AIDC posts 2018 Performance Results with New Record Highs in Revenue and Profits
2019/4/11
AIDC's Investor Conference was held by Chairman Hu on April 11, 2019. This conference was the 1st time for Chairman Hu and President Ma who jointly attended the meeting together since they took office on March 18. President Ma made a presentation on the market overview, business performance, financial status and latest outlook.
Since AIDC's listing in 2014, AIDC has grown steadily. The accumulated revenue has grown from 24.9 billion NT dollars to 28.2 billion NT dollars in 2018. AIDC stated that current military business will focus on advanced jet trainers; and F-16 retrofit program. In addition, the mid and long-term task will include seeking opportunities to expand the company's military maintenance business for advanced jet trainers; and to collaborate with CSIST to promote the development of the next generation of military aircraft.
The international civil aircraft market has a prosperous future. Boeing and Airbus estimate the global demand for civil aircraft in the next 20 years to be around 37,400~42,700 new aircraft. AIDC will continue to expand capacity to grasp flourishing business opportunities. In 2018, AIDC obtained GE business and was awarded LEAP-1B component
contract for high-precision hot section and machine assembly. In order to expand our engine business and solve limitations of insufficient engine capacity, we plan to build the No. 4 and No. 5 Plants. The estimated total investment amount is approximately NT$2.229 billion. It is expected that the plant No. 4 will be completed in the first quarter of 2020 and will be put into operation in the second quarter of 2020.
In addition, in 2016 and 2017, AIDC's has been successful with expanding operation of its “Engine Case No. 3 Plant” which is a large scale manufacturing facility which can meet the growth needs for Rolls-Royce, GE and others. In addition, the "Taiwan Advanced Composite Materials Center, Factory No 19", produces Airbus's best-selling model A320 belly fairing composite components; and houses the "F-16A/B Performance Improvement Maintenance workshop".
Looking forward into the future, Taiwan Aerospace Industry can utilize its advantages provided by Taiwan's policy of support and industrial cooperation. It is expected that AIDC will continue to create growth and profit-making foundation for the sustainable operation of the company through the expansion into the global civil aircraft market and the development of domestic military aircraft business."
Since AIDC's listing in 2014, AIDC has grown steadily. The accumulated revenue has grown from 24.9 billion NT dollars to 28.2 billion NT dollars in 2018. AIDC stated that current military business will focus on advanced jet trainers; and F-16 retrofit program. In addition, the mid and long-term task will include seeking opportunities to expand the company's military maintenance business for advanced jet trainers; and to collaborate with CSIST to promote the development of the next generation of military aircraft.
The international civil aircraft market has a prosperous future. Boeing and Airbus estimate the global demand for civil aircraft in the next 20 years to be around 37,400~42,700 new aircraft. AIDC will continue to expand capacity to grasp flourishing business opportunities. In 2018, AIDC obtained GE business and was awarded LEAP-1B component
contract for high-precision hot section and machine assembly. In order to expand our engine business and solve limitations of insufficient engine capacity, we plan to build the No. 4 and No. 5 Plants. The estimated total investment amount is approximately NT$2.229 billion. It is expected that the plant No. 4 will be completed in the first quarter of 2020 and will be put into operation in the second quarter of 2020.
In addition, in 2016 and 2017, AIDC's has been successful with expanding operation of its “Engine Case No. 3 Plant” which is a large scale manufacturing facility which can meet the growth needs for Rolls-Royce, GE and others. In addition, the "Taiwan Advanced Composite Materials Center, Factory No 19", produces Airbus's best-selling model A320 belly fairing composite components; and houses the "F-16A/B Performance Improvement Maintenance workshop".
Looking forward into the future, Taiwan Aerospace Industry can utilize its advantages provided by Taiwan's policy of support and industrial cooperation. It is expected that AIDC will continue to create growth and profit-making foundation for the sustainable operation of the company through the expansion into the global civil aircraft market and the development of domestic military aircraft business."
