director, ASSB. "ASSB's rapid growth
not only brings investment to the region neighbouring Kuala Lumpur, it also provides additional highly-skilled job opportunities to the local population."
The company is planning to add another 200 jobs over the next three years, increasing the workforce to around 700 employees.
MTU and Lufthansa Technik entered into the joint venture with the aim of providing customers with the best possible airfoil services in the industry.
Alongside repair development and baseload volume, the partners contribute knowledge, training and improved quality standards to
the location.