FACC Becomes Part of the Avic Cabin Systems | Industry News | car

Around the Austrian aircraft manufacturer FACC, headquartered in Ried im Innkreis, the main Chinese shareholder Avic brings together all of its business with domestic aircraft equipment. There is a specialized holding company in London

FACC is the largest of the five subsidiaries of Avic. It accounts for more than half of the division 's combined business figure of about 500 million euros.

With the consolidation of activities in the new "Avic Cabin Systems" Ltd. Participating Avic subsidiaries should take advantage of synergies and reduce duplication, for example in joint bids or calls for tenders.

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In addition to the FACC (www.facc.com), there are also the global activities of the company. Interior Equipment of AIM Altitude (www.aimaltitude.com), Thompson Aero Seats (www.thompsonaero.com), Jiatai (www.alijt.com. cn) and Fesher (www.fesher.net).

Virtually all components for aircraft interiors would be offered together in the future. Subcontracts with third party suppliers should also be completed.

FACC would appear within the group of Avic Group's new business opportunities, wrote the Sino-Austrian supplier "as an independent independent company". According to a spokesman for the Austrian press agency, there would be no operational activity elsewhere. Even in FACC locations, nothing changes. "This is a significant strengthening of the company."

In the civil aircraft market, the group of companies wants to sell complete systems of aircraft cabins, including airplanes. Onboard kitchens and airplane seats, says FACC. They also want to develop together.

While the FACC has been primarily the major aircraft manufacturers as customers, other partners within this Avic unit have done business with the airlines. It also means new customers for the Upper Austrians

The former intermediate owner of FACC holding "FACC International" (Hong Kong) in Avic Cabin Systems Ltd. (Hong Kong, with a branch in London) renowned.

The companies involved in the new holding company group have plants in America, Asia, Australia and Europe. The restructuring was presented by representatives of Avic and the directors of the girls at the Farnborough International Air Show

FACC sales of 750 million euros for the 2017/18 fiscal year included 254 million euros from the cabin interior equipment division. 162 million, the company with parts and housing for propulsion systems. The most important sales figures so far are lightweight structural components for the aerospace industry (334 million euros).

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FACC AG has been majority-owned in China for almost a decade: the majority is owned by Aviation Industry Corporation of China (Avic) 39 Chinese Military and Aerospace State.

Avic holds 55.5% of the voting rights of the Austrian company FACC AG through Avic Cabin Systems (formerly FACC International). The remaining 44.5% are in free circulation with international and Austrian investors.