Citation
(2009), "Joint venture contract", Aircraft Engineering and Aerospace Technology, Vol. 81 No. 3. https://doi.org/10.1108/aeat.2009.12781cab.042
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited
Joint venture contract
Article Type: News and views From: Aircraft Engineering and Aerospace Technology: An International Journal, Volume 81, Issue 3
Airbus and a group of Chinese industrial partners recently signed a contract to establish a Joint Venture Manufacturing Centre in Harbin, China to manufacture composite material parts and components for the Airbus A350 XWB programme and Airbus A320 family aircraft.
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 contract was signed by Laurence Barron, President of Airbus China, and Pang Jian, Chairman of the Board of Directors of HAIG and HAI in Madrid, Spain in the presence of Chinese Premier Wen Jiabao and Spanish Prime Minister José Luis Rodríguez Zapatero.
The Harbin Hafei Airbus Composite Manufacturing Centre Company Limited (the Manufacturing Centre) will be set up in 2009. HAIG will hold a 50 per cent stake, Airbus China will hold 20 per cent, while HAI, AVICHINA and HELI will each hold a 10 per cent stake. Manufacturing operations are expected to start in September 2009 and a new plant should be ready for operations by the end of 2010.
The manufacturing centre will produce major components for the A350 XWB programme, as part of Airbus’ target of manufacturing 5 per cent of the A350 XWB airframe in China. These components will be manufactured using the latest composite manufacturing technology based on Airbus standards and processes.