FACC is Considering Going Public in Asia

IndustrialsIndustrial Goods ♦ Published: March 11, 2011; 03:05 ♦ (Vindobona)

The Austrian aircraft component manufacturer could soon be listed on the stock exchange in China.

FACC is Considering Going Public in Asia / Picture: © Vindobona.org

The Chinese owner of FACC, Xi'an Aircraft Industry is, according to its own statements interested in going public in China. Schedule and details are still open.

Last year, FACC achieved sales for € 265m; according to CEO Walter Stephan, the EBIT increased to € 21.5m after € 11.5m in 2009.

Stephan is optimistic regarding the future. "We see a drastic increase in the…