EADS
Expansion in composites processing / Augsburg, Nordenham and Varel facilities transferred to new business
The European Aeronautic Defence and Space Company (EADS; www.eads.com) is investing EUR 180m to expand capacity in Augsburg. The new plant, located close to the present site, will produce carbon fibre composite components for the body of the Airbus A350. The company is also transferring three sites originally earmarked for sale (Augsburg, Nordenham and Varel, all in Germany) to a new company, Premium Aerotec, which was earlier given the name German Aerostructures Company.
The new company is a wholly owned subsidiary of EADS. Hans Lonsinger, who currently heads up the Augsburg site, has been appointed CEO of Premium Aerotec, which has 6,000 employees and sales of around EUR 1.3 bn.
EADS failed in its original plans to sell off the three sites, in part because of the weakness of the dollar. The plan now appears to be to establish Premium Aerotec as a separate entity with a view to divestment at a later date.
The new company is a wholly owned subsidiary of EADS. Hans Lonsinger, who currently heads up the Augsburg site, has been appointed CEO of Premium Aerotec, which has 6,000 employees and sales of around EUR 1.3 bn.
EADS failed in its original plans to sell off the three sites, in part because of the weakness of the dollar. The plan now appears to be to establish Premium Aerotec as a separate entity with a view to divestment at a later date.
08.09.2008 Plasteurope.com [211731]
Published on 08.09.2008
German version of this article...