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22 June 2016

ST Aerospace Establishes New German Subsidiary

Singapore Technologies Aerospace (ST Aerospace) announced on 20 June that its subsidiary company Elbe Flugzeugwerke GmbH (EFW) will establish a new subsidiary company at Kodersdorf to manufacture lightweight components for single aisle Airbus aircraft. EFW is a 55:45 joint venture of ST Aerospace and Airbus Group and is the exclusive supplier of composite flat sandwich panels to Airbus.

The new company will have planned equity of €5.5 million, will occupy an area of 30,000sqm and is expected to create about 100 new jobs by the end of 2018. Planned investment of about €40 million will result in a new component manufacturing facility to supplement EFW’s existing production centre in Dresden. Production of floor panels and cargo linings for the entire range of Airbus aircraft is scheduled to begin by the first half of 2018.