Singapore Technologies Engineering’s (ST Engineering) aerospace arm Singapore Technologies Aerospace Ltd (ST Aerospace) announced that its subsidiary Elbe Flugzeugwerke (EFW) will be setting up a new subsidiary in Kodersdorf, Germany, with a planned equity of €5.5m.
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 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.