Taiwan’s Aerospace Industrial Development Corporation (AIDC) expects to make gains from this year through investments in a new aero-engine technology facility and its research and development (R&D) in modern aerospace capabilities.
AIDC said that these investments are expected to support the corporation’s development following a current downturn in commercial aerospace business caused by the Covid-19 pandemic.
In a recent statement, AIDC confirmed that its revenues and profits declined last year compared to 2019. Sales were recorded at TWD21 billion (USD747 million) and post-tax profit was TWD395.8 million: year-on-year decreases of 26% and 79% respectively.
AIDC attributed the declines to a fall in commercial aerospace manufacturing activity. The military-commercial split of its revenues was 41:59, with the majority attributed to civilian aerospace.
“Last year the aviation industry suffered a heavy setback,” said AIDC. “But AIDC has seized the opportunity to develop its scientific and technology services including new applications for composite materials, energy storage systems, and simulation systems.”
AIDC added, “We will continue to extend our business reach, diversify our products, diversify our revenue streams, and prepare for the post-pandemic era.”
Another new focus area for the company going forward, said AIDC, is aero-engine technologies. To support related R&D efforts, AIDC opened a new aero-engine science and technology facility in April. The company said this is intended to strengthen its bid to become a regional provider of supply-chain and maintenance, repair, and overhaul (MRO) services.
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