SAMC in JV with Eaton
By Winny Wang |
June 29, 2011, Wednesday
|
Print Edition
Print Edition
DIVERSIFIED industrial manufacturer Eaton Corp yesterday inaugurated a US$18 million conveyance joint venture with Shanghai Aircraft Manufacturing Co to support China's homemade jumbo jet project.
Shanghai Aircraft Manufacturing Co, a subsidiary of C919 jet maker Commercial Aircraft Corp of China, will own 51 percent of Eaton SAMC (Shanghai) Aircraft Conveyance System Co Ltd, with Eaton holding the balance.
The Shanghai-based joint venture will focus on the design, development, manufacturing and support of fuel and hydraulic conveyance systems for the 150-seat C919 jets.
It will also supply conveyance systems to other aircraft and engine manufacturers in global markets at some point in the future.
"We look forward to working with SAMC to develop comprehensive conveyance system engineering and manufacturing capabilities for the global civil aviation market," said Craig Arnold, vice chairman of Eaton.
The market for the C919 conveyance systems is estimated at US$1.8 billion and is based on a volume of 2,500 aircraft over 20 years.
Shanghai Aircraft Manufacturing Co, a subsidiary of C919 jet maker Commercial Aircraft Corp of China, will own 51 percent of Eaton SAMC (Shanghai) Aircraft Conveyance System Co Ltd, with Eaton holding the balance.
The Shanghai-based joint venture will focus on the design, development, manufacturing and support of fuel and hydraulic conveyance systems for the 150-seat C919 jets.
It will also supply conveyance systems to other aircraft and engine manufacturers in global markets at some point in the future.
"We look forward to working with SAMC to develop comprehensive conveyance system engineering and manufacturing capabilities for the global civil aviation market," said Craig Arnold, vice chairman of Eaton.
The market for the C919 conveyance systems is estimated at US$1.8 billion and is based on a volume of 2,500 aircraft over 20 years.
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