ERJ staff report (SS)
Birmingham, UK --Â Dunlop Aircraft Tyres has begun preliminary ground work and held a traditional stone-laying ceremony on the site of its new retreading facility in China.
The company says that tyre retreading will enhance the service that it can provide to current and future airline customers in the Asia Pacific region.
Dunlop is building the plant, which will operate under the name Dunlop Taikoo (Jinjiang) Aircraft Tyres Ltd, with its joint venture partners Hong Kong Aircraft Engineering Co. Ltd and Taikoo (Xiamen) Aircraft Engineering Co. Ltd, and will be the majority shareholder of the facility.
The facility, which will be built in Jinjiang, Fujian Province, is due be operational early next year, said Dunlop, in a 22 Feb statement.
â€œThis facility will significantly increase our competitiveness in the global aerospace market,â€ said Dunlop Aircraft Tyres' chairman, Ian Edmondson.
According to Edmondson airlines are expanding rapidly within the Asia Pacific region, both in their size and numbers, which has resulted in aircraft manufacturers increasing their forecasts of aeroplane deliveries, "and we are delighted to be able to access a $100 million market that is demonstrating double-digit annual growth," he said.
â€œBy partnering with HAECO, one of the world's leading aircraft engineering companies and TAECO, its subsidiary in mainland China, we will be able to accelerate our entry into the marketplace and offer a compelling range of products and services to the region's airlines," said Edmondson.