AIDC Hosts Investors Conference and to Accelerate Corporate Transformation
2018/12/21
The Aerospace Industrial Development Corporation (AIDC) hosted the company’s Investors Conference on December 20, 2018. The conference featured a shop tour for conference attendees of both the Taiwan Advanced Composite Centers; TACC-19 and TACC-22 which it was explained TACC-19 was principally committed for Airbus composite orders of A320 parts. The conference offered a window for the investors to understand the current company progress, and in return the company acquired support from its investors.
AIDC reported accumulated revenue of 19.8 billion NT dollars for Q3 2018 with net profit of 1.6 billion and a dollar and seven of earning per share. As the accumulated revenue up to November has reached 25.1 billion NT dollars, it is expected the performance will exceed this figure as Year 2018 draws to an end.
According to JEC the world gross output value of composite material in 2016 was about 82 billion US dollars. With 5% growth annually it is estimated to reach 103 billion US dollars in 2021. While Airbus and Boeing are massively applying composite materials in their new aircraft design, for instance the composite material takes up over 50% on both the aerostructures of the A350 and B787, obviously composite materials have become a trending development in the current market and will continue to evolve in the future.
Airbus estimated the market demand in the next 20 years will reflect a 4.6% annual growth. Namely it will be around 32,600 new aircraft. With rapid growth in composite new businesses, AIDC’s first TACC has reached full capacity. To expand its composite capacity in time, AIDC remodeled its existing Plant #19 to TACC-19, and thus AIDC is able to accommodate Airbus orders.
AIDC currently has successfully won commercial orders for the A320 After Belly Fairing, the B737 MAX Composite Elevator, the LEAP and LM9000 aero engine businesses. AIDC will continue to expand its services in the North America, Europe, and Japan.
In defense business, the indigenously developed Advanced Jet Trainer (AJT) is only 950 days away from its first flight which is scheduled in year 2020. The AJT program is expected to nourish the talents for the Taiwan aerospace industry and to widen the bonding between related industries in preparation for the future development of the next generation fighter.
At this stage, in addition to business development and technical advancement, AIDC has focused its effort in its top three priorities which are; the AJT program, Supply Chain Integration, and Smart Manufacturing to confront the thriving market and challenges of the global aerospace industry in the next 20 years.
In the PwC’s Aerospace Manufacturing Attractiveness Rankings 2017, countries around the world were evaluated respectively in 7 categories including; cost, labor, infrastructure, industry, geo-political risk, economy, and tax policy. AIDC was ranked number 6 in the overall ranking. It was the first time Taiwan entered the top 10 and it evidences Taiwan’s strong potential for being among the significant players in the global aerospace industry.
AIDC also announced in the conference that it will host the Taiwan Aerospace Industry and Policy Forum 2018 on December 5th and 6th, 2018.
AIDC reported accumulated revenue of 19.8 billion NT dollars for Q3 2018 with net profit of 1.6 billion and a dollar and seven of earning per share. As the accumulated revenue up to November has reached 25.1 billion NT dollars, it is expected the performance will exceed this figure as Year 2018 draws to an end.
According to JEC the world gross output value of composite material in 2016 was about 82 billion US dollars. With 5% growth annually it is estimated to reach 103 billion US dollars in 2021. While Airbus and Boeing are massively applying composite materials in their new aircraft design, for instance the composite material takes up over 50% on both the aerostructures of the A350 and B787, obviously composite materials have become a trending development in the current market and will continue to evolve in the future.
Airbus estimated the market demand in the next 20 years will reflect a 4.6% annual growth. Namely it will be around 32,600 new aircraft. With rapid growth in composite new businesses, AIDC’s first TACC has reached full capacity. To expand its composite capacity in time, AIDC remodeled its existing Plant #19 to TACC-19, and thus AIDC is able to accommodate Airbus orders.
AIDC currently has successfully won commercial orders for the A320 After Belly Fairing, the B737 MAX Composite Elevator, the LEAP and LM9000 aero engine businesses. AIDC will continue to expand its services in the North America, Europe, and Japan.
In defense business, the indigenously developed Advanced Jet Trainer (AJT) is only 950 days away from its first flight which is scheduled in year 2020. The AJT program is expected to nourish the talents for the Taiwan aerospace industry and to widen the bonding between related industries in preparation for the future development of the next generation fighter.
At this stage, in addition to business development and technical advancement, AIDC has focused its effort in its top three priorities which are; the AJT program, Supply Chain Integration, and Smart Manufacturing to confront the thriving market and challenges of the global aerospace industry in the next 20 years.
In the PwC’s Aerospace Manufacturing Attractiveness Rankings 2017, countries around the world were evaluated respectively in 7 categories including; cost, labor, infrastructure, industry, geo-political risk, economy, and tax policy. AIDC was ranked number 6 in the overall ranking. It was the first time Taiwan entered the top 10 and it evidences Taiwan’s strong potential for being among the significant players in the global aerospace industry.
AIDC also announced in the conference that it will host the Taiwan Aerospace Industry and Policy Forum 2018 on December 5th and 6th, 2018.
