Agreement Shenyang Aircraft Corporation and Fokker Aerospace Group for joined development and manufacturing of aerostructures
22 September 2005
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Today at the Beijing Aviation Expo the Chinese aircraft manufacturer Shenyang Aircraft Corporation (a subsidiary of AVIC-I) and Dutch Fokker Aerospace Group have signed a Heads of Agreement for collaboration in the development and manufacturing of aerostructures for commercial aircraft. Shenyang Aircraft Corporation (SAC) provides leading capabilities in tool design and fabrication, machining, assembly and composite production. Fokker Aerostructures, a Fokker Aerospace Group company, provides leading capabilities in program management, structure design and engineering, composite (thermoplastics) and metal bonding. |
 Under supervision and support of the AVIC-1 and Catic Management the contract with SAC was signed by Henk Valk, Executive VP of Fokker Aerospace Group. |
By sharing these mutually complementary capabilities both companies expect new opportunities by delivering an excelling price/quality ratio and extension of production capacity. Also the established position of both companies in different markets and businesses are a key element to this collaboration.
SAC and Fokker Aerostructures will form project teams with having members from both companies participating closely on the managerial and technical tasks. SAC and Fokker have had a relation going back to the 1930's, being the first companies joining forces between Europe and China in the aerospace industry.
'Under the leadership of AVIC-I, SAC endeavors to meet and exceed customer expectations and improve customer satisfaction by exploring ways to continuously improve its performance. The collaboration between SAC and Fokker has placed the parties in a better position to fulfill the commitments to our customers', says Mr Li Fangyong, Chairman and President of Shenyang Aircraft Corporation under AVIC-I.
Mr Henk Valk - Executive Vice President of Fokker Aerostructures - says: 'We have identified Shenyang Aircraft Corporation as the perfect partner to Fokker. Both parties have complimentary capabilities thereby offering the potential for creating value'.
Shenyang Aircraft Corporation (China), one of the key aircraft manufacturers under AVIC-I in China, supplies commercial aircraft components to aircraft integrators in Europe and North America. SAC is one of the major Chinese forces in the industrial cooperation between AVIC-I and the world's leading aircraft integrators.
Fokker Aerospace Group (The Netherlands) develops and produces advanced components and systems for the aviation and aerospace industry, and supplies integrated services and products to aircraft owners and operators. The group achieved a turnover of €495 million in 2004 with 3,182 employees out of the total Stork turnover of €1.82 billion.
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Stork N.V.
Dick Kors
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